Government launches BHARAT-22 Exchange Traded Fund

The Government of India on Tuesday launched the BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential Mutual Fund targeting an initial amount of about Rs 8,000 crore. This New Fund Offer is open till November 17, 2017. The Units of the Scheme will be allotted 25% to each category of investors. In this ETF, the Retirement Fund has been made separate category of Investors. In case of s

Hardeep Puri asks HUDCO to prioritize affordable housing

Hardeep S Puri, Housing and Urban Affairs Minister has asked HUDCO to prioritize Affordable Housing in all its endeavors to contribute to Housing for All by 2022. Speaking at the inauguration of HUDCO Build Tech– 2017 pavilion at ITPO, Puri lauded HUDCO’s contribution through financing a wide range of housing and infrastructure projects including roads, bridges, hospitals, metro rai

R.K. Singh launches the National Power Portal

R.K. Singh, Minister of State (IC) for Power and New & Renewable Energy, on Tuesday launched the National Power Portal (NPP). The portal may be accessed at http://npp.gov.in. NPP is a centralised system for Indian Power Sector which facilitates online data capture/ input (daily, monthly, annually) from generation, transmission and distribution utilities in the country and disseminate Power

Told officials to not let trains pass when work is on: Piyush Goyal

Asserting that renewal of railway tracks is a necessity for safety of passengers, Railways Minister Piyush Goyal on Tuesday said he has asked his officers to not allow any train to pass when track maintenance work is on.

"Replacing old rail tracks with new is essential for the safety of passengers and all the new procured tracks are being used to replace the old tracks,"

IndiGo moves High Court against directive to shift some flights out of T1 of IGIA

Budget carrier IndiGo has filed a writ petition along with an interim application for stay in Delhi High Court challenging Delhi International Airport Limited's (DIAL) directive to it to shift a part of its operations from Terminal 1 (T1) to Terminal 2 (T2) of IGI airport here.

According to a document reviewed by IANS, the petition has been filed by IndiGo and Enakshi Jha, a share

Reliance Energy customers using PayTM to get cash back

Reliance Energy has announced an exclusive offer for consumers paying power bills through PayTM with a daily lucky draw of cashbacks for a month starting November 15, an official said here on Tuesday.

The offer, in line with the company's commitment to the 'Digital India' initiative, can be availed by using promo code REL1000 to pay bills through PayTM website or app, said

Will reduce fatal road accidents by 50 per cent: Nitin Gadkari

 The government is committed to reducing fatal road accidents by 50 per cent, Road Transport and Highways Minister Nitin Gadkari said on Tuesday.

He also sought help from developed countries to get innovative technologies and best practices to curb increasing road accident deaths in the country.

"We seek innovative technologies in highway projects and materials and

Slight improvement in finances of infra companies: ICRA

Rating agency ICRA has said that even though many infrastructure players are still struggling with stressed balance sheets there has been an improvement in financial profile of firms having exposure to airport and highways projects indicating a revival in the sector. Commenting on the issue, an ICRA Official told the media, "Early signs of a revival of the infrastructure sector are evident

Bring realty under GST with stamp duty, moderate rate:Assocham

If the real estate sector is brought within the ambit of GST, it should be along with the stamp duty and moderate rate, and should not add to the cost of housing and construction, according to an industry body. The Associated Chambers of Commerce and Industry of India (Assocham) said the Centre is certainly in favour of realty under the Goods and Services Tax (GST) but the states have to be bro

Organised plywood sector to grow 25% year-on-year

With rationalisation of Goods and Services Tax (GST) from 28 per cent to 18 per cent on plywood, organised industry players of this sector are hopeful of increasing their marketshare, reported PTI. The average growth rate of the industry which was about five per cent till now was expected to grow at least by 25 per cent year-on-year, industry sources said. Century Plyboard MD Sanjay Agarwal sai

IITF opens, Vietnam partner nation, Kyrgyzstan focus country

 With India moving to an Act East foreign policy, with focus on the Asean region, Vietnam an important and old ally is the partner country at this year's India International Trade Fair (IITF), Commerce Minister Suresh Prabhu said on Tuesday.

The 37th IITF, inaugurated here by President Ram Nath Kovind, has Vietnam as the partner country, the Kyrgyz Republic in Central Asia as

Jaitley to visit Singapore to discuss investments

 Finance Minister Arun Jaitley is visiting Singapore to showcase a slew of investor friendly reforms undertaken by the government and discuss ideas to ramp up investments in India.

Jaitley is leaving on Tuesday evening on a two-day official visit to Singapore.

