Unruly air passengers to face severe action: Jayant Sinha

The civil aviation ministry has warned that unruly air passengers will face severe consequences including police action, a day after Air India lifted the flying ban on Shiv Sena MP Ravindra Gaikwad, said media reports. As per reports, Gaikwad was barred by Air India and leading private carriers after he assaulted a staffer of the national airline at the Delhi airport last month. Commenting on t

Railways to electrify 4000 km route in current Fiscal Deficit: Reports

The Indian Railways has said that it has stepped up efforts to electrify 4000 km route in the current fiscal, a big jump from the last year's target of 2000 km. As per reports, the pace of electrification has gained traction as the railways has rolled an action plan to drastically decrease the use of diesel in order to reduce energy cost and greenhouse gas emission. Currently, only 42 per c

Irdai asks insurers to appoint data security officer by April 30

Insurance firms will have to mandatorily appoint a chief information security officer by April 30 whose main job would be ensuring data protection. This is part of sector regulator Insurance Regulatory and Development Authority of India (Irdai) cyber security guidelines that will be implemented in series, the first phase of which begins on April 30 and complete a full circle by end-March 2018.<

826 housing projs in India facing delay of up to 4 yrs: Report

Much to the discomfort of home buyers, as many as 826 housing projects in the country are facing long delays of about three to four years, a study said. Over 2,300 real estate projects were being developed at the end of December 2016 and out of that 826 housing and 60 commercial projects were facing significant delays, according to a study by industry body Assocham.

The maximum delay

FY17 equity Mutual Fund inflows drop by 27% to Rs 51,000 cr on market volatility

Mutual fund managers' investment in equities declined by 27 per cent to over Rs 51,000 crore in 2016-17 due to volatility in stock markets. However, fund houses are upbeat about the industry's performance in the new financial year (FY) while expecting investment from new investors to fuel the growth of the sector.

As per data released by the Securities and Exchange Board of In

IndiGo operates 900 flights a day, sets industry record

Budget passenger carrier IndiGo on Saturday said that it flew 900 flights on April 7, 2017, setting the record for operating the highest number of flights ever by an Indian airline in the history of Indian civil aviation sector.  "We at IndiGo are thrilled on having flown 900 daily flights for the first time yesterday. Now the team is excited to reach the 1000 flight milestone,"

Lok Sabha takes up Bill for hefty penalties for road accidents

A draft legislation to amend the Motor Vehicles Act to impose higher penalties for traffic rule violations and to protect Good Samaritans from legal harassment was taken up by the Lok Sabha on Friday.

The bill proposes hefty penalties for various traffic offences, three-year jail term for parents of minors caught driving and causing fatal accidents, and a ten-fold increase in compensa

`India will see huge upsurge in urbanisation`

The process of urbanisation has ended in the US and Europe, while India will see a huge upsurge in urbanisation, says Amitabh Kant, CEO, NITI Aayog (National Institution for Transforming India).

During a session at The Taj Luxury Symposium 2017 here on Friday, Kant said luxury brands like BMW and Mercedes are doing well in the country.

Talking about digital platforms transfo

Railways earn Rs 228 crore more on child fare

The Railways earned Rs 228 crore more by charging full adult fare from children in the reserved class in the fiscal 2016-17, Rajya Sabha was told today. Railways earned total Rs 914 crore from child passengers between April 21, 2016 and March 20, 2017 as against Rs 686 crore during the same period the previous year. Children, between 5 and 12 years of age, for whom berth is sought at the time o

TRAI urges govt to implement BharatNet in PPP mode

To make broadband a core utility to citizens, the Telecom Regulatory Authority of India (TRAI) has recommended to the Government of India to implement BharatNet in the PPP mode to connect 2,50,000 gram panchayats across the country. The telecom authority has also been suggested that the digitized TV framework which has come up in the country in a big way should be upgraded to provide broadband

Government seeks $5600 mn ADB loan for 21 road projects

For taking up various national highway projects, particularly involving connectivity with neighbouring countries, loan funds from Asian Development Bank (ADB), Japan International Cooperation Agency (JICA) and other multilateral agencies is arranged as per standard borrowing terms of Government of India, says the minister of state for road transport and highways Pon. Radhakrishnan in written re

544 ULBs signs MoU with EESL for led street lights

544 Urban Local Bodies (ULBs) have entered into an implementation agreement with Energy Efficiency Services Limited (EESL) for replacement of street lights with LED street lights till April 03, 2017, says Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines in a written reply to a question in the Lok Sabha. The minister further stated that the target is

Government seeks public comments on commercial coal mining

In a bid to prepare the modalities for allocation of coal mines through auction for sale of coal by private companies, a discussion paper containing proposed eligibility conditions and proposed methodology has been prepared in the first instance to consult the stake holders, says Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines in a written reply to

Jio complementary offer not in sync with regulations: Trai

Trai Chairman R S Sharma said the telecom regulator has advised Reliance Jio to stop 'complimentary' service offer as it was not in accordance with the regulatory framework, reported PTI. "We examined it and found that it was not in accordance with regulatory framework, so we advised them to stop it," Telecom Regulatory Authority of India (Trai) Chairman R S sharma told PTI.

