The Department of Telecom has instructed State-owned Bharat Sanchar Nigam Ltd. (BSNL) and Bharat Broadband Network Ltd. (BBNL) to submit reports every day on the progress made in the Bharat Net project that seeks to connect 2.5 lakh gram panchayats in the country through high-speed broadband by March 2019. “Despite …

India’s merchandise trade deficit widened in October to $17.13 billion due in large part to a higher oil import bill, official data released on Thursday showed. The trade deficit is wider than the $14.61 billion seen in October of last year and the $13.98 billion in September 2018. Positive growth …

President, Dr. Zakir Husain said here [New Delhi] to-day [November 15] that the draft Fourth Plan will be presented to the National Development Council in January next. The preparation of the Fourth Plan had involved difficult choices at every stage and a re-formulation of basic national policies. Inaugurating the conference …

There is no liquidity crisis in the NBFC sector right now, according to SBI chairman Rajnish Kumar. “There is no liquidity crisis in the NBFC sector… Roll-overs have been successful and all of them have been able to meet their commitments as far as their obligations are concerned,” Mr. Kumar …

Fitch Ratings on Thursday retained India’s sovereign rating at ‘BBB-’, the lowest investment grade rating, although maintaining its stable outlook. The company added that the economy would shrug off any lingering effects of demonetisation and GST during 2018-19 and 2019-20. “India’s rating balances a strong medium-term growth outlook and favourable …

Mahindra Electric Mobility has opened a Rs. 100-crore electric technology manufacturing hub in Bengaluru and rolled out its lithium-ion three-wheeler range on Thursday. Branded under the umbrella of +ME technologies, the facility will make battery packs, power electronics and motor assembly which are an integral part of an electric power …

Ahead of the much talked about board meeting of the central bank, RBI board member S. Gurumurthy Thursday said the stand-off between the government and the Reserve Bank was not a happy situation. The comment comes amid the ongoing rift between the Finance Ministry and the RBI over several issues, …

Speaking for the first time since Sri Lanka’s political turmoil began three weeks ago, former President Chandrika Kumaratunga said she regretted that some in her party were betraying the January 2015 mandate. “The country has reached a dangerous precipice of chaos, anarchy and breakdown of the rule of law,” she …

India and China are set to expand their military ties, in tune with the spirit of the Wuhan informal summit between Chinese President Xi Jinping and Prime Minister Narendra Modi in April. During talks between visiting Defence Secretary Sanjay Mitra and his Chinese counterpart Shao Yuanming, both sides agreed to …

Hardliners rubbish Brexit deal as not securing the country’s sovereignty as promised Following the epic five-hour British Cabinet meeting, during which up to 10 Ministers were said to have expressed their reservations about the Brexit deal, Prime Minister Theresa May had on Wednesday announced that she had secured Cabinet backing …