User: iihs_blore Topic: AB_Test_Feeds_Jan_2018
Category: All-Channels :: AB Urban Economic Growth and Development
4 new since Jun 24 2019 22:20 IST RSS 2.0
 
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Govt should hike public sector spending; incentivise private cos for new projs: Icra 24.6.2019
New Delhi: The government should increase public sector spending and provide incentives to private companies for starting new projects, ratings agency Icra said in its pre-budget comments. In addition, higher budgetary allocation for key implementing agencies like National Highways Authority of India (NHAI) is a necessity, it added. The ratings agency said it expects "increased public sector spending and incentivising private sector to take up new projects. Increase in budgetary allocation for key implementing agencies like NHAI a necessity". On February 1, while presenting the interim Budget 2019-20, then Finance Minister Piyush Goyal had said the allocation for highways sector has been increased to about Rs 83,000 crore and the budget takes care of growing infrastructure needs. The domestic infrastructure sector expects continued thrust from the government towards revival of the investment cycle in the form of a further increase in budgetary allocations with focus on roads, railways and urban ...
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RBI launches CMS for filing online complaints against banks, NBFCs 24.6.2019
Mumbai: The Reserve Bank of India on Monday launched an application on its website for lodging complaints against banks and NBFCs with a view to improve customer experience in timely redressal of grievances. The Complaint Management System (CMS) is a software application to facilitate RBI's grievance redressal process. Customers can lodge complaints against any regulated entity with public interface such as commercial banks, urban cooperative banks, Non-Banking Financial Companies (NBFCs). The complaint would be directed to the appropriate office of the Ombudsman/Regional Office of the RBI. The CMS will be accessible on desktop as well as on mobile devices. The RBI also plans to introduce a dedicated Interactive Voice Response (IVR) system for tracking the status of complaints. Keeping the convenience of customers in mind, the CMS has been designed to enable online filing of complaints. "The application also improves transparency by keeping the complainants informed through auto-generated ...
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BJP govt helped private telecom firms at cost of PSUs: Congress 24.6.2019
New Delhi: Congress on Monday launched a scathing attack on the central government, accusing it of helping private telecom companies at the cost of public sector undertakings (PSUs). "Problem is malice of BJP Govt to help pvt telcos at the cost of PSUs," Congress spokesperson Randeep Surjewala tweeted in a reply to Congress leader Milind Deora's tweet. "All private telecom companies are pumping in finance, but BSNL is barred from taking loans. There is zero capital investment in PSUs by the government," Surjewala said. When Congress was in power, he said MTNL posted a net profit of Rs 7,838 crore in 2013-14, while the telecom company suffered a loss of Rs 3,290 crore in 2019 during the BJP rule. "If BJP government can help private entities like ILFS, IDBI and GSPC by investing public funds in them, then why not BSNL or MTNL?" the Congress spokesperson asked. In his tweet, Deora had said, "Two PSUs, same problem. How long should Indian taxpayers be forced to ...
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Funding won't come in way of defence preparedness: Rajnath Singh 24.6.2019
New Delhi: Funding will not come in the way of the country's defence preparedness and there will be no compromise on it, Defence Minister Rajnath Singh assured the Rajya Sabha on Monday. Replying to queries during Question Hour, the minister said the government will not allow any compromise on the defence preparedness due to capital constraints. "We have taken precaution that there is no shortcoming on the country's defence preparedness in any way by way of budget constraints. We will not compromise on India's defence preparedness," the minister assured the members. He said as far as country's defence preparedness is concerned, "we will not allow any adverse impact on it due to fund constraints". In reply to another supplementary, Rajnath Singh said in absolute terms, the defence budget has increased in the last few years. In 2019-20, he said, one-third (32.19 per cent) of the total capital expenditure of central government is being spent on defence which is the ...
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Benitez to leave Newcastle as talks over new deal collapse 24.6.2019 Sports News: Cricket News, Latest updates on Tennis, Football, Badminton, WWE Results & more
Rafael Benitez will leave Newcastle United after three years as manager when his contract expires next week, the Premier League club confirmed on Monday.
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Number of wilful defaulters in nationalised banks up 60 pc to 8,582 in 5 years 24.6.2019
