15 new projects to create 8,883 jobs in Odisha
BHUBANESWAR: Odisha Chief Minister Naveen Patnaik on Saturday conducted groundbreaking ceremony for 15 industrial units that would collectively invest Rs 1,807.92 crore in the state, besides creating employment for 8,883 people. The projects are being developed by companies like Ultratech Cement, Welspun Ltd, Chettinad Cement, Surya Foods, P&A Bottlers, CRPL Infra, Vijaynagar Bio-tech, Coastal Corporation, […]
Narendra Modi announces quick loans, relaxation in labour laws for MSMEs
NEW DELHI: The Prime Minister of India Narendra Modi today launched a historic support and outreach programme for the Micro, Small and Medium Enterprises (MSME) sector. As part of this programme, the Prime Minister unveiled12 key initiatives which will help the growth, expansion and facilitation of MSMEs across the country. The Prime Minister said that […]
Plea by Amrapali CMD, two others for visiting homes on Diwali rejected by Supreme Court of India
NEW DELHI: The Supreme Court of India on Wednesday dismissed the plea of the Chief Managing Director (CMD) of Amrapali real estate group Anil Sharma and two other directors seeking permission to visit their homes to celebrate Diwali and other festivals with their family members. The apex court directed that the CMD and two other […]
Supreme Court asks Modi government to submit details of pricing of 36 Rafale fighter jets
NEW DELHI:The Supreme Court of India has asked the Narendra Modi government for pricing details of the 36 Rafale fighter jets India is buying from France in a sealed cover within 10 days but agreed that “strategic and confidential” information need not be disclosed. In its order, a three-judge bench headed by Chief Justice Ranjan […]
Invest India, WhatsApp partner to empower Indian entrepreneurs and start-ups
NEW DELHI:Invest India through its flagship initiative Startup India has partnered with WhatsApp on a program that focuses on the proliferation of start-ups, promoting economic growth and generating employment opportunities in India. Dedicated to driving success and enhancing grassroots innovation, WhatsApp will invest quarter of a million dollars as seed funding to the top 5 […]
Twenty-eight states,union territories notify real estate legislation: HUA Ministry
NEW DELHI: As many as 28 states and Union Territories (UTs) have so far notified the Real Estate (Regulation and Development) Act, 2016 in the country, an official said on Wednesday. According to the Housing and Urban Affairs Ministry, 20 states and UTs have established real estate appellate tribunals under the legislation, of which, seven […]
Finance Ministry extends deadline for filing September GST returns to October 25
NEW DELHI: The Finance Ministry said that it has extended the deadline for filing summary sales return GSTR-3B for the month of September by five days to October 25. With this extension, businesses which wish to claim Input Tax Credit (ITC) benefit for July 2017-March 2018 period can do so till October 25. The Central […]
Goa global investors’ meet with focus on start-ups in December: Suresh Prabhu
NEW DELHI: Global investors will meet in Goa in December to help finance the start-up community in the state, Union Commerce Minister Suresh Prabhu said on Sunday. He said the Centre was thinking of making Goa as the start-up and logistics hub to create more jobs and that it will also promote agricultural export from […]
India must promote gender parity and push exports to grow at 9-10% annually for next 30 years or more
NEW DELHI: Gender parity and exports are the two critical areas which India must focus on to be able to grow at higher rates of 9-10 per cent per year for the next three decades or more to lift a very young population above poverty line, said Amitabh Kant, CEO – NITI Aayog at an […]
Roadmap to promote aircraft manufacturing on the anvil: Suresh Prabhu
NEW DELHI: The government of India is preparing a roadmap to promote manufacturing of aeroplanes in India to ensure growth of country’s aviation sector, union minister,Suresh Prabhu said at an ASSOCHAM event held in New Delhi. “The growth in aviation would need at least 1,000 aeroplanes to be brought by India, but if we just […]
RBI announces more steps to increase credit flow to NBFCs
NEW DELHI: The Reserve Bank of India (RBI) on Friday announced more measures to increase liquidity flows to the non-banking financial companies. The RBI permitted banks to use government securities equal to their incremental outstanding credit to NBFCs, over and above their outstanding credit to them as on October 19, to be used to meet […]
Railways pitches for strategic line in Leh to be declared national project
NEW DELHI: Indian Railways has proposed that its strategically significant Bilaspur-Manali-Leh line along the Indo-China border, which will be the world’s highest railway track, be declared a national project, officials said on Wednesday. It has also suggested that the construction on a 51 kilometre stretch between Upshi in Himachal Pradesh and Phe in Leh begin […]
RBI refuses more time to Rana Kapoor; tells Yes Bank to appoint new chief by February 1
NEW DELHI: Reserve Bank of India (RBI) on Wednesday refused to grant more time to Yes Bank’s long serving CEO and MD Rana Kapoor and asked the private sector lender to appoint his successor latest by February 1, 2019. Last month, the Yes Bank board had sought at least a three-month extension for Kapoor from […]
NBCC signs MoU with Ministry of External Affairs to build Convention Centres in Niger
NEW DELHI: State-owned PSU, NBCC (India) that it has signed an Memorandum of Understanding (MoU) with the Ministry of External Affairs (MEA) to construct Mahatma Gandhi International convention centre (MGICC) at Niamey, the largest city and capital of Niger in West Africa. The MoU was signed by Yogesh Sharma, Executive Director, Business Development and Prashant […]
Himachal Pradesh government to buy 30 electric buses
SHIMLA: The Himachal Pradesh government will soon purchase 30 electric buses to run on various routes in Shimla town, State Transport Minister Govind Singh Thakur said. “These buses will not only provide comfortable travelling facility to the commuters but will also help in checking pollution levels. The purchase orders have already been given after all […]
To reduce energy cost, Narendra Modi makes a strong case for partnership between producers, consumers in oil market
NEW DELHI: CEOs and Experts from the Oil and Gas sector, from both India and abroad, met Prime Minister of India Narendra Modi today. The gathering included Ministers from Saudi Arabia and UAE, and CEOs and experts from organisations including Saudi ARAMCO, ADNOC, BP, Rosneft, IHS Markit, Pioneer Natural Resources Company, Emerson Electric Company, Tellurian, […]