RBI submitted a list of high profile fraud cases to PMO: Raghuram Rajan
NEW DELHI: A list of high profile cases related to banking frauds was sent to the Prime Minister’s Office (PMO) for a coordinated action, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel. In the note to Chairman of Estimates Committee Murli Manohar Joshi, Rajan said that the size of frauds in […]
Jewar airport: Over 90 per cent farmers’ agree to land acquisition
NEW DELHI: As many as 307 farmers Monday consented for acquisition of their land – the maximum in a single day so far – for a proposed international airport at Gautam Buddh Nagar district’s Jewar, officials and MLA Dhirendra Singh said. After initial resistance by some farmers, district officials and Jewar MLA Singh have been […]
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 […]
Google ready to comply with RBI norms for payment services, says official
NEW DELHI: Internet major Google is learnt to have agreed to follow the RBI’s local data storage norm for payment services but wants time until December to comply with, according to a government source. “Google during the US visit of Law and IT minister Ravi Shankar Prasad conveyed to him that they are ready to […]
About 13 SEZ developers, units seek more time to implement projects
NEW DELHI: As many as 13 special economic zone (SEZ) developers and units including G P Realtors, JBF Petrochemicals and Aurobindo Pharma have sought more time from the commerce ministry to implement their projects. Decision on these proposals would be taken by the Board of Approval (BoA) for Special Economic Zones (SEZs) in its meeting […]
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 […]
Rajasthan cuts VAT on petrol, diesel by 4 percentage points ahead of assembly polls
JAIPUR: Rajasthan chief minister Vasundhara Raje today announced a 4 percentage point reduction in value added tax (VAT) on petrol and diesel, which will reduce their prices by Rs 2.5 per litre in the state. VAT on petrol will be reduced from 30% to 26% and on diesel from 22% to 18%, Raje said at […]
NTPC to invest Rs 9,785 crore for expansion of Talcher plant in Odisha
NEW DELHI: State-run power giant NTPC’s board has approved an investment of Rs 9,785 crore for the 1,320 MW Stage-III expansion of its Talcher thermal power plant in Odisha, a source said. The Talcher plant, one of the oldest and top performing power stations in the country, is situated in Angul district of Odisha. The […]
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. […]