Government approves 1,12,083 affordable houses under PMAY(Urban)

Ministry of Housing & Urban Affairs has approved the construction of 1,12,083 more affordable houses for the benefit of urban poor under Pradhan Mantri Awas Yojana (Urban) with an investment of Rs. 8,105 cr with central assistance of Rs. 1,681 cr. “The approval was given in the 28th meeting of the Central Sanctioning and Monitoring Committee in its meeting held here on Wednesday,&rdqu

Digital India to create Internet access to all: Minister

Union Minister of State for Communication Manoj Sinha emphasised that the core of Digital India was to create Internet access to every citizen and BharatNet intends to connect all six lakh villages, reported PTI. Speaking at a symposium on Financial Inclusion - Global Initiative, the minister said the Digital India push was meant to serve the poor and protect their interests. "Internet con

A day after civic polls, Uttar Pradesh announces steep hike in power tariffs

A day after the civic polls concluded in Uttar Pradesh, the state government on Thursday announced a steep 12 per cent hike in power tariffs.

Uttar Pradesh Electricity Regulatory Commission (UPERC) Chairman S.K. Agarwal said at a press conference here that while the state had proposed a 20 per cent hike, the commission had okayed a 12 per cent increase in power tariffs.

The

About one lakh with technical education registered for jobs in Odisha

Around one lakh unemployed youths with technical education have registered themselves for jobs till September 2017 in Odisha, a Minister said on Thursday.

Of the 99,445 such candidates registered with different employment exchanges, 88,837 are males and 10,608 are females, Skill Development and Technical Education Minister Usha Devi told the assembly here.

Replying to a writ

TRAI releases recommendations for ease of doing business

The Telecom Regulatory Authority of India (TRAI) on Thursday recommended that the entire process of clearance by the Standing Advisory Committee on Radio Frequency Allocation (SACFA) as well as grant of all licences/approvals should be made paper-less and executed end-to-end through online portal.

In its recommendations on ‘Ease of Doing Telecom Business', TRAI said: "T

India`s airports show strong passenger growth, says Moody`s

Moody's Investors Service says that India's major airports are seeing a strong rise in passenger traffic -- which has recorded two years of 20 per cent-plus growth -- a credit positive, although the regulatory landscape remains a challenge. "The two years of growth in domestic air traffic has made India the third largest domestic aviation market after the US and China, and the main

Government invites application for Irdai chairman post

The Finance Ministry has invited applications to fill up the post of Irdai chairperson, which is set to fall vacant post retirement of T S Vijayan in February, reported PTI. "The government proposes to fill up the post of Chairperson, Insurance Regulatory and Development Authority of India (Irdai) located in Hyderabad, which is falling vacant on February 21, 2018," Irdai said in a not

USIBC`s John Chambers invests in Indian startup Uniphore

John Chambers, Executive Chairman of the US India Business Council (USIBC), has picked up 10 per cent stake in Chennai-based speech analytics firm Uniphore Software Systems, the company announced on Thursday.

This is Chambers' first investment in a startup outside of the US.

"The company was able to foresee the growing need for deep technology in the area of speech

Reliance General Insurance gets final observation letter from SEBI

Reliance General Insurance Company Ltd on Thursday said securities market regulator Securities and Exchange Board of India (SEBI) has issued its final observation letter to the draft red herring prospectus (DRHP) filed by it.

The DRHP was dated October 9, 2017.

In a statement issued here, Reliance General Insurance said the initial public offer (IPO) size aggregates to 25 pe

Railways launched 1ST Swarna Rajdhani rake

In a bid to improve passenger experience, Ministry of Railways has decided to upgrade Premium Rajdhani and Shatabdi trains under Project ‘Swarna’. “With improved passenger amenities, aesthetics and hygiene standards, Country’s first Swarn Rajdhani (Train no 12313 New Delhi – Sealdah Rajdhani Express) was launched in New Delhi on November 29, 2017 at New Delhi Stati

Railways cancels 30 trains between December 1 and February 13 due to fog

In order to manage the train operations in upcoming foggy season 2017-18, Ministry of Railways has devised a detailed plan for cancellation & frequency reduction etc. of trains traversing through fog affected area. Railways has decided to cancel thirty trains, reduced frequency of twenty nine trains, partially cancelled three trains, and diverted two trains.

“The Cancellatio

Hydro power policy to be sent for Cabinet approval: Minister

Power Minister R K Singh has said that the hydro power policy is in the final leg and will soon be sent for the Cabinet approval. As per reports, the minister also assured the industry representatives that he would look into their demands for restructuring debt over stranded hydro projects as well as their refinancing by Power Finanace Corp and Ireda.

