The cabinet on Wednesday approved the conversion of government of India loan into equity and waiver of interest in respect of Richardson & Cruddas (1972) Ltd. In a meeting chaired by prime minister Narendra Modi, the cabi
A meeting of the Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, has given its approval for initiating the process of winding up of Hindustan Diamond Company Private Limited (HDCPL), a 50:50 joint venture of t
The government is seeking to hire a new joint managing director to steer Air India Ltd’s turnaround and debt restructuring plan. According to a news report published in the Mint, the appointments committee
Many international lighting companies have refused to accept any responsibility for the management of mercury-bearing waste mandated under the new E-waste Rules, 2016. However, the same companies for long have been fulfilling their commitments und
India faces an unenviable challenge of tackling the dual burden of diseases and lack of qualified health personnel. The number of surgeons, anaesthetists and obstetricians per hundred thousand people in India is 6.4 – compared to 59.2 in Bra
Black money, since the colonial times, has been the elephant in the room: it is everywhere and yet rarely talked about. In recent years, however, the middle class has become more strident in demanding action and it has led to a couple of l
Vivek and Ritesh, both six-years-old, from Amerli district were clueless when they sensed sound for the first time in their life. A sense of amusement, mixed with fear, was visible on their faces minutes after they were given hearing ai
State-run Oil and Natural Gas Corp. Ltd (ONGC) has signed definitive agreements with Russia’s national oil company Rosneft PJSC to acquire an additional 11 percent stake in its unit, JSC. It has a licence to produce hydrocarbons from t
Heavy industries ministry is likely to seek cabinet approval for "strategic disinvestment" of loss making automaker Scooters India Limited. The strategic disinvestment means sale of substantial portion of government’s shareho
The department of public enterprises has completed the MoU or the incentive-based target setting exercise for central public sector enterprises CPSEs for the current fiscal. The government has set targets for 234 India’s top state-run
The shipping ministry has prepared a draft bill “Major Port Authorities Act, 2016” to replace the Major Port Trusts Act, 1963, with a view to promote port infrastructure and facilitate trade and commerce. T
Enhancing domestic productivity and production rapidly and sustainably is the only reliable way of minimising volatility in prices of pulses, and safeguarding the interests of farmers and also consumers, said a report by Arvind Subramanian, chief
Gopalbhai Patel, a 51-year-old farmer of Bagthala village in Rajkot district of Gujarat, has always looked at the skies in monsoon, wishing it to rain copiously so that he can grow his crop. Unlike farmers in states like Uttar Pradesh, Har
US president Barack Obama’s announcement of an additional $90 million for clearing unexploded bombs in Laos, almost half a century after they were dropped during the Vietnam War, has brought the spotlight back on cluster munitions. At the ti
The project UberSHAAN will give access to skill development and driver training to the unskilled, help trained drivers receive commercial licenses and support the entrepreneurial ambitions of licensed drivers through vehicle financing and le
India slipped by 10 positions and now ranks 112th amongst 159 countries and territories included in the Economic Freedom of the World: 2016 Annual Report. India’s neighbours Bhutan, Nepal and Sri Lanka ranked 78th, 108th and 1
India is moving closer in signing the much-awaited deal of purchase of 36 Rafale fighter jets from France. As per news reports, work is going on over the Inter-Governmental Agreement. Once that is done, the documents would be reviewed by the Cabin
Niti Aayog, in its report Impact of `Social Service Obligations` by Indian Railways, said that inefficiency in railways cost structure significantly contributes to the losses in passenger service business and hence tariff increase cannot be the on
CPI (M) general secretary Sitaram Yechury said top ten corporate houses alone owe a staggering amount of Rs 7 lakh crore to banks and financial institutions. Yechury, who had written a letter to the prime minister Narendra Modi in
Having clinched a silver and a bronze medal in Rio Olympics 2016, India did much better at the Paralympic Games 2016 by bagging two golds, a silver and a bronze. A total of 19 para-athletes, the largest-ever delegation