India topped domestic aviation market growth in Feb: IATA

India topped the global charts in domestic air passenger growth for the 23rd straight month in February, helped by strong demand and increased load factor, IATA said as per the PTI report. In February, the country's growth in revenue passenger kilometres (RPK) stood at 17 per cent. Globally, RPK -- an indicator of passenger growth -- declined to 4.8 per cent during the same period. Load fac

Global M&A deal tally touches $678 bn in Jan-Mar: Report

Global merger and acquisition activity got off to a good start this year with deals worth USD 678.5 billion announced in the first quarter, a rise of 8.9 per cent over last year, says a Mergermarket report. According to the global deal tracking firm, there were 3,554 deals worth USD 678.5 billion announced in January-March quarter of this year, while in the corresponding period last year there

CCI nod for Jabil India-Ericsson India pact, 2 other deals

The Competition Commission has approved three deals, including Jabil India's proposed acquisition of Ericsson India's electronic manufacturing services business. In a tweet, the CCI said it has approved the "acquisition of Ericsson India's electronic manufacturing services business by Jabil India". As per the notice submitted to the regulator, Jabil India will acquire Eric

India sees good domestic aviation mkt growth in Feb: IATA

India topped the global charts in domestic air passenger growth for the 23rd straight month in February, helped by strong demand and increased load factor, IATA said. In February, the countrys growth in revenue passenger kilometres (RPK) stood at 17 per cent. Globally, RPK -- an indicator of passenger growth -- declined to 4.8 per cent during the same period.

Load factor refers to occ

Government aims to generate 36,000 MUs nuclear energy in FY`17

The electricity generation from nuclear power in the last two years i.e. 2014-15 and 2015-16 was 37835 Million Units (MUs) and 37456 MUs respectively. The generation in 2014-15 comprised of 35592 MU of commercial generation and 2243 MU of infirm (non-commercial) generation, while the entire generation in 2015-16 was commercial, says Jitendra Singh in a written reply to a question in Rajya Sabha

RBI to release ``banking outlet`` guidelines by month-end

The Reserve Bank will release by this month end detailed guidelines on "banking outlet", aimed at covering the under-served areas, reported PTI. These will supersede the branch licensing guidelines in force, RBI said in its first bi-monthly monetary policy of 2017-18. "Final guidelines are proposed to be issued on banking outlets, clarifying on what is a 'banking outlet'

Israel eases visa policy for Indian businessmen

Ahead of Prime Minister Narendra Modi's expected visit later this year, Israel on Thursday said it had eased visa policy for Indian businessmen travelling to that country, allowing them multiple entry business visas that will be valid for five years.

An embassy statement quoting Ambassador Daniel Carmon here said the initiative was "part of the growing partnership between Ind

SAIL charts out strategic sales initiative

The Steel Authority of India Ltd (SAIL) has charted out a "strategic sales initiative" to boost the company's performance in 2017-18, an official said on Thursday.

SAIL achieved 12 per cent growth in saleable steel production and sales of over 13 million tonnes during 2016-17.

The company's Chairman P.K. Singh, at a meeting held at its marketing headquarter

Cabinet clears MoU on passenger cruise services

The union cabinet has approved the Memorandum of Understanding between India and Bangladesh on passenger cruise services on the coastal and protocol routes, as per the government release.

The motive behind the agreement was to start regular movement of passengers and tourists in water crafts between the two countries. In a statement, the government said that, “The union cabinet

India's domestic passenger traffic up 17% in February

India's domestic passenger traffic grew by 17 per cent in February, a global airline association said on Thursday.

"India topped the domestic chart for the 23rd month in a row," the International Air Transport Association (IATA) said in its global passenger traffic data.

India's domestic revenue passenger kilometres (RPK) and available seat kilometres (ASK)

Agriculture Ministry signs MoU for geo-tagging of farm land

The Agriculture Ministry and the National Remote Sensing Centre in Andhra Pradesh on Thursday signed a Memorandum of Understanding (MoU) here for geo-tagging of agricultural land.

Union Agriculture Minister Radha Mohan Singh told the media here that the move will help bring about transparency in governance due to real-time monitoring and utilisation of agricultural assets.