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Window dressing of accounts to be checked by the banks

News:  The government is overhauling the annual targets for public sector banks from this month, to focus on size that has long encouraged banks to inflate their loans and deposits at the year-end to hit growth objectives. Description: Overhauling the bloated and often sluggish state banks is critical for the ...

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Air India’s turnaround plan to be reviewed

News: Air India is facing increasing competition from other service airlines in domestic and international routes. So, the civil ministry has asked SBI Capital Markets to review Air India’s turnaround plan in view of changes in the operating environment and the airline’s inability to reduce losses. Description: In 2015, the airline ...

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Defence Framework Agreement signed between US & India

Agreement : During Obama’s visit, both countries had identified four “pathfinder projects” as well as decided to explore development of aircraft carrier technologies and jet engines. With the step towards the same, India and US have signed a new strategically important 10-year defence framework agreement setting the stage for co-development and ...

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L&T to construct floating dock for Indian Navy.

News: Larsen & Toubro (L&T) has received Rs 468 crore order for the design and construction of a floating deck for the Indian Navy. Description:   At L&T’s Warship Design Centre, complete design and engineering of the floating dock (FDN) will be under-taken. The floating dock will be capable of docking ...

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Govt plans to integrate 36 services with EBIZ portal

News: The government has proposed to integrate 36 central and state government services such as application for environment clearance, property tax and factories licence with the e Biz portal. Description:  India has been ranked 142 among the 189 countries and the government is aiming to bring India into the top ...

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India’s fastest train completes its final test run.

News The sixth and final trial for Gatimaan Express, the first semi high-speed train service between Delhi and Agra has been completed. The train covered the 195-km journey in 115 minutes, clocking a maximum speed of 160-plus kmph. Details The running schedule of the train as well as its fare ...

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India joins the Multilateral Competent Authority Agreement (MCAA).

News H.E. Mr. Mohan Kumar, Ambassador of the Republic of India to France India, joined the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information in Paris, France, along with Australia, Canada, Costa Rica, Indonesia and New Zealand. Ninety-four countries have committed to exchange information on an automatic ...

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Government to import pulses to control price rise

Agriculture Minister Radha Mohan Singh announced at a press conference that the government is planning to import pulses through state-owned trading agencies in order to boost domestic supplies and control rising prices. The retail prices of pulses including tur,urad,moong have risen up to 64 per cent,crossing Rs 100/kg mark as against 72-97/kg ...

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Khoya Paya web portal launched.

The Union Minister of Women and Child Development, Smt. Maneka Sanjay Gandhi and Union Minister of Communication & IT, Shri Ravi Shankar Prasad jointly launched the Khoya Paya web portal at a function organised at National Media Centre in New Delhi. The Khoya Paya portal is a citizen based website ...

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