'The choice is clear: We either embrace this transformation and cement our global leadership, or hesitate, lose ground, and fade into irrelevance.'
Law Minister Kiren Rijiju on Tuesday said the number of pending cases across various courts could touch the five-crore mark in a couple of months.
The Ministry of Corporate Affairs (MCA) is contemplating an increase to the existing strength of the National Company Law Tribunal (NCLT) benches to handle the growing case load. The ministry is currently analysing the time taken by each bench to dispose of matters and the total number of cases being handled by each bench. "We need to first determine our requirement, given that the NCLT handles both Company Act and insolvency and bankruptcy matters. "The latter constitutes the majority of the case burden.
State-owned Indian Strategic Petroleum Reserves Ltd (ISPRL), which operates India's strategic crude oil storage, will make awards by December to lease around 1 million tons of crude oil storage space (7.3 million barrels) at two of the country's three existing Strategic Petroleum Reserves (SPRs), around a fifth of the total SPR capacity. This will enable the refilling of crude caverns even as escalating hostilities in the Gulf threaten disruptions in crude supplies, two industry sources said.
The respondents were from over 22 states with 85 percent of them being under 35 years while 61 percent were interns or postgraduate trainees.
Delivering a thinly veiled message to Pakistan from its soil, External Affairs Minister S Jaishankar on Wednesday said activities across borders characterised by the 'three evils' of terrorism, extremism and separatism are unlikely to encourage trade, energy flows and connectivity.
High vegetable prices are expected to keep food inflation firm in the months to come.
Criticising the police for arresting an SUV driver and blaming him for the incident, the high court said, "Mercifully, you have not challaned the rainwater for entering into the basement."
India Post plans to network 25,000 urban post offices by the end of this year and open 2,800 additional ATMs by March 2015.
Inadequate infrastructure and lack of facilities at the All India Institute of Medical Sciences on Tuesday came under scanner of a Parliamentary panel which slammed the government for its "failure" to even provide for a state-of-the-art ambulance to transport the Delhi gang-rape victim to the airport recently.
Noting that Indian civil aviation sector is experiencing high levels of growth, Civil Aviation Minister Praful Patel has said the industry must tackle the shortcomings of inadequate infrastructure and shortage of skilled manpower to sustain growth.
'There is no immediate threat to the government, and they would prefer the growth agenda.'
India's plans to bolster its military strength along the border with China by deploying its potent Sukhoi fighter jets in Tezpur have been badly hit due to poor infrastructure at the front line airbase.
'Healthcare is not an industry.' 'The government is only encouraging insurance as they are not able to provide healthcare to people.' 'Opening new medical colleges is not what is needed.' 'You have to invest in public sector hospitals.' 'You cannot hand over healthcare to the private industry.'
Rejecting short cuts like creating small pockets with latest amenities, an official committee has recommended that to make Mumbai a truly global financial hub by 2020, the infrastructure of the entire city should be improved.
Wipro Chairman Azim Premji, who had been second to none in criticising Karnataka government over inadequate infrastructure in the past, on Wednesday said the issue could be sorted out by talking to government.
Mumbai, formerly called Bombay, is India's financial powerhouse. It is also home to close to 2.10 crore (21 million) people, making it the most populous city in the country.
The Maharashtra Assembly will today initiate a debate on the Pradhan Committee Report into the 26/11 Mumbai terror attacks.
Deploying additional Central Industrial Security Force (CISF) personnel, providing real-time updates through social media, adding more immigration counters and ensuring 100 per cent manning of immigration counters - these are some of the steps that the Ministry of Civil Aviation (MoCA) is now taking in coordination with other stakeholders to avoid congestion at major airports during the upcoming festival season. During the last year's festival and winter season, major airports in the country suffered from congestion due to lack of sufficient airport infrastructure, inadequate X-ray screening machines, bunching of flights at peak hours, as well as inadequate CISF and immigration personnel, the MoCA stated on Thursday. Civil Aviation Minister Jyotiraditya Scindia, after last year's congestion issue, had asked major airports - including Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai - to identify bottlenecks and augment capacity to meet the growing passenger demand.
Economist who predicted global crash says India needs to both spend and tighten and it won't be easy.
At a time when none in Kerala's Left politics questioned the chief minister's authority, MLA P V Anvar hurled a series of accusations against Pinarayi Vijayan's government, notes Shyam G Menon.
Lack of security provisions coupled with inadequate infrastructure and lukewarm response from jewellers have put the government decision of making hallmarking mandatory for gold from January 1, 2008 into uncertainties.
The government's move to make hallmarking for gold mandatory from January 1, 2008 has got into bottlenecks thanks to lukewarm response from jewelers across the country.
The new semiconductor plants will be up against India's age-old Achilles' heel, inadequate infrastructure
What kind of facilities would you like to have at the stations?
Monetary tightening to contain overheating as well as inadequate infrastructure is likely to slow down India's growth to moderate 8 per cent next fiscal against the expected 9.2 per cent, the Asian Development Bank has forecast.
More than 80 per cent of Indians live in districts vulnerable to climate risks. Among these, Assam, Andhra Pradesh, Maharashtra, Karnataka, and Bihar are the most vulnerable states to extreme climate events.
Bad government and inadequate infrastructure has prevented India from matching China's economic growth although both nations started reforms in early 1990s, the Fortune magazine said on Friday.
Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after the regulator found "serious deficiencies" in the lender's IT risk management. These actions, the RBI said, are necessitated based on significant concerns arising out of Reserve Bank's IT examination of the bank for the years 2022 and 2023 and the continued failure on part of the bank to address these concerns in a comprehensive and timely manner.
India's electric two-wheeler (E2W) sector is expected to cross the one million mark in 2024 fuelled by rising demand, increased production, and affordability, industry experts said, even as several original equipment makers are expanding their penetration to rural areas. Improved battery technology and innovative features are also likely to fuel growth, they said. "E2W sales will breach the 1-million mark in 2024 as the demand for electric two-wheelers is expected to continue growing due to factors such as environmental awareness, government incentives, and improvements in technology," Hyder Khan, chief executive officer (CEO), Godawari Electric Motors, said.
Confederation of Indian Industry has suggested levying of basic excise duty at uniform rate of eight per cent across the value chain in textiles stating "it will make the sector competitive in the global market."
The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
Amid the rhythmic chug of the train, a chorus of voices rises, each bearing its tale of hope and despair.
Students of a government school on Wednesday were found dusting and cleaning classrooms during a surprise inspection by education minister
Popular doesn't always mean best. Here's why.
The Delhi government has made it clear that the experiment will not be extended beyond January 15.
Maidaan draws out more yawns than yays, observes Sukanya Verma.
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