While suburban fares remain unchanged, ordinary non-AC, non-suburban fares were increased by 1 paise per km of journey. The Railways also announced a two-paise/km hike in fares of mail/express non-AC trains and four- paise/km hike in the fares of AC classes. The fare hike is also applicable to premium trains such as Shatabdi, Rajdhani and Duronto.
There is simmering disquiet in the Communist party and the world is watching as to what can unfold in China in the days to come ahead of next year's party congress, notes Rup Narayan Das.
Called the US Citizenship Act of 2021, the legislation modernises the immigration system, and also proposes to eliminate the per country cap for employment-based green cards, a move that would benefit thousands of Indian IT professionals whose current wait period for legal permanent residency runs into several decades.
In the Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman, a total of Rs 1,52,369 crore has been set aside for capital expenditure that includes purchasing new weapons, aircraft, warships and other military hardware.
Tech giant IBM on Tuesday said it has received 9,130 US patents in 2020 - topping the US Patent List for the 28th consecutive year - with India being the second-highest contributor. "IBM scientists and researchers received 9,130 US patents in 2020, the most of any company, marking 28 consecutive years of IBM patent leadership. "IBM led the industry in the number of artificial intelligence (AI), cloud, quantum computing and security-related patents granted," IBM said in a statement. For the fourth year in a row, IBM India was the second highest contributor to IBM's global tally with 930 patents granted to inventors from India in 2020.
With his eye on next year's Party Congress, Xi Jinping is using the CCP's centenary celebrations to publicise the benefits for China from its leadership, and boost his image and contribution to China's rise, observes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
'An economic slowdown affects a country's ability to modernise its defence capabilities as rapidly as possible.'
"Our strategic investments, backed by strong client relationships and client spends towards enterprise modernisation and digital transformation have enabled us to deliver a very satisfying quarter," Wipro CEO and executive director Abidali Z Neemuchwala said.
The hike in the budget is the lowest increment in recent years apparently due to the heavy disruption caused to its economy by the COVID-19, according to the official media.
The Centre is likely to privatise profit-making enterprises, reversing its previous position of first closing or merging loss-making state-run units. The NITI Aayog, which is in the process of selecting public sector units for privatisation, is likely to put out its first list, focusing on companies in non-strategic sectors, along with those that have got Cabinet approval for stake sale, or are in final stage of due diligence. "The shortlisted firms will be put out in three-four tranches, with the first list comprising non-strategic ones, followed by strategic sectors with a focus on privatisation and not divestment," said a senior government official privy to the plan. He said the first report was expected in early April. The think tank approach is in sync with the government's new strategies on privatisation and asset monetisation.
Currently women are allowed in a number of select areas including in medical, legal, educational, signals and engineering wings of the army.
The army also stated that allocation of Rs 21,338 crore for modernisation is insufficient.
Celebrating its 89th anniversary, the Indian Air Force on Friday put up a dazzling show with 75 aircraft, drawn from its vintage and modern fleet, performing skilful manoeuvres also marking the platinum jubilee year of India's Independence.
Barney Ronay wrote in The Guardian: "A World Cup win is a vindication on many levels.
India has the ability in all respects to be a great power and address our security challenges in the best national interests, says Commodore Venugopal Menon (retd).
Addressing a gathering of priests and devotees, he said the redevelopment of centres of faith in India shows the country's growing pride in its ancient saints and philosophers like Adi Guru Shankaracharya and Swami Vivekananda.
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The Central Bureau of Investigation has booked Venkata Krishna Reddy Gunupati, chairman of the GVK group of companies, and his son G V Sanjay Reddy, managing director of Mumbai International Airport Ltd, among others for alleged irregularities to the tune of Rs 705 crore in running of the airport, officials said.
Kataria, 49, an IIT-XLRI alumnus, was quick to implement a number of initiatives during the Covid-19 crisis including launching D2C initiatives such as mobile stores, WhatsApp messaging, video calling and home deliveries. Kataria was also swift to recognise that stay-at-home consumers were keen to buy informal rather than formal footwear, launching new collections quickly to take advantage of this trend, says Viveat Susan Pinto.
