DIPP Secretary Ramesh Abhishek gets additional charge of Civil Aviation Ministry
NEW DELHI: Ramesh Abhishek, secretary of the Department of Industrial Policy and Promotion (DIPP), was given an additional charge of the Civil Aviation Ministry, an official order said. The Appointments Committee of the Cabinet has approved assignment of additional charge of the post of secretary, Civil Aviation Ministry, to Abhishek, the order by the Personnel […]
About 363 infrastructure projects show cost overrun of over Rs 3.42 lakh crore
NEW DELHI: As many as 363 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.42 lakh crore owing to delays and other reasons, a report said. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. “Total original […]
Defence budget hiked to Rs. 3,05,296 crore in India
NEW DELHI: About Rs. 3,05,296 crore have been provided in the Budget Estimates for 2019-20, compared to Rs. 2,82,733 crore provided in 2018-19 Budget Estimates. The figures were revised to Rs. 2,85,423 crore in the Revised Estimates of 2018-19. While presenting the Interim Budget 2019-20 in Parliament the Union Minister for Finance, Corporate Affairs, Railways […]
India allocates Rs 60,000 crore for MGNREGA in Interim Budget 2019
NEW DELHI: The government of India on Friday proposed to allocate Rs 60,000 crore for rural employment scheme under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) for the year 2019-20. The amount allocated for 2019-20 is 11 per cent higher compared to Rs 55,000 crore allocated for the year 2018-19. The revised estimate […]
A mixed bag of reactions by realtors on Interim Budget 2019
NEW DELHI: Presented by the interim finance minister Piyush Goyal in Parliament today, the interim Union Budget 2019-20 has much to offer to the real sector. From lending a stronger back to the middle-class section of the country to providing some relief to the real estate developer the interim budget came with plenty of perks […]
Highlights of Interim Budget 2019-20
NEW DELHI: The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Piyush Goyal in Parliament today are as follows: New Announcements Farmers · 12 crore small and marginal farmers to be provided with assured yearly income of Rs. 6000 per annum under PM-KISAN o […]
Growth of Pakistan, India’s nuke programmes increases risk of security incident in South Asia: Coats
By Lalit K Jha WASHINGTON: The continued growth of the atomic weapon programmes of Pakistan and India increases the risk of a “nuclear security incident” in South Asia, America’s top spymaster has warned. The remarks of National Intelligence Director Daniel Coats is part of US intelligence community’s assessment of worldwide threats in the year 2019. […]
Sunjay Sudhir appointed as India’s envoy to the Maldives
NEW DELHI: Senior diplomat Sunjay Sudhir has been appointed as India’s Ambassador to the Maldives, the Ministry of External Affairs announced on Monday. Sudhir, a 1993 batch Indian Foreign Service officer who is presently Joint Secretary in the Ministry of Petroleum and Natural Gas, is expected to take up the assignment shortly, the MEA said […]
India empowers PSU banks to seek lookout circulars against wilful defaulters
NEW DELHI: In a bid to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country, the government has empowered PSU banks to request lookout circulars (LOCs) against wilful defaulters and fraudsters, officials said on Sunday. The Home Ministry has also authorised the Serious Fraud Investigation Office (SFIO), a statutory corporate […]
India’s new proposal: Pay fine for full batch if one drug found substandard
NEW DELHI: Even if a single drug in a batch is found substandard the manufacturer may have to pay a penalty equal to the MRP of the entire batch shipped, according to a new government proposal. There are usually 10,00 to 100,000 units in a batch, but the number of drugs – which can be […]
India’s media and entertainment sector may touch Rs 3.73 trillion by 2022
NEW DELHI: The Indian media and entertainment industry is estimated to touch $52,683 million (around Rs 3.73 lakh crore) by 2022 led by increasing disposable income, population and content consumption across the formats, according to a survey. Besides the traditional media such as TV and cinema, new-age digital platforms such as over-the-top (OTT) services would […]
India awards 235 routes under UDAN scheme, seaplanes to fly on 18 routes
NEW DELHI: Seaplanes will fly on 18 air routes among the 235 routes awarded on Friday under the government’s ambitious regional connectivity scheme that will also connect 16 unserved airports and six water aerodromes. Announcing the awards of the third round of regional air connectivity scheme or UDAN, Civil Aviation Minister Suresh Prabhu said as […]
India announce package to boost farmers’ income soon
NEW DELHI: The government of India will soon announce a package for farmers to boost their income, Minister of State for Agriculture Parshottam Rupala said on Thursday amid speculations that the Centre is considering various measures to address distress in the farm sector. The minister, however, did not clarify whether the relief package would be […]
JNPT becomes India’s only port to be ranked among world’s top 30
NEW DELHI: The Jawaharlal Nehru Port Trust (JNPT), India’s premiere container portgot listed amongst the top 30 container ports globally, as per the latest Lloyds Report. JNPT notched up five spots, to be 28th on the list, compared to its previous ranking.This is a validation of all the efforts and strategic initiatives being implemented at […]
Maruti launches new WagonR at Rs 4.19 lakh
NEW DELHI: The India’s largest carmaker Maruti Suzuki India (MSI) Wednesday launched a new version of its hatchback WagonR priced between Rs 4.19 lakh and Rs 5.69 lakh (ex-showroom). The new WagonR comes with a new 1.2 litre petrol engine option along with another choice of 1 litre powertrain. It also comes with an automatic […]
India to surpass China, be in better position to help South Asia: Raghuram Rajan
DAVOS: India will eventually surpass China in economic size and will be in a better position to create the infrastructure being promised by the Chinese side in South Asian countries, former RBI Governor Raghuram Rajan said on Tuesday. Addressing a session on Strategic Outlook for South Asia, Rajan said Indian economy would continue to grow […]