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New digital system hits India, Bangladesh trade

Agartala: Due to introduction of a new online trade management system — Electronic Data Interchange (EDI) – the India-Bangladesh trade through Tripura has been hugely affected for the past two weeks, traders and officials said on Monday. A custom official said that the EDI was introduced on August 5 in all the border trade centers in the Northeastern states along …

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Amid slowdown, RBI Governor hints at softer approach on rates

Mumbai: Indicating a softer approach on rate cuts in the wake of economic slowdown, RBI Governor Shaktikanta Das on Monday said growth is the top priority at a time when the Indian banking system is facing many challenges. In his inaugural address at the Indian Banks’ Association annual flagship conference, FIBAC 2019, here, the Reserve Bank of India (RBI) Governor …

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Rajendra Sethia: acquitted after 34 years in a trumped up case

IANS New Delhi In many ways, Rajendra Singh Sethia, the world’s biggest bankrupt in the 1980s, long before the insolvency and bankruptcy code emerged in India or the US saw its share of Chapter 11 bankruptcies, represents the archetype of a Greek tragic hero. The Nigeria and Sudan experience meant that the wheel of fortune had taken a dive, a …

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IIT researchers develop product to recover fertilizers, water from urine

PTI New Delhi Researchers of the Indian Institute of Technology (IIT) have developed a prototype that can produce green fertilizers and water from human urine. The product, ‘Water Chakra’, works on the development of a modular on-site toilet treatment unit. It recovers about 96 per cent of phosphorus and 85 per cent of nitrogen in the form of commercial grade …

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Restaurants, online food aggregators battle it out

IANS New Delhi With hundreds of restaurants under the umbrella of the National Restaurant Association of India (NRAI) coming out in the open to challenge the deep discounting practices of online food aggregators like Zomato Gold and Dineout, the war over who controls the palate of Indians has intensified. Nearly 300 restaurants in Gurgaon on Thursday observed a #Logout campaign, …

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‘India needs $500-700 bn in renewable energy’

IANS New Delhi India will require $500-700 billion in renewable energy and supporting grid investment over the coming decade in order to meet its renewable energy targets, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Friday. In a note titled ‘International Capital awaits robust policy environment in India’s renewables infrastructure sector’, it reviewed India’s energy market …

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‘Need to make adaptive, proactive changes to keep pace with technology’

NT NETWORK Vasco There is a need to make adaptive and proactive changes to keep pace with technology and to be able to effectively compete in the field of shipbuilding so that the Goa Shipyard Ltd (GSL) constructs platforms within much reduced time period, with highest quality standards and improved safety conditions, said the chairman and managing director (CMD) GSL …

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Govt will invest `100 lakh cr on developing infrastructure: Modi

IANS New Delhi Prime Minister Narendra Modi on Thursday said his government will invest Rs 100 lakh crore on developing modern infrastructure that will aid in nearly doubling the size of the Indian economy to $5 trillion in the next five years. Addressing the nation from the ramparts of the Red Fort on the 73rd Independence Day, the Prime Minister …

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PM gives clarion call to farmers to cut usage of chemical fertilisers, pesticides

PTI New Delhi Prime Minister Narendra Modi on Thursday gave a clarion call to farmers to gradually reduce use of chemical fertilisers and eventually stop their usage to protect soil health. Modi, from the ramparts of the Red Fort here, said the mother earth was being destroyed due to excessive use of chemical fertilisers and pesticides. “Have we ever thought …

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Modi urges people to visit 15 domestic tourist destinations by 2022

PTI New Delhi With 20-million-odd Indian tourists travelling abroad on vacation every year, Prime Minister Narendra Modi on Thursday urged them to visit 15 tourist destinations within the country by 2022 to give a fillip to the domestic tourism sector. Addressing the nation from the ramparts of the Red Fort on the 73rd Independence Day, Modi said India has much …

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