New Delhi: The number of wilful defaulters in nationalised banks has increased by over 60 per cent to 8,582 in five years to March 2019, the government said Monday. By the end of 2014-15 fiscal, the figure stood at 5,349, Finance Minister Nirmala Sitharaman said in a written reply in Lok Sabha. A wilful defaulter is an entity or a person that has not paid the loan back despite the ability to repay it. The minister was replying to a question whether the cases of wilful defaulters of banks have increased during the last five years. Rising consistently since 2014-15, the number of such borrowers increased to 6,575 in 2015-16; 7,079 in 2016-17 and further to 7,535 in 2017-18. "Wilful defaulters are acted against comprehensively. Moreover...as per RBI's instructions, wilful defaulters are not sanctioned any additional facilities by banks or financial institutions, and their unit is debarred from floating new ventures for five years," Sitharaman said. Recovery of Rs 7,654 crore has been done from ...
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Terror Ultimatum to Pak 24.6.2019 Central Chronicle
International organization the FATF (Financial Action Task Force) has given ultimatum to Pakistan upto October 2019 time limit to destroy terrorist network in its country or the FATF may take action like financial boycott of it. Pakistan is already under heavy financial burden and managing the country by taking nation to nation loan from the […]
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Kejriwal is working in view of upcoming Assy elections:Manoj Tiwari 24.6.2019 Central Chronicle
Agencies, New Delhi BJP Delhi Pradesh president Manoj Tiwari on Monday said the laying of foundation of the Chandrawal Plant to augment the water supply in Delhi and installation of CCTVs cameras is a fraud with the people and this is only an effort to show that Arvind Kejriwal Government is working in view of […]
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Digital Mall of Asia: An indigenous innovation that can revolutionize 24.6.2019
In a move which will transform the global retail market, Digital Mall of Asia (DMA), a first-of-its-kind digital e-commerce platform merging the real estate and the digital spaces, is introducing an innovative business model to disrupt India"s foreign-dominated e-commerce market. The unique initiative has been undertaken by Yokeasia Malls and is aimed at addressing the challenges faced by retailers and shoppers on major e-commerce portals. DMA is recreating the look and feel of a physical retail mall in the virtual space, thus providing retailers across India a unique opportunity to create an immersive digital presence in a simulated environment. The digital space will come perfectly blended with multiple visual and sensory elements to deliver enhanced end-user experiences. Shoppers will also have access to much more choices in terms of their shopping experience and will be able to virtually move through exclusive towers of digital retail shops, trial rooms, hypermarket, night clubs, food courts, ...
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Railways plans to run Delhi-Mumbai, Delhi-Howrah trains at 160 kmh 24.6.2019 The Assam Tribune
Railways plans to run Delhi-Mumbai, Delhi-Howrah trains at 160 kmh
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Sensex ends 72 points lower; oil, metal stocks drag 24.6.2019 The Asian Age | Home
After swinging nearly 300 points in a volatile session, BSE sensex settled 71.53 points lower at 39,122.96.
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Xi, PM Modi, Putin to discuss protectionism amid US tariffs: China 24.6.2019 The Asian Age | Home
They will also discuss plans for the successful holding this year's BRICS Summit in Brazil, Zhang said.
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Privatise mining to cut back USD 400 bn of imports: Vedanta's Anil Agarwal 24.6.2019
New Delhi: Anil Agarwal, the scrap metal dealer turned billionaire metals tycoon, has told Prime Minister Narendra Modi that the Centre should privatise five mining firms including NMDC to save some of the USD 400 billion that India spends annually on imports, saying the government has no business to be in the business. The Vedanta Resources chairman, who was one of the three industrialists invited for a pre-Budget meeting that Modi had with over 40 economists and sectoral experts on Saturday, also said privatisation without job loss can help boost the economy by bringing in efficiency and raising domestic output. The other two corporate honchos invited to the interaction were Tata Group Chairman N Chandrasekaran, who gave recommendations on manufacturing and services sectors, and ITC Chairman Sanjiv Puri, who spoke on value addition in the economy. Agarwal gave suggestions on mining and natural resources. "I was honoured to be part of the interaction organised by Niti Aayog on Saturday and in my ...
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Congress raises RBI independence issue over deputy governor's resignation 24.6.2019

New Delhi: The Congress Monday wondered whether Reserve Bank of India Deputy Governor Viral Acharya's "abrupt decision" to resign could have anything to do with his stance on reaffirming the RBI's independence from the Modi government.

