GS-III

TransportHub to foray into West Asia, Africa

TransportHub (TH), an online platform that provides technology ecosystem and a whole gamut of IoT and analytics solutions to transport and logistics businesses, has chalked out plans to foray into West Asia and Africa. “We have initiated talks with entities in Dubai and South Africa to expand our footprint in …

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‘Set up high-value textile-making units’

The textile industry can tap opportunities emerging globally in high-value manufacturing by converting fibre into fibre assemblies, according to Prasad Potluri, professor of robotics and textile composites and director of research at Northwest Composites Centre, University of Manchester. Mr. Potluri, who were here recently, told The Hindu that high-value manufacturing …

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PSU banks plan closure of 70 overseas offices in FY18

Public sector banks are in the process of closing or rationalising about 70 overseas operations as part of capital conservation exercise. Unviable foreign operations are being shut while multiple branches in same cities or nearby places are being rationalised with a view to achieving efficiency, sources said. As part of …

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‘Tech giants must reinvest in infra, jobs’

Global technology giants should reinvest part of their profits for development of infrastructure and job creation in revenue generating countries such as India, Union Minister of Electronics and IT Ravi Shankar Prasad said. Speaking at the G20 Digital Economy Ministerial meeting in Argentina, the Minister said the largest and most …

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New copters to enable tech transfer

The Defence Ministry is shortly expected to release project-specific implementation guidelines for the 111 naval utility helicopters to be procured under the Strategic Partnership (SP) model. However, foreign companies say there is still some clarity required on crucial legal, liability and technology transfer issues. “There are two important issues that …

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India Inc. reaches out to help Kerala

Corporate India has been making large contributions to the Kerala Chief Minister’s Distress Relief Fund (CMDRF), and finding other ways to help too. The biggest donor so far is the Adani Foundation, with Rs. 25 crore for immediate relief, and another Rs. 25 crore committed for rehabilitation and resettlement. AF …

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‘No warning system’

Amid several analyses of Kerala’s devastating floods earlier this month pointing to lack of preparedness escalating the impact of the extreme weather event, Secretary, Ministry of Earth Sciences (MoES) Madhavan Rajeevan said a ‘red alert’ issued by the IMD for several districts of Kerala two days ahead of the August …

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BIS to set up panel for services sector

The Bureau of Indian Standards (BIS) standards is set to formulate a framework for quality services that should be provided to consumers and also talk about the benchmarks to deal with consumer complaints or after sales service in an effort to ensure quality in the services sector. At a meeting …

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What the new CAF rules imply

Former Environment Minister Jairam Ramesh has, in a letter, raised serious objections to the rules governing the administration of the Compensatory Afforestation Fund. He has described them as a “blatant breach of assurances” given to Parliament. Here is a look at the key issues involved What is the Compensatory Afforestation …

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The tentacles of moneylending run deep

Non-institutional moneylending at exorbitant interest rates is a complex phenomenon, with different facets in different regions. While the Karnataka government on Friday announced one-time discharge of loans availed from moneylenders through Debt Relief Bill, 2018, implementing this is a tough task, given the nature of rural lending. Source : https://www.thehindu.com/todays-paper/the-tentacles-of-moneylending-run-deep/article24783052.ece

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Vedanta to invest up to $8 billion in oil, metals

Vedanta Ltd. is planning invest as much as $8 billion or Rs. 56,000 crore in expanding its oil and energy businesses in India. “As India’s largest private sector oil producer, Vedanta Limited contributes 27% to the domestic production and aspires to take it up to 50%,” said Navin Agarwal, chairman, …

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Yojana brings out issue on jobs

At a time when the Opposition is using the dipping employment data as a stick to beat the government with, the Information and Broadcasting Ministry has brought out a special issue of its annual journal, Yojana , on “Employment and self-employment”. The issue reportedly aims at clearing the air on …

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Study on pollution ranks Kochi as the 5th cleanest

A study on air and travel-related pollution loads caused by urban transport has ranked Kochi as the 5th cleanest among the 14 Indian cities. The study carried out by the Centre for Science and Environment (CSE), New Delhi, looked at the quantum of toxic emissions of particulate matter (PM), nitrogen …

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CreditAccess lists below issue price

Microfinance lender CreditAccess Grameen made a tepid debut on the bourses on Thursday with the shares falling below the issue price even as the benchmark indices posted marginal gains. On BSE, the shares listed at Rs. 385, much lower than the issue price of Rs. 422 before closing at Rs. …

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