Fin Min to set up strategic investment fund under NIIF
Sunday, May 27, 2018, 6:09 PM
The finance ministry is planning to set up a fund under the National Investment and Infrastructure Fund (NIIF) dedicated for strategic investments. Earlier this year, the NIIF kick-started its funding activity with a global operator of marine and inland terminals DP World by creating a platform for investing up to USD 3 billion in ports and logistics.
Your iPhone can unlock the hotel rooms using NFC: Report
Sunday, May 27, 2018, 6:04 PM
Apple is planning to unveil its new iOS-12 for the iPhones line-up. We still do not know what features are expected to be revealed at the event, the company had done a great job keeping it discreet. However, a new report has surfaced online that Apple might be unlocking the NFC chips on its iPhones with the new OS update for a broader use.
Economy on recovery path, investments likely to pick up: CII
Sunday, May 27, 2018, 5:55 PM
Industry chamber CII today said businesses across several key sectors are seeing firm growth in sales and orders, indicating that the economy is on a recovery path and investments will pick up. CII President Rakesh Bharti Mittal said the impact of sustained structural reforms is now being felt on the ground as a mammoth economy is turning around.
BJP MP advocates separate funds for villages adopted by MPs
Sunday, May 27, 2018, 5:41 PM
Senior BJP leader and Lok Sabha member from Sagar Laxminaryan Yadav has advocated a separate fund for development of villages adopted by MPs. Responding to media persons' questions the MP said in Sagar on Saturday he had adopted Baroda village as per wishes of the Prime Minister Narendra Modi and he had ensured several works for the development of the village.
Govt supportive of social media, but won't allow data abuse: Prasad
Sunday, May 27, 2018, 5:37 PM
The government will not allow "fly-by-night" data mining firms to improperly harvest social media data of Indian citizens, law and IT minister Ravi Shankar Prasad said. In an interview to PTI, Prasad said that while the government is supportive of social media, it will not allow abuse of the platform nor "irresponsible traffic in data commerce".
Delhi Metro: South Campus, Moti Bagh among 10 stations renamed
Sunday, May 27, 2018, 5:33 PM
Durgabai Deshmukh South Campus and Sir Vishweshwaraiah Moti Bagh stations on the Delhi Metro Pink Line did not carry the name of the two personalities in the original plan and they were rechristened on the recommendations of a panel, which had suggested the renaming of eight other names on the network, according to sources.
RBI guv to brief parliamentary panel on mounting NPAs
Sunday, May 27, 2018, 4:22 PM
RBI Governor Urjit Patel will appear before a parliamentary panel on June 12, of which former prime minister Manmohan Singh is a member, to brief them about banking frauds and mounting non-performing assets (NPAs). Patel will talk about the conditions of nationalized banks in view of rising NPAs and the future course of action to tackle bank frauds.
Digital India:Panchkula to have 11 free Wi-Fi zones
Sunday, May 27, 2018, 4:18 PM
As part of the Digital India movement, 11 places in Panchkula will be turned into free WiFi zones under the municipal corporations initiative. The first such WiFi zone will be inaugurated at Tau Devi Lal Stadium, Sector 3, on June 6. Earlier, the MC had plans to strike the deal with BSNL, which was charging Rs 62 lakh per year for providing internet services.
Petrol prices rise for 14th straight day; cross Rs 78 mark in Delhi
Sunday, May 27, 2018, 3:19 PM
Domestic petrol prices increased for the 14th consecutive day on Sunday, with the key transportation fuel being sold at Rs 78.12 per litre in the national capital. According to the data from oil marketing major IndianOil, petrol price rose to Rs 78.12 in Delhi from Rs 77.97 a litre on Saturday.
Mercedes clocks production of 1 lakh cars in India
Sunday, May 27, 2018, 3:06 PM
German luxury car maker Mercedes-Benz today reached cumulative production of one lakh cars in India with the rolling out of an E-Class sedan from its Chakan plant near Pune. The company, which began its journey in India 24 years ago said the next production milestone will be achieved sooner considering the growth that the Indian automotive market has witnessed over the past few years.
Scientists discover new element with magnetic properties
Sunday, May 27, 2018, 2:41 PM
Scientists have discovered that the chemical element ruthenium (Ru) is the fourth element to have unique magnetic properties at room temperature. The discovery, led by researchers at the University of Minnesota in the US, could be used to improve sensors, devices in the computer memory and logic industry, or other devices using magnetic materials.
Wi-Fi adds wing to BharatNet, data usage jumps 190% in villages
Sunday, May 27, 2018, 2:34 PM
The launch of Wi-Fi hotspots under the rural broadband project 'BharatNet' has seen 190% jump in data usage to 95 terabytes in six-months of the service. A DoT report said that as on April 30 this year, 190% increase in data consumption has been recorded during the last six-months in rural areas where broadband internet is provided through Wi-Fi hotspots running on BharatNet Infrastructure.
EPFO cuts administrative charges; firms to save Rs 900 crore
Sunday, May 27, 2018, 2:22 PM
Now over 5 lakh employers together would save around Rs.900 crore annually following the retirement fund body EPFO's decision to cut administrative charges, with effect from June 1, 2018. The Employees' Provident Fund Organisation's (EPFO) trustees had decided to cut the administrative charges to 0.50 percent from 0.65 percent of total wage paid by employers in its meeting on February 21, 2018.
PM Modi urges people to shun plastics, be sensitive towards nature
Sunday, May 27, 2018, 1:31 PM
PM Narendra Modi on Sunday urged the people to shun low-grade plastic and polythene, saying it was creating a negative impact on the environment, wildlife and the health of the people. In his monthly radio show Mann Ki Baat, he asked the people to observe the World Environment Day on June 5 with vigour, and that it was time to concentrate on tree plantation.
All macroeconomic parameters improved in last 4 years: NITI Aayog
Sunday, May 27, 2018, 1:26 PM
NITI Aayog vice-chairman Rajiv Kumar on Sunday termed the performance of the Modi government 'miraculous', saying that all the macroeconomic parameters including growth, inflation and fiscal deficit have shown considerable improvement in the last four years. Narendra Modi took over as the 15th Prime Minister of India four years ago, on May 26, 2014.