Ministries

News: The defence ministry has invited 10 companies to bid for a Rs 60,000-crore project to manufacture futuristic infantry combat vehicles (FICVs) in India. Several major players like Tata, Mahindra, Larsen and Toubro, Pipavav, Bharat Forge and Punj Lloyd have been asked by the defence ministry to submit their bids ...

News: India is the only large emerging market in Asia region to have posted a positive return in dollar terms; it also is the only market in Asia where FIIs are the net buyers. Experts believe that the Indian equity markets are once again gaining the tag of being the ...

News: National Highways Building Project (NHDP) is government’s flagship road building programme which envisages development of existing National Highways (NHs) into world-class roads in different phases. India has the world’s second-largest road network at 4.80 million kms and NHs comprise 2 per cent of total road network bearing 40 per ...

News: Barak 8 is being considered to be a major asset for Indian Navy because it would add a potent system designed to destroy any anti-ship missile launched by Pakistani or Chinese navy. India and Israel are likely to test fire this month the long-range surface-to-air Barak 8 missile, jointly ...

News: At IIT Kharagpur, a group of students is working on technology that may help power micro-aerial vehicles (MAVs) or mini-drones for Boeing. These are deployed in hazardous environments not accessible to ground vehicles and often used for aerial photography. Global and Indian aerospace firms are increasingly seeking out technical ...

News: Uber operates in 57 countries, with an estimated value of more than $40 billion. But it has tangled with transport authorities across the globe, along with attorneys seeking to deem Uber drivers as employees entitled to benefits. Uber Technologies Inc [UBER.UL] will invest $1 billion in India in the ...

News: In 2014-15, the government seized Rs 761.70 crore in 545 searches, Rs 807.84 crore in 569 cases in 2013-14 and Rs 575.08 crore in 422 searches in 2012-13, Minister of State for Finance Jayant Sinha said. There were 34 convictions in 2014-15, 41 in 2013-14 and 10 in 2012-13, ...

News: Government chalks out a plan for income transfers – total subsidy to a household as basic income to the beneficiary through Jan Dhan and Aadhaar platform and the project to be rolled out on pilot basis in districts where there is surplus basis. It will help create demand for ...

News: India is ranked at the 142nd position among 189 nations in World Bank’s Ease of Doing Business 2015 report. The Finance Minister, Jayant Sinha said that the government is taking various initiatives, including e-biz portal, Goods and Services Tax, mobile platform for setting up business, and is working with ...

News: Air India, which is grappling with tremendous financial stress, was allocated Rs 2,500 crore in the Union Budget 2015-16 and weas short of nearly Rs 4,300 crore sought by the Ministry for the national carrier. The Finance Ministry sought Parliament’s nod for making an additional equity infusion into Air ...