Sector

  • Rs 2482 crore earmarked for education sector in Delhi budget July 18, 2014

    New Delhi: To spruce up the educational infrastructure, Rs 2,482 crore was on Friday allocated to the Education sector in the Delhi budget, which is approximately 14.8% of the plan outlay of Rs 16,700 crore. Rs 350 crore was earmarked for the construction of 20 new schools in the budget...
  • J&K: Ceasefire violation by Pakistan in RS Pora sector, no casualties July 12, 2014

    Srinagar: There has been yet another ceasefire violation by Pakistan along the border on Saturday. Pakistan Rangers fired at Indian post Pindi in RS Pora sector on Saturday morning. The Indian posts retaliated the firing. There are no reports of casualties so far. ...
  • Jewellery sector expresses disappointment with Union Budget July 10, 2014

    Mumbai: The gems and jewellery industry which had sought reduction in the gold import duty as well as abolition of the stringent "80:20 norms", expressed its disappointment with Union Budget on Thursday. "The entire industry was waiting for a positive turn of events but was let down by the government in...
  • Mutual Fund industry says Budget a mixed bag July 10, 2014

    Mumbai: The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag. "The additional exemption under 80C will provide a limited window for tax exemption eligible...
  • Government proposes to resolve current impasse in mining sector July 10, 2014

    New Delhi: The beleaguered mining sector is likely to witness improved activity with the government on Thursday proposing to resolve the "current impasse" expeditiously aimed at encouraging investment and bridge supply-demand gap. Paying heed to requests of the states, Finance Minister Arun Jaitley in his maiden Budget speech also proposed to...
  • Arun Jaitley allocates Rs 1,000 crore for renewable sector schemes July 10, 2014

    New Delhi: Calling it a 'high priority' area, finance minister Arun Jaitley on Thursday allocated Rs.1,000 crore for the solar power sector, a move that will boost energy generation from renewable sources. The government aims to construct Ultra Mega Solar Power Projects or high capacity plants in the radiation rich...
  • 'India should allow 100 per cent FDI in disability sector' July 10, 2014

    Washington: India should tap the mega economic opportunity in the disability sector by allowing 100 per cent foreign direct investment in it to manufacture products for the specially-abled population, an influential Indian-American activist has said. "While newly-elected Indian government has promised to help specially-abled people of India, it should also look...
  • MP government extends retirement age of private sector workers July 9, 2014

    Madhya Pradesh government has decided to increase the retirement age of labourers and other employees working in private sector to 60 years from current 58 years. "The state government has issued a gazette notification regarding this decision which will benefit over 15 lakh employees working in the private sector," state Labour...
  • FDI beyond 26 pc in defence sector on case-by-case basis: Arun Jaitley July 8, 2014

    New Delhi: Foreign Direct Investment beyond 26 per cent in defence sector may be permitted on a case-to-case basis in areas that can result in access to modern and state-of-the art technology, the government today said. "As per the current FDI policy, up to 26 per cent FDI is permissible in...
  • PM favours PPP model in power sector July 4, 2014

    Uri: Prime Minister Narendra Modi on Friday favoured Public Private Partnership model in power sector and described renewable sources of energy as the answer to the country's growing power needs. Inaugurating the 240-Megawatt Uri-II Hydro Electric Project (HEP) located near the Line of Control in Baramulla district of Kashmir, he said...
  • If I were FM, I would allocate more funds for the education sector July 1, 2014

    If I were the Finance Minister, I would like to allocate more funds for the education sector and open up more government institutions like IIT and IIM and secondly I would like to create more opportunities in the employment sector for the youth. ...
  • 'Steel sector needs Rs 12 lakh cr investment by 2030, Jharkhand to be focus area' June 27, 2014

    Investments of around Rs 12 lakh core would be required in steel sector by 2030 to treble the country's installed capacity to 300 million tonnes per annum (mtpa), Prime Minister Narendra Modi was informed on Friday. In a presentation to Modi, Steel Secretary G Mohan Kumar also said eastern states such...
  • '51 pc FDI in defence will be a game changer for India' June 26, 2014

    New Delhi: Raising foreign direct investment cap to at least 51 per cent in the defence sector will help India become a major manufacturing and export hub, reducing dependency on imported equipment. "India can be a game-changer only by allowing at least 51 per cent FDI in the sector. With...
  • Antony criticises Modi government over FDI move in defence June 25, 2014

    Thiruvananthapuram: Former Defence minister and senior Congress leader AK Antony on Wednesday criticised the Narendra Modi-led NDA government for its move to allow 100 per cent foreign investment in defence sector and alleged it was aimed at appeasing multinationals and corporates. Speaking at a function at the KPCC office, he said...
  • India needs sweeping power sector reforms: World Bank June 24, 2014

    New Delhi: Electricity distribution in India needs reform to achieve the target of electricity to all by 2019, the World Bank said on Tuesday. "Power distribution in India needs sweeping reforms if it is to bring back the country to a high growth trajectory and meet its goal of expanding access...
  • Madhya Pradesh offers to supply Delhi with additional electricity June 17, 2014

