Rajesh Agrawal takes over charge as a new member of Railway Board
NEW DELHI: Rajesh Agrawal has taken over charge as the new Member (Rolling Stock), Railway Board and ex-officio Secretary to the Government of India on 28th September, 2018. Agrawal belongs to the 1980 batch of Indian Railways Services of Mechanical Engineering (IRSME). Prior to this appointment, he was General Manager of Modern Coach Factory at […]
Petrol crosses Rs 91 mark, LPG above Rs 500
NEW DELHI: Petrol price on Monday crossed the Rs 91-mark in Mumbai while domestic cooking gas LPG rates breached the Rs 500-level for the first time ever as oil at four-year high pushed fuel prices to new all-time high across the country. Petrol prices were hiked by 24 paise per litre and diesel by 30 […]
Air France awards in-flight connectivity solution to Global Eagle, Orange Business Services
NEW DELHI: Global Eagle Entertainment has announced that Air France has awarded a long-term contract for in-flight connectivity systems and services to a collaboration between Global Eagle and Orange Business Services. The contract initially includes 113 Airbus A320 family aircraft operated by Air France. Installations are already underway. Air France’s Airbus A320 family includes A318, […]
FPI outflow hits 4-month high of Rs 21,000 crore in September
NEW DELHI: Overseas investors pulled out a massive Rs 21,000 crore ($3 billion) from the capital markets in September, making it the steepest outflow in four months, on widening current account deficit amid global trade tensions. The latest withdrawal comes following a net infusion of close to Rs 5,200 crore in the capital markets (both […]
Punjab hopes to procure 200 lakh metric tonne paddy
CHANDUGARH: Punjab is hoping to procure 200 lakh metric tonne of paddy during the Kharif marketing season starting tomorrow with necessary arrangements having been made for their smooth and hassle free procurement, officials said. Punjab food and civil supplies minister Bharat Bhushan Ashu Sunday directed the heads of the state procurements agencies as well as […]
Brij Kumar Agarwal appointed Himachal Pradesh chief secretary
SHIMLA: Senior IAS officer Brij Kumar Agarwal has been appointed as the chief secretary of Himachal Pradesh with immediate effect according to a notification issued here Sunday, an official spokesperson said. The post of chief secretary fell vacant after retirement of Vineet Chaudhary on Saturday. The 1985 batch IAS officer of Himachal Pradesh cadre was […]
Government owes Air India over Rs 1146.86 crore for VVIP charter flights
NEW DELHI: The total outstanding of cash-strapped Air India towards government for VVIP charter flights stands at Rs 1146.86 crore, according to the latest response from the national carrier to an RTI application. According to the details furnished by the Air India on September 26 to applicant Commodore Lokesh Batra (retd), the Defence Ministry has […]
Bank of Baroda, Vijaya Bank approve merger proposal to create second largest PSU lender
NEW DELHI: The boards of state-run Bank of Baroda (BoB) and Vijaya Bank on Saturday gave in-principle approvals for their amalgamation with another lender Dena Bank, a move that would create the second-largest entity in the PSU banking space. Earlier this month, the government announced the merger of Bank of Baroda, Vijaya Bank and Dena […]
China says it won’t be pushed around by USA on trade
UNITED NATIONS: China warned on Friday that its critical relationship with the United States of America (USA) could break “like a glass,” and used the most global of stages to warn the Trump administration it wouldn’t be pushed around on trade. Foreign Minister Wang Yi insisted that his country “will not be blackmailed” or bow […]
Narendra Modi inaugurates LNG terminal and pipeline projects at Anjar
NEW DELHI: The Prime Minister of India Narendra Modi today inaugurated the Mundra LNG terminal, the Anjar-Mundra Pipeline Project and the Palanpur-Pali-Barmer pipeline project in Gujarat’s Anjar. Speaking on the occasion, the Prime Minister said that the affection he receives in Kutch is unparalleled. He appreciated the development work that has happened in the Kutch […]
Narendra Modi inaugurates modern food processing facilities in Anand
NEW DELHI: The Prime Minister of India Narendra Modi, inaugurated modern food processing facilities, including Amul’s ultra-modern Chocolate Plant, at Anand today. He also visited the chocolate plant and was briefed on the various technologies used, and products being made there. Speaking on the occasion, he thanked the people of Anand for turning out in […]
Smart cities must have a vector control component, says Health Ministry Official
NEW DELHI: The smart cities must have a vector control component which needs to be included in strategic planning for urban development, said a top government official from Ministry of Health & Family Welfare at ASSOCHAM Dialogue on Protecting Communities: Vector Control in Action summit held in New Delhi . Globally, around 80% of the […]
Developed nations must lift the deprived with financial, technical resources: India at UN
UNITED NATIONS:India on Saturday told the UN General Assembly that countries that have exploited the nature for their immediate needs cannot abdicate their responsibilities and developed nations must lift the deprived with financial and technical resources. Under-developed and developing nations are the worst victims of climate change and these neither have the capacity nor the […]
E-commerce companies will have to register in every state for collecting TCS
NEW DELHI: E-commerce operators will have to register themselves in every state where their suppliers are located for collection of tax collected at source (TCS) and foreign companies can appoint an ‘agent’ on their behalf for securing such registration, the Central Board of Indirect Taxes and Customs (CBIC) has said. From October 1, e-commerce companies […]
LIC, SBI, and Orix to subscribe to Rs 4500 crore IL&FS rights issue
NEW DELHI: In a major breather to debt-laden Infrastructure Leasing & Finance Services (IL&FS), its largest shareholders Life Insurance Corp (LIC) and Orix Corp, and State Bank of India (SBI), on Saturday announced they would subscribe to the proposed Rs 4,500 crore rights issue of the company. The announcement came during the company’s annual general […]
OVL, partners to pay $230 million in out of court settlement with Rosneft
NEW DELHI: ONGC Videsh Ltd (OVL) and its partners in Russia’s Sakhalin-1 project have agreed to pay Russian giant Rosneft $230 million to settle an oil production dispute out-of-court, its Managing Director N K Verma said. Rosneft had dragged the Sakhalin-1 consortium to court alleging “unjust enrichment and interest gained by using other people’s money” […]