Wednesday , 26 February 2020
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Silk-Cotton Fab expo underway in Margao Panaji : Silk-Cotton Fab exhibition-cum-sale is underway  at Ravindra Bhavan, Margao, and it will conclude on December 15. The exhibition is open between 10.30 am and 9.30 pm, says a press note issued here. On the display are silk and cotton sarees, suits, dress material, dupattas, fashion jewellery, kurtas, kurties, home décor besides Orissa- …

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I-T dept tax refunds up at Rs 1.57 lakh cr: Revenue Secy

New Delhi: The Income Tax Department has issued tax refunds of Rs 1.57 lakh crore till December 11, Revenue Secretary Ajay Bhushan Pandey said on Friday. Pandey said at a press meet which was held for showing the report card of the government initiated measures that tax refund cases have gone up by 17 per cent to 2.16 crore. He …

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Govt rules out BSNL, MTNL disinvestment

New Delhi: The government on Thursday ruled out any plans to sell stake or disinvestment of ailing telecom PSUs — Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) in the Parliament while fixing a target of Rs 200 crore and Rs 300 crore for them from their asset monetisation in current fiscal. While the specific assets to …

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Tech Mahindra bags Rs 500cr smart city project in Pune

Pune: IT major Tech Mahindra on Thursday said it has won a Rs 500 crore smart city project from Pune’s Pimpri Chinchwad Municipal Corporation (PCMC). Through this project, Tech Mahindra will engage with more than 15 lakh citizens of PCMC by enabling technology-led transformation to convert it into a smart and sustainable city. “As part of our citizen and civil …

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Energy efficient broad gauge Vande Bharat train weighs less

Chennai: India’s own semi-high speed train Vande Bharat or Train 18 is highly energy efficient and also weighs less contrary to some reports, said sources in the Indian Railways. “As per simulations made at Integral Coach Factory (ICF) where Vande Bharat or Train 18 was made, the specific energy consumption (SEC) of gross ton km was 15.4 kWh lesser than …

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‘Low-cost housing, office spaces subdued 2019’

New Delhi: The Indian economy has been through a severe and a prolonged slowdown in 2019 and real estate remained a key element in it. However, according to an Anarock report affordable housing and commercial office spaces remained in demand compared to the other realty segments during the year. “Affordable housing remained upbeat in 2019 thanks to multiple government sops …

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Sitharaman opts out of GoM on IGST

New Delhi: The Centre has changed the composition of the group of ministers (GoM) on integrated goods and service tax (IGST) after finance minister decided to opt out of the ministerial panel headed by her. Deputy Chief Minister of Bihar, Sushil Modi has now been made chairperson of the GoM that is expected to deliberate and suggest measures for increasing …

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Rs 5 lakh cr to be spent in infrastructure: Nitin Gadkari

Bengaluru: The government would spend a whopping Rs 5 lakh crore over the next two years in infrastructure projects to spur the economy and create thousands of jobs, Union Surface Transport Minister Nitin Gadkari said on Tuesday. “We will spend Rs 2 lakh crore in infrastructure projects in this fiscal (2019-20) and Rs 3 lakh crore in the next fiscal (2020-21) to …

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Walmart, Flipkart jointly invest in Ninjacart startup

Bengaluru: Walmart and its Indian arm Flipkart on Wednesday jointly invested in fresh produce supply chain startup Ninjacart, to modernise fresh produce market to benefit consumers, retailers and farmers. “As a homegrown e-commerce company, it is in our DNA to drive change and solve complex local problems in-house through technology. In Ninjacart, we see a company that shares our values, …

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DoT cracks whip, tells telcos to pay pending AGR dues fast

New Delhi: The Department of Telecom (DoT) has asked telecom licencees to speed up the process of self-assessment of adjusted gross revenue (AGR) based dues and the payment of over Rs 1.47 lakh crore and submit comprehensive representation on previous issued demands latest by December 13, 2019. The letter issued by the DoT has been viewed by IANS. The deadline …

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