    Madhya Pradesh, which is an energy surplus state, offered to provide electricity to Delhi on Tuesday, in addition to the 231.5 MW of electricity, which it already supplies to the national capital. The offer was given by Madhya Pradesh Chief Secretary Anthony JC DeSa to his counterpart in Delhi SK Shrivastava...
  • HRD to launch interface to resolve woes in education sector: Smriti Irani June 15, 2014

    Pune: Resolving to work to link the country's graduates with employment, Union HRD Minister Smriti Irani on Sunday said that her Ministry would soon open an online and personal interface programme comprising academicians to tackle problems faced by premier institutions and students' bodies. Speaking at a students' gathering at...
  • Ficci backs Modi government proposal to enhance FDI in Defence June 14, 2014

    New Delhi: Endorsing the government's proposal to liberalise FDI in the country's defence sector, Ficci on Friday said that the move will raise manufacturing capability and could be used to achieve self reliance in critical defence technologies. "Ficci welcomes the proposal put forth by the Ministry of Commerce & Industry to...
  • CII welcomes government resolve to liberalise FDI in defence June 10, 2014

    New Delhi: Welcoming the government's resolve to liberalise FDI in the defence sector, CII on Tuesday said that the proposed move will create more opportunities within India by helping create jobs and boost manufacturing sector growth. The industry chamber pointed out that a meager $4.8 million worth of foreign direct...
  • Chandigarh building collapses after blaze; 2 firemen dead, 2 still trapped June 9, 2014

    Chandigarh: At least 2 firemen have been killed while two others are still feared trapped after a fire broke out in a four-storey building in Chandigarh. The building in Chandigarh's Sector 17 collapsed after the fire trapping the ill-fated firemen under the debris. According to authorities, the firemen were engaged in...
  • Chandigarh: Major fire breaks out in Sector 17, firemen feared trapped June 8, 2014

    Chandigarh: A major fire broke out on Sunday night at the Regional Computer Centre in Sector 17 of Chandigarh. The firemen with about 45 fire tenders rushed to the spot which is reportedly the most posh area in the city. Authorities informed that the fire stricken building collapsed as the firemen...
  • Woman alleges father raped her before and after marriage June 5, 2014

    A mother of a three-year-old child has accused her father of raping her repeatedly. According to the complaint, the woman aged around 25 years, resident of Salarpur village, alleged that her father raped her before and after her marriage, police said. She had kept the matter in the dark out of...
  • Modi government offers renewed sense of optimism: US corporate sector June 14, 2014

    Washington: The Narendra Modi-led government's functioning in its first week has offered a renewed sense of optimism even as no major policy decision or economic reforms have been announced, according to the US corporate sector. "There is a renewed sense of optimism in the air and we share that sentiment," said...
  • Raising FDI limit in Defence will create more jobs, says Prakash Javadekar May 30, 2014

    New Delhi: Raising the FDI limit in the defence sector will help the country in creating jobs and being self-reliance in the military arena, Information and Broadcasting Minister Prakash Javadekar said on Friday. "I have been a member of Standing Committee on Defence and based on my experience, I can say...
  • Akhilesh in trouble as power crisis hits UP May 30, 2014

    Angry residents are taking to the streets across Uttar Pradesh in the wake of severe electricity outages which have put the Samajwadi Party government in a spot. With little to show in the power sector in the last two years of its rule, this is the worst thing that could have...
  • Narendra Modi-led government likely to boost job market in India: Experts May 14, 2014

    New Delhi: With exit polls predicting a Narendra Modi-led government, experts are anticipating a spurt in the job market on the expectation that the BJP leader would revive the economy, particularly the manufacturing sector. HR consultancy firm Unison International has estimated the job market to grow by at least 30 per...
  • FM to meet heads of PSU banks, financial institutions on Tuesday May 12, 2014

    Amidst rising bad loans, Finance Minister P Chidambaram will review financial performance of public sector banks (PSBs) on Tuesday. The review will cover overall credit growth, with particular reference to agricultural credit, MSME credit, housing loan, education loan and lending to minority communities among others, an official statement said. Chidambaram will also...
  • US sees dramatic surge in graduate applications from India April 20, 2014

    Applications from prospective Indian students to US graduate schools surged dramatically while those from China slowed down a bit in 2013, according to a new report from the Council of Graduate Schools (CGS). A 32 per cent increase in applications from India, which accounts for 18 per cent of all international...
  • Change India: Ideas to transform India's education sector? April 13, 2014

    In the run up to the 2014 Lok Sabha polls, Network18's latest campaign is on 'Change India - Agenda for the next PM'. In this special conclave from Shri Ram College of Commerce in New Delhi, we bring to you the policy initiatives that will enable the next prime minister...
  • Allahabad HC orders demolition of two 40-storey building in Noida April 11, 2014

    Noida: In a major setback to Noida Authority and realty major Supertech, the Allahabad High Court on Friday ordered the demolition of two 40-storey towers in Sector 93 A, Noida. The court has also directed the prosecution of officers of Noida Authority and Supertech for carrying out the illegal construction....