Telecom Minister Ravi Shankar Prasad on Wednesday said they must offer good services to the customers if they want any help from the government.
The Union Cabinet on Wednesday approved 'Mission Karmayogi', dubbed as the biggest bureaucratic reform initiative, aimed at capacity building of government employees to make them more "creative, proactive, professional and technology-enabled". The core guiding principles of the competency-driven programme will be to support a transition from "rules based to roles based" HR management to prepare the Indian civil servant for the future, according to a government statement.
In April last year, tax authorities had questioned Deepak Kochhar over a Rs 405-crore investment by Accion Diversified Strategies Fund through its Mauritius subsidiary, DH Renewables Holding
Railway Minister Suresh Prabhu is targeting the commissioning of the project by 2023-24
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
While the company insisted it had enough spectrum across circles, analysts said the company might soon need to acquire some spectrum to ensure uninterrupted service.
The government of India holds 24.5 per cent stake in GSTN while states together hold another 24.5 per cent
Iran's growing proximity to China may have also played a part.
Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.
The railways heritage lines that are part of the UNESCO-accorded sites list include Darjeeling Himalayan Railway, Nilgiri Mountain Railway, and Kalka Shimla Railway.
Probable reasons that led to failure of the sale process include 24 per cent government stake and corresponding rights, high debt, volatile crude oil prices, fluctuations in exchange rate, changes in macro environment, profitability track record of bidders and restriction on bidding by individuals.
'Since the government will not hold any significant stake in the airline this time, such restrictions are not required anymore.'
Amid continuing uncertainty over the fate of the national carrier, an official said there is also need for funds to restart operations of 12 grounded narrow-body planes.
Officials said the notice was issued by the taxman in January this year after the special audit of AVL's income for the Assessment Year 2012-13.
FPIs would be classified into two categories instead of three, while the requirements for issuance and subscription of offshore derivative instruments would be rationalised.
With real estate valuations falling and other deals coming unstuck, the current management's improved target faces significant challenges.
While the government is working on final contours for a strategic divestment of its stake in loss-making Air India, the airline is ready with plans to fly to more overseas destinations.
The Congress may approach the Supreme Court seeking expunction of some adverse remarks made by the Delhi high court in the National Herald Case in which Sonia Gandhi and Rahul Gandhi are among the accused.
Pressure is mounting on Reliance Infrastructure to change the name of metro rail project, with a senior minister in the Congress-NCP led Maharashtra government joining the chorus of Opposition leaders making similar demand.
Under the 20.68 km-long monorail project, services will be provided between Poonamalle and Kathipara with a link from Porur to Vadapalani in Chennai, a senior UD Ministry official said.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
The government also sought approval from Parliament for equity infusion worth Rs 2,345 crore into struggling Air India and another Rs 1,300 crore for Air India Asset Holding.
The meeting is expected to chart a road map for cleaning up their balance sheets and boost credit flows, reports Somesh Jha.
ONGC, Hindustan Petroleum, Bharat Petroleum, Indian Oil and Oil India listed the spending as part of their mandatory CSR commitment, but CAG noted that the Sardar Patel statue did not qualify for CSR funding.
'It may sound like sacrilege, but does it really matter if the global raters downgrade India for fiscal slippage?' asks Tamal Bandyopadhyay.
In his first comments after resigning as RBI governor on December 10 last year amid sharp differences with the government, Patel said banks indulged in over-lending, while the government did not "fully play" its role, and also conceded that the regulator should have acted earlier.
The Cabinet can take a decision on the matter only after the Election Commission's approval.
Passengers will get the thrill of riding under the sea while travelling between Mumbai and Ahmedabad
The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel.
'One way of doing this could be offering credit guarantee to the banks, say 10 per cent, for fresh loans given to micro, small and medium enterprises,' observes Tamal Bandyopadhyay.
Parks would cut transport cost by 10% for industries, allow freight movement on larger trucks and rail.
Sebi also allowed foreign investors to own up to 15 per cent stake in domestic stock and commodity exchanges
There were 35 defects that still remained to be resolved. Of these, 29 could not have been resolved during the monsoon since they required testing in absolutely calm seas. Nor is the Khanderi being commissioned with a full complement of its primary weapon, the torpedo.
Singapore is slated to bring in Singapore Variable Capital Company, a new legal entity which can be used as a vehicle for investment. SVACC is expected to simplify the process of redemption for open-ended funds.
In a meeting with stakeholders last week, the authority mooted setting up a Special Purpose Vehicle along with airlines and state-owned oil marketing companies to develop common infrastructure to import ATF, among others, at Chennai and Kolkata airports. While AAI and OMCs will hold 76 per cent in the proposed SPV, the airlines will participate in the remaining 24 per cent equity.
The Enforcement Directorate, on Friday, issued a show-cause notice to actor Shah Rukh Khan, his wife Gauri, actor-friend Juhi Chawla and others for alleged loss of Rs 73.6 crore foreign exchange in a FEMA case related to the Indian Premier League.
Smart City Mission has unleashed an unprecedented enthusiasm and expectations both within and outside the country.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
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