Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
Another sobering number is that the total Chinese investment in India in the past 10 years amounts to $400 million.
GST Council extends anti-profiteering authority's tenure, sends rate cut on EVs to fitment panel and also extended the date for filing annual returns under the GST by two months to August 30.
If Modi's political retreat -- he has tried to avoid a pre-1984 type of situation in Punjab -- helps soothe Sikh sentiments, nobody should complain Modi, asserts Sheela Bhatt.
US transportation authorities are launching a review of the Dreamliner, a source familiar with the matter told Reuters on Thursday.
The major reason for the policy confusion over e-vehicles is the lack of conviction within government about the utility of this disruptive technology and its role in India's larger Paris Agreement climate change commitments.
In a minor relief for residents of flood-hit Chennai, the rains have stayed away for the last few hours.
Growth acceleration will be gradual and it is still early days for a sharp recovery, says Gautam Chhaochharia, executive director and head of India research, UBS.
The army, air force and navy will all benefit from the defence ministry's approval of 'Make in India' equipment.
As the industrial era wanes, the network era looms, notes Ajit Balakrishnan.
The Union home ministry on Tuesday allowed opening of shops selling school books and electric fans, services of bedside attendants of senior citizens and public utilities including recharge facilities for prepaid mobile phones during the ongoing lockdown.
The IMD has also issued a red-coded warning alert to the Odisha and West Bengal coasts.
'Since Pranab Mukherjee is the Custodian of the Constitution, he should present practical ideas to solve the problems he has been so outspokenly highlighting,' feels Sudheendra Kulkarni.
This upgrade will allow air operations by military and civil aircraft even in poor visibility and adverse weather conditions.
Landing on an aircraft carrier deck is the ultimate and most daunting challenge for a fighter pilot. This takes India into a select group of nations -- the US, the UK, Russia, France, and China -- that have developed such jets.
Murthy, who currently is the top Indian-American advisor to President-elect Joe Biden on COVID-19, is a potential pick for the post of Secretary of Health and Human Services and Stanford University Professor Arun Majumdar for the post of Secretary of Energy, The Washington Post and Politico said in their reports on Tuesday that mentions a list of potential picks for various Cabinet-level positions in the Biden administration.
Union Home Minister Amit Shah on Tuesday alleged that 'Bhatija (nephew) and company' had swindled central funds sent for Amphan relief and said that probe will be ordered into it and culprits will be booked after the Bharatiya Janata Party comes to power in West Bengal.
Only those who stick to the old I-T regime will get this benefit.
The first unit of the Koodankulam nuclear power project is expected to start generating electricity in the next 40 days, Minister of State in the Prime Minister's Office V Narayanasamy said on Monday. He said the Atomic Energy Regulatory Board officials were at the Koodankulam project site and inspecting the plant.
Tamil Nadu government deployed state and national disaster response force teams in Kanyakumari district, which bore the brunt of the rain fury.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
Farm loan waivers should not be regarded as expenditure but as incentive and investment, argues B S Raghavan, the distinguished civil servant.
'Our priority is how to reduce the waiting time for people for darshan.'
Tata Motors recently cut the sales forecast of its luxury car brand, JLR, due to chip shortages, scaling down its production numbers from the earlier 120,000 units to 60,000-65,000 units by September, and leading to an almost 10 per cent fall in the company's stock. In May this year, Bosch India, too, had stated that chip shortfalls would impact its production, as supply chains were getting disrupted.
Many places in Bihar face 20-hour power cuts everyday. Nearly half of rural Bihar has not even been electrified. But if Gyanesh Pandey has his way, the entire state will light up in the next few years. He shares his plans with A Ganesh Nadar
It takes 8 hours on a plane from Plymouth, United Kingdom to New York. But 16-year-old Greta Thunberg took 15 days to reach the Big Apple as she hitched a ride on a zero-emissions yacht, making the entire trip without leaving a carbon footprint.
Authorities lifted Section 144, which does not allow assembly of more than four people.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
The tactics deployed by Obama to bring India on board, which was the only major power in his way of the climate deal, was described by his former top personal and national security aide Benjamin Rhodes in a podcast interview.
From the Gulf countries to Malaysia and the UK to the US, the multi-agency operation christened 'Vande Bharat Mission' will see the state-owned AI operate 64 flights till May 13 in the first phase to ferry around 15,000 Indian nationals from 12 countries.
Back of the envelope calculations put government expense on each of the new schemes promised by the DMK and the AIADMK at tens of thousands of crores. But then, neither party has said how they are going to also address the mounting debt burden either, says N Sathiya Moorthy.
There are conflicting signs on India's investment cycle.
Indian Airlines and Bank Sports Board crashed to humiliating 1-2 defeats in the Inter-Institution men's team championship quarter-finals at the 34th Senior National and Inter-State Carrom Championships.
Government currently holds 67.72 per cent equity in BHEL.
Asharam Choudhary, son of a ragpicker battled the odds to study at the All India Institute of Medical Sciences, Delhi.
The government is drawing up a relief package for industry with steps such as relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality. But it might not be enough to stop more bankruptcies from getting filed.
The mega campaign, to start on Mahatma Gandhi's birth anniversary, will be conducted just before the elections in three major Bharatiya Janata Party-ruled states and also before the 2019 general elections.
The import of power is expected to start by late 2012. The state-run Bangladesh Power Development Board on Monday signed the deal with Power Grid Corporation of India Ltd at a ceremony in Dhaka.
It is developing ash parks at Varanasi, Raipur, Pune and Cuttack, to make it available to ash-based product manufacturing units at these centres. It recently signed an agreement with NHAI for supply of ash for use in road construction.
He said any decision regarding divestment of BHEL has to be taken by the board of the company.
