Monday , 19 November 2018
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India’s first engine-less train unveiled

IANS   CHENNAI The Rs 100-crore indigenously developed high-tech, energy-efficient, self-propelled or engineless train was flagged off by Railway Board chairman Ashwani Lohani here on Monday. Soon after Lohani waved the green flag, the white-coloured train with a dash of blue moved few yards in the Integral Coach Factory (ICF) amid the beating of drums in celebration. Officials said India’s ... Read More »

ECONOMIC SCAN

Morajkar term on ZRUCC extended until 2020 PANAJI: Gangaram Morajkar, chairman, consumer affairs committee, GCCI has been re-nominated on the zonal railway users consultative committee (ZRUCC), south western railway, Hubbali, for the years 2018-2020. The re-nomination is by the ministry of railways, Delhi. Improvement of passenger services and facilities provided by railways, opening of new stations, restarting of Vasco-Miraj and ... Read More »

Modi bats for new tech in agriculture sector

PTI   NEW DELHI Prime Minister Narendra Modi Friday inaugurated  the ‘Krishi Kumbh’ in Lucknow as he expressed hope that the event will pave the way for new technology to be imbibed in the agriculture sector. Addressing the event via video conference, he appreciated the Uttar Pradesh government for its efforts in augmenting the procurement of foodgrains. Amid concerns over ... Read More »

RERA: poor implementation poses challenge to home buyers

IANS   KOLKATA More than a year after implementing the Real Estate (Regulation and Development) Act (RERA), the legislation remains a non-starter on the ground in many states, posing a challenge to home-buyers and developers, experts say. Among the states and Union Territories in India, Maharashtra takes the pride of place when it comes to proactive adoption, implementation and integration ... Read More »

Petrol price cut by Rs 2, diesel by Rs 1 in last 8 days

PTI   NEW DELHI Petrol price has been cut by nearly Rs 2 per litre and diesel by Re 1 a litre in the last eight days on the back of softer international rates, an official statement said Friday. Petrol price has been reduced by Rs 1.98 per litre and diesel by Rs 0.96 a litre during the last eight ... Read More »

India to surpass UK in aviation industry by 2024

UNI   GENEVA India will take the third place after the United States, surpassing the United Kingdom by 2024, global airline International Air Transport Association said on Thursday. The Association said China will also displace the United States as the world’s largest aviation market in the mid-2020s. The rebalancing of China’s economy towards consumption will support strong passenger demand over ... Read More »

Ericsson rolls out export of 5G-ready telecom equipment

NEW DELHI In line with the “Make in India” programme, Swedish communication services giant Ericsson on Thursday commenced the export of 5G-ready telecom equipment from its manufacturing facility in Pune, Maharashtra, to markets in Southeast Asia.  The initial shipments consisting of Ericsson’s 5G-ready radio base stations and microwave equipment for 2G, 3G and 4G technologies have been delivered to Indonesia, ... Read More »

SBI Life clocks 11% rise in net profit at Rs 250 cr in Q2

PANAJI: SBI Life Insurance Company Friday reported a rise of 11 per cent in its net profit at Rs 250.53 crore in second quarter ended September of the current fiscal. The insurer had registered a net profit of Rs 225.47 crore in the same quarter of fiscal ended March 2017. The gross premium income (first year, renewal and single premium ... Read More »

April-September deficit crosses 95% of target

IANS   NEW DELHI India’s budgetary fiscal deficit for the April-September period at Rs 5.95 lakh crore accounted for 95.3 per cent of the full year’s target of Rs 6.24 lakh crore, mainly owing to slow revenue growth during the first half of the year, official data showed on Thursday. The data furnished by the Controller General of Accounts (CGA) ... Read More »

Cabinet okays India-Taiwan investment pact

IANS   NEW DELHI The Union Cabinet on Wednesday approved a bilateral investment agreement between India and Taiwan that is expected top help project India as a preferred foreign direct investment destination to the East Asia. “The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the signing of Bilateral Investment Agreement (BIA) between India Taipei Association (ITA) ... Read More »