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Jio adds most subscribers in April; Airtel, VIL lose NEW DELHI: Continuing its growth trend, Reliance Jio added around 80.82 lakh subscribers in April, showed data released by the Telecom Regulatory Authority of India (TRAI) on Monday. Jio’s subscriber base stood at around 31.48 crore at the end of April, it said. State-run BSNL was the only other gainer with …

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Railways mulls to run Delhi-Mumbai, Delhi-Howrah trains at 160 kmh

New Delhi: In a bid to reduce travel time, the Indian Railways, under its 100-day action plan, envisages increasing the speeds of trains on the Delhi-Mumbai and Delhi-Howrah routes at an investment of over Rs 13,500 crore, officials said. A senior railway ministry official told IANS, “In a proposal approved by Railway Minister Piyush Goyal, the Railways plans to increase …

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Niti asks 2, 3-wheeler makers to present EV conversion plan in 2 weeks

PTI New Delhi Government think-tank Niti Aayog has asked conventional two- and three-wheeler makers to suggest within two weeks concrete steps towards transition to electric mobility keeping in mind 2025 deadline, according to sources. At a meeting of the manufacturers and start-up electric vehicle (EV) makers called by Niti Aayog on Friday, the industry was cautioned that if they do …

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India well placed to deal with global trade crossfire: Goyal

PTI New Delhi Commerce and Industry Minister Piyush Goyal Friday said India is well placed to handle the “crossfire” resulting from global trade war on the strength of the country’s economy. At a time when the world is witnessing trade wars across nations, India too will be impacted. “Obviously, in a situation when the world is seeing trade wars across …

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GST Council extends anti-profiteering authority’s tenure

PTI New Delhi The all-powerful GST Council Friday extended the tenure of the anti-profiteering authority by two years and approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers. Briefing reporters after the 35th meeting of the Council, Revenue Secretary A B Pandey said it has been decided …

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Railways want subsidy to go on train tickets

IANS New Delhi Determined to increase its earnings, the Indian Railways is mulling implementing a “give it up” scheme asking passengers to sacrifice the subsidy on train tickets. A senior Railway Ministry official aware of the development told IANS, “The railways have submitted a 100-day plan to the Prime Minister’s Office (PMO) to increase the earnings.” The official said the …

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‘New industrial policy to be announced soon’

New Delhi: The government will soon announce a new industrial policy aimed at promoting growth of industries and creation of jobs, President Ram Nath Kovind said Thursday. Addressing the joint sitting of both Houses of Parliament, the President said work is underway in full earnest to transform India into a global manufacturing hub. “Keeping in view Industry 4.0, a new …

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GST Council meet to decide on tax cut on e-vehicles, NAA extension

New Delhi: The GST Council will on Friday consider slashing GST rate on electric vehicles to 5 per cent, from 12 per cent currently, along with extension of the tenure of the anti-profiteering authority by a year till November 2020, an official said. The 35th meeting of the GST Council and the first under Finance Minister Nirmala Sitharaman will also …

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Economic activity clearly losing traction: Das

Mumbai: The Indian economy has been clearly losing traction and needs a decisive monetary policy to promote growth, said Reserve Bank of India Governor Shaktikanta Das while voting for a 25 basis points (bps) rate cut along with other five members at the MPC meet earlier this month. Das, as per the minutes of the June 3-6 Monetary Policy Committee, …

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Umiya Mercado Mall launched in Margao

PANAJI: Margao is a major commercial town of Goa which lacked a mall and hence we decided to launch the Umiya Mercado Mall in Margao, said managing director of Umiya Mercado, Aniruddh Mehta. At a press briefing held in city on Thursday it was informed that the Umiya Mercado Mall has been launched in Margao. Bringing fun, fashion, fitness and …

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