India unveils merger of 10 government banks to revive economic growth from 5 year low
NEW DELHI: The government of India on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders as it looks to boost economic growth from a five-year low. Finance Minister Nirmala Sitharaman, who had last week announced tax sops and measures […]
Nripendra Misra, Principal Secretary to Narendra Modi, is stepping down
NEW DELHI: Prime Minister Narendra Modi’s Principal Secretary, Nripendra Misra, has expressed his intention to be relieved of his duties, the government said on Friday. Modi has asked him to continue for two weeks, principal government spokesperson Sitanshu Kar said. Former cabinet secretary P K Sinha has been appointed as officer on special duty by […]
Oneculture takes 1 lakh sq ft office space from Bhutani Infra in Noida to set up co-working centre
NEW DELHI: Co-working firm Oneculture has taken 1.06 lakh sq ft office space in Noida on lease from realty firm Bhutani Infra to open its fourth centre comprising 1,600 seats. Oneculture has leased 1,06,640 sq ft office space in Bhutani Group commercial project ‘Alphathum’ in Noida, Uttar Pradesh, being constructed at an investment of about […]
Karolbagh-Kishanganj springs up as the most strategically located site for real estate development
NEW DELHI: Rail Land Development Authority in its pursuit of generating revenue by monetizing vacant land parcels available at pan India level, has recently announced a most strategically located site at Karol Bagh – Kishanganj Delhi. According to National Real Estate Development Council (NAREDCO)- an apex real estate body which works under Ministry of Housing […]
YS Chowdary knew Andhra Pradesh capital would come up in Amaravati, bought 623 acres of land: YSCRP
NEW DELHI: A day after former Union minister and Bharatiya Janata Party (BJP) MP Y.S. Chowdary denied owning land in Andhra Pradesh state capital Amaravati, the state government on Wednesday revealed that he is in possession of over 623 acres of land. The YSRCP government released a statement giving details of Chowdary’s land holdings. The […]
Fitness is 0 per cent investment with infinite returns: Narendra Modi
NEW DELHI: “Fitness is 0 per cent investment with infinite returns,” Prime Minister Narendra Modi said while launching a nationwide Fit India Movement, which he believes will take the country towards a healthier future. At a colourful ceremony, which included a presentation of India’s indigenous martial art forms, dances and sports, Modi said, “Fitness has […]
Ministry of Civil Aviation launches Aviation Jobs Portal
NEW DELHI: Civil Aviation, Housing & Urban Affairs and Commerce & Industry Minister Hardeep Singh Puri has launched an Aviation Jobs Portal for Aspirants and prospective Employers here today. The portal aims to provide a common platform for job seekers to register their job interests across various civil aviation sub-sectors. Prospective Employers, who have completed their […]
India approves 75 new medical colleges;to add 15,700 MBBS seats
NEW DELHI: The Cabinet Committee on Economic Affairs, chaired by Prime Minister of India Narendra Modi has given its approval for establishment of 75 additional Government Medical Colleges by 2021-22 attached with existing district/referral hospitals under Phase-III of the ongoing Centrally Sponsored scheme. For the schemes approved today to increase the availability of healthcare infrastructure […]
Spring House Coworking leases 21,000 Sq. Ft. space at Golf Course Extension Road in Gurugram
NEW DELHI: Spring House Coworking, a chain of collaborative office spaces, leases 21,000 sq. ft. on the Golf Course Extension Road, Gurugram at Good Earth Business Bay to open up its 15th co-working space in North India and 8th in Gurugram. As a part of its expansion spree, Spring House has taken this 21,000 sq. […]
Environmental clearance to real estate will soon be reduced to 60 days: Prakash Javadekar
NEW DELHI: Speaking at the 15th National Convention of NAREDCO, Union Minister of Environment and Forests Prakash Javedekar said that his ministry intends to reduce the whole process of environmental clearance to a real estate project to 60 days in a few days to come. He added that the environmental clearances used to be stumbling […]
Target of Housing For All by 2022 will be met two years in advance: Hardeep Singh Puri
NEW DELHI: The mega mission of the Narendra Modi government to provide a roof over the head of each Indian household by 2022 is a highly ambitious agenda that faces formidable challenges but Minister of State (I/C) for Housing and Urban Affairs Hardeep Singh Puri set the temperatures soaring further high when he announced at […]
Investment worth more than 5 lakh crore riding on PMAY: Amrit Abhijat
NEW DELHI: Speaking at the session on ‘Emerging Construction Technologies’ at 15th National Convention of NAREDCO Amrit Abhijat, IAS, Joint Secretary (PMAY), Union Ministry of Housing and Urban Affairs underlined the significance of cost-effective, energy-efficient and sustainable new technogies in making Pradhan Mantri Awas Yojana (PMAY) a resounding success. He informed that the Union government […]
India issues guidelines for Rs 1 trillion partial guarantee scheme for NBFCs
NEW DELHI: The government of India has issued guidelines on operationalising Rs 1 trillion partial guarantee scheme under which public-sector banks can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following series of defaults by the group companies of IL&FS in September last […]
Auto stocks tumble up to 9 per cent as sales in India see sharpest fall in 19 years in July
NEW DELHI: Auto stocks tumbled up to 9 per cent on Tuesday after industry body SIAM reported that automobile sales in India witnessed sharpest decline in nearly 19 years in July, dropping 18.71 per cent, rendering almost 15,000 workers jobless over the past two-three months. Shares of Motherson Sumi Systems tanked 8.94 per cent, Bharat […]
Competition Commission of India slaps Rs 14 crore fine on Jaiprakash Associates
NEW DELHI: The Competition Commission of India (CCI) has imposed a penalty of nearly Rs 14 crore on Jaiprakash Associates for abusing its dominant market position by imposing “unfair” and “discriminatory” conditions on home buyers. “The Opposite Party (Jaiprakash Associates) perpetrated undesirable industry practices causing substantial harm to the competition and to consumers, ignoring its […]
Special cell to deal with cases of Amrapali homebuyers
NEW DELHI: The Noida and Greater Noida authorities on Tuesday told the Supreme Court that they have created a special cell to ease out problems of the Amrapali homebuyers. The authorities told a bench headed by Justice Arun Mishra that they have created the cell to deal with cases of the homebuyers and officials had […]