The vehicle scrapping policy will offer about 5 per cent rebate to those buying new cars if they junk their old vehicles, Union Minister Nitin Gadkari said in Rajya Sabha on Thursday terming it a "win-win" situation. The voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 provides for fitness test after 20 years for personal vehicles while commercial vehicles would require it after the completion of 15 years. "The 'Voluntary Vehicle-Fleet Modernisation Programme' or 'Vehicle Scrapping Policy' will offer a rebate of about 5 per cent to buyers on new car purchases in lieu of scrapping of the old.
In a first, Prime Minister Narendra Modi on Wednesday met the secretaries of all the government departments collectively and asked them to directly get in touch with him to resolve issues and expedite decision-making.
IndusInd Bank was the top laggard in the Sensex pack, tanking around 7 per cent, followed by Axis Bank, Bajaj Finance, ICICI Bank, NTPC, Tata Steel, ITC and HDFC Bank. On the other hand, Reliance Industries, HCL Tech, Sun Pharma and ONGC were among the gainers.
The Goa Investment Promotion and Facilitation Board, the BJP's brainchild, has been able to create only 1,500 jobs
Ruia, a chartered accountant whose business ranged from sugar to textiles and heavy engineering to tyres, refused to comment on queries about his interest in Air India.
Tech Mahindra was the top laggard in the Sensex pack, cracking over 5 per cent, followed by Infosys, HDFC, IndusInd Bank, Reliance Industries and NTPC. On the other hand, Hero MotoCorp, L&T, Maruti, UltraTech Cement and Sun Pharma led the gainers' chart.
The minister said it was important to have a flag carrier.
Union Minister and All India Football Federation (AIFF) president Praful Patel said that the involvement of chargesheeted persons in the affairs of IOA has brought "a messy situation" in Indian sports and tarnished the image of national federations.
Nangiohbok Rymbai, a graduate in economics who works as a daily wage labourer in Shillong, tells Rediff.com's A Ganesh Nadar what he would like to see in Finance Minister Nirmala Sitharaman's Budget.
'Some companies have agreed to 2-3% incentive but the automakers and SIAM have to decide amongst themselves'
The Uddhav Thackeray-led party was told that the MNS and the NCP are not politically untouchables for the BJP
In the global context India is looking 'very special'.
Chief of Army Staff Gen MM Naravane on Friday visited several forward areas in eastern Ladakh and carried out a comprehensive review of India's operational preparedness in the backdrop of its prolonged military standoff with China in the mountainous region.
Are "dubious" new categories and "shady" new brands, financed and funded by avaricious investors trying to change the contours of the Indian marketplace forever, asks Sandeep Goyal?
The government has constituted a committee headed by NTPC Chairman Arup Roy Choudhury to study the proposal and submit a report in two months time.
The Essential Defence Services Bill, 2021, introduced by Minister of State for Defence Ajay Bhatt amid din created by the Opposition over three new agri laws and the alleged Pegasus snooping controversy, seeks to replace an ordinance issued in June.
'We see the defence industry as one of the leading sectors, which will significantly contribute to the growth of the Indian economy, but more importantly, bring atmanirbharta to national security.'
Nivedita Mookerji explains why a timely rollout of 5G may not be easy in India.
With just a week left for the Fadnavis government to prove its majority in the Maharashtra assembly, Bharatiya Janata Party and Shiv Sena are yet to resolve their differences over terms for the latter's participation in the ministry, deputy chief minister's post being one of the sticking points.
The most expensive gift received by Modi was a painting worth Rs 30,000, which is at the toshakhana. He also received a silver plate and five small silver bowls worth Rs 25,000, marked 'option of the recipient pending'. Ditto with another painting worth Rs 25,000.
The annual summit between India and Japan on Saturday will seek to forge greater bilateral trade and investment ties, with Japanese Prime Minister Shinzo Abe coming with a high-powered business delegation.
'I see a virtually zero impact on the sales of new vehicles with this move,' said an expert
The presence of the private sector at a prestigious military training institution is an important acknowledgement of its growing capabilities in designing and manufacturing cutting edge aerospace and defence equipment, reports Ajai Shukla.
PM Modi and his Japanese counterpart are likely to sign several agreements, including on civil nuclear cooperation. Both leaders are also likely to discuss defence cooperation, including joint maritime exercises between Japan, India and the United States.
In a bid to woo foreign investors, the Indian Railways is planning to organise road shows in select countries showcasing opportunities for investment in the rail sector.
Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.
The NCP leader said that he will be happy to cooperate with the ED so that the agency understands the "complexities" of the aviation sector.
Prime Minister Narendra Modi will launch his dream 'Swachh Bharat' campaign on Thursday.
Sena chief has now put ball in BJP's court indicating that Shiv Sena's tiger is back to roar. Sanjay Jog reports
The court had appointed former Chief Election Commissioner S Y Quraishi as the administrator-cum-returning officer to conduct the fresh polls to the sports body.
From Bollywood strong men to cricketing greats, celebrities upped the glam quotient this poll season. Some we will see as future MPs, the others just have to get back to business. Rediff.com takes a look at some popular faces, who fought Election 2019 and here's the verdict on them.
While foreign currency rating was retained at Baa2 -- the second-lowest investment grade score -- Moody's also projected a fiscal deficit of 3.7 per cent of gross domestic product in the year through March 2020, a breach of the government's target of 3.3 per cent.
The US-based auto maker told the government an internal probe had revealed the company had violated testing targets
A bench headed by NGT chairperson Justice Adarsh Kumar Goel directed the carmaker to deposit the amount within two months.
Sources said the railways is keen to ensure that a purely domestic entity bags the tender and once it was felt that the Chinese JV was a frontrunner for the project, it was scrapped.
The army, air force and navy will all benefit from the defence ministry's approval of 'Make in India' equipment.
Modi seems to have an innate faith in his capabilities to handle the myriad challenges confronting the nation and would rather manage the affairs of the nation as a CEO would of a large industrial-business empire, observes Virendra Kapoor.
Manufacture will soon be stopped at Bangalore and Tumkur in Karnataka and Ranibagh in Uttarakhand.
FMCG, automobile industries say if GST regime kicks in, rail hubs can take Make in India to a new high.
