Category: POLICY

Supreme Court of India asks Greater NOIDA to deposit Rs 66 crore received from Unitech to refund buyers

NEW DELHI: The Supreme Court of India on Monday asked a local authority in Uttar Pradesh to deposit Rs 66.82 crore, received from realty firm Unitech Ltd, with its registry to refund those who have opted out of one of its housing schemes in the Greater Noida area. A bench headed by Chief Justice Dipak […]

NITI Aayog, Intel and TIFR collaborate to set up a Model International Center for Transformative AI

NEW DELHI: NITI Aayog, Intel, and Tata Institute of Fundamental Research (TIFR) announced on 7th September that they are collaborating to set up a Model International Center for Transformative Artificial Intelligence (ICTAI) towards developing and deploying AI-led application-based research projects. This initiative is part of NITI Aayog’s ‘National Strategy for Artificial Intelligence’ Discussion Paper that […]

RERA has changed Real Estate Sector for ever

NEW DELHI: India’s Housing and Urban Affairs Minister Hardeep Singh Puri has said that the NDA government at the centre is committed to provide positive solution to the problems of home buyers, so that they get their home as soon as possible. He was delivering the inaugural address at the “First Regional Workshop on RERA […]

40 deaths in 75 accidents since Sep 2017: Railways’ records best safety figures in 5 years

NEW DELHI: With 40 deaths in 75 accidents between September 2017 and August 2018, the Railways has registered its best safety figures in five years for the corresponding 12-month period, a ministry official has said, quoting official data. There were 80 train accidents and 249 fatalities between September 2016 and August 2017 — the Indore-Patna […]

TRAI slaps fine on Jio, Airtel, others for not meeting service quality norms

NEW DELHI: Regulator TRAI has imposed penalties on major telecom operators, including Reliance Jio, Bharti Airtel, Vodafone and Idea Cellular (now merged), for slipping on various service quality benchmarks for the March quarter, according to multiple sources. The fines cover various parameters and service areas, and all the operators are in the process of making […]

Rs 90 crore bank fraud case: ED raids 9 places in Tamil Nadu

NEW DELHI: The Enforcement Directorate (ED) Saturday conducted searches at nine locations in Tamil Nadu in connection with an alleged Rs 90 crore bank loan fraud money laundering case, officials said. Searches are being conducted at Virudhunagar, Madurai and Coimbatore in connection with its probe involving Ms Inshumathi Refineries Pvt Ltd (which is based in […]

Niti Aayog asks auto cos to stick to timeline to achieve full e-mobility

NEW DELHI: Niti Aayog Vice Chairman Rajiv Kumar Saturday urged the automobile sector to confine to a timeline for achieving 100 per cent fully electric mobility solutions, powered by renewables. Kumar in his address at the Global Mobility Summit said transformation in the mobility sector requires a collaborative effort from states and all other stakeholders. […]

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