‘Accommodation scheme’ soon in Indian Railways

New Delhi, Oct 31 (IANS) Indian Railways will launch “alternate train accommodation scheme” (ATAS) called “VIKALP” on Sunday to provide confirmed accommodation to wait-listed passengers, ministry of railways announced on Saturday.   “With a view to provide confirmed accommodation to wait-listed passengers and also to ensure optimal utilisation of available accommodation, “alternate train accommodation scheme” […]

Manmohan, Sonia, Rahul pay tributes to Indira, Patel

New Delhi, Oct 31 (IANS) Former prime minister Manmohan Singh, Congress president Sonia Gandhi and party vice president Rahul Gandhi on Saturday paid tributes to former prime minister Indira Gandhi and India’s Iron Man Sardar Vallabhbhai Patel.   They paid tribute to Indira Gandhi on her death anniversary at the Shakti Sthal memorial site dedicated […]

Tolerance can take offence out of a debate: Raghuram Rajan

Tolerance can take offence out of a debate: Raghuram Rajan

Mumbai, Oct 31 (IANS) Tolerance can take the offense out of a debate and instil respect, Reserve Bank of India Governor Raghuram Rajan said on Saturday, adding India has always protected debate and the right to hold different views.   “Tolerance can take the offense out of a debate, and indeed instil respect. If I […]

Tension in India due to provocation of minorities: Moody’s

Chennai, Oct 30 (IANS) The belligerent provocation of various Indian minorities has raised ethnic tensions, says Moody’s Analytics in a report that warned of “a possible increase in violence”.   In a report titled `India Outlook: Searching for Potential’, Moody’s Analytics, a division of Moody’s Corporation, said: “Along with a possible increase in violence, the […]

Nitish, Lalu to pay price for insulting Biharis: Modi

Oct 30 (IANS) Prime Minister Narendra Modi on Friday targeted Bihar Chief Minister Nitish Kumar and RJD chief Lalu Prasad, saying both will pay a price for insulting and abusing Biharis after being tired of abusing him.   He was referring to the allegation that people attending Modi’s rallies were paid- participants.   Addressing first […]

India extends exports duty incentives to boost exports

New Delhi, Oct 30 (IANS) The government on Friday extended duty incentives to a large number of products, including textiles and electronics, to increase competitiveness of Indian exports.   The commerce ministry notified the list of 110 new tariff lines or products to which duty benefits have been extended under the Merchandise Exports from India […]

Hard-hit China steel mills offer hope for India’s iron ore

Hard-hit China steel mills offer hope for India’s iron ore

MANILA, October 30 (Reuters) – Indian iron ore miners resuming exports after a three-year hiatus face a radically altered market, but may find buyers for low-quality ore among loss-making Chinese steel mills bent on slashing costs.   Miners from India’s top exporting state of Goa are renewing sales after action to halt illegal mining, but […]

Once a month, Modi steps in to revive stalled projects

Once a month, Modi steps in to revive stalled projects

NEW DELHI, October 30 (Reuters) – Prime Minister Narendra Modi is personally taking on India’s notorious red tape to clear tens of billions of dollars worth of stalled public projects, hoping that his hands-on intervention can bend a vast, dysfunctional bureaucracy.   Once a month, Modi holds a meeting with top state and central bureaucrats […]

India plans 2 percent flight tax to fund regional air travel boost

India plans 2 percent flight tax to fund regional air travel boost

NEW DELHI, October 30 (Reuters) – India plans to impose a 2 percent levy on most domestic and international airline tickets, the government said on Friday, raising funds to improve regional air travel infrastructure as part of a long-awaited proposal to get more Indians flying.   Releasing the government’s draft aviation policy, civil aviation secretary […]

Exclusive – India eyes bankruptcy reform to ease decades of gridlock

Exclusive – India eyes bankruptcy reform to ease decades of gridlock

MUMBAI, October 30 (Reuters) – A group of government-appointed advisors has recommended sweeping changes to India’s outdated and overburdened bankruptcy system, aiming to modernise a process that takes several years and costs investors and taxpayers billions.   The changes would be the most ambitious overhaul to date of rules governing the liquidation or revival of […]

Nestle India’s profit falls 60 percent on Maggi woes

Nestle India’s profit falls 60 percent on Maggi woes

MUMBAI, October 29 (Reuters) – Nestle India Ltd said its quarterly profit dropped 60 percent, as the company reels from the impact of a ban on its Maggi instant noodles in the country.   The India unit of Nestle SA, the world’s largest packaged food company, posted a profit of 1.24 billion rupees for the […]

India says top LeT militant Abu Qasim killed in Kashmir

India says top LeT militant Abu Qasim killed in Kashmir

SRINAGAR, India, October 29 (Reuters) – Indian security forces in Kashmir killed on Thursday a top commander of Islamist militant group Lashkar-e-Taiba (LeT), who allegedly was involved in several attacks in the disputed region in recent years, an official said.   Abu Qasim was the most-wanted militant in Kashmir, which India and Pakistan claim in […]