"During the visit, Jaitley will re-enforce the close ties between India and Singapore, building upon our s

Average loading of rakes per day up by 7% in 2nd quarter : Coal India Ltd

Coal India Ltd (CIL) has said that its average loading of rakes per day went up to 208.8 in the second quarter of the current fiscal - up by 7 per cent from 195.2 rakes per day on a same quarter comparison of last year. Commenting on the issue, a CIL Official told the media, "Constant coordination and synergising the efforts with Railways, with the help of the Ministry of Coal, witnessed t

RBI to sell four dated government sec for Rs 15,000 cr on November 17

The Reserve Bank of India on Monday said it would auction four dated Government of India securities for Rs 15,000 crore on November 17, 2017. “The auction will be conducted using multiple price method,” RBI said in a notification. Subject to the limit of Rs 15000 crore, being total notified amount, GoI will have the option to retain additional subscription up to Rs 1000 crore agains

Apply same data protection rules on OTTs: Telcos to Trai

Large operators including Airtel and Idea Cellular have argued that stringent data protection rules applicable to them should also apply 'equally and uniformally' to other players like over-the-top (OTT) apps, reported PTI. They said this in response to the Telecom Regulatory Authority of India's (Trai) discussion paper on privacy, security and ownership of data in the sector.

Bullet train project part of India`s develop plans: Piyush Goyal

Railway Minister Piyush Goyal defended the Centre's decision to launch bullet train project in India, stating that it was part of the country's developmental plans, reported PTI. He was replying to a query on Quora, a website where users ask questions and invite answers from the online community - "Does India actually need a bullet train"? Goyal, who has an active presence on

India, Canada agree to expedite finalisation of free trade pact

 India and Canada on Tuesday agreed to work towards an early conclusion of a proposed bilateral free trade agreement, with New Delhi highlighting the importance of services under such a deal, an official statement said.

The proposed Comprehensive Economic Partnership Agreement (CEPA) figured in the discussions between India's Commerce Minister Suresh Prabhu and Canadian Minis

Northeast to get India`s first air dispensary: DONER Minister

The northeast region will get India's first Air Dispensary, Minister of Development of North East Region (DONER) Jitendra Singh said on Monday.

For the air dispensary, which will be based in a helicopter, the government has contributed Rs 25 crore as initial funding.

"For quite a few months, the DoNER Ministry had been exploring the idea of introducing a helicopter-

Foreign tourist arrivals rise by 18% y-o-y in October

The Ministry of Tourism on Monday reported an 18.1 per cent increase in the number of foreign tourist arrivals (FTA) in October this year, as compared to the corresponding period last year. According to Nationality-wise, Port-wise data received from the Bureau of Immigration (BOI), the Ministry noted that the number of FTAs in October 2017 was 8.76 lakh, while that of October 2016 was 7.42 lakh

No commitment from Telangana for Hyderabad Metro cost overrun

 The Telangana government has not committed to bear the cost overrun of the Hyderabad Metro, whose first phase will be inaugurated later this month, a senior cabinet minister said on Monday.

Minister for Urban Development K.T. Rama Rao told the state legislative assembly that Larsen & Toubro (L&T) in its correspondence with the state government mentioned about the cost ov

Railways to use GPS-enabled fog safety devices

 In a bid to ensure timely running of trains during winter, the Railways has planned to use GPS-enabled fog safety devices in the trains to alert the loco pilot about approaching signals.

A railway official told IANS that plans were afoot to use the GPS-based devices in trains that would provide advance warning.

The official said that the Railways has provided about 2,4

India Inc opposed to any reservation in pvt sector: Assocham

India Inc is opposed to any move to bring in reservation in the private sector as it would certainly create a big dent in the country's investment climate and negate the perception advantage given by a jump in the World Bank ease of doing business index, a top industry body said on Monday.

"At a time when the Indian economy is seeking positive triggers for growth revival, any

Government launches BharatNet Phase II, telcos give cheques to participate in project

The government on Monday launched Phase II of BharatNet project through which it aims to provide high-speed broadband connections to all panchayats by the end of 2019.

Major telecom players like Reliance Jio, Bharti Airtel, Idea Cellular and Vodafone India have given cheques to the government to hire infrastructure in gram panchayats (GPs) to provide broadband services.

Jio

IT spend by banks, security firms to cross $9 bn: Gartner

IT spending in Indian banking and securities firms is expected to grow by 11.7 per cent to reach USD 9.1 billion this year, driven by investments in digital payments infrastructure, Gartner said today. The transition of the Indian banking sector to a cashless society is creating many opportunities of technology investments into digital payments infrastructure, the research firm said in a report

Modi visits rice research centre in Philippines

Prime Minister Narendra Modi on Monday visited the International Rice Research Institute (IRRI), a premier research organisation dedicated to reducing poverty and hunger through rice science at Los Banos in the Philippines.

The institute works on improving the health and welfare of rice farmers and consumers and protecting the rice growing environment for future generations.