Cabinet approves signing of air services pact with Georgia

The Cabinet has approved signing of air services agreement (ASA) with Georgia, which will help in establishing air connectivity between the two countries. ASA is the basic legal framework for any air operation between two countries. The agreement will help establish air connectivity between the two nations and has the potential to spur greater trade, investment, tourism and cultural exchange, a

Railways to use renewable energy in big way: Reports

The Indian Railways has said that it plans to use renewable energy in a big way and is looking to add 1,000 MW of solar and 200 MW of wind energy. As per reports, Prabhu along with Power Minister Piyush Goyal also launched a new report, which said Railways can draw up to 25 per cent of its electric power needs from renewables and achieve the target of 5 GW of solar power by 2025.

Comm

Government clears India-France pact in civil aviation: Reports

The Indian Government has said that the Cabinet has cleared the pact between the Airports Authority of India (AAI) and France's DGAC for technical collaboration in the civil aviation space. As per reports, the memorandum of understanding (MoU) would be between AAI and Civil Aviation Authority (DGAC). Commenting on the issue, a Government Official told the media, “The pact will be bene

There should be single rate of power for steel sector: Aruna Sharma

Steel Secretary Aruna Sharma raised concerns over high power tariff and called for a single rate of electricity across the country for the sector, said media reports. As per reports, the ministry is discussing with the Chhattisgarh government to seek concessional rate of electricity for the sector in the next fiscal also. The Chhattisgarh government's concessional power tariff ended in Marc

India`s steel exports up by 57%: Reports

The Indian Government has said that India's steel industry has come out of the stress, with the exports going up by 57 per cent and imports declining by 34 per cent. Commenting on the issue, Steel Minister Chaudhary Birender Singh told the media, “The country's steel output is at around 120 million tonnes and the government is aiming to achieve 300 million tonnes by 2030.” &

India services activity expands again in March, index reaches five-month high

BENGALURU  - India's services industry in March continued to recover from November's shock big currency-note ban, with business activity expanding for a second month and at a faster pace, a private business survey showed on Thursday.

The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 51.5 in March, its highest level since October, from

1.34 lakh cr approved for smart cities but development won't occur overnight: M Venkaiah Naidu

Union urban Development Minister M. Venkaiah Naidu on Wednesday said that Rs 1.34 lakh crore have been approved for the Smart City plan encompassing0 60 cities, but stressed their development won't happen overnight.

"Around Rs 1.34 lakh crore have been approved on the smart city plan for 60 cities but these smart cities cannot be built overnight. I am not a magician. They nee

Government to soon start auction process for commercial coal mines

The government may soon start the process of commercial coal mine auction as it waits for feedback on the discussion paper floated by the coal ministry, reported PTI. These mines will not have any restriction on the end use of the dry fuel. Besides, the private miners will have freedom to manage production, pricing and marketing strategy. "We have recently put out a draft on commercial min

India, Bangladesh hold 97% renewable energy market: Report

Five countries, including India and Bangladesh, lead the world in solar home lighting systems and the two south Asian nations together account for 97 per cent of the renewable energy market in the region, says an international body report.

The other three leading countries are Kenya, Tanzania and Ethiopia -- all in Africa.

Quoting cumulative sales data compiled by the Global

Sonalika ITL tractor sales up 19.6% in FY17

Tractor maker Sonalika ITL today reported its best ever annual sales at 81,531 units, registering a growth of 19.6 per cent in 2016-17, reported PTI. During the year, the company sold 69,290 units in the domestic market, clocking an increase of 18 per cent from the previous fiscal, Sonalika ITL said in a statement.

Exports in FY17 grew by 29.3 per cent at 12,241 units, it added. In Ma

Railways plan to plant 5-cr saplings: Suresh Prabhu

The Railways have planned to plant five crore saplings by 2019-20 on railway land along the tracks with close cooperation of the state governments, Lok Sabha was informed according to the PTI report. Railway Minister Suresh Prabhu said the initiative has been taken in pursuance of the Railways' commitment towards environmental improvement and sustainable development.

"Railway

Railways developing 400 `A-1`& `A` category stations

Railways have planned to redevelop about 400 'A-1' and 'A' category stations, including Delhi, with private participation, Lok Sabha was informed as per the PTI report. Railway Minister Suresh Prabhu said the Railways have advertised its plan for about 400 'A-1' and 'A' category stations which are generally located in major cities and important tourist destinatio

Railways get strict with food contractors violating norms

Cracking down on errant caterers, railways have terminated a food contract and blacklisted 16 contractors besides collecting a fine of Rs 1.8 crore in 2,108 cases related to food complaints in the last one year. In its endeavour to provide quality and hygienic food to passengers, railways have developed and operationalised an institutionalised mechanism for monitoring of quality and hygiene of

Housing prices rises 8.3% in Q3: RBI

The average housing prices rose by 8.3 per cent during the third quarter of last fiscal in major cities with Lucknow witnessing maximum rise of 19.3 per cent, according to RBI data. According to the RBI’s quarterly House Price Index (HPI), the all India index for the October-December quarter of 2016-17 rose to 240.2 from 221.7 in the year-ago period.