Indian Railways is in talks with Reliance Jio Infocomm to allow the Mukesh Ambani-led telecom major's use of its towers. The aim is seamless mobile and internet connectivity for passengers along the 67,368-km of tracks. The Railway Board has entrusted its RailTel Corporation arm to work on the modalities with Jio. The Jio tie-up is expected to bring down its telecom bill by at least 35 per cent from this financial year.
Rs 111,294 crore has been allocated for army salaries. The Rs 113,278 crore allocated for army pensions surpasses that. Army planners are worried about this drain on funds that could otherwise go towards equipment modernisation.
Postman, a leading application programming interface platform, has secured $225 million in a Series D round, placing its valuation at $5.6 billion. With this, Postman has emerged as the most-valued software-as-a-service (SaaS) firm started by Indian founders, overtaking web and mobile testing firm BrowserStack, which was valued at $4 billion in June. The valuation of the San Francisco-headquartered firm with offices in Bengaluru, where it was founded, has almost trebled in just about one year and risen multi-fold since 2019. Postman, with team members spread across four continents, had secured $150 million in a Series C investment round led by Insight Partners at a $2-billion valuation last summer.
'There is little doubt that China today stands in the dock, charged with misdemeanour with regard to the health and well-being of its own citizens and of the people of the world,' notes Amulya Ganguli.
At least 13 attempts were made earlier at modernising.
'How is it to live in a place that does not have electricity or a telephone connection, where people do not have any concept of what the world is beyond the mountains?'
After facing multiple outages that irked the regulator, the country's largest private sector lender, HDFC Bank, is revamping its technology infrastructure by making large scale investments, wherein it is bringing new talent, getting into cloud-native stacks, a shift from the traditional monolithic IT infrastructures, and working with strategic partners for better products and services. The bank management is clear that it will do whatever it takes in line with its growth path to ramp up its technology infrastructure.
China has been taking "incremental and tactical actions" to press its claims at the Line of Actual Control (LAC) with India and has unsuccessfully sought to prevent New Delhi from deepening its relationship with the US during and subsequent to the standoff, the Pentagon has said in a major report on China's military modernisation.
Infosys on Tuesday said it has formed a long-term partnership with Daimler AG for a technology-driven IT infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its IT operating model and infrastructure landscape across workplace services, service desk, data centre, networks and SAP Basis together with Infosys, a statement said. "As a part of this partnership, automotive IT infrastructure experts based out of Germany, wider Europe, the US and the APAC region will transition from Daimler AG to Infosys," it added. The companies, however, did not disclose the number of people who will transition as part of the deal.
'Some companies have agreed to 2-3% incentive but the automakers and SIAM have to decide amongst themselves'
The capital outlay to cover the modernisation programmes have got a hike of 10.05 per cent.
'The term 'pro-growth' must be qualified somewhat because, while a rising tide will lift all boats, it will not necessarily do so equally.'
"Numerous rounds of talks have taken place with the Chinese counterparts to deescalate the situation without compromising on India's stand of 'complete disengagement and immediate restoration of status quo ante'," the defence ministry said.
According to plans, the new structure will be more energy efficient, fitted with all modern amenities like multilevel parking facility, centralised air conditioning systems and solar panels, reports Arnab Dutta/Business Standard.
General Bipin Rawat, his wife and 11 others were killed in a helicopter crash near Coonoor in Tamil Nadu on Wednesday, the Indian Air Force said.
The situation that developed in eastern Ladakh last year required acclimatisation of a large number of IAF personnel and stretching of equipment to limits, but the force is "much better prepared" now in case there is a "long haul", Chief of Air Staff Air Chief Marshal V R Chaudhari said on Thursday.
The Taliban has its backers, notably Pakistan and China. Their purpose is to have a monstrous entity near India's northern borders to keep democratic, secular India off-guard, observes Amulya Ganguli.
'Outside the core voter base of upper caste Hindus, there is a large section unhappy with the performance of the BJP.'
If the initial analysis of this YJ-21 is correct, then China becomes the first country in the world to operationally field such a missile from a naval vessel.
Adani Ports and Special Economic Zone and Adani Green Energy are the other two Adani Group firms to have crossed the Rs 1-trillion mark in m-cap.
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
'Is the appointment of a CDS likely to achieve the creation of battle-ready, tri-service military commands, from the current 17 single-service commands?', asks Ajai Shukla.
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