Cement prices to increase by 7% on QoQ basis: Reports

A report has said that average cement prices are expected to rise by 6 per cent YoY and 7 per cent on QoQ basis across the country despite volume decline in the southern and central regions. As per reports, the eastern region is likely to see a strong growth in demand for the key building material. Commenting on the issue, an ICICI Securities Official told the media, "Average pan-India cem

India Inc. calls for lending rate cut to boost industrial output

India Inc. on Wednesday called for an easing of the monetary policy to give a boost to the country's industrial output.

Corporate India's calls for a reduction of key lending rates comes after the Index of Industrial Production (IIP) released by the Central Statistics Office (CSO) showed that on a sequential basis, the output rose slower than the revised estimates for Apr

Road projects worth Rs 2 lakh crore in north-east by 2019: Nitin Gadkari

The Centre would initiate road projects in the north-east with an estimated expenditure of Rs 2 lakh crore by 2019, Road Transport and Highways Minister Nitin Gadkari announced on Wednesday.

Gadkari said that while projects with expenditure of Rs 1.5 lakh crore would be carried out through the National Highways and Infrastructure Development Corporation Ltd. (NHIDCL), state Public Wor

Domestic shipping should be at par with road transport: Experts

 Domestic shipping (coastal and inland water transport) should be at par with the road transport sector in all aspects so as to take away bulk of the cargo movement from the trucks, experts said here on Wednesday.

"The coastal shipping is viable and does not need any viability gap funding. What it needs is the parity in regulations vis-a-vis the road transport sector,"

Railways system being put on digital platform: Suresh Prabhu

 Railway Minister Suresh Prabhu on Wednesday said that efforts are being made to bring the entire railway system on digital platform to reduce costs.

"Efforts are being made to bring entire railway system on integrated digital platform," Prabhu said at a press confernce here after launching the RailCloud, a virtual server with an inbuilt security system that will enable

Cabinet approves road linking Manipur with Myanmar

The Union Cabinet on Wednesday approved upgradation of a 65-km-long National Highway in Manipur to boost the state's connectivity with south and southeast Asia via Myanmar.

Road Transport and Highways Minister Nitin Gadkari told reporters here that NH-39 from Imphal to Moreh near the Myanmar border would reduce travel time from three-and-a-half hours to one hour and 45 minute

Assocham seeks review of GST rate on bio-fertilisers

Industry body Assocham today asked the government to review 18 per cent GST rate on select agriculture inputs like bio-fertilisers, bio-pesticides and organic manures so as to compress the use of chemical fertilisers. In a letter to Finance Minister Arun Jaitley, the industry body said a higher GST on bio-fertilisers, organic manures will promote the use of chemical fertilisers and impact publi

Railways to launch RailCloud for faster connectivity

The Indian Railways has said that it is planning to launch RailCloud, a virtual server with an inbuilt security system that will enable faster connectivity at a reduced cost. As per reports, developed by rail PSU RailTel at an estimated cost of about Rs 53 crore, Railcloud is aimed at optimising server resources and its management. Cloud computing is an emerging technology for faster and on dem

Energy consumption in India to double by 2035: Dharmendra Pradhan

Energy consumption in India is expected to double by 2035 and the demand will continue to rise for more than a decade, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Wednesday.

"Rising middle class of emerging Asian countries like India will drive the demand for energy both in terms of electricity, cooking and transportation fuel. As incomes rise, the

Uttar Pradesh Government allots Rs 288 cr for metro rail projects: Reports

The Uttar Pradesh Government has said that it has made a budgetary provision of Rs 288 crore for metro rail projects, while allocating Rs 598.65 crore for widening and strengthening of roads. As per reports, the state government has also granted Rs 3,972 crore for maintenance of roads and making them pot-hole free. A provision of Rs 451.58 crore has been made for connecting villages with link r

Government okays creation of directors post for 3 new AIIMS

The Union Cabinet today approved the creation of three posts of directors in the new AIIMS that will come up in Mangalagiri in Andhra Pradesh, Kalyani in West Bengal and Nagpur in Maharashtra. The posts will be immediately filled up following due procedure, said an official statement. The post of director is in the pre-revised scale of Rs 80,000 (fixed) {plus NPA ceiling limit 85,000}. The annu

CCEA sanctions Rs 1630 cr for SASEC road connectivity

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval for upgradation and widening of 65 kms of Imphal-Moreh Section of NH-39 in Manipur at a cost of Rs 1,630.29 crores. According to CCEA, Manipur being a landlocked state with almost 90 per cent of the area under difficult terrain presently has only road transport as a means of mass trans

New telecom policy will be application driven: Manoj Sinha

 The government is working on a new telecom policy which will be application driven as compared to National Telecom Policy, 2012, which was connectivity driven, Communications Minister Manoj Sinha said here on Wednesday.

