Mutual Funds log Rs 62,000-cr inflows in August

Investors have pumped in close to Rs 62,000 crore into various mutual fund (MF) schemes in August, driven by equity and money market funds, reported PTI. With this, total net inflow in MF schemes has risen to Rs 2.2 lakh crore in the first five months (April-August) of the ongoing fiscal, as per the latest data available with Association of Mutual Funds in India (Amfi). "The Indian mutual

Enterprises shifting to Cloud faster than expected: Gartner

In a fast moving trend, 36 per cent of enterprises will by 2020 use the Cloud to support more than half of their transactional systems of record, market research firm Gartner said on Wednesday.

Organisations of all sizes are moving to Cloud solutions such as core financial applications and for transactional systems of record.

According to the report, smaller and midsize orga

Plan to make Goa Asia`s top start-up spot: Minister

A new start-up policy approved by the state cabinet on Wednesday envisions Goa as Asia's top start-up destination by 2025, Information Technology Minister Rohan Khaunte said on Wednesday.

Speaking to reporters at the state Secretariat, Khaunte said that the objective of the scheme was to create job givers and not job seekers and stop the brain drain, especially in technology.

Goa Cabinet approves new convention centre for IFFI

Chief Minister Manohar Parrikar announced on Wednesday that the 50th edition of the International Film Festival of India (IFFI) will be held in a new convention centre with 10 screening halls.

Parrikar told reporters that the state cabinet on Wednesday had approved the construction of the proposed convention centre on a public-private partnership (PPP) basis.

"We would

Law underlining Aadhaar will have to be strengthened: NITI Aayog

NITI Aayog Vice-Chairman Rajiv Kumar on Wednesday said that the law underlining Aadhaar will have to be strengthened in the wake of Supreme Court upholding the right to privacy as a fundamental right.

"Article 21 has been interpreted again. The law underlining Aadhaar will have to be strengthened," he said here at the conclave on financial inclusion organised by United Natio

USTDA inks MoU with AAI to develop Kolkata, Lucknow airports

The US Trade and Development Agency has signed a memorandum of understanding with the Airports Authority of India to support a 20-year master plan aimed at expansion of operational capacities of the Kolkata and Lucknow international airports, an official said today.

Airports Authority of India (AAI) selected Cincinnati- based Landrum & Brown (L&B) company to conduct the master

Cabinet okays MoU with Morocco on health

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved an MoU between India and Morocco in the areas of drug regulation and pharmaceutical quality control and communicable diseases among others.

Other areas where the two countries will work together are maternal, child and neonatal health, hospital twinning for exchange of good practices and training in administratio

RBI fines U.P. Civil Secretariat Primary Co-op Bank

The Reserve Bank of India has imposed a monetary penalty of Rs five lakh on U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for continuous non-submission of the returns u/s 27 of the Act ibid and unreasonable delay in submission of compliance to deficiencies pointed out in RBI inspection.

The Reserve Bank of India had issued a Show Cause Notice to the bank, in response

Homoeo lab for viral diseases inaugurated

The country's only laboratory to conduct basic research in Homoeopathy for viral diseases has been inaugurated by Union Minister of State for AYUSH Shripad Yesso Naik. The lab is being set up at the city's Dr Anjali Chatterjee Regional Research Institute for Homoeopathy.

The virology laboratory, established at a cost of Rs 5 crore, besides conducting basic and fundamental rese

Health and fitness app industry grew only 9% in 2017

The health and fitness app industry, which saw a massive growth of over 330 per cent in three years since 2014, witnessed a slowdown and grew only nine per cent in 2016-17 worldwide, a survey has revealed.

From 2014 to 2015, the industry demonstrated a year-over-year growth of 178 per cent, while from 2016 to 2017 it grew only nine per cent, said the survey by Flurry from Oath, a glob

Cabinet approves plan to boost domestic oil production

Aiming to increase domestic production of oil and natural gases, and generate employment, the government on Tuesday approved conducting of survey and acquiring data of the unexplored sedimentary basins spread across 24 states.

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved a project worth Rs 2,932.99 crore to acquire seismic data over 48,2

Need law to deal with river desilting issue: Nitin Gadkari

Union Minister for River Development Nitin Gadkari on Tuesday called for a new comprehensive law to deal with the issue of desilting of rivers, along with measures such as inter-linking of rivers and construction of check dams to meet the challenge of floods in the country.

Addressing a meeting here of the Consultative Committee of Parliament attached to his ministry, Gadkari expresse

CCEA approves doubling of Daund-Manmad railway line

The Cabinet Committee on Economic Affairs on Tuesday gave its approval for the Daund-Manmad doubling project of 247.5 km. “The estimated cost of the project will be Rs 2,081.27 crore and completion cost of Rs. 2,330.51 crore with 5 per cent escalation per annum. The project is likely to be completed in next five years by 2021-22,” according to a Cabinet statement.

