Government reviews status of 34 stressed power projects: Reports

The Indian Government has said that it has reviewed status of 34 stressed thermal power projects with an estimated debt of about Rs 1.77 lakh crore. Commenting on the issue, Power Minister Piyush Goyal told the media, "The government has reviewed the status of 34 stressed thermal power projects, as per the list provided by Department of Financial Services (DFS), with an estimated debt of a

Delhi CM launches innovative power transformer for space crunch

In an innovative solution to urban space crunch, Delhi's first 2 MVA distribution transformer was inaugurated on Thursday by Delhi Chief Minister Arvind Kejriwal at a locality here in the jurisiction of BSES, one of the capital's two power distribution companies (discoms).

"After deploying innovative solutions like a Double-Decker sub station, BSES Rajdhani Power Limited

Jio writes to telecom regulator slamming COAI`s views on IUC

Reliance Jio has written to the Indian telecom regulator slamming industry body Cellular Operators' Association of India's (COAI) views on interconnection usage charges when two of its members differed on the matter.

Jio, in a letter dated July 26, said: "A plain reading of the said letter reveals COAI's deliberate and wilful intent to subvert the interconnection usag

2.5% of road fund to be earmarked for national waterways: Centre

 A proposal to earmark 2.5 per cent of the Central Road Fund (CRF) for the development and maintenance of national waterways has been approved, the government informed the Lok Sabha on Thursday.

The Cabinet approval in May will ensure funds for waterways through reduction in the National Highways' share in the CRF cess, Minister of State for Road Transport and Highways Pon Ra

Telecom M&As will result in efficient use of spectrum: Minister

The Indian Government has said that the ongoing consolidation among telecom operators will result in efficient use of spectrum for better services, and six players in each service area will have adequate competition. Commenting on the issue, Communications Minister Manoj Sinha told the media, "After the reported consolidation among the various Indian Telecom Service Providers, there will b

All parties to give objections on Motor bill: Nitin Gadkari

All parties in the Rajya Sabha will give their objections on the proposed Motor Vehicles Bill in writing before a decision can be taken on its fate, according to a decision taken at a meeting, reported PTI. The parties will submit their views to Deputy Chairman P J Kurien by Monday, Minister for Road Transport and Highways Nitin Gadkari said after the all-party meeting held on the bill which ai

Finally, Maharashtra farmers get promised aid

Public sector banks in Maharashtra have finally started disbursing the emergency aid of Rs 10,000 - promised by the state government on June 11 - for the eligible nine million farmers, a top official said on Thursday.

"The work has begun in full swing after a meeting of the Bankers Committee last week. Till now, around 7,000 farmers have been given Rs 10,000. We are confiden

No illegal mines in Goa: Manohar Parrikar

 There are no illegal mines operating in Goa, Chief Minister Manohar Parrikar told the state legislative assembly on Thursday.

Parrikar said this in a written reply to a question tabled by Leader of Opposition Chandrakant Kavlekar, adding that there are 48 operational mines in the state.

The Supreme Court in 2012 had banned the 90 odd mining companies operatio

Xiaomi best-selling smartphone under Rs 10000 category in India

Xiaomi toppled Samsung in the best-seller slot for smartphone models in the under Rs 10,000 segment in the second quarter of 2017, market research firm Counterpoint Research said on Thursday.

The top two positions were grabbed by Xiaomi Redmi Note 4 with 7.2 per cent and Redmi 4 with 4.5 per cent market share, followed by Samsung Galaxy J2 at 4.3 per cent.

"Xi

Railways conducts drive to check ticketless travel: Reports

The Indian Railways has said that it has conducted a special drive to check the malpractices of touting, ticketless travel and misuse of facilities during which 307 touts and 59,115 unauthorised vendors were prosecuted. Commenting on the issue, Railway Minister Suresh Prabhu told the media, “A special drive was launched by all zonal railways from April 1 to June 30 to conduct checks in ma

IRCTC to handle catering services of all trains: Reports

The Indian Railways has said that catering services in all trains with pantry cars will be handed over to IRCTC by the year-end in order to improve onboard food quality. Besides passengers in seven Rajdhani and six Shatabdi trains will have an option for e-catering facility. Commenting on the issue, Railway Board Member (Traffic) Mohd Jamshed told the media, “IRCTC will be given responsib

Cabinet approves changes in Sovereign Gold Bond scheme

The Cabinet has raised the annual investment limit in Sovereign Gold Bonds (SGBs) to 4 kg per individual from 500 gm and relaxed other norms to make them more attractive to buyers. The ceiling will be counted on financial year basis and will include the SGBs purchased during trading in the secondary market, an official statement said after the Cabinet meeting.

