In an attempt to spur private investment in the port sector, the government has cleared changes in the PPP (public-private partnership) framework allowing developers to exit a project after two years of commercial operation. The revenue sharing provisions have also been relaxed to make the sector more investor-friendly. The move, seen as a big positive for the sector, will allow developers to monetise assets by diluting stake in projects. It will bring new class of investors such as pension and sovereign funds.
Plan and Policy
Plan & Policy
With the Aam Aadmi Party on Wednesday nominating senior party leader Sanjay Singh and two little-known faces, a Delhi-based businessman with past links with the Congress and a veteran chartered accountant, as its Rajya Sabha nominees ignoring senior party leader Kumar Vishwas, the rifts in the party were out in the open.
Any disruptive move on the visa front will be detrimental for both India and the US, with reports suggesting that Washington may be mulling new rules to prevent H-1B visa extensions, software body Nasscom has said.
The Narendra Modi-led cabinet on Wednesday approved the construction of Asia’s longest bi-directional Zojila Pass tunnel at an estimated cost of Rs 6,089 crore, which will reduce the travel time between Srinagar and Leh to 15 minutes from the current 3.5 hours.
The cabinet committee on economic affairs gave its go-ahead to the 14.2-km-long tunnel project in Jammu and Kashmir to provide all-weather connectivity between Srinagar, Kargil and Leh, which remains cut-off from the rest of the country during winters due to heavy snowfall.
The Bihar government has urged the Centre to sort out all issues around the e-way bill, before rolling out the digital system aimed at containing tax evasion in the new indirect tax regime. The move comes weeks after the all-powerful GST Council decided to introduce the electronic-way or e-way bill for movement of goods.
The Bihar government has asked for a 24-hour troubleshooting mechanism and setting up a helpdesk to address issues that could crop up in the midst of implementing the e-way bill.
If you are a homeowner get ready for a slew of goodies when the Union budget is presented this year.
On that day, finance minister Arun Jaitley may be preparing a Union Budget to lower your interest burden on home loans, while nudging you to buy a second home or first home where your rental earnings would see higher deductions from taxes. The budget this year may provide relief on property investments.
Facing public ire for levying hefty penalty from customers for not maintaining monthly average balance (MAB) in savings accounts, bankers have come out justifying the heavy fine.
Several towns and cities in Maharashtra were on edge on Tuesday as Dalit protests against Monday’s violence in Pune spilled over to capital Mumbai, with agitators damaging scores of buses, and disrupting road and rail traffic, officials said.
Clashes between Dalit groups and supporters of right-wing Hindu organisations during the 200th anniversary celebrations of the Bhima-Koregaon battle in Pune district had left a man dead on Monday.
Rajinder Khanna, former chief of the country’s external intelligence agency RAW, was on Tuesday appointed as deputy national security adviser (NSA), according to an official order.
India is adding the least amount of coal-fired power in more than a decade as tepid demand from indebted state retailers fails to utilise the nation’s existing generation capacity.
Coal-fired capacity, which accounts for more than three quarters of the nation’s electricity, rose by 809 megawatts during the April-November period, according to Bloomberg calculations based on the latest available data from the Central Electricity Authority (CEA), the planning wing of the power ministry.