Govt for Rs 1-cr penalty on entities violating Electricity Act
Seeking to make penal provisions more stringent in the power sector, the government has proposed imposing up to Rs 1 crore fine on entities violating norms under the Electricity Act.
Dec 21, 2014, 14:37 PM IST
Rs 119.95 cr production loss due to 89 industrial strikes: Govt
A total of 89 strikes were reported in various industrial complexes in the country this year, leading to loss of 11,67,987 man days and a production loss of Rs 119.95 crore.
Dec 15, 2014, 14:41 PM IST
Sebi asks RBI, MCA to join efforts to deepen corp bond market
As the government seeks to create a 'vibrant, deep and liquid' corporate bond market, regulator Sebi has approached RBI and Ministry of Corporate Affairs, among others, to address certain impediments in this regard.
Dec 14, 2014, 12:56 PM IST
Govt releases Rs 93,894 cr as food subsidy so far this fiscal
Government has released Rs 93,894 crore so far this fiscal by way of food subsidy out of annual allocation of Rs 1,10,500 crore and there is no proposal for reduction in food subsidy, Parliament was informed Friday.
Dec 05, 2014, 19:11 PM IST
Govt considering plan to reduce stake to 52% in state banks
The government holds stakes ranging from 56 percent to 84 percent in the state-run banks that account for 70 percent of India`s total outstanding loans of about $1 trillion.
Nov 28, 2014, 12:03 PM IST
Govt monitoring big concern among Indian net users: Survey
In Mexico, 83 percent Internet users have expressed similar concern.
Nov 26, 2014, 23:10 PM IST
Govt to bring down stake in PSU banks to 52%: Jaitley
Finance Minister Arun Jaitley today said the government is planning to bring down its stake in public sector banks to 52 percent so as to meet Rs 3 lakh crore capital requirement.
Nov 09, 2014, 15:17 PM IST
Govt notifies standards for mobiles 14 other electronic items
The government has notified mandatory standards for 15 electronic products, including mobile phones, power banks, LED lamps, to curb flow of low quality items in the country.
Nov 09, 2014, 12:39 PM IST
Cipla asks govt to revoke Novartis' patent; launches its drug
Taking the patent battle to Novartis, India's Cipla has launched low-cost generic version of the Swiss drug maker's respiratory drug Indacaterol sold under the Onbrez brand, while asking the government to revoke patents over the medicine.
Oct 30, 2014, 19:02 PM IST
70 crore residents have Aadhaar numbers
Nine states, including Andhra Pradesh, Kerala, Delhi, Himachal Pradesh, have crossed 90 per cent Aadhaar coverage, while 16 states have over 70 per cent coverage, a press statement by UIDAI said.
Oct 28, 2014, 17:43 PM IST
Govt likely to make seeding of mobile SIMs with Aadhaar a must
Earlier, the Home Ministry had raised concerns over the use of Aadhaar number as a single source of identity verification.
Oct 28, 2014, 16:08 PM IST
Govt to offload 5% stake in ONGC next month, may get Rs 18K cr
The government is likely to divest 5 percent stake in ONGC in the first week of November, which may fetch about Rs 18,000 crore to the exchequer, a top finance ministry official said today.
Oct 20, 2014, 14:14 PM IST
Auto industry seeks government support to increase exports
Up against road blocks in traditional car export markets, Indian auto industry is looking to government support in its effort to enter new geographies.
Oct 19, 2014, 11:51 AM IST
Govt delays decision on iron ore licence for POSCO's $12 bn plant
The company has yet to start work on the planned 12-million-tonnes-a-year plant due to stiff opposition to land acquisition and delays in securing permission to mine iron ore, a raw material for steel.
Oct 18, 2014, 10:25 AM IST
Govt, RBI working on new monetary policy framework: Rajan
RBI Governor Raghuram Rajan Thursday said the central bank and the government are in discussion to formulate a new monetary policy framework which will be more expressive and in line with international standards.
Oct 16, 2014, 21:19 PM IST
No decision on making CAG multi-member body: Finance Ministry
No decision has been taken on the suggestion of the UPA government-appointed Shunglu Committee to make CAG a multi-member body, the Finance Ministry has said.
Oct 05, 2014, 10:44 AM IST
Govt asks realty firm to focus on building homes for Low income group and EWS
Real estate developers should focus on addressing the housing demand of lower income group and economically weaker section, a senior government official said on Monday.
Sep 29, 2014, 18:54 PM IST
Govt has to ensure coal linkage to end-use projects: IR
The apex court has scrapped the allocation of 214 out of 218 coal blocks to various companies since 1993 terming it as "fatally flawed".
Sep 28, 2014, 12:29 PM IST
Affordable housing will drive growth in realty sector: Govt
Housing policies for affordable housing will be the driver of reviving growth in the realty sector, a senior government official said on Wednesday.
Sep 24, 2014, 23:38 PM IST
Coal blocks' players may have to pay Rs 10K-cr as fine: Crisil
With cancellation of 214 coal blocks, the players of operational units may have to shell out Rs 10,000 crore as fine, rating agency Crisil has said.
Sep 24, 2014, 23:32 PM IST
