India to phase out 5.5 GW of coal-fired power plants

NEW DELHI - India has identified 5.5 gigawatts (GW) of inefficient coal-fired power plants to be retired, Power Minister Piyush Goyal told lawmakers on Thursday, as the country looks to cut emissions and make better use of its coal reserves.

The Central Electrical Authority (CEA) has identified coal-fired plants which are more than 25 years old for retirement in a pha

TRAI trying to conclude IUC review soon

Indian telecom regulator plans to conclude the long-drawn interconnection usage charge (IUC) review as soon as possible, a top official said here on Thursday.

"I can't give a deadline. I think it will take some time, but we will do it as soon as possible. We have heard and consulted everybody. TRAI (Telecom Regulatory Authority of India) takes six months to conclude a particu

Need to catch up with changing railway technology: Suresh Prabhu

Railway Minister Suresh Prabhu on Thursday described tracks as the backbone of Indian Railways and said it is necessary to catch up with the changing technology for better outcomes.

"Indian Railways is a very professional organisation that carries out both policy and implementation successfully," Prabhu said.

He was addressing the International Technical Seminar on

Planning to auction Goa mining leases: Manohar Parrikar

The Goa government is planning to auction mining leases which are due to expire in 2020, Chief Minister Manohar Parrikar told the state legislative assembly on Thursday.

Parrikar, also the Minister of Mines and Geology, said that there are 277 valid iron ore mining leases in the state.

"So far 89 mining leases are renewed and 188 leases have got benefit of dee

B2B startups coming up in big way:T V Mohandas Pai

Tech investor T V Mohandas Pai said business-to-business startups are coming forth in a "big way" despite difficulties in running them when compared to business-to-consumer startups, reported PTI. Quoting a report, he said there are 20,000 startups in India and 90 per cent of them are B2C, because they are started by young people barely out of college. For them B2C becomes easy becaus

Cabinet nod for modified implementation strategy of BharatNet

The Cabinet approved the 'Modified Implementation Strategy' of BharatNet project for providing broadband connectivity to all gram panchayats by March 2019, according to an official source as per PTI report. "The Cabinet has approved the modified implementation Strategy of BharatNet towards realisation of vision of digital India," the media report said quoting the source.

Around 53% of rail accidents due to derailment: Rajen Gohain

The Indian Government has said that of a total of 586 rail accidents in last five years, nearly 53 per cent were due to derailments. Commenting on the issue, Minister of State for Railways Rajen Gohain told the media, “In last five years (2012-13 to 2016-17) out of a total of 1,011 casualties, 347 occurred due to derailments, 67 in MLC accidents and 449 in UMLC accidents. These together a

Vijayawada airport runway extension gets Ministry nod

The Ministry of Environment, Forests and Climate Change has said that it has given permission for the extension of runway at the Vijayawada airport in Andhra Pradesh to meet the current demand and facilitate landing and take off of bigger aircrafts. As per reports, a proposal submitted by the Airport Authority of India claims that the existing airport is currently handling about 40 operations p

IGI travelers to be refunded extra airport levy: Reports

According to aviation regulator DGCA, passengers flying to and from the Indira Gandhi International (IGI) Airport after July 7 can claim a refund of excess airport charges paid as part of their airfare. As per reports, this follows a recent tariff order slashing User Development Fee (UDF) for domestic passengers flying out of Delhi airport to Rs 10 from Rs 275-550.

The levy was reduce

Cabinet clears IWAI raising Rs 660 cr via bonds in FY18

The Union Cabinet on Wednesday approved the revalidation of permission to raise Extra Budgetary Resource (EBRs) of Rs 660 crore as Government of India Bonds by Inland Waterways Authority of India (IWAI) in 2017-18. “The proceeds from the bonds will be utilized by IWAI for development and maintenance of National Waterways (NWs) under National Waterways Act, 2016 (effective from 12.4.2016).

Cabinet clears IRDAI signing pact for information exchange

The Cabinet gave ex-post facto approval for regulator Irdai's admission as a signatory to IAIS Multilateral Memorandum of Understanding amid increasing integration of financial markets, a release said as per the PTI report. International Association of Insurance Supervisors (IAIS) is a global framework of cooperation and information exchange between insurance supervisors.

"Th

BJP MP demands special Parliament session on farmer issues

 Claiming that loan waivers was not a permanent solution to problems faced by peasants, BJP's Lok Sabha member Virendra Singh 'Mast' on Wednesday sought a special session of Parliament to discuss various issues concerning Indian farmers.

"The Constituent Assembly drafted the Constitution of India. The same way, we should call a special Kisan Sabha to address

June`s domestic air passenger traffic up 20%

Domestic air passenger traffic rose by 19.98 per cent in June to 95.68 lakh from 79.75 lakh reported for the corresponding month of last year, official data showed on Wednesday.

On a sequential basis, total domestic air passenger traffic had risen by 17.36 per cent to 1.01 crore in May.

