Rlys seeks suggestions for formulating hawker policy

New Delhi, January 11 (PTI): Railways are seeking suggestions from stakeholders to formulate a holistic hawker policy for the public transporter.   “There is a need for a hawker policy which takes into consideration the interest of all stakeholders. The policy should aim at providing social justice to the hawkers and at the same time […]

India to be star performer; China to slow down in 2016

New Delhi, January 10 (PTI): India will be a “star performer” among emerging market economies and is expected to clock 7.7 per cent growth in 2016, outshining China for the second consecutive year, a PwC report says.   According to the global consultancy firm, of the emerging economies, only India is expected to grow faster […]

Targeting 50 crore internet subscribers in 6-7 months

Mumbai, January 10 (IANS): The government plans to reach up to 50 crore internet subscribers in next 6-7 months, besides installing 2,500 Wi-Fi hotspots at 256 places by the next fiscal, Telecom Minister Ravi Shankar Prasad said on Sunday.   “Today mobile penetration is 100 crore, while internet penetration is 40 crore. It took more […]

Rlys pick vibrant colours for semi-high speed train coaches

New Delhi, January 10 (PTI): Financial year 2016-17 may see brightly coloured trains in shades of grey, navy blue and yellow clocking speeds of 160-200 kilometre per hour on select routes.   Indian Railway has selected colour scheme ‘Vitality’ inspired by cheetah, created by the National Institute of Design, for the coaches of the semi-high […]

Power sector does not need ‘crutches’ of tax breaks

New Delhi, January 10 (PTI): Power sector does not need any “crutches” in form of tax incentives as it is no longer facing any stress and can stand on its own, Union Power Minister Piyush Goyal has said.   The statement assumes significance in the run-up to the Union Budget as various sectors are seeking […]

Government may further hike excise on petrol and diesel

New Delhi, January 9 (PTI): The government is looking at one more hike in excise duty on petrol and diesel before March with a view to raising more revenue and stick to the fiscal deficit target of 3.9 per cent of the GDP.   “Fiscal deficit target of 3.9 per cent for the current fiscal […]

Beijing to shut 2,500 small, polluting firms

Beijing, January 9 (IANS): Beijing will shut down 2,500 small and polluting firms in 2016 in its latest environmental protection efforts, said the municipal government.   The Fengtai, Fangshan, Tongzhou and Daxing districts will close 2,500 small and polluting enterprises in 2016 while the whole city will finish the task in 2017, Xinhua reported.   […]

News in Brief

PSU bank employees on strike, operations hit partially   Chennai, January 8 (PTI): Banking operations were hit partially on Friday as a section of public sector banks’ employees went on a strike across the country to protest violation of bilateral settlement agreement by associate banks of SBI.   Some of the services, like cash handling […]

World Bank cuts global economic growth outlook

Washington, January 7 (Reuters): The World Bank on Wednesday cut its global economic growth forecast for 2016, saying the weak performance of major emerging market economies will tamp activity overall, as will anaemic showings from developed countries such as the United States.   Global growth should accelerate to 2.9 percent this year from 2.4 percent […]

Netflix launched in India with free one-month subscription

Mumbai, January 7 (IANS): After much anticipation, popular American on-demand video streaming service Netflix has made its way to India, that too with a free one-month subscription. After the first month, users can choose between three packs — the basic pack for Rs.500, the standard pack for Rs.650 and the premium pack for Rs.800, according […]

Volkswagen faces penalties as US sues for environmental violations

Washington, January 5 (IANS): German car maker Volkswagen may face billions of penalties as the US Justice Department filed a civil lawsuit against it for violating the Clean Air Act by installing illegal devices to impair emission control systems in nearly 600,000 diesel cars.   Volkswagen could face penalties exceeding $90 billion, or as much […]