Digital India programme to provide 20-30% growth in India's GDP: Alphons

The Digital India programme has the potential to provide an incremental 20-30 per cent increase in Indias GDP by 2025, K.J. Alphons, Minister of State for Electronics and IT, said on Thursday.

Several of the flagship projects under the programme have now moved from the planning phase to the execution phase. The progress made in these projects and across the three vision areas of Digit

Online sales may surpass Rs 30k cr in festive month: Assocham

Driven by the festive fervour, online shoppers may splurge over Rs 30,000 crore on goods like mobile phones, electronic gadgets, consumer durables, apparel and home appliances during the festive season leading to Diwali, according to Assocham.

"The rise of high-speed internet has enabled more people from smaller towns to come online and buy goods this year. Moreover, rising smart

Government to provide better air connectivity to Rajasthan: Minister

Union Minister of State for Civil Aviation Jayant Sinha has said that the planning to provide better air connectivity to Rajasthan to boost domestic and foreign tourist arrivals in the state. Commenting on the issue, Union Minister of State for Civil Aviation Jayant Sinha told the media, “The government is aiming at providing air connectivity to all major cities of the state.


Cabinet okays change of status for marine body IALA

The Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday gave its approval for International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA) to change its status from Non-Governmental Organization (NGO) to Inter-Governmental Organization (IGO). The move will facilitate “to foster the safe, economic and efficient movement of vessels".

Cabinet nod for India-Japan MoU on LNG market, technology

In another move to boost natural gas use in India, the Union Cabinet on Wednesday approved signing of an agreement with Japan towards joint development of a liquid and flexible LNG market and sharing technical knowhow in the area.

"The Memorandum of Cooperation (MoC) between India and Japan provides a framework to cooperate in facilitating flexibility in LNG contracts, aboli

Pradhan launches IGL`s prepaid card for CNG purchase

 Launching prepaid cards to fill CNG for fleet and retail customers in the National Capital Region (NCR), Petroleum Minister Dharmendra Pradhan on Wednesday said if the Delhi government permitted thermal power plants to switch to gas, the capital's citizens would benefit from both cheaper power and less pollution.

"If the Delhi government runs the Bawana gas-fired p

Tripartite agreement to build two sewage treatment plants on Ganga

A tripartite agreement between National Mission for Clean Ganga (NMCG), state level executing agencies Uttarakhand Pey Jal Nigam and Uttar Pradesh Jal Nigam and the private entities for setting up of sewage treatment plants (STPs) at Haridwar and Varanasi was signed on Wednesday.

Union Water Resources, River Development and Ganga Rejuvenation Minister Nitin Gadkari, who was present on

Offshore work contracts for oil, gas exploration to attract 12% GST: Government

 While works contract services relating to oil and gas exploration in the offshore areas beyond 12 nautical miles shall attract 12 per cent GST, the transportation of natural gas through pipeline will attract 5 per cent GST without input tax credit, Finance Ministry said on Wednesday.

"Offshore works contract services and associated services relating to oil and gas explorati

Indian travel industry poised to create 1 million jobs

With growth in international arrivals in India, there would be a creation of approximately one million additional jobs, according to a World Economic Forum (WEF) report.

As India prepares to launch the Incredible India 2, the report put forward few recommendations, including the importance of public-private cooperation in its execution, and suggesting that advantage be taken of t

Government appoints two new Railway Board members

The government today appointed M K Gupta and D K Gayen as the two new members in the Railway Board. The Appointments Committee of the Cabinet (ACC) approved the appointment of Gupta, presently General Manager, Modern Coach Factory Raibareli, as member (engineering) in the Railway Board, a government notification said.

The vacacny arose on September 1 this year on the superannuation of

Flag pending decisions to Railway Board: Goyal to railway zones

 In a bid to ensure safety of passengers, Railway Minister Piyush Goyal on Wednesday said he has asked all zones to immediately flag "pending decisions" to the Railway Board.

He said the September 29 tragedy at the Elphinstone Road railway station in Mumbai was a wake-up call for the railway officials.

"After the stampede at the Elphinstone Road

Green building projects in India growing 20-30% annually: USGBC

Green building projects in India are growing at the rate of 20-30 per cent on a year-on-year basis, a US Green Building Council (USGBC) official said on Wednesday.

"This trend provides a huge opportunity for all stakeholders, including us. Yearly, close to 500 new projects are registered in our certification process," USGBC's Regional Director (Asia Pacific and Middle Ea

Nisha Biswal to head US-India Business Council

 Nisha Biswal, a former US Assistant Secretary of State for South and Central Asian Affairs, will head the US India Business Council (USIBC), according to an official announcement.