The index is based on transa

India turns to local coal for planned 4,000 MW Tamil Nadu project

NEW DELHI  - India will use domestic coal for its proposed 4,000 megawatt power project in Tamil Nadu, instead of imported it, Coal Minister Piyush Goyal said on Wednesday, as the south Asian nation seeks to cut its overseas purchases.

He said the state power minister has agreed for use of domestic coal for the project.

(Reporting by Sudarshan Vardhan;

Government to announce next set of 40 smart cities by June end

The Urban Development Ministry will announce by June-end the next set of 40 cities for central funding under the Narendra Modi government's flagship scheme Smart City Mission. Launched on June 25, 2015, the mission aims to develop 100 smart cities across the country in a five-year period. The government has earmarked Rs 48,000 crore for the development of these cities.

Under the p

Railways to set up new terminal in Gurugram: Reports

The Indian Railways has said that a new rail terminal, having world-class facilities, will be set up in Gurugram to reduce the mounting pressure on Delhi. Commenting on the issue, Railway minister Suresh Prabhu told the media, "The work on this project will start soon. Besides, Rohtak railway station will be developed as a model station under public-private-partnership (PPP) mode."

Government launches 1st expressway project in northeast region

The Indian Government has said that the first express highway project in the northeast region will be developed along the Brahmaputra river in Assam at an estimated investment of Rs 40,000 crore. Commenting on the issue, Union Road Minister Nitin Gadkari told the media, "Northeast is our priority. We are going to develop the first express highway of North East in Assam along the banks of B

Government releases highest ever LPG connections in 2016-17

Pushed by the Bharatiya Janata Party (BJP) -led government's flagship programme Pradhan Mantri Ujjwala Yojana (PMUY), oil marketing companies released the highest ever number of liquefied petroleum gas (LPG) connections in 2016-17, adding 32.5 million connections in the year. The connections released includes 20 million under PMUY scheme, while 12.5 million connections were released outside

Government steps up Delhi metro security after Russia metro blast

The Indian Government has said that security measures in the Delhi Metro have been put on maximum alert with commuters made to undergo a thorough frisking in the wake of an explosion in a subway train in Russia that killed at least 10 people. Commenting on the issue, a Government Official told the media, “The Central Industrial Security Force (CISF), tasked to secure over 150 stations of

Railways commissions 2,855 km long new lines: Reports

The Indian Railways has said that it has commissioned 2,855 km long new lines and eliminated 1,503 unmanned level crossings in the 2016-17 fiscal. Besides, the public transporter has also exceeded its electrification target by completing more than 2,000 km route from April, 2016 to March 31, 2017.

Commenting on the issue, a Rail Ministry Official told the media, "Since unmanned l

NCLT reserves order on Cyrus Mistry's waiver plea

The apex corporate tribunal on Tuesday reserved its order on a plea filed by Cyrus Mistry's investment companies to waive off a regulatory bar on them so that they can continue their legal suite against the Tata Sons.

The National Company Law Tribunal (NCLT) here reserved its order on the plea till April 17, 2017.

Last month, the NCLT had ruled that the original petition

Uttar Pradesh waives farm loans, to shut some illegal abattoirs

NEW DELHI  - India's most populous state, Uttar Pradesh, said on Tuesday it was waiving $5.6 billion of loans to help millions of farmers reeling from losses after unfavourable weather in the past few years hit their crops.

Uttar Pradesh has also ordered the closure of 26 illegal slaughterhouses, state health minister Siddharth Nath Singh said, after the firs

Talks with IRDAI fails, truckers to intensify strike

The ongoing strike by the truck owners is set to further intensify, resulting in rise in prices of essential items, following failure of the talks with the insurance regulator at Hyderabad on Monday, a motor transport union official.

"There was no commitment on the part of the Insurance Regulatory and Development Authority of India (IRDAI) to reduce the hike in third party premiu

Samsung officials meet Yogi Adityanath, discuss investment

A five-member delegation of Samsung India called on Uttar Pradesh Chief Minister Yogi Adityanath and apprised him of problems faced by the company as well as conveyed their willingness to partner in the state's development.

The delegation led by Samsung South-Asian President and Chief Executive Officer H.C. Hong met the Chief Minister as well as Industrial Development Minister Sat