Category: POLICY

Suresh Prabhu calls for government-level agreement for diamond imports from Russia

NEW DELHI: India’s Commerce and Industry Minister Suresh Prabhu on Friday called for a government-level agreement with Russia for diamond imports in a manner that does not adversely impact balance of payment of India. He said that India is the hub for cutting and polishing of diamonds and Russia has huge diamond reserves. “If we […]

Ravi Shankar Prasad meets top IT honchos, says industry will team up for social initiatives

NEW DELHI: India’s IT minister Ravi Shankar Prasad said on Thursday the Indian IT industry has decided to pool its combined expertise for contributing to various social initiatives, including volunteering for social cause. The minister also stressed that the IT sector needs to work towards coordinated CSR efforts on a common platform for the interest […]

Residential complexes can now be built around railway stations

NEW DELHI: Construction of residential complexes will now be allowed around Indian railway stations as part of an ambitious redevelopment programme of the Indian Railways approved by the Union Cabinet on Wednesday, a source said. The Cabinet approval has cleared the way for the railways to commercially develop land and air space in and around […]

Supreme Court of India allows ArcelorMittal, NuMetal to bid for Essar Steel

NEW DELHI: The Supreme Court of India on Thursday granted one more opportunity to mining major ArcelorMittal and Russia’s VTB Capital-backed NuMetal to bid for Essar Steel if they clear their Non-Performing Asset (NPA) dues in two weeks. A bench comprising Justices R F Nariman and Indu Malhotra held that both the firms were ineligible […]

NAREDCO joins hands with Housing and Urban Affairs ministry for skill training

NEW DELHI: NAREDCO (National Real Estate Development Council) has entered into a Memorandum of Understanding (MoU) with Ministry of Housing & Urban Affairs (MoHUA), Government of India to strengthen the skill trainings and employment opportunities in the construction sector for the urban poor under Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM). The collaboration will also […]

Extremely unfortunate that 5,000 construction workers in Mumbai not registered

NEW DELHI: The Supreme Court of India Monday said it was “extremely unfortunate” that around 5,000 construction workers in Mumbai were not registered under an Act meant for their welfare and directed the Maharashtra government to take action against builders and contractors in this regard. A bench headed by Justice Madan B Lokur asked the […]

40 new petitions in Gujarat High Court against land acquisition for bullet train project

AHMEDABAD: As many as 40 new petitions have been filed in the Gujarat High Court by farmers challenging the land acquisition process for the Mumbai-Ahmedabad bullet train project. A division bench of Chief Justice R Subhash Reddy and Justice V M Pancholi is likely to hear the petitions on Thursday along with similar pleas submitted […]

India, Uzbekistan ink 17 pacts; to deepen ties in counter-terrorism, defence

NEW DELHI: India and Uzbekistan on Monday inked 17 pacts to boost ties in key areas including defence after extensive talks between Prime Minister Narendra Modi and Uzbek President Shavkat Mirziyoyev on a host of important bilateral and regional issues such as Afghanistan and counter-terrorism. The two countries will also hold joint military training exercises […]

Mamata Banerjee, Raghubar Das resolve to end Massanjore Dam impasse

RANCHI: Chief Minister of Jharkhand Raghubar Das and his West Bengal counterpart Mamata Banerjee have resolved to end the Massanjore Dam dispute through official-level meeting. During Eastern Zonal Council meeting in Kolkata on Monday, Das raised the matter in the presence of Banerjee, an official statement read. The meeting, which was chaired by Union Home […]

PNB scam: ED attaches Nirav Modi’s immovable properties worth Rs 216 crore

NEW DELHI: The Enforcement Directorate (ED) said on Monday it has attached foreign properties of fugitive diamond jeweller Nirav Modi worth Rs 637 crore, including two apartments in New Yorks Central Park, even as the agency continued its investigation into the Punjab National Bank (PNB) fraud case. A senior ED official said the agency had […]

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