Economy

Cabinet sanctions Rs.1,029.49 Cr for Phase I   The Cabinet Committee on Economic Affairs has approved the Freight Village, an Integrated Multi Modal Logistics Hub (IMLH), at Nangal Chaudhary in Haryana. Located on 886.78 acres of land, it is to...

Surbana Jurong to do Pune masterplan Singapore and Maharashtra has agreed to jointly work on the masterplan and undertake urban infrastructure developments in the Pune Metropolitan Region (PMR) and collaborate in the development of the Pune Airport. A series of...

Biofuels policy based on ethanol approved   The Union Cabinet has approved National Policy on Biofuels 2018 with likely funding schemes for bio refineries and setting up of supply chain mechanism. The policy promotes use of ethanol produced from agricultural...

Task force works on coal cost control A task force has worked out mechanism to reduce landed price of coal, leading to savings in cost of power generated and reduce transportation cost. The Inter-Ministerial Task Force (IMTF) said savings achieved...

NER's rich in water resources Prof. Sachin Chaturvedi, Director General, Research and Information System for Developing Countries (RIS) has recommended a think-tank on the North Eastern Region (NER) at the Central Government level. “There were several important recommendations discussed in...

Alumina production target at 2.1 million tons National Aluminium Company Limited (NALCO) has set a challenging capital expenditure (CAPEX) target of Rs.1,100 crore for the year 2018-19 with projects like the one million tonne 5th stream of refinery. Its other...

Give free play to innovation, says Kant There is a need to embed the principles of circular economy in India’s school education system to equip young learners with the right mindset and enable them to become active shapers of a...

Prabhu calls for Skilling Aviation people   Civil Aviation Minister Suresh Prabhu has reviewed the progress being made on developing National Air Cargo Policy and call for sufficient land allocation for upcoming airports. Recognizing the need for increasing air cargo...

Sikri express concern about privacy in big data The Competition Commission of India (CCI) chairman, Devender Kumar Sikri, has called for revisit to the desirability of uniform threshold for the merger review control regime in the country to achieve the...

Digital tech plays important role Tata Consultancy Services (BSE: 532540, NSE: TCS) has migrated over 600 IT applications globally from legacy data centres to the AWS cloud in a time span of less than 12 months at Randstad, Holland. This...