TRAI issues recommendations on network testing, suggests 90 day test period

The Telecom Regulatory Authority of India (TRAI) on Monday issued recommendations on "Network Testing before Commercial Launch of Services".

"A TSP (Telecom Service Providers) has to ensure that its service meets the Quality of Service (QoS) standards prescribed by the Department of Telecommunications (DoT) and TRAI. Therefore, it is important that all applicable system

Use discretion fairly, reasonably: Jaitley to investigating agencies

Finance Minister Arun Jaitley on Monday asked investigating agencies to use their power of discretion in a fair and reasonable manner to deliver better conviction rates "which would then serve as a deterrent".

He said that investigation agencies, not just on the revenue front, often start off with "very tall claims" during the detection of offences, but as the inve

India, Germany ink loan agreements

India and Germany on Monday signed a series of financial agreements, including one for an 200 million euro loan for an environment-friendly urban mobility project.

The inter-governmental umbrella agreement for the various funding projects were signed here, a Finance Ministry release said.

"The Government to Government umbrella agreement was signed here today (Monday) to

Fitch lowers 2017-18 growth projection to 6.7%

 International ratings agency Fitch on Monday lowered the country's GDP growth projection for 2017-18 to 6.7 per cent.

According to Fitch's December Global Economic Outlook (GEO), the global ratings agency reduced the growth forecast for the fiscal year to end-March 2018 (FY18) to 6.7 per cent from 6.9 per cent.

"The Indian economy picked up in 3Q17, with G

No contract employees for cleaning jobs: Minister

 Delhi Labour Minister Gopal Rai on Monday said that workers should not be employed on a contract basis for jobs which are permanent in nature like cleaning, security and clerical work.

Rai said that the Delhi Advisory Contract Labour Board was formed last month to address problems faced by contractual employees and its first meeting will be held on December 20.

The boa

India`s domestic passenger traffic rises over 20% in October: IATA

India's domestic passenger traffic grew by 20.4 per cent in October, a global airline association said on Monday.

According to the International Air Transport Association (IATA), India's domestic demand -- revenue passenger kilometres (RPK) -- was highest amongst major aviation markets like Australia, Brazil, China, Japan, Russia and the US.

The IATA data showed that

Rajasthan government employees plan massive protest over 7th Pay Commission implementation

Angry Rajasthan state government employees have planned massive protests in district headquarters across the state on December 13, when the Vasundhara Raje government celebrates four years in office, to press their demands, including implementing recommendations of the Seventh Pay Commission from January 1, 2016 instead of January 2017.

The state government had on December 2 this year

15th Finance Commission holds first meeting, to seek inputs from all stakeholders

 The 15th Finance Commission on Monday decided to expeditiously hold wide-ranging consultations with all stakeholders on national, state and grassroot levels to "suitably address" the wide-ranging terms of reference it has been assigned.

It also recognised the need to undertake analytical papers, analysis from leading research organisations and seek academic inputs and

Pensioners` body bats for Rs 7.5k minimum monthly pension

Nearly 1 lakh members of a pensioners' body are set to stage a protest march to Parliament on Thursday, pressing for a set of demands, including Rs 7,500 minimum monthly pension. The EPS-95 National Agitation Committee is pushing for a minimum pension of Rs 7,500 under the Employees Pension Scheme 1995 (EPS-95) for the retired staff throughout India. Currently, EPS-95 provides for a minimum

DoT imposes Rs 2.5 cr penalty on Tikona Digital

The DoT has said that it has imposed a penalty of Rs 2.5 crore on Tikona Digital for delay in network roll out of wireless broadband service in Rajasthan, while clearing its spectrum deal with Bharti Airtel which has bought the company. As per reports, the Department of Telecom (DoT) has imposed the penalty using its discretionary powers as per the rules similar to 3G networks. Tikona was able

Odisha to construct river bridge if Centre not serious: Chief Minister

Odisha Chief Minister Naveen Patnaik on Monday said his government will construct the second bridge over the Brahmani river in Rourkela if the Centre did not show seriousness in carrying out the construction.

The Chief Minister assured a delegation that he will again take up the matter with the Union government.

"If they (Centre) are not serious, the state government wi

`India, Japan, Africa cooperation reflects our outreach philosophy`

 In line with India's philosophy, the government is committed to reach out as widely as possible to the world and trilateral cooperation between India, Japan and Africa is an expression of this policy, Minority Affairs Minister Mukhtar Abbas Naqvi said on Monday.

Addressing industry chamber Assocham organised trade and investment forum here on "India-Africa Trade@2020 an

Credit cost overhang to remain for MFIs till 3 quarters: India Ratings and Research

Microfinance institutions (MFIs) with significant exposure to the States worst affected by demonetisation such as Maharashtra, Uttar Pradesh, Madhya Pradesh, Uttarakhand and Karnataka would continue to face stress over the next three quarters, believes India Ratings and Research (Ind-Ra). However, Ind-Ra estimates that 50 per cent-70 per cent of the stress has been recognised by 1HFY18.

