The finance ministry has conducted an examination of the existing welfare and subsidy schemes of the central governments and identified 532 of them as being suitable to be migrated to the ‘direct benefit transfer’ or DBT model of disbursing of funds. Under the DBT scheme, the scheme benefit is converted into an equivalent monetary value, which […]
An increasing number of government department websites get hacked every year, according to data obtained from the Department of Information Technology. A total of 39 websites belonging to central government ministries and state governments were hacked in the first two months of this year. The number does not include data for government-linked sites, such as […]
The number of people who have given their responses under the government’s ‘Operation Clean Money’ has reached 8.38 lakh as of Mar 9, slightly less than half the 17.92 lakh people to whom questions have been sent. The questions were sent in late January and early February, and were supposed to have been replied to last […]
The ministry of personnel, public grievances and pensions has refused to provide an answer to the Parliament on whether the proposed amendment to the Prevention of Corruption Act will make investigation of corruption charges against officials difficult. The ministry — which oversees all administrative matters relating to central government employees — has reportedly formulated an […]
A large proportion of the posts for judges in the various High Courts in India are lying vacant, resulting in painfully slow dispensation of justice, according to law ministry numbers. Out of a total of 1079 posts of judges in all the High Courts in India, a whopping 442 are lying vacant as of last […]
RPP Infra projects Ltd said it received a contract worth Rs 254 mln from Tamil Nadu Civil Supplies Corporation to construct scientific storage godown at Kodavasal village & taluk in Thiruvarur district. The godown is of 2500 MT and is to be completed within 24 months. R.P.P Infra Projects Ltd, founded in 1988, is a […]
The Government has approved the establishment of Indian Institute of Management at Jammu in a temporary campus at Old Government College of Engineering & Technology from the Academic Year 2016-17. The project will involve a cost of Rs 62 crore in temporary campus for the initial four years from 2016 to 2020, said the government. […]
Govt of India has constituted a high level technical team to visit the Cauvery basin area on the 7th of this month to assess the ground realities in the basin. The team will meet at Bengaluru for a preparatory meeting and subsequent visit to the Cauvery basin area for assessing the ground realities and submit […]
Premier Explosives, a Hyderabad based commercial explosives manufacturer, said it has won a Rs 27.7 crore order from Bharat Dynamics Limited for the supply of booster grains. The order will be delivered by end of June next year, said the company. Booster grains are used as solid fuel for missiles. Premier had delivered the 1,000th […]
Canara bank said it has been chosen as the joint venture partner by the government of India for the establishment of a Higher Education Financing Agency. The Higher Education Financing Agency or HEFA is a not-for-profit agency with initial capital base of Rs. 1000 Crore and was announced in the last budget. It would be […]
The government is likely to come with an amended HIV and AIDS (Prevention and Control) Bill, 2014, which was approved by the cabinet today. The HIV and AIDS Bill has been drafted to safeguard the rights of people living with HIV and affected by HIV. The provisions of the Bill seek to address HIV-related discrimination, […]
To ensure the safety of bridges in the country Road Transport & Highways and Shipping Ministry launched the Indian Bridge Management System. IBMS is developed to create an inventory of all bridges in the country and rate their structural condition so that timely repair and rehabilitation work can be carried out based on the criticality […]
The Ministry of Finance said sports infrastructure will be included under the harmonized master list of infrastructure subsectors, easing the flow of investments and incentives to the sector. The decision was taken after a series of meetings and discussions with different agencies including RBI. This inclusion would bolster investment in sports infrastructure sector which will […]
Government of India invested Rs 508 cr into Corporation Bank, raising its stake from 67.2% to 70.76%. The investment came in the form of fresh purchase of equity at a price of Rs 40.78 per share. The shares are currently trading at Rs 44.70. They rose by 3% today on the NSE. Corporation Bank is a public […]
Housing & Urban Development Corporation Ltd., a wholly owned Govt. of India enterprise, said it raised a sum of Rs 1300 crore through debt. The amount was raised through placement issues of unsecured, redeemable and non-convertible bonds. While the issue of Rs 700 crore was raised at 7.36% on September 16 and the second tranche […]
Government of India has signed a 15-year contract with the International Seabed Authority (ISA) for the exploration of Poly-Metallic Sulphides deposits, which constitutes of gold, platinum, iron, copper, zinc and silver, in the Indian Ocean, said the Ministry of Earth Sciences. By signing the 15-year contract India’s exclusive rights for exploration of Poly-Metallic Sulphide deposits […]
Uttam Sugar Mills Ltd informed that it obtained acknowledgement from the government of India after doubling its Ethanol distillery capacity. The company, engaged in production of sugar, Ethanol and power generation, said it has doubled its existing ethanol capacity is 22,500 Kilo Liters (KL). Under India’s industrial rules, large enterprises are required to inform the […]
The amount realised through the 5th Tranche of Sovereign Gold Bond (SGB) Scheme, is expected to cross Rs. 820 crore, the ministry of finance said. This was mobilised through over 2.00 lakh applications representing around 2.37 tonnes of gold. “These numbers are likely to go-up further as the receiving offices are still in the process […]
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, said it has approved capital funding of Rs 5,176 crore to GAIL for development of 2539 km long Jagdishpur-Haidia and Bokaro-Dhamra gas pipeline project. The approved fund will be 40% of the total capital cost of Rs 12,940 crore for the […]
The Ministry of Commerce & Industry said it has received approval from the Cabinet Committee on Economic Affairs for initiating the process of winding up of Hindustan Diamond Company Private Limited (HDCPL) a 50:50 joint venture of the Government of India and De Beers Centenary Mauritius Limited. The winding up of HDCPL is not likely […]
