29 mineral blocks put on the block till date: Piyush Goyal

A total of 29 mineral blocks with a combined estimated resources of Rs 1.56 lakh crore have been auctioned so far, the government said as per the PTI report. "As on date, 29 mineral blocks with an estimated total value of resources of Rs 1,56,746 crore have been auctioned in Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan,"

Reliance Capital`s shareholders approve demerger scheme

Financial services major Reliance Capital on Monday said its shareholders have approved the demerger scheme for Reliance Home Finance.

According to the company, the demerger scheme -- which will facilitate in the independent listing of Reliance Home Finance -- was approved by 99.59 per cent votes in favour of the "Scheme of Arrangement" at the Tribunal-convened General

Railways didnt take adequate steps to improve parcel services: CAG

The Indian Railways did not take adequate steps to put in place infrastructural and other arrangements for improvement in parcel services, which was estimated to grow from Rs 1,644 crore in 2011-12 to Rs 8,000 crore in 2019-2020, the CAG said in a report as per the PTI.

"During 2013-2014 to 2015-2016 though the parcel earnings increased by 11.4 per cent, the tonnage carried in pa

India, Bangladesh sign MoU for new waterways: Minister

According to a Government Official, Bangladesh and India have signed a Memorandum of Understanding (MoU) to connect the north-east and West Bengal with Bangladesh through new waterways. Commenting on the issue, Union minister Mansukh Mandaviyatold the media, "The new waterways would enable transportation of people and goods by ships.

They would be set up by using the major rivers

Social media wooing away time spent on newspaper, TV: Report

“While it is true that the Indian newspaper industry remains robust with a print order of about 62 million and the common households continue to remain loyal to their morning newspapers, the time spent on reading among the family members is witnessing a sharp inclination in favour of social media, with Facebook leading the pack,” the ASSOCHAM Paper observed. The time spent on newspa

NITI Aayog approves Rs 18k cr for high speed rail projects

The premiere think-tank of the Government of India, NITI Aayog has approved investments worth Rs 18,000 crore for high-speed rail projects for major routes of Delhi-Mumbai and Delhi-Kolkata, Union Minister for Railways, says Suresh Prabhu at an ASSOCHAM event. “We are working on Gatiman Express which is India’s fastest train at 180 km per hour and trying for Mumbai-Delhi and Delhi-K

IRCTC to install 1,100 water vending machines at stations

The Indian Railway Catering and Tourism Corporation (IRCTC) has said that it plans to install 1,100 water vending machines at 450 stations in 2017-2018 as part of its efforts to ensure clean drinking water at low cost in rail premises across the country. A glass of 300 ml water dispensed through these machines will cost just Re 1.

Commenting on the issue, a railway ministry official t

CCEA approves government stake sale of HPCL to ONGC: Pradhan in LS

The Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the sale of the government's 51.11 per cent stake along with the management control of HPCL to the ONGC, Oil Minister Dharmendra Pradhan said today. Hindustan Petroleum Corporation Ltd (HPCL) will continue as a public sector undertaking after Oil and Natural Gas Corporation Ltd (ONGC) acquires its stake, th

FPIs pour in $2.4 bn into capital markets in July on GST rollout

Overseas investors have pumped in $2.4 billion in the capital markets this month, enthused by trouble-free roll-out of GST and on hopes of better corporate earnings, taking the total to $25 billion so far this year. The latest inflow follows net infusion of Rs 1.6 lakh crore in the previous five months (February-June) on several factors. In January, they had pulled out over Rs 3,496 crore. Dine

Data has become the new oil: Nandan Nilekani

Describing data as the "new oil", Infosys co-founder Nandan Nilekani said India has a chance to build a completely new paradigm as he made a strong pitch for democratising data so that it is available to everybody and not just a few organisations, reported PTI.

"Data has become the new oil. Just like oil was the basis for transformation of the 20th century, data is the

Road ministry plan cause Rs 1.85 cr unfruitful expenditure: CAG

The road ministry's inefficient planning and monitoring led to unfruitful expenditure of Rs 1.85 crore on the eight traffic counters procured from Canada in 2008, the CAG said as per the PTI report. "The ministry procured (March 2008) eight Weigh-in-Motion cum Automatic Traffic Counter cum Classifiers. While two machines were commissioned after a delay of almost eight years, the remain

Fincare SFB commences small finance bank ops

RBI said Ahmedabad-based Fincare Small Finance Bank has commenced operations as a SFB from, reported PTI. "Fincare Small Finance Bank Limited has commenced operations as a small finance bank (SFB) with effect from July 21, 2017...To carry on the business of small finance bank in India," RBI said in a notification.

