Economy

“They have moved as per schedule so far and we hope the handover will happen as agreed,” said an official informed of the matter. The positive observation came a day after Iran’s Transport Minister said here that Tehran would proceed with handing over responsibility of running the port to an …

As fuel prices soar, PM’s push for public transport gets attention What should the future of mobility be for India? “Safe, Adequate, Holistic Infrastructure or SAHI.” That is the recommendation of a report presented to Prime Minister Narendra Modi at the Global Mobility Summit, Move, in New Delhi on Friday. …

Individual houses to get incentivesto build toilets Four years into the Swachh Bharat programme, Bihar has finally given up on a model of only allowing community-based incentives for toilet construction. Two weeks ago, the State switched to allowing individual household-based incentives, according to Parameswaran Iyer, Secretary of the Department of …

Longer duration motor third party insurance cover is all set to become mandatory for new cars and two-wheelers as scheduled from September 1, with the Supreme Court on Friday refusing to extend the deadline. A bench of Justices Madan B. Lokur and S. Abdul Nazeer dismissed an application filed by …

Idea Cellular has merged Vodafone India with itself to create the country’s largest telco with a subscriber base of 408 million, overtaking Bharti Airtel. The merged entity, Vodafone Idea Ltd., will have Kumar Mangalam Birla as the chairman. However, both Vodafone and Idea that have a strong consumer base across …

Former Finance Minister P. Chidambaram, however, pointed out in a tweet, “Happy that the rate of growth has quickened, but…Q1 growth rate is based on the lowest base (5.6) in the last 8 quarters.” “Going forward, the base effect will not be so favourable. And when we reach Q3 and …

India remains a preferred destination for foreign direct investment (FDI) as domestic consumption remains strong, according to the RBI Annual Report. With manufacturing sector gathering momentum, helped by both services and agriculture sectors, consumption demand remains robust in the country making it an attractive investment destination, the report said. India …

The Cabinet on Wednesday approved an increase of 79.3% in the project outlay for setting up the India Post Payments Bank to Rs. 1,435 crore. The move comes three days ahead of the nationwide roll-out of the payment bank by Prime Minister Narendra Modi. The additional sum of Rs. 635 …

Power generator NTPC is undertaking due diligence of some of the stressed power assets in the country. NTPC was not averse to acquiring them as long as they met a certain criteria, a top official of the public sector enterprise said, adding: “We are evaluating… already due diligence is being …

Production of refined copper has slumped by 47.1% during the first quarter of FY19. This is primarily attributed to the shutdown of the 400 KT (kilo tonne) Thoothukudi smelter of Sterlite Copper, which accounted for 40% of the country’s copper smelting capacity. Domino effect The decline in domestic production has …