According to the data furnished by the civil aviation regulator Directorate Gen

Scientists working on indigenous technology for biofuels: Dharmendra Pradhan

Indian scientists are working to develop a new model of biofuels' use through application of indigenous technology and the government hopes to unveil some results of this research in the coming days, Petroleum Minister Dharmendra Pradhan told te Rajya Sabha during the Question Hour on Wednesday.

Under the government's ethanol blended petrol (EBP) programme, state-run oil

Indian government refiners to buy less Iran oil in 2017/18: oil minister

NEW DELHI - India's state refiners plan to buy less Iranian oil in 2017/18 compared with the last fiscal year, Oil Minister Dharmendra Pradhan said on Wednesday.

Iran has offered a credit period of 60 days for oil purchases in the current fiscal year, Pradhan told lawmakers in a written response. In 2016/17, Iran had offered 90 days credit period.

The mi

Agriculture biggest strength of economy; bamboo policy soon: Nitin Gadkari

Terming agriculture as the biggest strength of Indian economy, Union Minister Nitin Gadkari today wondered how could the previous government spend Rs 70,000 crore for buying aircraft at a time when several states did not have irrigation facilities. Stressing on the need of agricultural diversification towards energy like manufacturing of ethanol, he said the government is likely to bring a poli

Anti-dumping duty likely on certain type of synthetic rubber

The government may impose anti- dumping duty of up to USD 266 per tonne on a certain type of rubber, used in items like footwear and conveyor belts, from EU, Korea and Thailand, reported PTI. Imposition of the duty is recommended by the Directorate General of Antidumping and Allied Duties (DGAD), an investigation arm of the commerce ministry, with a view to guard domestic players from cheap imp

India mulls buying coking coal from Canada: Minister

The Union Steel Minister Birender Singh has said that the government is considering strategic importance of Canadian coking coal for the Indian steelmakers, which are projected to increase in the future keeping pace with the increase in steelmaking capacity in India. During his Canada visit earlier this month, Birender Singh had extensive interaction with the Natural Resource Minister, Governme

Negative growth to slow down to 17% in Quarterly Result: FICCIs Survey

FICCI’s latest quarterly survey on manufacturing suggests slight improvement in the manufacturing sector outlook in the April–June quarter of the fiscal as the percentage of respondents reporting higher production in first quarter have increased vis-à-vis previous quarter. “The survey highlighted that the percentage of respondents reporting lower production has reduced

Fertilizers supply surpasses requirement in India: Governmenr

The availability of fertilizers far exceeds the requirement in India, said Union Minister of State for Chemicals and Fertilizers, Shipping, Road Transport & Highways, Mansukh L. Mandaviya. "Nowadays, scarcity of fertilizers has become a thing of the past in the country which has been possible due to the visionary policies of Prime Minister Narendra Modi," the Minister informed Lok

Lenovo unveils future-ready laptops for millennials in India

Aiming to provide powerful computing to millennials in India, Chinese technology major Lenovo on Wednesday unveiled new additions to its Yoga and Ideapad range of future-ready laptops.

Yoga 720 is available for Rs 74,500 and Yoga 520 for Rs 39,600. 

In the Ideapad series, Ideapad 720S, Ideapad 520S and Ideapad 320S are available for Rs 74,850, Rs 47,450 and Rs

Air passenger traffic expected to rise to 126 mn

The government expects a rise in domestic air traffic to about 126 million passengers during 2017-18, parliament was told on Tuesday.

"Going by the annual growth rate of 22 per cent (provisional) for the year 2016-17, the domestic air traffic, carried by scheduled Indian carriers, could reach about 126 million passengers during 2017-18," Minster of State for Civil Aviat

No `firm proposal` for biometric flight boarding system : Jayant Sinha

There is "no firm plan" to introduce a biometric system for boarding planes, Union minister Jayant Sinha said in the Rajya Sabha according to the PTI report. The statement comes a month after the Ministry of Civil Aviation said within three to four months, it would be mandatory for air travellers in the country to provide unique identification (UID) like Aadhaar card, passport or PAN,

India-Russia JV for Kamov choppers registered, negotiations on

An Indo-Russian joint venture to manufacture 200 Kamov military helicopters in India under a $1 billion deal has been registered in India and it will finalise the delivery schedule and the number of units, officials from Russian Helicopters, part of State Corporation Rostec, said.

Interacting with a select group of journalists on the sidelines of the International Air show MAKS in Mos

Tourism sector saw around 23% increase in FEEs in June: Government

The tourism sector had witnessed an increase of around 23 per cent in foreign exchange earnings (FEEs) in June 2017 over June 2016, the government said as per the PTI report. According to a statement from the tourism ministry, FEEs in June, 2017 amounted to Rs 13,088 crore as compared to Rs 10,677 crore in June, 2016 and Rs 9,564 crore in June, 2015. The rate of increase in FEEs in June 2017 ov