News: The government has launched an insurance pool to the tune of Rs 1,500 crore which is mandatory under the Civil Liability for Nuclear Damage(CLND) Act n a bid to offset financial burden of foreign nuclear suppliers. Clauses in the CLND Act, which give the operator the Right to Recourse and ...
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Industrial Output grew by 4.1% in April
News: The country’s industrial output grew 4.1 per cent in April, compared with 2.5 per cent in March, which is a good news for the government’s ‘Make in India’ programme and a good start to financial year 2015-16. In April, the rate of manufacturing growth rose to 5.1 per cent, against ...
Read More »Mercedes to manufacture SUV in India
News: Mercedes Benz has decided to manufacture the GLA entry SUV in India, the first market after Germany. German automaker Mercedes-Benz plans to increase the number of cars it makes in India, hoping to trim retail prices to help grab a bigger share of a luxury car market where competition ...
Read More »No more custom duty charges on medicines for AIDS
News: The government has proposed to make the drugs used to treat AIDS and other diseases cheaper. The drugs and equipment will be exempted from custom duty. In a notification issued by the Central Board of Excise and Customs it has been stated that this exemption will be effective from March 31, ...
Read More »Students with F1 Visa will be allowed to work for 6 Years in USA
News: Department of Homeland Security (DHS) is considering revising regulations that would allow Foreign Students on F1 visas to work in the United States for upto six years Jobs/Employment under the Optimal Practical Training Program. Optional Practical Training (OPT) and Curricular Practical Training are two employment options available to students on an F1 ...
Read More »Foxconn in talks to manufacture iPhone in India
News: Foxconn Technology is in talks to manufacture Apple’s iPhone in India. In a move that could lower prices in the world’s No.3 smartphone market where the US firm trails Samsung Electronics and local players. India could help Foxconn mitigate accelerating wage inflation in China, where it makes the majority ...
Read More »Sweden to collaborate with India on submarines and fighters
News: Sweden has offered to collaborate with India on production of light combat aircraft in the country along with state-of-the-art submarines as part of the ‘Make-in-India’ initiative. Highlights of the Meeting: Both the countries have discussed issues of mutual interests concerning bilateral defense cooperation and regional security scenario. They have ...
Read More »Central Railways starts ICU facility on rails
News: Central railways has started with the I.C.U facility on rails. Benefits: Train accident victims can expect faster treatment in case of accidents. The fully air-conditioned van offers all the facilities, including medical professionals and equipment, that one needs in an Intensive Care Unit. The van has an ambulance on ...
Read More »No more service tax for dining in non-AC restaurants
News: Service Tax will not be levied on customers dining in restaurants without air conditioning facility or central heating. Even the restaurants that have ACs or central heating will levy service tax only on 40% of the total bill amount. Finance ministry also specified, “In case of air-conditioned or air-heated ...
Read More »No more chain pulling in trains
News: The railway ministry has decided to do away with these chains. An official said railways had incurred a loss of Rs 3000 crore because trains ran late with the indiscriminate chain-pulling for no good reason. The alternative arrangement for this, the mobile phone number of the driver and assistant ...
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