Business
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| | Modi inaugurates world's second-biggest dam 'Sardar Sarovar', dedicates it to nation | | | | NEW DELHI, Sep 17 (Agencies): Prime Minister Narendra Modi inaugurated the Sardar Sarovar Dam in Kevadia, Gujarat on the occasion of his 67th birthday on Sunday.
The inauguration was attended by Chief Minister Vijay Rupani, Bharatiya Janata Party President Amit Shah, Union Minister Nitin Gadkari and several other religious and spiritual heads of the state.
The foundation stone of the dam was laid on April 5, 1961, by the country's first prime minister Jawaharlal Lal Nehru. However, it took 56 years to complete its construction.
An official release said the increase in the dam height will facilitate a usable storage of 4.73 Million Acre Feet (MAF) and will greatly benefit the participating states of Gujarat, Rajasthan, Madhya Pradesh and Maharashtra.
It said that the project has helpe... |  | |
| | | Railways cuts down sleeping hours for passengers by an hour | | | | NEW DELHI, Sep 17 (Agencies): The Railways is trying to put an end to those tiresome quarrels that break out due to oversleeping passengers on the middle and lower berths by reducing official sleeping hours.
According to a circular issued by the railway board, the passengers in the reserved coaches can only sleep between 10 pm and 6 am to allow others to sit on the seats for the rest of the time.
Until the circular was issued, the existing permissible time for sleeping was between 9 pm and 6 am.
"Sleeping accommodation between 2200 hours and 0600 hours and sitting accommodation for the rest of the period is provided for the passengers in the reserved coaches having sleeping accommodation," said the circular, dated August 31.
The circular, however, makes an exception for certain passen... | | |
| | | J&K Bank launches Aadhaar enrolment and updating service | | | | JAMMU, Sep 15: With a view to facilitate Aadhaar enrolment to customers as well as the residents of Jammu and Kashmir, J&K Bank today became the first bank to launch Aadhar Enrolment and Updating Services in the state.
Chairman & CEO Parvez Ahmed on riday launched the services here at Corporate Office in presence of Executive Presidents Vagesh Chander, S S Sehgal, Sr. President Abdul Rashid, Presidents Abdul Rashid Shegan, P K Tickoo, Nishi Baru, Vice Presidents and other senior officers of the bank.
Speaking on the occasion, Chairman said, “It is quite pleasing to launch these services today as these will facilitate hassle-free Aadhaar enrolment, biometric update besides updating demographic details of not only our customers but all the residents of Jammu and Kashmir.”
“The entire pro... | | |
| | | After PAN, driving licences to be linked with Aadhaar: Prasad | | | | NEW DELHI, Sep 15: In a bid to check the menace of multiple driving licences being issued to individuals, the central government will soon introduce linking of Aadhaar with driving licences, Union minister Ravi Shankar Prasad said on Friday.
The Minister for Electronics and Information Technology said that after linking PAN with Aadhaar, the government would now link Aadhaar with driving licences. Speaking at the "Haryana Digital Summit-2017" here, Prasad said: "I have already had a word with Union Minister for Road Transport and Highways Nitin Gadkari in this regard and the process to link Aadhaar with driving licences would be set in motion soon.
Aadhaar is a safe and secure tool for good governance and empowerment." "Aadhaar represents digital identity, not physical identity, and t... | | |
| | | India's exports up 10.29% in August; trade deficit widens to $11.64 billion | | | | New Delhi, Sep 15 (Agencies): India's exports grew by 10.29 percent on a yearly basis to USD 23.81 billion in August on account of rise in shipments of engineering, petroleum, chemicals and pharmaceuticals products, official data released on Friday showed.
Imports too rose by 21.02 percent to USD 35.46 billion in August from USD 29.30 billion in the year-ago month due to rise in inward shipments of crude oil and gold.
The trade deficit in the month widened to USD 11.64 billion from USD 7.7 billion during the same month a year ago.
Gold imports increased by 68.90 percent to USD 1.88 billion in August against USD 1.11 billion in the same month last year.
Oil imports was valued at USD 7.75 billion in August, an increase of 14.22 percent over the same month in 2016.
Cumulative exports du... | | |
| | | Growing convergence between Japan and India has capacity to stimulate global economy: Modi | | | | NEW DELHI, Sep 14 (Agencies): Prime Minister Narendra Modi on Thursday said that the growing convergence between Japan and India on strategic and economic issues has capacity to stimulate the global economy.
In his address at the India-Japan Business Plenary here, Prime Minister Modi said, "With the strength of our friendship & trust, I invite more and more Japanese people and companies to come, live and work in India."
With the strength of our friendship & trust, I invite more and more Japanese people and companies to come, live and work in India: PM Modi
Modi further said that initiatives like the ease of doing business, Skill India or Make in India show that India is transforming, while also urging the Japanese business community to open the maximum number of Japanese restaurant cha... | | |
| | | CBI summons Karti Chidambaram in Aircel-Maxis corruption case | | | | NEW DELHI, Sep 13 (Agencies): The Central Bureau of Investigation (CBI) has summoned Karti Chidambaram in Aircel Maxis corruption case on Thursday.
The Enforcement Directorate had earlier issued summons to Karti Chidambaram on July 5 in connection with its money laundering probe in the Aircel-Maxis deal.
The agency had then issued a notice to Karti Chidambaram to present himself in person or through an authorised representative and asked to submit personal financial documents and those related to a firm this week.
This was the first time then that a notice had been issued to Karti Chidambaram in the case which is being investigated since 2015.
The probe pertains to firms identified as Advantage Strategic Consulting Private Limited and Chess Management Services, where Karti Chidambaram... | | |
| | | Linking of Aadhaar and SIM mandatory: Here's how you can carry out the process | | | | NEW DELHI, Sep 12 (Agencies): The Centre had issued a notice, stating that all the SIM cards have to be linked to Aadhaar before February 2018 to avoid deactivation of the phone numbers. The order was passed by the Supreme Court recently after hearing the Lok Niti Foundation case regarding linking of Aadhaar card and SIM cards.
The Centre added that this is being done to prevent criminals, fraudsters, and terrorists from using SIMs in the name of ordinary citizens. The Centre has also directed the telecom companies to inform their subscribers about the linking of cell phones to Aadhaar through emails, text messages or advertisements.
Most of the telecom companies have already started sending alerts to their customers about Aadhaar-SIM linking process.
Here's how you can link phone numb... | | |
| | | DA hiked to 5% from 4% for central govt employees | | | | NEW DELHI, Sep 12 (Agencies): The Union Cabinet on Tuesday approved a 1% hike in dearness allowance (DA) and dearness relief (DR) to 5%, benefiting 48.85 central government employees and 55.51 lakh pensioners.
“The Union Cabinet chaired by Prime Minister Narendra Modi has approved release of an additional instalment of dearness allowance to central government employees and dearness relief to pensioner with effect from July 1, 2017,” an official statement said.
The DA/DR has been hiked by 1 percent over the existing rate of 4 percent of the basic pay/pension to compensate for price rise and it is in accordance with the accepted formula based on the recommendation of 7th pay commission, the statement said.
The combined impact on the exchequer on account of both DA and DR would be Rs 3,06... | | |
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