In a surprise move, Acharya has resigned from his position at the central bank merely six months ahead of the scheduled end of his three-year term, citing personal reasons.

This is the second high-profile exit from the Reserve Bank of India (RBI) in the last seven months. Earlier in December 2018, Governor Urjit Patel had resigned nearly nine months before the end of his scheduled term.

"RBI Governor, Viral Acharya's resignation comes just six months before his tenure was due to end; could his abrupt decision have anything to do with his stance on reaffirming the RBI's independence from the current government," the Congress said on its official Twitter handle.

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Time to reset UK's relationship with India: British Parliament 24.6.2019 The Asian Age | Home
MPs also urged that Britain should take measures to make it easier for Indians to visit the country.
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Congress raises RBI independence issue over deputy governor's resignation 24.6.2019 The Asian Age | Home
This is the second high-profile exit from the Reserve Bank of India (RBI) in the last seven months.
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Healthcare startups digitizing medical services in India 24.6.2019
Industry 4.0 technologies like Data Science, AI, Machine Learning, and Big Data are causing disruption across various sectors including healthcare. As it is being utilized all around the globe, it promises to streamline various functions and bring about a variety of innovative solutions for the industry. Although at a nascent stage in the Indian healthcare sector, a slew of startups is bringing innovative solutions with the help of these technologies to create high impact. Here are some of the firms that are digitizing medical services in India: Medikabazaar Medikabazaar is a pioneering B2B online marketplace for medical equipment and supplies in India. The platform provides buyers and sellers with a single point of purchase to buy medical equipment and supplies online at reasonable prices. The Mumbai-based company was founded by Vivek Tiwari in 2015, with the aim to bridge the gap between healthcare providers and product suppliers to make quality healthcare products more accessible. Additionally, the ...
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Boris Becker auctions trophies to pay off debts 24.6.2019 Sports News: Cricket News, Latest updates on Tennis, Football, Badminton, WWE Results & more
Trophies and personal souvenirs belonging to German tennis star Boris Becker will be auctioned online from Monday by British firm Wyles Hardy to partially clear the bankrupt champion's debts.
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Kabir Singh BO collection day 3: Shahid Kapoor's film records blockbuster weekend 24.6.2019
Mumbai: There was a lot of curiosity amongst audiences for Shahid Kapoor and Kirara Advani starrer "Kabir Singh". Directed by Sandeep Reddy Vanga, the film is a remake of the Telugu blockbuster, in which Shahid stepped in the shoes of Vijay Devarakonda. And just like the original film, the Hindi remake is unstoppable at the box-office. After the solid opening of Rs 20.21 crore, the film has become the biggest opener of Shahid Kapoor"s long career, and it continues its fantastic run at the box office. The film raked in around Rs 27.91 crore on Sunday, taking its total collection so far to around Rs 70.83 crore. Also Read | Review: Kabir Singh Sharing the latest numbers, noted trade analyst and film critic Taran Adarsh tweeted: "#KabirSingh is firing on all cylinders at the BO... Metros, mass belt, Tier-2, Tier-3 cities - #KabirSingh wave grips the nation... Emerges Shahid Kapoor"s highest grosser in 3 days [after #Padmaavat]... Fri 20.21 cr, Sat 22.71 cr, Sun 27.91 cr. Total: ...
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Kabir Singh BO collection day 3: Shahid Kapoor's film crosses Rs 50-crore mark 24.6.2019 The Asian Age | Home
Released in 3123 screens across the country, 'Kabir Singh' is the fourth biggest Hindi opener at the box-office this year.
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