India should prepare to face extreme weather, warn scientists

Bengaluru, March 24 (IANS): Around the same time as Cyclone Pam flattened the tiny Pacific island nation of Vanuatu early this month, untimely rains and hailstorms lashed Maharashtra in India destroying at least 5.5 million hectares of winter crops.   That was a big jolt to the nation still recovering from the worst calamity of […]

Frauds worth Rs 11,022 cr detected in PSU banks

New Delhi, March 23 (PTI): PSU banks have reported over 2,100 fraud cases involving a sum of Rs 11,022 crore in the first nine months of the ongoing fiscal, with PNB reporting the maximum number of such instances. An analysis of the data available with the Reserve Bank shows fraud cases, involving amount of Rs […]

SC gives Sahara ‘final’ chance to raise money

New Delh, March 23 (IANS): The Supreme Court on Monday gave Sahara a “final and last opportunity” to raise Rs.10,000 crore to make a part payment to investors for the money raised through OFCDs in 2008-09, for release of Subrata Roy and two directors from custody. The apex court bench of Justice T.S.Thakur, Justice Anil […]

800 SFURTI clusters to be set up to boost khadi industry

New Delhi, March 23 (IANS): The government will set up 800 clusters under the Scheme of Fund for Regeneration of Traditional Industries (SFURTI) with an investment of Rs.850 crore by March 2017 to boost khadi and village industries. “Modernisation of khadi and village industries is the key to increase more number of job opportunities at […]

India overtakes US as 3rd biggest steel producer

India overtakes US as  3rd biggest steel producer

New Delhi, March 23 (PTI): India has overtaken the US to become the third-largest steel producer in the world with a production of 14.56 million tonnes (MT) in first two months of the year. India has been the fourth-largest steel producer for the past five years, behind China, Japan and the US.   Data compiled […]

Myntra to focus on private labels; to launch new brands

New Delhi, march 23 (PTI): Online retailer Myntra will introduce 5-6 new brands of apparels and accessories over the next six months as it looks to increase revenue share from the higher-margin, in-house labels. The company, which retails over 1,000 brands, also sells 10 of its own brands including Roadster, Dressberry, Anouk (ethnic range for […]

NABARD sanctions Rs. 6.16 crore fish kiosks in Nagaland

Dimapur, March 23 (MExN): National Bank for Agriculture and Rural Development (NABARD) has sanctioned a project for construction of 59 Fish Kiosks in all the 11 district of Nagaland. NABARD General Manager V. Chelladurai in a press release informed that the Total Financial Outlay of the project is estimated at Rs. 648.47 lakh and NABARD […]

Karnataka orders CBI probe in IAS officer’s death

Bengaluru, March 23 (IANS): The Karnataka government on Monday ordered a CBI probe into the death of IAS officer D.K. Ravi here a week ago that triggered public outrage after police prime facie termed it a case of suicide. “We are handing over the probe into Ravi’s death to the CBI not because of the […]

India, China hold border talks

India, China hold border talks

New Delhi, March 23 (IANS): National Security Advisor Ajit Doval, the special rRepresentative for the India-China boundary talks, on Monday sat down with his Chinese counterpart, State Councillor Yang Jiechi, for the 18th round of border talks here.   Doval and Foreign Secretary S. Jaishankar, a former Indian envoy to China, are among the Indian […]

Government hints at fresh ordinance over land acquisition

Hyderabad, March 23 (IANS): With the land acquisition ordinance lapsing on April 6 and Parliament re-convening only on April 20, Parliamentary Affairs Minister M. Venkaiah Naidu on Monday hinted at issuing a fresh ordinance. He told reporters here that there are provisions available in the Constitution and the precedents set by the previous government.   […]

‘Minorities’ patriotism beyond reproach’

New Delhi, March 23 (IANS): The patriotism of religious minorities in India cannot be questioned, Home Minister Rajnath Singh declared on Monday, and stated that only the Narendra Modi government can ensure their security. “We cannot question the patriotic sentiments of the minority communities,” Rajnath Singh told the media at the 10th annual conference of […]

Lalu favours open book examination, Shahi defends statement on cheating

Patna, March 23 (PTI): With visuals of mass copying in ongoing matriculation examination in Bihar drawing national condemnation, Rashtriya Janata Dal (RJD) President Lalu Prasad has said had it been his government it would have allowed examinees to write answers from books.   “Had it been my government we would have given books to examinees […]