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Shopping festival underway in Margao

NT NETWORK Margao As part of the fund raising activity and to give a better service to the community, the Margao Ambulance Trust has organised a shopping festival which is currently underway till February 2 at the SGPDA, meat market, pick-up parking ground, from 10.30 am to 8.30 pm. The festival was inaugurated in the presence of Margao MLA Digamber …

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IndiGo shareholders reject proposed resolution to amend AoA

IANS New Delhi  Shareholders of InterGlobe Aviation, the firm which runs the airline IndiGo, on Wednesday, rejected a proposed resolution to amend the company’s Articles of Association (AoA). According to the company, the shareholders voted against the proposed resolution at an Extra-Ordinary General Meeting (EGM) which was called on the request of Rakesh Gangwal, and The Chinkerpoo Family Trust (RG …

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Sensex skids 285 points on F&O expiry; RIL slumps over 2%

PTI Mumbai Equities resumed their downward spiral on Thursday as concerns over the China coronavirus outbreak sapped risk appetite amid expiry of January derivatives contracts. India on Thursday reported its first case of the novel coronavirus, with a student testing positive in Kerala. After swinging over 550 points during the day, the 30-share BSE Sensex settled 284.84 points, or 0.69 …

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Budget: Govt may trim PM-Kisan allocation by 20% to Rs 60,000 cr

PTI New Delhi The government may reduce allocation for the PM-KISAN scheme by 20 per cent to around Rs 60,000 crore in the upcoming Budget due to implementation hurdles in some states, according to sources. The centre had allocated Rs 75,000 crore in the Budget Estimate (BE) for 2019-20 to implement the PM-KISAN scheme, under which Rs 6,000 is being …

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Railways identifies 6 high-speed corridors, 4 DFCs

IANS New Delhi The Railways has identified six new high-speed and semi-high speed rail corridors in the country and also four new Dedicated Freight Corridors, and the detailed project reports on these sections has been sought. Railway Board Chairman V K Yadav said, “The Railways has identified six sections for high speed and semi-high speed rail corridors. And the detailed …

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NGOs received highest foreign donations under Modi government

IANS New Delhi For all the talk about the Modi government ostracizing NGOs and tightening the rules for foreign funding and cancelling licenses of thousands of NGO, the highest ever inflow of foreign donations has come under its watch. While the subject of foreign donations for non-governmental organizations has always been controversial, a look at numbers in the last two …

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Coronavirus: India Inc concerned, markets see fall

IANS New Delhi India Inc, as well as domestic stock markets, have showed concerns over the spreading cases of Coronavirus and its impact on global trade recovery. The new virus, which is of the same genre as SARS of 2003, was first reported in WHO Disease outbreak news on January 5 in China’s Wuhan. Till now it has progressively spread …

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FinMin asks govt depts not to rush last minute spending

IANS New Delhi In a bid to contain the fiscal deficit in the face of a likely huge revenue receipt shortfall, Finance Ministry has asked other ministries and departments not to rush expenditure in the last quarter (Jan-March) of the current financial year which it says will be treated as breach of financial propriety while limiting to those expense for …

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HDFC pitches for one-time loan recast for realty projects

PTI Mumbai Ahead of the presentation of the Union Budget 2020-21, largest pure play home financier HDFC on Tuesday pitched for a one-time loan recast for realty projects. Its chairman Deepak Parekh said lenders are not able to write new loans for projects because a new borrowing by an entity which is already a non performing asset, becomes an NPA …

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Industry facing problem of oversupply: Tea Board official

PTI Kolkata The tea industry is going through a problem of oversupply with slow growth of domestic consumption and exports remaining stagnant, a Tea Board official said on Tuesday. As compared to 2018, tea production in the country has increased by 51 million kilograms in the last year, resulting in an oversupply situation. “The tea industry is in problem. Production …

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