He said the new policy has to be focused on the end users and should look at the newer opportunities for expanding the availability of telecom services.

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JNPT container traffic up 5% during Quarterly Result 1 FY18

Jawaharlal Nehru Port Trust (JNPT), countrys largest container port registered a 5.11 per cent growth in container traffic in the first quarter of the current financial year by handling 1.20 million TEUs as compared to 1.14 million TEUs in the corresponding quarter of the last financial year, according to an official statement. The Ministry of Shipping said that Jawaharlal Nehru Port Container

IFSC: Sebi amends guidelines for eligible foreign investors

Sebi amended the guidelines for eligible foreign investors looking to operate at the International Financial Services Centre (IFSC),reported PTI. Now, a trading member of a stock exchange in the IFSC can carry out the due diligence for an eligible foreign investor (EFI), who is not registered with the regulator as a Foreign Portfolio Investor (FPI).

The provision has been made for the

Sebi wants special review of stock exchanges trading systems

Sebi wants a special review of exchanges' trading systems, back-up arrangements and disaster recovery plans, including handling sudden surge in volumes, in the wake of a major technical glitch at NSE earlier, regulatory sources said according to the PTI report. Besides, the regulator is working on stronger checks against any possible cyber threat following the recent spate of ransomware att

NHAI probing its officials in bribery by US firm

 The National Highways Authority of India (NHAI) on Tuesday said it has initiated an internal investigation into allegations that some of its officials were bribed by a US-based construction firm between 2011 and 2015.

"NHAI has initiated an internal investigation into alleged payment of bribe money to its officials as reported in the media," said the statement.

Domestic air passenger traffic crosses 10-mn-mark in May: ICRA

Domestic air passenger traffic crossed the 10-million-mark for the first time in India during May 2017, ratings agency ICRA said on Tuesday.

According to an ICRA note, the growth in passenger traffic was achieved as a result of peak season demand, whereby the passenger load factor (PLF) for the domestic aviation industry touched a new high of 88.9 per cent.

"M

PPP model could give a fillip to mineral exploration: Piyush Goyal

Union Minister Piyush Goyal on Tuesday advocated introduction of PPP (public private partnership) model to give a boost to the country's mineral exploration sector.

According to the Minister of State (Independent Charge) of Power, Coal, New and Renewable Energy and Mines, a PPP model could give a fillip to mineral exploration. 

Goyal was speaking at a conf

Mobilisation advances from NHAI to cushion against delays in HAM projects

National Highways Authority of India’s payment of mobilisation advances to developers will provide a fillip to the construction pace of hybrid annuity model (HAM) projects, says India Ratings and Research (Ind-Ra). HAM was introduced to rejuvenate the road sector and lessen the equity burden on the already stressed developers. Lenders are gradually familiarising with this contract structu

Railways inaugurates Madgaon leg of Science Express

The IX Phase of the prestigious Science Express exhibition train which is on a Nationwide tour since 17 February 2017 reached Madgaon in Goa today i.e. 11 July 2017, the Ministry of Railways notified on Tuesday. This phase of train is being referred as ‘Science Express Climate Action Special (SECAS)’ highlighting the global challenge of climate change. Minister of Railways Suresh Pr

Common service centres will give employment to 1 crore people : Ravi Shankar Prasad

The Common Service Centres (CSC) programme has given employment to 10 lakh people in India and, in the near future, one crore people will work in CSCs, IT Minister Ravi Shankar Prasad said here on Tuesday.

"I have great expectation from CSC VLEs (Village Level Entrepreneurs). Our VLEs are change-makers of India. CSCs have given employment to 10 lakh people in India. I am con

Government to push Banking Regulation Bill in Monsoon Session

The finance ministry is gearing up to introduce a host of Bills, including the Banking Regulation (Amendment) Bill, repeal of State Bank of India (Subsidiary Banks) Act, 1959, among others, in the upcoming Monsoon Session, reported PTI. Besides, it is working on the Banning of Unregulated Deposit Schemes and Protection of Depositors Interests Bill.

The Department of Financial Services

Darjeeling tea industry expecting Rs 250 cr losses: Reports

The Darjeeling tea industry has said that it is expecting a loss of Rs 250 crore due to the ongoing shutdown called by Gorkha Janmukti Morcha(GJM) which entered the 26th day today. Commenting on the issue, Darjeeling Tea Association(DTA) chairman Binod Mohan told the media, "The second flush tea is premium tea which is mostly exported.

There is no production of the tea since the