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Business houses donated Rs 956.77 crore to political parties in 4 years

Business houses loosened their purse strings while making donations to political parties, showed an analysis carried out by Association for Democratic Reforms (ADR).   Various sectors of business houses, between FY 2

PPP model in metro rail may not be a good idea

The PPP model has been made mandatory in metro rail projects, but it has not been successful in at least three cities – Delhi, Mumbai and Hyderabad.  The cabinet chaired by prime mi

India must have a cyber security framework: Deloitte

In absence of proper regulatory and supervisory capabilities, some regulators in Asia-Pacific region believe the next financial crisis might be triggered by a cyber attack, said a new report on cyber security. According to Deloitte`s &ls

Industrial performance has weakened: RBI panel

There is a need for speedier clearance of projects by states, RBI’s monetary policy committee said and added that there is an urgent need to reinvigorate private investment, remove infrastructure bottlenecks and provide a major thrust to t

First cargo of IndianOil’s crude oil imports from US shipped

 In a big leap aimed at diversifying its crude oil sources and boosting the country’s energy security, IndianOil Corporation has begun crude oil imports from the US. The first cargo of high-sulphur ‘Mars’ crude oil

Modi keeps his word: Turns up heat on benami properties

When prime minister Narendra Modi spoke about action against benami properties while delivering the I-Day address from the Red Fort ramparts, he was in fact fulfilling a promise he made during the last Mann ki Baat of 2016.  

REC posts profit of Rs 1,890 crore

 Rural Electrification Corporation (REC) Limited’s, total income, as on June 30, has risen to Rs 34,614 crore as against Rs 29,952 crore in the previous corresponding quarter. The profit before tax (PBT) for the quarter is Rs 1,890 cror

IRCTC unveils international tour packages

 Indian Railway Catering and Tourism Corporation Ltd. (IRCTC), an Indian Railways’ PSU, has come up with an International tour package based on leisure and pilgrimage theme. IRCTC is one of the biggest e-commerce website acros

SAIL achieves significant growth in turnover

 Steel Authority of India Ltd (SAIL) clocked a turnover of Rs 12,860 crore in the first quarter of 2017-18 FY, registering a growth of 26 percent over the turnover of Rs 10,180 crore achieved in corresponding period last year (CPLY).

ONGC Foundation gives aid to National Cancer Institute

 ONGC has granted Rs 100 crore to turn the vision of affordable world class cancer care facilities in central India into reality. The National Cancer Institute’s (NCI) first phase at Nagpur was unveiled on August 13, 2017 in the presenc

India and China will live side by side: Dalai Lama

Tibetan spiritual leader Dalai Lama has said that neither India nor China has the ability to defeat each other.    The 14th Dalai Lama was giving the inaugural lecture at the launch of a course on ‘Secular

BSNL unveils special tariff voucher for roaming

 BSNL has decided to allow the benefit of voice calling/SMS, special tariff voucher (STV) and combo vouchers in national roaming to its customers on the occasion of 71st Independence day on pan-India basis from August 15, 2017. BSNL

A remembrance of things past

As India celebrates 70 years of freedom, Governance Now looks back and picks 70 words – or phrases, buzzwords, slogans, events – that best define this ancient nation and young democracy. Here, you will find much to be proud of

Farm loan waivers to lead to deflationary shock: Economic Survey

Farm loan waivers could reduce aggregate demand by as much as 0.7 percent of GDP, imparting a significant deflationary shock to an economy yet to gain full momentum, said the Economic Survey 2016-17 Volume 2.   The s

Gorakhpur deaths: NHRC notice to UP government

 The National Human Rights Commission (NHRC) has issued a notice to the Uttar Pradesh government following the death of several children in the BRD Medical College, Gorakhpur. The commission has called for a detailed report along with the ste

Finance ministry ropes in EESL for energy saving

 In its bid to bring down energy consumption by old government buildings that consume huge amount of power, the ministry of finance has asked central government establishments to install energy efficient appliances across India. The

Railways introduces high capacity parcel vans

To meet the demand of full vehicle load perishable traffic, Indian Railways has developed high capacity parcel vans, having capacity of 23 tonnes. These vans are attached to passenger trains subject to operational feasibility. To fa

More CCTV cameras for Chennai and Madurai airports

In order to bolster security, the airports authority of India (AAI) has assessed an additional requirement of 400 CCTV cameras for Chennai and 57 cameras for Madurai airport. At present, Chennai airport is having 651 CCTV cameras wh

Significant growth in air freight at Indian airports

Minister of state for civil aviation Jayant Sinha in a reply to a question in the Lok Sabha said that air freight handled at Indian airports has grown by over 20 times from 0.08 million metric tonnes (MMT) in 1972-73 to 2.5 MMT in 2014-15.

CSL equity issue oversubscribed

Union minister of road transport and highways and shipping, Nitin Gadkari said the government’s commitment to develop infrastructure has bolstered the faith of investors which has resulted in 76 times oversubscription of IPO of Cochin Shipya

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