Daily Archives: December 20, 2018

e-library of rare books launched in Pune


The Bhandarkar Oriental Research Institute (BORI), which houses one of South Asia’s largest and most invaluable agglomeration of rare manuscripts, opened its treasure vault digitally by launching an e-library of ancient religious and historical works on Wednesday. Nearly 1,000 rare books and manuscripts in Sanskrit and its related languages are …

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Norway streets grow quieter

Norway streets grow quieter

A silent revolution has transformed driving in Norway. Eerily quiet vehicles are ubiquitous on the fjord-side roads and mountain passes of this wealthy European nation of 5.3 million. Some 30% of all new cars sport plug-in cables rather than gasoline tanks, compared with 2% across Europe overall and 1-2% in …

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Prabhu flags ‘angel tax’ to FinMin

Prabhu flags

The Commerce and Industry Ministry has taken up with the Finance Ministry the issue of ‘angel tax’ notices being sent to start-ups, Commerce Minister Suresh Prabhu has said. Several start-ups have raised concerns over taxation of angel funds under the Section 56 of the Income Tax Act, which provides for …

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Packaging of foodgrain in jute bags made mandatory

Packaging of foodgrain

The Centre has mandated the packaging of 100% of foodgrain and 20% of sugar in jute bags for 2018-19 but has also left the window open for the dilution of the order. This includes a stipulation on placing 10% of the orders through reverse auction on the government e-marketplace. The …

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‘India may need 2,300 planes’

India may need 2,300 planes

Airlines in India will need 2,300 moreplanes, valued at $320 billion, until 2037, aerospace major Boeing said on Wednesday in its market outlook. Globally, the number needed in the next 20 years is projected at 42,370 planes worth $6.3 trillion. The Asia-Pacific region accounts for almost 40% of the worldwide …

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Four banks may come out of PCA


Relaxations to risk thresholds mulled; Centre may infuse capital to help banks meet regulatory norms Four public sector banks — Bank of Maharashtra, Corporation Bank, Allahabad Bank and Bank of India — that are under the prompt corrective action framework of RBI, may come out of the restrictions following improved …

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