9 lakh senior citizens give up ticket subsidies: Reports

The Indian Railways has said that around nine lakh senior citizens have voluntarily given up their ticket subsidies under the give up scheme of the Railways, thereby helping it to save around Rs 40 crore. Under the scheme launched last year, senior citizens had the option to either avail the full concession provided to them on rail tickets or forgo the entire amount. This year, a new option was

AYUSH industry may create 26 mn jobs by 2020: Suresh Prabhu

The AYUSH industry is expected to grow in double digits and provide direct employment to 1 million people and indirect jobs to 25 million persons by 2020, Union minister Suresh Prabhu said today. The government is eyeing a three-fold increase in the AYUSH sector by 2022. AYUSH stands for traditional systems of medicine and healthcare such as Ayurveda, Yoga and Naturopathy, Unani, Siddha and Hom

Regulatory regime for airports still evolving: Moody`s

Rating agency Moody's has said that the regulatory regime in India for airports is still quite new and evolving, posing credit challenges for the aerodromes. Moody's Investors Service further said it expected large airports in India to bring forward plans to expand capacity to meet the growing demand.

With high double-digit growth in domestic air traffic for the past couple of

US companies commit continued investments in India

Representatives of around 45 American companies met Prime Minister Narendra Modi at this year's Global Entrepreneurship Summit (GES) in Hyderabad and expressed their commitment to continue investing in India, a top Indian American business leader has said.

These representatives were part of a delegation of the US India Strategic Partnership Forum (USISPF), a newly set-up non-profi

Media, entertainment will generate 4 mn jobs in 5 years: Report

The media and entertainment industry will be able to generate both direct and indirect employment of four million jobs in the next four to five years, according to a report.

The finding is part of the CII-BCG Report Media and Entertainment - The Nucleus of India's Creative Economy, to be released at the CII Big Picture Summit 2017 on Tuesday.

The sixth edition of the Sum launches career, courses marketplace

Online job portal has launched a career marketplace 'Shine Learning' that seeks to bridge the gap between talent and employment opportunities. The platform will offer more than 500 courses based on industry demands in line with various skill sets. The platform will use an algorithm that not only forecasts emerging skill sets but also recommends courses to candidates after anal

Government proposes to register only BS-VI vehicles from June 2020

In a bid to curb emissions from the vehicles based on outdated technology, the Central government has proposed to set the registration deadline for BS-IV standard vehicles to June 30, 2020.

While the government had already ordered the implementation of the Bharat Standard-VI compliant cleaner transport fuels across the nation by April 2020 and by April 2018 in Delhi, it has now invite

Indian firms in Germany generated Euro 11 bn revenue in 2016: CII

Around 80 Indian companies in Germany employing a total workforce of 27,400 generated combined revenues of Euro 11.4 billion in 2016, the Confederation of Indian Industry (CII) said on Sunday citing its joint study conducted on the matter.

Based on interviews with leading Indian chief executives, the study, done by the Bertelsmann Foundation, Ernst & Young (EY) and CII, showed tha

Crowd-sourcing, Google help Railways showcase its heritage

 In partnership with Google, the Railways has undertaken an elaborate crowd-sourcing exercise to create a digital repository of its rich heritage and provide passengers a free virtual tour.

In a pilot project, Google Cultural Institute has deployed six video screens at Chhatrapati Shivaji Maharaj Station (CSTM) in Mumbai showcasing the national transporter's rich history

Alternate management can takeover stressed units under IBC: Minister

Union Steel Minister Chaudhary Birender Singh has said that government's new Insolvency and Bankruptcy Code provides possibility of takeover of financially stressed units by alternate efficient management.

According to a statement released by the Steel Ministry on Saturday, he made these comments at the global forum on the excess steel capacity held at Berlin on November 30.<

Punjab, Haryana procure nearly 249 lakh tonnes of paddy

Punjab and Haryana have procured nearly 249 lakh tonnes of paddy so far, officials from the Food and Supplies Department said here on Saturday.

Punjab has procured nearly 179 lakh tonnes of paddy while neighbouring Haryana saw an arrival of 70.5 lakh tonnes of paddy, which is the highest ever.

Government agencies have procured 98.5 per cent of the paddy arriving in the grain

EY appointed transaction advisor for Air India`s divestment: Jayant Sinha

The government has appointed consultancy firm EY as the transaction advisor for the strategic divestment of its stake in national passenger carrier Air India.

According to the Minister of State for Civil Aviation Jayant Sinha on Friday, the firm has been appointed to aid the government in the strategic divestment of the national carrier.

In September, the Department of Inves