As per the draft hydro-power poli

Aadhaar to be big weapon against benami properties: Narendra Modi

 Describing Aadhaar as a major "power" to bring about an "irreversible change" in the common man's life, Prime Minister Narendra Modi on Thursday said that the Unique Identification Number will now be used in cases involving benami properties.

"By linking Aadhaar to Mobile and Jan Dhan, we have created such a system that could not have been imagi

Power Minister meets banks on stressed power assets, NTPC floats tender

As part of the ongoing process to deal with the issue of massive stressed assets in the sector, Power Minister R.K. Singh met bankers here on Wednesday.

Interacting with reporters here on the sidelines of a roundtable on hydro power organised by industry chamber Assocham, Singh also said that state-run genrator NTPC has floated a tender to acquire commissioned stressed coal-fired

Indian IT firms spend more on education: Nasscom

Indian IT firms are spending more on education as part of their Corporate Social Responsibility (CSR), said industry apex body Nasscom Foundation on Wednesday.

"Education remains the focus area of IT firms' CSR activities, with 76 per cent of multi-national companies reporting highest spend on it, followed by 18 per cent on gender equality and 12 per cent on hunger and p

Agro equipment firm introduces technique to end crop burning

 Farm machinery maker New Holland Agriculture has introduced straw management techniques -- a combine harvester that can be used with other implements -- which will not just eliminate need of crop-burning but preserve nutrients in soil for future plant growth.

Its machinery such as tractors, combine harvesters with chopper, rakes, balers, happy seeders, shredo mulchers and M

Vadra questions `hurry` in linking bank accounts with Aadhaar

Congress President Sonia Gandhi's son-in-law Robert Vadra on Wednesday accused the central government of "creating new problems" for the common man and questioned why it was in a "hurry" to link bank accounts with Aadhaar numbers.

"India... let's be prepared for a situation where we are not able to swipe our card; unable to get our salary transfer

Two oil terminals in Odisha dedicated to nation

 Petroleum Minister Dharmendra Pradhan on Wednesday dedicated two oil terminals of Indian Oil Corporation Ltd (IOCL) at Jharsuguda and Jatni in Odisha to the nation.

The Paradip-Raipur-Ranchi pipeline was also dedicated to the nation. 

Speaking at Jharsuguda, Pradhan said these state-of-the-art facilities will further strengthen storage and distribution o

India seen posting stronger growth as businesses adjust to new tax

NEW DELHI - India's economic growth pace likely picked up in the three months ending in September, halting a five-quarter slide as businesses started to overcome teething troubles after the bumpy launch of a national sales tax.

The economy also has moved past the disruptions encountered after India's shock ban on high-value banknotes in November 2016, economis

Jharkhand Chief Minister inaugurates IOC`s smart oil terminal

 Jharkhand Chief Minister Raghubar Das on Wednesday inaugurated an advanced smart oil terminal of the Indian Oil Corporation Ltd (IOC) in Khuti district of the state.

This terminal has been constructed over a sprawling 32-acre piece of land. Now the petroleum products will reach Khuti through the Paradeep-Raipur-Ranchi pipeline which has been constructed at a cost of Rs 2,800 cro

Nod to procuring indigenous software defined radio for Navy

The Defence Acquisition Council headed by Defence Minister Nirmala Sitharaman on Wednesday cleared procurement of software defined radio developed by DRDO for the Indian Navy at a cost of Rs 490 crore.

Over 260 of these communication sets will be procured under the Indigenously Designed Developed and Manufactured (IDDM) category. Bharat Electronics Ltd (BEL) will be the nodal agency f

Exporters claim Rs 6,500 cr IGST refund for July-October

 Indian exporters have claimed refunds worth Rs 6,500 crore in the first four months of implementing the Goods and Services Tax (GST), an official statement said on Wednesday.

Giving this information, the government also asked exporters to file claims in the proper format with matching shipping bills to facilitate early refund of the Integrated GST (IGST) paid. 

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Controlling onion prices not in our hands: Ram Vilas Paswan

 Saying that the onion yield this year is expected to be lower, the Centre on Wednesday expressed its helplessness in controlling the rising prices of onions, which crossed Rs 60 per kg this week in Delhi.

Union Food Minister Ram Vilas Paswan said the production this year was expected to be lower since the area under onion cultivation had reduced to 1.90 lakh hectares in 2017-18

Government to achieve targets under rural housing scheme

Ministry of Rural Development has said that government is on course to achieve targets under Rural Housing Programme – Pradhan Mantri Awaas Yojana- Gramin (PMAY-G). “A target of completing one crore new houses by 31st March, 2019 was set. Of these, 51 lakh houses are to be completed by 31st March, 2018,” the Ministry informed.

To meet the challenge of assisting 51 la