GS-III

NHAI to raise Rs 10,000 cr through Bharatmala bonds

The National Highways Authority of India (NHAI) plans to raise Rs. 10,000 crore through Bharatmala Taxable Bonds in the current fiscal, Parliament was informed on Thursday. Highways Minister Nitin Gadkari said as per the internal and extra budgetary resources approved for 2018-19 by the government, Rs. 62,000 crore is to …

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‘Printing of Rs. 2,000 notes reduced to minimum’

The printing of Rs. 2,000 banknotes, introduced post-demonetisation in November 2016, has been reduced to “minimum” by the Reserve Bank, a top finance ministry official said on Thursday.Soon after the sudden decision to ban old Rs. 500/1000 currency notes by the government, the Reserve Bank of India had come out …

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Global headwinds continue to spook Indian markets

Global headwinds continued to hit Indian equities for the second consecutive session on Thursday as the benchmark Sensex and Nifty lost more than 1% each with investors reeling under concerns of an economic slowdown.The 30-share Sensex lost 377.81 points or 1.05% to close at 35,513.71. The broader Nifty ended the …

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Object of IBC paramount, says NCLT

The Mumbai Bench of the National Company Law Tribunal (NCLT) has observed that rejection of a resolution plan on technicalities, without going into its merits, goes against the spirit of the Insolvency and Bankruptcy Code.Hearing the case of the applicant Omkara Assets Reconstruction Private Limited, the applicant, against the Interim …

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‘Committee on Assam Accord a poll gimmick’

The Narendra Modi government’s move to form a high-level committee for the effective implementation of Clause 6 of the 1985 Assam Accord has been labelled a “poll gimmick” by political parties and organisations in Assam.Clause 6 of the Assam Accord seeks to provide “constitutional, legislative and administrative safeguards” to “protect, …

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Maggi: SC revives suit against Nestle

The Supreme Court spelt trouble for the Indian branch of the Swiss food giant Nestle on Thursday by resuscitating a Rs. 640-crore class-action suit filed by the government on behalf of thousands of consumers of the iconic Maggi noodles.The suit was filed by the Department of Consumer Affairs, Ministry of …

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Child care homes don’t paint a rosy picture

A pan-India survey of childcare institutions (CCI) conducted by the Centre has highlighted poor safety and security measures, inadequate monitoring of these facilities, and a lack of effort to trace parents of missing children sent to these homes.The full report of the survey titled ‘Mapping and Review Exercise of Child …

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Light Combat Aircraft Tejas gets the green light for manufacture in enhanced, battle standard format

On December 31, Light Combat Aircraft (LCA) Tejas quietly progressed towards manufacture in an enhanced, battle standard format.A new ‘limited’ clearance from Centre for Military Airworthiness & Certification (CEMILAC), a laboratory of the Defence Research and Development Organisation, for the fighter aircraft green-lights its production in a superior lethal version, …

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‘Varsities in States must do research’

Prime Minister Narendra Modi said on Thursday that it was time for research to expand beyond the Central institutes of national importance — such as the IITs and the IISERs — and branch out into the numerous State universities.Observing that “95% of our students go to State universities and colleges,” …

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