Spectrum auction: India receives bids amounting to Rs 77,146 crore in Day 1
NEW DELHI: India’s first auction of spectrum in five years attracted Rs 77,146 crore of bids on the opening day on Monday with Reliance Jio, Bharti Airtel, and Vodafone Idea participating in the bidding process – a response that the government said was better than expected. There were, however, no takers for spectrum in 700 […]
We must continue to trade with China: Bajaj Auto MD Rajiv Bajaj
NEW DELHI: Favouring continuation of trade with China, Bajaj Auto Managing Director Rajiv Bajaj on Saturday said goods should be procured from wherever they are most competitively available. He was speaking at a session on ‘Building Reliable Supply Chain’ at the second day of the three-day virtual Asia Economic Dialogue 2021, jointly convened by the […]
US owes India $216 billion as American debt soars to $29 trillion: Lawmaker
WASHINGTON: The US, the world’s largest economy, owes India $216 billion in loan as the country’s debt grows to a record $29 trillion, an American lawmaker has said, cautioning the leadership against galloping foreign debt, the largest of which comes from China and Japan. In 2020, the US national debt was $23.4 trillion, that was $72,309 […]
India, Pakistan agree to follow all ceasefire pacts
NEW DELHI: India and Pakistan have agreed to strictly observe all agreements on ceasefire along the Line of Control (LoC) and other sectors, according to a joint statement on Thursday. The decision on ceasefire, effective since Wednesday midnight, was taken at a meeting between the Director Generals of Military Operations (DGMOs) of India and Pakistan. […]
Cabinet approves production linked incentive scheme for IT Hardware
NEW DELHI: The Union Cabinet chaired by the Prime Minister, Narendra Modi has approved the Production Linked Incentive (PLI) Scheme for IT Hardware. The scheme proposes production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware. The Target Segments under the proposed Scheme include Laptops, Tablets, All-in-One PCs […]
JNPT signs MoUs worth around 27,000 crore, to strengthen port-led industrialization in India
NEW DELHI: Jawaharlal Nehru Port Trust (JNPT), India’s premier container port, today announced that it signed over 30 MOUs (Memorandum of Understanding) with potential investors for port projects, technology transfer and development of plots in JNPT SEZ for an amount of around 27000 crore in line with the Maritime India Summit 2021 to be held […]
India will be released about Rs. 297196.52 crore to benefit all farmers
NEW DELHI:Government of India has released a record Rs. 125217.62 crore this year and Rs. 297196.52 crore more will be released during this financial year towards food subsidy of which Rs. 116653.96 crore is reflected in PFMS towards Punjab. In respect of Haryana approximately Rs. 24841.56 core would be benefiting farmers. E-mode of payment ensures […]
India issues new guidelines for international arrivals
Miss Jiya Rai, a 12 year old daughter of a Naval sailor Madan Rai, created history by swimming from Bandra-Worli Sea Link to Gateway of India, a distance of 36 Km in 08 hrs and 40 minutes on 17 Feb 21. She is a known case of Autism Spectrum Disorder (ASD) and dedicated the swimming […]
India launches PLI scheme to become hub of global telecom manufacturing
NEW DELHI: The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved Production Linked Incentive (PLI) Scheme for Telecom and Networking Products with a budgetary outlay of Rs. 12,195 crore. The Production Linked Incentive (PLI) Scheme intends to promote manufacture of Telecom and Networking Products in India and proposes a financial incentive to […]
Amazon India to commence electronic devices manufacturing in India
NEW DELHI: India’s Electronics & Information Technology, Communications and Law &Justice Minister Ravi Shankar Prasad today held a virtual meeting with Amit Agarwal, Amazon’s Global Senior Vice President and Country Head for India. Range of issues related to digital sector were discussed during this meeting. After this meeting Amazon India has made an announcement to […]
Labour Ministry finalises rules under 4 codes, reform to be a reality soon
NEW DELHI: The Ministry of Labour and Employment has finalised rules under the four labour codes paving the way for making reforms a reality by notifying those for implementation soon. The four broad codes on wages, industrial relations, social security and occupational safety, health & working conditions (OSH) have already been notified after getting the […]
All steel to be allowed to be used for Highway construction
NEW DELHI: The Ministry of Road Transport and Highways has issued orders that all steel – whether produced from ore, billets, pellets or melting of scrap – would be allowed to be used for National Highway construction, as long as it meets the standards required for specific grades of steel. The steel proposed to be […]
India gifting 2,000 metric tonnes of rice to Syria: MEA
NEW DELHI: India is gifting 2,000 metric tonnes of rice to Syria following a request from the Arab republic, the Ministry of External Affairs (MEA) said on Friday. The first consignment of 1,000 metric tonnes of rice was handed over by Indian ambassador to Syria Hifzur Rahman to Syrian Minister of Local Administration Hussain Makhlouf at […]
Forex reserves down by USD 6.24 billion to USD 583.945 billion
MUMBAI: The country’s foreign exchange reserves declined by a massive USD 6.24 billion to reach USD 583.945 billion in the week ended February 5, RBI data showed on Friday. In the previous week, the reserves had touched a record high of USD 590.185 billion after rising by USD 4.852 billion. In the reporting week ended […]
Twitter to add more labels to identify accounts of government leaders, institutions
NEW DELHI: Social media giant Twitter has said it will add labels to identify more government leaders and associated institutions from the next week to provide people with context to what they see and have a “more informed experience” on the microblogging platform. Twitter said the roll-out will begin in Canada, Cuba, Ecuador, Egypt, Germany, […]
Covid-19: 17 States have not reported any death in last 24 hours
NEW DELHI: In a significant achievement, India has been recording less than 150 daily deaths continuously for the last 10 days. Only 84 deaths were reported in the last 24 hours. The effective strategy of containment including prompt tracing & tracking, aggressive and widespread testing, combined with standardized clinical management protocols have ensured the low mortality […]