India’s two-decade long efforts to offer itself as an alternative to China in electronics manufacturing is finally finding success, thanks to a variety of global and local developments
The Uttar Pradesh government has completed the task of bringing back stranded and jobless migrant workers from various places like Mumbai, Delhi and Gujarat, chief minister Yogi Adityanath said today. “The whole country is grateful [for the way in which] decisions were taken by the Prime Minister during the global pandemic, and for the systematic […]
Government of India has today set up a new regulatory agency to encourage and regulate private sector space businesses, hitherto an almost no-go area for private companies in India. This follows the first global use of a privately made rocket to send astronauts to the International Space Station by US authorities in the shape of […]
Government of India today said that its list of public sector companies scheduled to be sold to private entities did not include Bharat Heavy Electricals Ltd. The company, abbreviated BHEL, has with operations in multiple locations such as Bhopal in Madhya Pradesh and Trichy in Tamil Nadu and is India’s largest suppliers of heavy electrical […]
Lucknow-Delhi Tejas, India’s first privately run train, earned an operational profit of only Rs 7.73 lakh in its first month of operation, and not Rs 70 lakh as reported by the media, according to Railway Minister Piyush Goyal. The train had been widely reported in the media to have earned a whopping 70 lakh in […]
Subramanian Swamy is often accused of propagating outlandish ideas and suggestions, but at least on the issue of addressing a slowdown in India’s GDP growth, he seems to be closer to the truth than India’s ruling establishment. Both Sitharaman and Swamy are united in recognizing the need for a ‘stimulus’ to nudge the economy from […]
United Bank of India said its board of directors has approved in principle a plan to raise ‘up to Rs 3,000’ cr via a preferential sales of shares ahead of its merger with two other banks. A preferential sale of shares, as distinct from a private placement, is a quicker form of selling shares to […]
Ajay Singh, Chairman of Spicejet and the man who came up with the slogan ‘Abki Bar Modi Sarkar’, today blasted the government’s approach towards the aviation sector. Speaking at the 12th International Conference-cum-Awards on Civil Aviation & Cargo by FICCI, Singh was unsparing in his criticism of government’s taxation policy towards his industry. “There is […]
Government of India claimed on Tuesday that it has cut the time required to start a company to just 1 to 2 days from 22 to 30 last year with the introduction of a new system. The ministry of corporate affairs had, in April last year, introduced a new system called SPICe or Simplified Proforma for […]
India’s energy sector is facing low capacity utilisation in power generation as plant load factor is estimated to remain low at around 62 per cent until 2018-19, noted a recent ASSOCHAM-Crisil joint study. The study also expressed concern over the slow pace of reform implementation in certain areas. The study noted that India had made […]
Neem coating of urea, one of the key anti-diversion measures introduced by the Narendra Modi government to check the misuse of fertilizer urea by industries, seems to be paying off. According to the latest numbers, the Indian taxpayer saved about Rs 8,000 cr thanks to the move in the form of lower urea subsidy bill […]
The demonetization of currency notes late last year has doubled the number of card transactions and helped push India’s payment digitisation by three years, State Bank of India said in a note. “Even after seven months post demonetization, the transaction value is quite large and approximately double of what it had been corresponding month last […]
Indian Railways saw an increase of 3.91% in the total number of reserved bookings in the financial year ended March 2017, according to data from the ministry of railways. A total of 52.35 cr (523 mln) passengers were booked in the reserved category during the year, reflecting the continued demand for long-distance rail travel. In comparison, […]
The number of trademarks awarded by the India’s Controller General of Patents, Designs & Trade Marks has jumped threefold this financial year, according to data obtained from the Patent Office. A total of 2.11 lakh trademarks were registered in India in the first eleven months of the year beginning April 2016, compared to just 65,045 in […]
The Indian government has no immediate plans or proposals to institute a scheme of ‘unversal basic income’ in place of the myriad social welfare scheme run by the country at present, the finance ministry said in response to a query. The clarification that there is ‘no proposal for a universal basic income scheme’ comes in […]
Private equity and venture capital firms are largely bullish on India in the context of big economic reforms, but are awaiting the results of the ongoing Uttar Pradesh elections to assess the level of popular support that such policies enjoy, according to a survey by VCCircle. VCCircle, which tracks private investment activity in India, said […]
Asserting there are no quick fixes for grave problems facing the public sector banks, mainly centered around close to Rs 5 lakh crore non-performing assets, ASSOCHAM President Mr Sunil Kanoria today said a paper brought out by the chamber clearly suggests mergers or consolidation of the PSBs is certainly no answer to the present crisis, […]
The new civil aviation policy, as reflected in the draft put out by the ministry of civil aviation, lacks details and is largely a ‘feel good’ document, consultant KPMG said. It will not be very helpful to the civil aviation sector in India, it added. “The draft civil aviation policy reads like a feel-good document, […]
