India

  • India can now take defence assets on lease
    New Delhi, September 28 (IANS): India can take defence assets on lease as and when required and operate without owning thereby, substituting huge initial capital outlays, the Defence Ministry said on Monday while releasing the new defence acquisition procedure. Defence Minister Rajnath Singh unveiled a new Defence Acquisition Procedure 2020 in New Delhi on Monday which took a year to frame after taking all stakeholders on board, including Indian and foreign industries as well as thi
  • Corporate vultures eying small banks, merge LVB with govt bank
    CHENNAI, SEPTEMBER 28 (IANS): The Reserve Bank of India (RBI) should take a prompt and correct action of merging the 93-year-old Lakshmi Vilas Bank (LVB) with a nationalised bank, a top leader of one of the largest bank unions said. "There are a number of corporate vultures that are circling the small-old generation private banks for a take over. These regional banks have their own tradition and culture and taking them beyond certain borders and expanding their size will result
  • Virus sows dread in India's festival season as infections cross 6 million
    NEW DELHI/AHMEDABAD, September 28 (Reuters): India reported on Monday that novel coronavirus infections had topped 6 million, nowhere near the number required for herd immunity in country of 1.3 billion people, and raising anxiety going into the peak period for Hindu religious festivals. India added a million cases in just 11 days, according to a Reuters tally of government data, and it has the second-highest number of infections, behind the United States which crossed 7 million las
  • Electronics body seeks deferral of TCS implementation to FY22
    NEW DELHI, SEPTEMBER 28 (IANS): The India Cellular and Electronics Association (ICEA) has written to the Finance Minister seeking postponement of the implementation of the Tax Collected at Source (TCS) to April 1, 2021. TCS is scheduled to come into effect on October 1. In its letter to Finance Minister Nirmala Sitharaman, the industry body has cited likely cash flow implications, clashing with the TCS implementation with the roll out of the mandatory GST e-invoicing norms among
  • Domestic gas prices may rise as govt explores floor price mechanism
    NEW DELHI, SEPTEMBER 28 (IANS): CNG and piped natural gas prices could face an increase this festive season if the government implements a new floor price mechanism for gas produced from domestic fields by companies such as Oil and Natural Gas Corporation (ONGC). Sources said the petroleum ministry is considering a proposal under which domestic gas will have a floor pricing that would prevent fuel prices from crashing below an identified threshold in the current subdued market condi
  • NABARD gives clean chit to Reliance Commercial Finance (RCF)
    NEW DELHI, SEPTEMBER 28 (IANS): The government owned NABARD which has an over Rs 1,000 crore exposure to Reliance Commercial Finance (RCF) has said that no element of fraud was found in the forensic audit report of Grant Thorton. NABARD is the second largest lender to RCF with over Rs 1,100 Crore of secured loan exposure has given a clean chit to RCF and has removed its red flag. NABARD is a part of the Consortium of Lenders and is signatory to an Inter Creditor Agreement (ICA) e
  • SBI waives processing fee on select retail loans
    NEW DELHI, SEPTEMBER 28 (IANS): To enlarge retail loans and online business, lendin g major SBI on Monday announced a 100 per cent waiver in the processing fee for "Car, Gold, and Personal loans" availed through its integ rated digital banking platform - YONO. "The bank is offering the lowest interest rate starting from 7.5 per cent to customers opting for the car loan. They will also get 100 per cent o n-road finance on select models," the lending major said in
  • Diesel prices down for 3rd straight day
    NEW DELHI, SEPTEMBER 27 (IANS): Diesel prices continued to dip for the third straight day on Sunday on the back of subdued crude oil prices globally. In the national capital, diesel was priced at Rs 70.80 per litre, 14 paise down from Rs 70.94 a litre on Saturday. Similarly, its price fell in the other metros as well. In Mumbai, Chennai and Kolkata, the fuel was sold at Rs 77.22, Rs 76.27 and Rs 74.32 respectively on Sunday, compared to the previous levels of Rs Rs 77.36, Rs 76.4
  • CAIT calls for early roll out of e-commerce policy
    NEW DELHI, SEPTEMBER 27 (IANS): The Confederation of All India Traders (CAIT) has called upon Union Commerce Minister Piyush Goyal to roll out the e-commerce policy at the earliest to curb "malpractices" of large e-commerce players in India. In a statement, the traders' organisation said: "Indian e-commerce ecosystem has been greatly vitiated by large e-commerce companies and in the wake of steep rise of e-commerce share in the Indian domestic trade, it is all the
  • Cos adapting biz models to align with Aatmanirbhar Bharat reality
    NEW DELHI, SEPTEMBER 27 (IANS): With the pitch for an Aatmanirbhar Bharat along with the compulsions of a pandemic-stricken economy becoming a reality, many companies are adapting and re-aligning business models. Organisations across sectors like manufacturing, healthcare, technology and others are working towards adapting and realigning their business models. Sharad Malhotra, President (Automotive Refinishes and Wood Coatings) at Nippon Paint India is looking at make in India in