Doubling

Cabinet approves plan to develop dairy sector

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday approved a Rs 10,881 crore fund, for the period 2017-18 to 2028-29, to develop the country's dairy sector, benefitting 95 lakh farmers and generating nearly 2.5 lakh jobs.

The Dairy Processing & Infrastructure Development Fund (DIDF) will focus on building an efficient milk procureme

NHAI issues appeal for removal of encroachment on NHs

In a bid to remove encroachment and illegal access on national highways, the Ministry of Road Transport & Highways has issued appeal to close illegal dhabas, buildings, factories, restaurants, hoardings and advertisements and apply for legal access to these establishments under the policy. The Ministry said that these establishments are safety hazards for traffic plying on National Highways

Cabinet approves Rs 1,423-cr highway project in Andhra Pradesh : Reports

The Indian Government has said that the Cabinet has approved Rs 1,423-crore highway project in Andhra Pradesh, part of the high density Kolkata-Chennai traffic corridor. Commenting on the issue, a Government Official told the media, "The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for development of six-laning of Narasannapeta-Rana

Government launches 24 hours hackathon in seven cities

The government on Tuesday launched a nation-wide hackathon #OpenGovDataHack, Electronics & Information Technology Minister Ravi Shankar Prasad said here.

As part of the Startup Eco-system Development program, National Informatics Centre and Internet & Mobile Association of India have collaborated to conduct nation wide Hackathon #OpenGovDataHack across seven states of India.&n

India`s factory output rises by 1.2% in July

 India's factory output in July rose by 1.2 per cent from June's contraction of 0.16 per cent, official data showed on Tuesday.

However, on a year-on-year basis, the output was lower when compared to a rise of 4.5 per cent reported for July, 2016.

Cabinet gives nod to hive off BSNL's tower assets into separate company

The Cabinet on Tuesday gave its approval for hiving off the mobile tower assets of Bharat Sanchar Nigam Limited (BSNL) into a separate company, fully owned by BSNL.

"We will complete the hiving off process in two years. Out of total telecom towers in the country, around 15 per cent is with BSNL," Communications Minister Manoj Sinha said while briefing the media on this Cabin

Global server market revives with 2.8% growth: Gartner

Global server revenue increased 2.8 per cent year-on-year (YoY) while shipments grew 2.4 per cent in the second quarter of 2017, market research firm Gartner said on Tuesday.

It is an improvement from the previous quarter when the revenue saw a decline of 4.5 per cent (YoY) and shipments had fallen 4.2 per cent.

"The second quarter of 2017 produced some growth compared

Government notifies GST cess hike on mid & large cars, SUVs

The government has notified levy of increased GST cess of up to 7 per cent on mid-size, large and SUV cars. The GST Council on September 9 had decided to hike cess on mid-size cars by 2 per cent, on large cars by 5 per cent and on SUVs by 7 per cent to bring tax rates on these cars at pre-GST levels. The Finance Ministry late last night notified the hike in quantum of cess to be levied on cars,

NSE extends deadline for filing annual returns to October 31

Top stock exchange NSE has decided to extend the deadline for submission of annual returns for fiscal 2016-17 by trading members to October 31. Earlier, the bourse had asked the trading members to submit their respective annual returns by September-end. "Members are requested to note that the last date for submission of Annual Returns for the financial year 2016-17 is extended till October

Japan PM Abe to launch $17-billion Indian bullet train project as ties deepen

By Tommy Wilkes and Kiyoshi Takenaka

NEW DELHI/TOKYO - Japan's Prime Minister Shinzo Abe will lay the foundation stone for India's first bullet train in Prime Minister Narendra Modi's home state Gujarat this week, in a tightening of ties just days after New Delhi ended a dangerous military confrontation with China.

The move by Abe, who starts a t

Delhi Metro runs with door open on Yellow Line

A Delhi Metro train covered a good distance a day ago with one of its gates open owing to a "technical fault", a DMRC official said on Tuesday.

The train plying on the Yellow Line between Samaypur Badli and HUDA City Centre suffered the glitch at Chawri Bazar Station on Monday night around 10 p.m.

One of the doors of the train remained open till Civil Lines Station

First bullet train project to commence from September 14: Minister

The Rail Minister has said that Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe will lay the foundation stone for India's first bullet train project, connecting Mumbai and Ahmedabad, in Ahmedabad. Commenting on the issue, Rail Minister Piyush Goyal told the media, "The commencement of work on the country's first High Speed Rail (Bullet train) project will begin