"We are thrilled to welcome Nisha Biswal to the US-India Business Council and to the US Chamber team," said Myron Brilliant, US Chamber executive vice-president and head of International

Government lost high moral ground after defending Jay Shah: Yashwant Sinha

Dissident BJP leader Yashwant Sinha on Wednesday slammed the government for defending party chief Amit Shah's son Jay Shah over allegations hurled against him and said it had thus lost its high moral ground.

"I don't want to comment on the merit of the case as it is a matter of investigation but I would like to say the manner in which a central minister jumped into the fr

Airtel, Karbonn Mobiles tie up to offer 4G smartphones

Bharti Airtel and Karbonn Mobiles on Wednesday announced their partnership to bring affordable 4G smartphones to the market, effectively at the price of a feature phone, a joint statement said here.

"Under the partnership, the Karbonn A40 Indian now comes at an effective price of just Rs 1,399 (compared to its current market price of approximately Rs 3,499). The 4G smartphon

IBBI seeks public comment on Draft Insolvency and Bankruptcy

The Insolvency and Bankruptcy Board of India had constituted a Working Group to recommend the strategy and approach for implementation of the provisions of the Insolvency and Bankruptcy Code, 2016 dealing with insolvency and bankruptcy in respect of guarantors to corporate debtors i.e. personal guarantors, and individuals having business and submit a report along with Draft Rules and Regulation

RBI slaps Rs 5 lakh fine on The Needs of Life Co-operative Bank

The Reserve Bank of India has imposed a monetary penalty of ? 5.00 lakh (Rupees Five Lakh only) on The Needs of Life Co-operative Bank Ltd, Fort, Mumbai. The penalty is for violations of the directives / guidelines of the Reserve Bank of India relating to the prohibition on loans and advances to Directors and their relatives and the concerns in which they were interested through sanction of uns

Power Minister reviews power sector development in Jammu & Kashmir

Union Minister of State for Power and New & Renewable Energy, R.K. Singh reviewed power sector development in the State of Jammu & Kashmir in Srinagar on Tuesday. During the review, Singh reiterated the commitment of Government of India to provide uninterrupted reliable power supply to all the citizens of the country including Jammu & Kashmir and advised all concerned to ensure elec

Railways inks deal with Germany for high-speed trains

A Joint Declaration of Intent was signed between Ministry of Railways and Germany on 10th October, 2017 in Rail Bhavan in the presence of Ashwani Lohani, Chairman, Railway Board regarding carrying out of feasibility study on existing Chennai-Kazipet corridor of Indian Railways by German Railways for increasing the speed of passenger trains to 200 kmph on 50.50 percent cost sharing basis.

India looks for business models to diversify electricity generation

India is looking for new business models to diversify its electricity generation by combining gas and renewables and energy storage, says Dharmendra Pradhan, Minister of Petroleum and Natural Gas, at India Energy Forum – CERAWeeK in New Delhi on Tuesday. The Minister said that energy is at the center of our government‘s development strategy.

I would like to cite two exampl

Government to create funds for inter-linking river projects: Minister

Union minister Nitin Gadkari has said that the government is planning to create a large fund for projects related to inter-linking of rivers as they require massive investments. The minister for water resources, river development and Ganga rejuvenation said his ministry will move a proposal in the Union Cabinet - comprising 285 irrigation projects planned to be taken up next year - to provide i

PE/VC investments register record high at $8.7 bn in Q3 2017

 Private equity and venture capital (PE/VC) investments increased 180 per cent in value terms to a record $8.7 billion during the third quarter of the year (Q3 of 2017) on the back of some large deals, a report said on Tuesday.

According to EY's quarterly PE tracker for July-September 2017, PE/VC investments stood at $8.7 billion compared with $3.1 billion during the sam

NITI Aayog working on Digital Transformation Index

NITI Aayhog is working on a Digital Transformation Index for start-ups in the country, an official said on Tuesday.

"NITI Aayog is working on a Digital Transformation Index for start-ups," its Officer on Special Duty Aalekh Sharan said, 

Digital Transformation Index (DTI) is a tool used for gauging how well one helps an organization grow and thrive i

OMCs won`t negotiate on fuel dealers` discipline rules: Official

The government is not going to back down on the new marketing discipline guidelines being opposed by petroleum dealers who have called a one-day strike later this week, a senior state-run oil company official said on Tuesday.

Dealers are protesting marketing guidelines amended by public sector oil marketing companies (OMCs), which introduce stringent penal action for offences inv

Government to focus on setting up mini food processing units

The government is focussing on creating mini food processing units across the country to encourage farmers to produce high-quality farm output, Food Processing Industries Minister Sadhvi Niranjan Jyoti said here on Tuesday.

"There is a need to set up mini food processing units in large numbers as that would encourage farmers to produce high-quality farm output," she sai