The move is part of a larger initiative by the government to speed up work in the highway sector.
The idea is to do away with the need for the approval of the Core Group of Secretaries on Divestment for privatisation of companies, especially in non-strategic sectors.
MCA is a legal contract, which prescribes the terms and conditions for executing a road project.
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
The board will now be headed by Vinod Kumar Yadav as chairman and CEO, and it will have four other members.
The Oil Ministry is seeking Cabinet nod to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.
The over 130-day-long protest by fisherfolk against the under-construction Vizhinjam sea port was on Tuesday called off for now.
Did the fear of central agencies probing scams involving NCP leaders that forced these politicians to jump ship?
The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of Hindustan Aeronautics Limited R Madhavan said on Sunday.
The decision to procure the fleet was taken at a meeting of the Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi, Defence Minister Rajnath Singh said.
The BJP leadership knows it can't boast of governance in the state as the Bommai government has little to show. So, the game plan is to project Modi, who will reiterate how important it is for a state to have the same party ruling in power at the Centre, observes Ramesh Menon.
The Army says such a move will seriously jeopardise surveillance over the country's sensitive border with China.
A 1985-batch Karnataka cadre officer, Kharola would be steering the national airline at a time when the government has started the process for its strategic divestment.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a five-year-long reform-based result-linked power distribution scheme worth Rs 3.03 lakh crore, for strengthening system of utilities to improve efficiency. Briefing after the CCEA meet here, Power and New & Renewable Energy Minister R K Singh said, "We have done a lot for power distribution reforms. It needs to be strengthened. Today, the Cabinet has approved the new scheme worth Rs 3.03 lakh crore, including Rs 97,000 crore central outlay." He said the funds would be given to power distribution companies (discoms) to strengthen their system.
The minister tells Subhomoy Bhattacharjee that he wants to set up a financing corporation for the road and shipping sectors, which will throw up a business opportunity of Rs 25 lakh crore!
Earlier, an inter-ministerial group used to take these decisions.
India's GDP is poised to accelerate to 5.5 per cent in 2014-15 on the back of improved performance in industry and services but it may take some time for the country to reach its potential growth rate, says an Asian Development Bank (ADB) report.
Suggesting steps to boost the Indian economy, the IMF chief further said the government should focus on fiscal consolidation.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
Aim of the project is to boost manufacturing on a sustainable basis and through it, overall economic growth.
The Chinese authorities have been rapidly building defence infrastructure along the Line of Actual Control, indicating that they are preparing for a long period of tension with India, points out Jayadeva Ranade, the former senior RA&W officer and China expert.
As against an annual average growth of 10-11 per cent envisaged for the industry during the period, the actual annual average growth stood at 7.2 per cent during the plan period.
Indian economy is expected to improve marginally in the current financial year with its GDP at market price projected to expand by 3.4 per cent from 3.3 per cent in the previous fiscal, think tank OECD said.
Seen as a major initiative, the 'strategic partnership model' aims to create a vibrant defence manufacturing ecosystem in the country through involvement of both the major Indian corporates as well as the MSME sector.
Sidhu, who had been at loggerheads with Chief Minister Amarinder Singh, had stayed away from all Congress activities ever since he resigned as cabinet minister last year.
Reserve Bank, in its mid term review of the monetary policy on Friday, decided to hike short term policy rate by 0.25 per cent after a gap of two years and ease liquidity by reducing the marginal standing facility rate for banks.
Will help in reviving the economy and push investment.
The government on Wednesday decided not to hold special session of Parliament to pass the constitution amendment bill for rolling out Goods and Services Tax and will recommend to the President to prorogue the Monsoon Session.
The Reserve Bank of India is likely to cut policy rates by 0.25 per cent and keep the cash reserve ratio unchanged at its policy review next week, on the back of slower-than-expected growth and more encouraging inflation readings, says a report by HSBC.
Sarma's eyes, according to those close to him, were always set on the top job in Assam. However, the leader who owed his early rise to two former chief ministers from the Congress had to toil for many years with dogged determination to achieve his goal.
Wang Junzheng, Tibet's new Communist party boss, is on a number of sanctions lists by the US, Britain, the EU and Canada, for his tough role in Xinjiang, aimed at China's Uyghur ethnic minority, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
Ramesh Menon, the veteran journalist suggests Prime Minister Narendra Damodardas Modi what he should do if he wants to win 2024 Lok Sabha elections.
India's plans to relax foreign direct investment (FDI) rules across a broad spectrum of industries have received the final approval from the Cabinet Committee of Economic Affairs (CCEA).
The Tejas Mark 1A outperforms the Sino-Pakistan JF-17 Thunder in avionics and weaponry, but the finance ministry's tax burden makes the Indian LCA costlier and hurts it in the export market.
The rupee is being driven into a vicious circle.
London Olympics bronze-medallist M C Mary Kom has finally been alloted the plot of land promised to her by the Manipur government to expand her boxing academy.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
Committing to more steps to boost economy, the Finance Ministry said initiatives taken by the government in the past one year will boost investment and revive the sagging growth.
PM to launch works on Zojila tunnel, other infrastructure projects.
The BrahMos systems for the two ships are estimated to cost Rs 25 billion, making it the world's most expensive anti-ship missile.
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