India launches PM Gati Shakti
NEW DELHI: Prime Minister Shri Narendra Modi launched PM Gati Shakti – National Master Plan for multi-modal connectivity here today. He also inaugurated the New Exhibition Complex at Pragati Maidan. Union Ministers, Nitin Gadkari, Piyush Goyal, Hardeep Singh Puri, Shri Sarbananda Sonowal, Shri Jyotiraditya Scindia and Ashwini Vaishnaw, R K Singh, Chiefs Minister, Lieutenant Governors, […]
India, US discuss Indo-Pacific, regional issues ahead of 2+2 dialogue
NEW DELHI: India and the US have discussed their flourishing defence partnership and opportunities for enhanced cooperation with like-minded partners to sustain a free and open Indo-Pacific as officials from the two countries held a meeting to lay the groundwork for the key 2+2 Ministerial Dialogue later this year, the Pentagon has said. The meeting […]
India to allow foreign tourists travelling by chartered flights from October 15, rest from November 15
NEW DELHI: India has decided to allow foreign tourists into the country, beginning with granting tourist visas to those travelling by chartered flights from October 15 and those by regular planes from November 15. The Union Home Ministry on Thursday announced that with this, the restrictions placed on visa and international travel since March 2020 […]
India’s Defence Ministry approves procurement of military hardware worth Rs 13,165 crore
NEW DELHI: The defence ministry on Wednesday approved the procurement of military platforms and hardware worth Rs 13,165 crore that included 25 indigenously-developed ALH Mark-III helicopters for the Indian Army to boost its combat capabilities. The cost of acquiring the advanced light helicopters from the state-run Hindustan Aeronautics Ltd (HAL) has been estimated at Rs […]
Indian Army to procure 118 Arjun Mk-1A Main Battle Tanks for Rs 7,523 crore
NEW DELHI: The Defence Ministry placed an order to procure 118 Main Battle Tanks (MBTs) Arjun Mk-1A with the Heavy Vehicles Factory (HVF) in Chennai for the Indian Army on Thursday. The order, worth Rs 7,523 crore, will provide further boost to the ‘Make in India’ initiative in the defence sector and is a big […]
Airbus gets Rs 22,000 crore contract form Defence Ministry for 56 C-295 transport aircraft
NEW DELHI: India has formalised the acquisition of 56 Airbus C295 aircraft to replace the Indian Air Force (IAF) legacy AVRO fleet as India’s Defence Ministry inked a nearly Rs 22,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian […]
Foreign tourists may be allowed to visit India soon
NEW DELHI: Amid a decline in Covid-19 cases in the country, India may soon reopen its doors for foreign tourists for the first time in one-and-a-half years, officials said. First five lakh foreign tourists will be issued visas free of cost in an attempt to revive the tourism, hospitality and aviation sectors badly hit by […]
Apple to bring iPhone 13 lineup to India from September 24 with prices starting at Rs 69,900
NEW DELHI: Apple enthusiasts will be able to get their hands on the latest line-up of iPhones — iPhone 13, iPhone 13 mini, iPhone 13 Pro and iPhone 13 Pro Max — with prices starting at Rs 69,900 onwards later this month. “Customers in Australia, Canada, China, Germany, India, Japan, the UK, the US, and […]
India allows 100 per cent FDI through automatic route in telecom reforms
NEW DELHI: In big bang reforms, the Union Cabinet on Wednesday approved a relief package for the telecom sector that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign investment through the automatic route. Briefing reporters on the decisions taken by the Cabinet, Telecom […]
India to get 3rd set of Swiss bank details;real estate properties information included
NEW DELHI: India will get this month the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland and this will include for the first time the data about real estate properties owned by Indians there, officials said on Sunday. Marking a key milestone in the […]
Forex reserves rise $8.895 billion to record high of $642.453 billion
NEW DELHI: The country’s foreign exchange reserves increased by USD 8.895 billion to reach a record high of USD 642.453 billion in the week ended September 3, RBI data showed. In the previous week ended August 27, the reserves had surged USD 16.663 billion to USD 633.558 billion, mainly due to a rise in Special […]
Pharma industry to surpass $60 billion by FY24 from $45 billion in FY21: Report
NEW DELHI: The Covid-19 pandemic push will lead to an 11 per cent annual growth for the pharma sector over the next two years and help it surpass USD 60 billion from around USD 45 billion in FY21, according to a report. The domestic pharma industry globally ranks third in terms of volume and 13th […]
Inviting applications to set up International Trade Financing Services Platform at GIFT IFSC
The International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial services, and financial institutions in the International Financial Services Centres (IFSCs) in India. IFSCA vide circular dated 9th July 2021 issued the framework for setting up of International Trade Financing Services Platform (“ITFS”) at […]
India to monetise 25 airports over 4 years, to fetch Rs 20,782 crore
NEW DELHI: The government of India is looking to monetise 25 AAI-managed airports, including Varanasi, Chennai, Nagpur and Bhubaneshwar, over the next four years, which could bring in investments worth Rs 20,782 crore. Further, divestment of Airports Authority of India’s (AAI) residual stake in four airport JVs has also been considered under the national monetisation […]
India eyes Rs 35,100 crore from partial sale of Bharatnet network, tower infra
NEW DELHI: The government of India expects to realise Rs 35,100 crore from the partial sale of Bharatnet fibre assets and around 13,500 mobile towers owned by state-run telecom firms as part of its national monetisation pipeline released on Monday. Government think tank Niti Aayog has valued over 2.86 lakh kilometre of optical fibre assets […]
Twitter transfers India head Manish Maheshwari to US
NEW DELHI: Twitter has transferred to the US its India head Manish Maheshwari, against whom an FIR was registered in Uttar Pradesh in connection with a probe related to a video of an alleged hate crime. While the company did not specify any reason for the change, it said Maheshwari will move to the US […]