Disha Microfin, small finance bank licence recipient by RBI i

IRCTC forms new policy to upgrade food quality

A day after the CAG released a report critical of the food served in stations and trains, the Ministry of Railways today said the IRCTC has formed a new catering policy by unbundling the current services on trains.

In order to upgrade the quality of food preparation, the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) will set up new kitchens and upgrade existing ones, the

MF folios touch record-high of 5.8 cr in June

Showing a growing traction for mutual funds among investors, the number of folios has grown by over 93 lakh to an all time high of 5.82 crore at the end of June 2017, from the year-ago level, driven by strong participation from retail investors.

According to data from the Securities and Exchange Board of India (Sebi) on total investor accounts with 42 active fund houses, the number of

RBI plans to sell government securities worth Rs 100 bn on August 10

The Reserve Bank on Friday said it will sell government securities under open market operations for an aggregate amount of Rs 100 billion on August 10, 2017 via multi-security auction. “Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct sale of Government securities under Open Market Operations for an aggregate amount o

Trai to begin consultation on mobile apps seeking user data

Mobile apps seeking blanket access to phone users' information -- even if irrelevant to their functions -- have come under the lens of Trai, which will start consultation on data privacy and security in the telecom sector, according to a top official. "There should be a link between what an application does and information the application is asking for... You will see a consultation pa

Mines should be operational faster after auction: Narendra Modi

Prime Minister Narendra Modi has said that he wants faster operationalisation of mines after their auction. As per reports, Modi was given a presentation on coal mine and mineral block auctions by senior government officials. Commenting on the issue, a Government Official told the media, "The Prime Minister emphasised on a roadmap for faster operationalisation of mines, post-auction."

700 power connections given in single day in Ghaziabad

A total of 700 power connections, under the UP government's new "Power to All" scheme, were sanctioned in a single day at a mega camp here on Sunday, an official said.

Uttar Pradesh Power Corporation Ltd's Superintending Engineer B.M. Sharma said that in the city, 59 connections were given to poor families without any charge, 379 to normal users and 15 in the cluster

Delhi Metro staff call off Monday strike after talks

The Delhi Metro Rail Corporation's (DMRC) non-executive employees have called off their threatened strike from Monday in support of their demands, official sources said on Sunday.

Demanding a hike in salaries, a section of the Delhi Metro's non-executive employees, led by some Staff Council members, had announced a strike from Monday.

The decision to call it off came

India launches first R&D facility for high-end fuels, gas

 India has launched its first petroleum Research & Development (R&D) facility for testing high-end BS-VI quality fuel emissions, according to an official here.

Operated by state-run Indian Oil Corp (IOC), the R&D facility is designed to test all types of fuel including petrol, diesel, ethanol-blended petrol, bio-diesel, CNG, LNG, hydrogen-CNG and 2G-ethanol blends to

Kolkata metro evaluates GST impact on East-West project

Kolkata Metro Rail Corporation (KMRC) is evaluating the possible impact of Goods and Services Tax (GST) on the estimated cost of its East-West project in the city, a top company official said on Saturday.

The estimated project cost of the East-West metro was pegged at Rs 8, 996 crore. 

"We are working out the impact of GST on the cost of the project. We already hav

Delhi government doubles honorarium for Anganwadi workers, helpers

The Delhi government has decided to double the honorarium of around 22,000 Anganwadi workers and helpers here, Deputy Chief Minister Manish Sisodia said on Saturday.

The honorarium of Anganwadi workers has been increased from Rs 5,000 to Rs 9,678 and of Anganwadi helpers from Rs 2,500 to Rs 4,839, Sisodia said. 

He said the decision was taken in a cabinet meeting chaire

Delay by Railways in electrification projects: CAG

The Comptroller and Auditor General (CAG) came down heavily on the Railways for the delay in processing, assigning and completing the projects for electrification.

It also said that the railways did not adopt the e-tendering system to reduce the tender processing period.

The CAG in its report, which was tabled in Parliament on Friday said it had done an audit on the 14 compl

Mines should be operationalised faster after auction: Narendra Modi

 Prime Minister Narendra Modi on Friday called for faster operationalisation of mines after their auction.

A PMO release said that Modi was given a presentation on coal mine and mineral block auctions by senior government officials.

"The Prime Minister emphasised on a roadmap for faster operationalisation of mines, post-auction," the release said.

Mo

India to host cyber space conference in November

The fifth Global Conference on Cyber Space (GCCS), which will be hosted by India for the first time in November 2017, will be inaugurated by Prime Minister Narendra Modi, Union Minister Ravi Shankar Prasad said here on Friday.

Themed "Cyber4All: an inclusive, sustainable, developmental, safe and secure cyberspace", the GCCS will be held from November 23 to 24 here, said a st