Category: POLICY

India modifies operational guidelines for Pradhan Mantri Fasal Bima Yojna

NEW DELHI: The Government of India has decided to incorporate the provision of penalties for States and Insurance Companies for the delay in settlement of insurance claims under the Pradhan Mantri Fasal BimaYojana (PMFBY). This crucial provision is part of the new operational guidelines issued by the Govt for the implementation of PMFBY.The farmers will […]

DAC approves procurement of equipment worth Rs 9,100 crores

NEW DELHI: The Defence Acquisition Council (DAC), chaired by Raksha Mantri (Defence Minister ) Nirmala Sitharaman, met here today and accorded approval for the procurement of equipment for the Defence Forces valued at over Rs 9,100 crores. Pursuing the goal of indigenisation and self-reliance, the DAC approved procurement of two Regiments of Akash Missile Systems […]

Bombay High Court ‘shocked’ over illegal constructions by Nirav Modi, others in Alibaug

MUMBAI: The Bombay High Court said on Monday it was “shocking” how fugitive jeweller Nirav Modi and several other individuals had been permitted to carry out illegal constructions along the beach in Alibaug town of Raigad district in Maharashtra. Holding that ignoring such violations was a case of “complete non-application of mind” by the authorities, […]

Jammu and Kashmir government approves Single Window Act, 2018

SRINAGAR: The Jammu and Kashmir government on Monday approved J&K Single Window (Industrial Investment and Business Facilitation) Act, 2018, which aims to ease flow of investments into the state. “The governor’s administration approved the J&K Single Window Act, 2018. The act has been approved by the state administrative council (SAC), headed by governor Satya Pal […]

Vijaya Bank, Bank of Baroda, and Dena Bank to merge

NEW DELHI: The government of India will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India’s third largest lender, a top government official said on Monday. Boards of the three banks will examine amalgamation proposal, the department of financial services secretary, Rajeev Kumar, told a news conference here. He said the […]

Over 70 per cent owners agree to give land for Jewar airport

NEW DELHI: Over 200 land owners in Jewar agreed Saturday to give their lands for a proposed international airport in Gautam Buddh Nagar district, taking the overall consent of affected families to 71 per cent, local MLA Dhirendra Singh said. According to the provisions of Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation […]

Karnataka cuts fuel prices by Rs 2 per litre

KALBURGI: Karnataka Chief Minister H D Kumaraswamy on Monday announced the coalition government’s decision to cut petrol and diesel prices by Rs 2 per litre. The announcement comes in the wake of political pressure building against Kumaraswamy after Rajasthan, Andhra Pradesh and West Bengal governments reduced fuel prices. Andhra Pradesh Chief Minister N Chandrababu Naidu […]

Hybrid vehicles crucial for future mobility: Niti Aayog member

NEW DELHI: Hybrid vehicles should be considered as key aspect in India’s journey to future mobility, Niti Aayog member V K Saraswat said Sunday. Moving towards electric vehicles directly from internal combustion engine (ICE) need proper infrastructure, and it will take time, Saraswat further said. Introduction of EV technology should begin with two-wheelers and three-wheelers […]

20 lakh people join modified JanDhan scheme, total account holders 32.61 crore

NEW DELHI: As many as 20 lakh people have joined the modified Pradhan Mantri Jan Dhan Yojna (PMJDY), taking the total number of account holders in the flagship financial inclusion programme to 32.61 crore as on September 5, according to finance ministry data. The government earlier this month relaunched PMJDY as an open-ended scheme with […]

Mamata Banerjee leaves for 12-day trip to Germany, Italy

KOLKATA: West Bengal Chief Minister Mamata Banerjee on Sunday left for a 12-day trip to Germany and Italy to attract more investments to the state. Banerjee, accompanied by Finance Minister Amit Mitra, Finance Secretary H K Dwivedi and Chief Secretary Malay Dey, left for Frankfurt and Milan at around 9.45 am, official sources said. The […]

Enforcement Directorate chargesheets Pearls Group in Rs 45,000 crore ponzi scam

NEW DELHI: The Enforcement Directorate (ED) on Wednesday filed a charge- sheet against Pearls Group and its chief Nirmal Singh Bhangoo in connection with a ponzi scam involving over Rs 48,000 crore. Apart from Bhangoo, who is in judicial custody, three of his colleagues and several of his commission agents have also been named in […]

Centre to establish web-based ‘knowledge lab’ to share technologies for affordable housing

NEW DELHI: To meet its vision of housing for all by 2022, the government will launch an online knowledge lab for states and union territories, detailing ways to execute affordable housing projects through new technologies and innovative designs. According to the Housing and Urban Affairs (HUA) Ministry, the laboratory will act as a source of […]

Supreme Court of India appoints NBCC to construct stalled projects of Amrapali Group

NEW DELHI: The Supreme Court of India on Wednesday appointed state-run NBCC to develop the stalled projects of the Amrapali Group and directed the Debts Recovery Tribunal to sell the unencumbered commercial properties of the real estate firm. The top court directed the opening of an escrow account in the apex court in which the […]

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