Skewed decision-making hitting military modernisation: Defence Ministry report

Skewed decision-making hitting military modernisation: Defence Ministry report

Wednesday, 28 February 2018 | PTI | New Delhi

An internal report of the Defence Ministry has identified skewed decision-making process, lack of accountability and bureaucratic red-tape as reasons for inordinate delays in the arms procurement process, official sources said. The report, prepared by minister of state for defence Subhash Bhamre for presentation before the Prime Minister last year, said...

AIIB may invest $200 mn in India's sovereign wealth fund: AIIB prez

Wednesday, 28 February 2018 | PNS | NEW DELHI

Asian Infrastructure Investment Bank (AIIB) is likely to invest around $200 million in India’s first sovereign wealth fund NIIF, AIIB president Jin liqun said here on Tuesday. Beijing-based AIIB, which started functioning in 2016, has committed over $1 billion in five infrastructure projects in India and proposes to take up 12...

TRAI to issue direction to Aircel to maintain service quality; to grant codes for port-outs

Wednesday, 28 February 2018 | PTI | New Delhi

Telecom regulator TRAI will soon issue direction to troubled Aircel to keep service quality in check through intra circle roaming pacts, and grant it additional time and porting codes to enable its customers opt out to other networks. TRAI sources said that the company wrote to the regulator late last week...

GST mop-up dips marginally in Jan to Rs 86,318 cr

Wednesday, 28 February 2018 | PNS | New Delhi

The collection of Goods and Services Tax (GST) slipped marginally to Rs 86,318 crore in January, from Rs 86,703 crore in December. “The total revenue received under GST for the month of January 2018 (received in January/February up to February 25, 2018) has been Rs 86,318 crores,” the Finance Ministry said...

Honda crosses 35-mn customer base in 17 years

Wednesday, 28 February 2018 | PNS | New Delhi

Honda Motorcycle & Scooter India (HMSI), which sells the world’s largest two-wheeler brand under its flagship Activa scooter, added the 35 millionth customer on Tuesday–a milestone achieved in just 17 years. Honda started its independent operations in 2001 after breaking up with its long-time domestic partner Hero Motorcorp. The company had...

CPCl's Rs 3,110 cr residue upgradation proj goes on stream

Wednesday, 28 February 2018 | PTI | CHENNAI

Union Petroleum Minister Dharmendra Pradhan on Tuesday formally launched the Rs 3,110 crore residue upgradation project of IndianOil Group company, Chennai Petroleum Corporation ltd, here. The city-based Chennai Petroleum Corporation embarked on value addition at the Manali refinery near the city, for upgradation of residue to high value liquids such as...

Business Corner

Wednesday, 28 February 2018 | PNS

ISHWAR SINGH RECEVIES Indian Achievers’ Award for banking EXCEllENCE  Ishwar Singh, Field General Manager of Delhi Zone, Central Bank of India was awarded with Indian Achievers’ Award for 'Banking Excellence’ at the 44th Indian Achievers’ Seminar held on February 20, 2018 at India Habitat Centre. The award was presented by Sunil...

Govt talks tough on bad loans; asks PSBs to probe NPAs above Rs 50 cr, report fraud to CBI

Wednesday, 28 February 2018 | PNS | New Delhi

Cautioning all state-owned lenders in the country, the Government on Tuesday directed all chiefs of public sector banks (PSBs) to probe all non-performing assets or NPA accounts of over Rs 50 crore for possible fraud, and accordingly report the cases to Central Bureau of Investigation (CBI). The move of the Government...

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