Tuesday , 18 February 2020
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Competition hots up on Mumbai-Nairobi route, airfare drops

New Delhi: The entry of Air India on the Mumbai-Nairobi route has triggered intense competition on the popular route leading to a dip in airfares, bringing cheer for tourists flying to the African nation for a safari to Masai Mara and other leisure activities. A return economy class ticket for the Mumbai-Nairobi sector is currently being sold by Air India …

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Govt to make single regulator for pension products

IANS New Delhi A unified pension products regulator is on the anvil consolidating supervisory powers from SEBI, IRDAI where all superannuation products, schemes and corpus of private insurers will be under the single authority in a bid to make long term funds available to the government for infrastructure and growth schemes, said sources. “The new regulator will only involve pension …

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Bank seeks recovery from Chanda Kochhar

PTI Mumbai The ICICI bank has approached the Bombay High Court seeking effect to “termination of appointment” of Chanda Kochhar as its Managing Director and CEO, and also sought recovery of various amounts from her. In a monetary suit filed on January 10, the bank sought dismissal of Kochhar’s petition and stated that the issue can be decided in a …

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India contracts 28 lakh tonne of sugar exports

IANS Mumbai Indian sugar mills have benefited from the rise in sugar prices in the international market, as the demand for sugar exports from the country has increased and 28 lakh tonnes of sugar export deals have been sealed so far. The increased sugar export demand has led to a spurt in sugar prices in the domestic market. The price …

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UNESCO world heritage city Jaipur, still poorly air connected

Jaipur: Despite joining the list of UNESCO world heritage cities in 2019, Jaipur remains poorly air connected for global tourists and is currently connected only to four countries — Bangkok, Dubai, Malaysia and Sharjah. This is limiting Jaipur’s growth prospects in terms of tourism on a global level, tourism stakeholders said, adding that lobbying from big players in Delhi is …

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BioD Energy sells over 10 mn litres of biodiesel in 2019

New Delhi: Biodiesel maker BioD Energy on Friday said it has sold over 10 million litres of biodiesel within the first year of its plant operations. In a statement here, Delhi-NCR based producer said its facility in Bawal, Haryana, has the capability to produce up to 120 kiloliters (kl) of biodiesel by processing used cooking oil and other multi-feedstock. “Being …

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Over 1,500 delegates to attend IRENA assembly at Abu Dhabi

Abu Dhabi: More than 1,500 delegates and high-level participants, including prime ministers, ministers, heads of international and regional organisations together with leaders from financial institutions and private sector entities, will gather in Abu Dhabi on Saturday for the Tenth Session of the International Renewable Energy Agency (IRENA) Assembly. The decision makers will come together to accelerate the uptake of renewable …

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Govt needs Rs 87k cr to meet disinvestment target: DIPAM

New Delhi: With two months to end the FY20, fiscal disinvestment proceeds have touched Rs 18,094.59 crore till Jan 9, a meagre 17.23% of the target and if this state of affairs remain till March 31, then government would miss the target by a whopping Rs 87,000 crore which is now near impossible to achieve. The target for fiscal 20 …

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Railway officers protest cadre merger

New Delhi: Civil Services officers from 13 railway zones and around 60 divisions have submitted written memorandums running into more than 250 pages against the merger of railway services, alleging the decision was “unilateral” and will negatively impact the safety of trains operations. Big brown envelopes containing the representations against the merger of eight services into the Indian Railway Management …

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Unseasonal rain a blessing for farmers

New Delhi: The winter rainfall across the plains in the north India and other parts has brought cheers for the farmers. Unlike the notion that unseasonal rain causes damage to the crops, this time it is being welcomed by the farming community, who are saying that it is like “gold falling from the sky” as it will boost the Rabi …

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