  • Of 2.56L kids in care homes, TN has most, Arunachal least: Survey
    New Delhi, September  27 (IANS): The National Commission for Protection of Child Rights in its fresh data has revealed that more than 2,50,000 children live in Child Care Institutions across the country of which close to 60,000 alone are in Tamil Nadu. Out of a total of 2,56,369 children living in CCIs, the maximum number of 59,548 live in Child Care Institutions in Tamil Nadu while only 90 children live in CCI's in Arunachal Pradesh. Karantaka has the second highest 38,
  • Engineering student bags global research internship offers amid Covid crisis
    NEW DELHI, SEPTEMBER 27 (IANS): At a time when the whole world is grappling with the dreaded COVID-19 pandemic, 20-year-old Abhishek Agrahari, a third-year Mechanical Engineering student at TIET, Patiala has bagged multiple international research internship offers from various prestigious universities across the globe. International offers received by Abhishek for research work in various scientific fields from reputed global institutes include - University of Oxford, UK; Pennsylvan
  • Jaswant Singh: A soft-spoken former Army officer, astute politician
    New Delhi, September 27 (IANS): A soft-spoken man, former BJP leader Jaswant Singh was one of the founding members of the Bharatiya Janata Party and a leading light of the party when Atal Bihari Vajpayee and Lal Krishan Advani helmed it through the tumultuous period of Indian politics. And with his demise, another party stalwart of that era has passed into eternity. Given that he had retired as a Major-rank officer from the Indian Army, it was no surprise that he was very punctual i
  • Ladakhi leaders to withdraw call for hill council polls' boycott
    New Delhi, September 27 (IANS): A visiting delegation of veteran Ladakhi leaders has agreed to withdraw the call for a boycott of Ladakh Autonomous Hill Development Council (LAHDC) elections scheduled on October 16 after a meeting with Union Home Minister Amit Shah. The delegation has also promised its wholesome support to the smooth conduct of these elections. The delegation was assured that all issues related to Ladakhi language, demography, ethnicity, land and jobs will be considere
  • Printing 'Best before date' on sweets must from Oct 1
    NEW DELHI, SEPTEMBER 27 (IANS): While buying sweets, you must now check the 'Best before date' as it has been made compulsory for the sweetmakers to mention it on the product. The new norm will be in force from October 1. It means the shopkeeper has to inform the customer that till what date the dessert will remain edible. However, it will not be mandatory to write the date of manufacture of the product, as the Food Safety and Standards Authority of India (FSSAI) has left
  • After Rohtang, focus now on Shinku La tunnel amid tension in Himalayas
    MANALI, SEPTEMBER 27 (IANS): Amid the heightened border tension with both China and Pakistan in the Himalayas, road infrastructure projects have been given a push with completion of a marvel of engineering motorways -- the Rohtang Pass highway tunnel. Officials say the focus now is on constructing the strategic 13.5-km-long Shinku La tunnel, the shortest, safer and the third alternative corridor for the armed forces for forward areas of Union Territory of Ladakh. Experts told IAN
  • Centre plans non-tariff barriers on toy imports early next year
    NEW DELHI, SEPTEMBER 27 (IANS): In line with its ambitious plan to make India a toy hub and self-reliant in the segment, the Union government is likely to go a step forward and impose further non-tariff barriers on toy imports. Official sources told IANS that the licence regime for toy imports may start in a phased manner, starting March next year or early FY22. This will be a follow up of quality control order issued for the industry recently. The first priority for the governme
  • BJP's oldest ally SAD quits NDA over farm Bills
    Chandigarh, September 26 (PTI): The Shiromani Akali Dal has quit the BJP-led National Democratic Alliance (NDA) over the farm Bills issue, SAD chief Sukhbir Singh Badal announced Saturday night. He made the announcement after holding a core committee meeting of the party here. “The highest decision-making body of the Shiromani Akali Dal core committee at its emergency meeting here tonight decided unanimously to pull out of the BJP -led NDA alliance,” he said. Accordi
  • BMC chief, Houston Mayor conferred IACC 'Covid Warriors' award
    Mumbai, September 26 (IANS): The Municipal Commissioner of the BrihanMumbai Municipal Corporation I.S. Chahal and Mayor of Houston, Texas, Sylvester Turner were among the Covid crusaders from India and the US, who were honoured with the Indo-American Chamber of Commerce awards, by Maharashtra Governor Bhagat Singh Koshyari, officials said here. Chahal and Turner received the top 'Covid Crusader Award-2020' in the Bureaucrats category of the award, instituted by the IACC and
  • Pak resorts to unprovoked ceasefire violation on LoC
    Jammu, September 26 (IANS): Pakistan army on Saturday targeted Indian positions by using small arms and mortars on the Line of Control (LoC) in Jammu and Kashmir's Rajouri district, officials said. "At around 11.15 a.m. today, Pakistan initiated unprovoked ceasefire violation by firing with small arms and shelling with mortars along the LoC in Nowshera sector of Rajouri district," Defence Ministry spokesperson Colonel Devender Anand said. "Indian army is retali