According to the stateme

India`s steel production declines by 1.1% in June: Reports

According to the latest report by World Steel Association, India’s crude steel production declined marginally by 1.1 per cent to 7.9 million tonnes (MT) in June. The report also said that the steel output stood at 8 MT in the same month last year. However, the domestic production in the first six months of 2017 increased by 5.3 per cent to 49.48 MT over 46.9 MT in the same period of 2016,

India`s dependence on coal to continue: Reports

A report has said that India's dependence on coal will continue even after three decades from now with an estimated share of 42-50 per cent of the country's energy mix. The report further said that penetration of renewable energy will increase from 3.7 per cent in 2012 to 11-14 per cent in 2047. Commenting on the issue, a Government Official told the media, "India's reliance on

Cabinet approves cost revision of caste census

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved revision of the cost of Socio Economic and Caste Census 2011 (SECC-2011) to Rs 4,893.60 crore from Rs 3,543.29 crore estimated earlier.

The SECC-2011 project concluded on March 31 last year.

"The Cabinet approval provides for revising the cost of SE

Telecom sector revenue decline to impact government`s 2017-18 collections

The declining sales revenue of the telecom players will have an adverse impact on government revenue collection in the form of spectrum usage charges and licence fee in the current financial year, parliament was informed on Wednesday.

"Telecom Industry including state-owned telecom PSUs and major banks have apprised the government about the financial stress in the telecom in

Logistics cost to fall by 20% under GST: Nitin Gadkari

India's logistics sector would gain the most from the Goods and Services Tax (GST) as costs would fall by almost 20 per cent, Road Transport and Highways Minister Nitin Gadkari said on Wednesday.

Logistics parks being set up across the country will enable long haul freight movement which would reduce freight transportation costs and throw open many employment opportunities, a mini

Dubai Airport processes 43 mn passengers in first half of 2017

Passenger traffic at Dubai International (DXB) has surpassed 43 million in the first half of 2017, a traffic report issued by operator Dubai Airports said on Wednesday.

During the first six months, the top country destinations in terms of total passenger volumes were India with 5,943,359 passengers, followed by Saudi Arabia, the UK with 3,064,172 passengers, Pakistan, and 1,561,559 fl

E-commerce sites to disclose food expiry date, MRP

 E-commerce companies will now have to display the expiry dates and maximum retail prices of packaged food products under new rule designed to protect consumers from being sold old stuff.

Ordering packaged food from e-commerce sites has increased many folds, but the absence of manufacturing and expiry dates on such products often led to the product not being fully utilised.

Centre okays Rs 200 crore for Assam`s flood-hit highways

Road Transport and Highways Minister Nitin Gadkari on Wednesday announced grant of Rs 200 crore as first instalment for immediate repair of National Highways damaged due to heavy rains in Assam.

Gadkari said that, if needed, further financial assistance will be given after a final report is submitted by an expert-team of the National Highways Authority of India (NHAI).

Wind capacity addition of 1.5 GW likely in FY18: India Ratings

India Ratings (Ind-Ra) has said that state discoms reluctance to sign long-term purchase agreements at higher feed in tariffs is likely to affect wind power generation as only 1,000-1,500 MW of capacity is likely to be added in this financial year. According to the rating agency, there could be a substantial dip in capacity addition in FY18 to 1000-1,500 MW from about 5,400 MW in FY17.

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Intex Aqua Power IV launched at Rs 5,499

Domestic smartphone maker Intex on Wednesday launched its budget phone Aqua Power IV at Rs 5,499 that features a 4,000mAh battery and runs on latest Android Nougat OS.

Intex Aqua Power IV comes with a 5-inch FWVGA display and is powered by a 1.3GHz quad-core processor coupled with 1GB RAM.

"We at Intex work to provide adept and smart products that meet the mos

Goa`s new airport to be operational by May 2020: Reports

The Goa Government has said that the first phase of Goa's upcoming Mopa international airport will be operational by May 2020. Commenting on the issue, Chief Minister Manohar Parrikar told the media, "GMR Goa International Airport Limited (GGIAL) has already started pre-construction work and, as per concession agreement, the first phase of the project is likely to be commissioned by Ma

Government recovers Rs 238.84 cr from drug makers for overcharging

Government has so far recovered an amount of Rs 238.84 crore as fine from pharmaceutical companies for overcharging, Parliament was informed. In a written reply to the Lok Sabha, Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya said that as of June 30, Rs 238.84 crore has been recovered from the drug firms for non-compliance of provisions of DPCO, 2013.

The minister

Fragile finances the reason for Air India`s disinvestment nod: Minister

The Indian Government has said that Niti Aayog has given Air India's fragile finances as the main reason for recommending the airline's disinvestment. As per reports, the Cabinet Committee on Economic Affairs (CCEA), on June 28, gave in-principle nod for the strategic disinvestment of Air India and its five subsidiaries. Commenting on the issue, Union Minister Jayant Sinha told the medi