News: The government, which has earmarked Rs 1 billion for diesel subsidies, will also ensure subsidised seeds are available in case farmers need to plant their crops again. Monsoon rains irrigate nearly half of farm lands. So far, the June-September monsoon rains have been 9 per cent below a long-term ...
Read More »L&T set to bag Rs 530 crore project for army bridges
News: The ‘short span bridge’ contract will be awarded to L&T on a single vendor basis as it has acquired the technology for construction of military grade systems. L&T has built significant capability in military mobile bridging systems for the Army in partnership with the Defence Research and Development Organization ...
Read More »180 fighting bunkers to be constructed along Indo-Pak International Border
News: Government is constructing 180 fighting bunkers for troops along the Indo-Pak International Border (IB) in Jammu. “Along the IB in Jammu region, government has approved construction of 179 kilometre composite bundh, which includes fortifying of existing observation posts and construction of 180 number of Naka-cum-machan-cum fighting bunkers inside the ...
Read More »DRDO to be part of Future Ready Combat Vehicle project: Army
News: The Indian Army today said there is a plan to incorporate DRDO as a technological partner in the proposed Future Ready Combat Vehicle (FRCV) project. The army plans to adopt a novel approach for designing and developing its future category of battle tanks. The proposed approach will involve three ...
Read More »PF Settlement Made Quicker: Timeline Revised From 30 To 20 Days
News: The Ministry of Labour & Employment said that Employees Provident Fund Organisation (EPFO) revised the timeline for settlements of PF, pension and insurance claims from 30 to 20 days. The EPFO launched a nationwide publicity outreach programme called Nidhi Aapke Nikat in July, it is a new initiative on ...
Read More »Luxury brands like Maserati, Ducati plan a comeback trail to India with new strategies
News: Several international luxury brands are making a return to India with reworked strategies, after failing to make a mark in this high potential market in their first outings. British luxury menswear and accessories brand Alfred Dunhill, which brought the shutters down on its stores in India in 2012, is busy ...
Read More »Government may raise minimum daily wages in the country by up to 25%
News: The government may raise the minimum wages in the country by as much as 25% and also make them binding on all states, a move aimed at improving the lifestyle of the poor and giving an indirect boost to the rural economy. A senior government official said that the ...
Read More »PM Modi may offer Jammu and Kashmir Rs 1 lakh-crore financial aid
News: Prime Minister Narendra Modi is likely to announce a financial package for Jammu & Kashmir on August 15 on Independence Day. “If everything goes well, the announcement will be made on August 15. It may well be over Rs 1 lakh crore,” said a senior member of the PDP-BJP ...
Read More »India to witness stable growth momentum: OECD
News: India is expected to witness “stable growth momentum” while mixed trends are anticipated in other major developing and developed countries, Paris-based think tank OECD said. Neighbouring China as well as Brazil are projected to see a loss in growth momentum, according to the Organisation for Economic Cooperation and Development ...
Read More »Posco, Uttam Galva to set up $3 billion steel plant in Maharashtra
News: South Korea’s Posco joined Uttam Galva group to set up an estimated $3 billion steel plant in Maharashtra. Shree Uttam Steel & Power Ltd is fully owned by the Miglani Family who are the co-promoters along with ArcelorMittal of Uttam Galva Steels Limited. The latter is one of the ...
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