The Union government on July 2 defended the nearly Rs.2,000 crore deal between Jet Airways and Abu Dhabi-based carrier Etihad, saying the investment is important for India and opposition to the pact is politically motivated. Those opposing the deal are long on politics and short on facts, Union Civil Aviation Minister Ajit Singh said about the widespread opposition to the deal.
Category: ECONOMY & POLICY
Post
Post
Delhi govt may allow hotels to get into flats business
The Delhi government is planning to allow hotels to build and sell apartments in their complexes in Delhi, a move that may benefit several hotels in the city except those that fall within the restricted Lutyens' Bungalow Zone, sources in Delhi Development Authority said. Hotels will be allowed to use the 20 per cent of the total built-up space, where they are permitted to set up a commercial and retail wing, to develop apartments, a senior official at the Delhi Development Authority said, on the
Post
SEBI to decide on TN govt’s proposal
Securities and Exchange Board of India (SEBI) would decide whether the Undertakings of Government of Tamil Nadu can buy the 5 per cent equity of Neyveli Lignite Corporation (NLC). The decision to offload the central government's 5 per cent equity in NLC was taken at a meeting of the Cabinet Committee on Economic Affairs on June 21. The union government plans to mop up around Rs 700 crore
Post
India sees 12.9% rise in external debt in FY13
According to a government data, India's external debt rose 12.9 per cent to $390 billion as at end March 2013 from the previous year. Of the total external debt, external commercial borrowings (ECB) by Indian companies contributed almost a third. Deposits from Non-Resident Indians (NRIs) constituted 18.2 per cent of the external debt. Worryingly, short-term debt constituted about a fourth of the countryÂ’s
Post
Govt begins trial run on STP at Muttathara
Reports indicate that the government began trial runs on the sewage treatment plant (STP) at Muttathara in Thiruvananthapuram. The government would conduct the trial run for the first three months, reports indicate. The original capacity of the plant is 107 million litre per day, but only 42 mn ld sewage reach the STP from the core areas of the city
Post
Decoding the secrets of hydraulic system efficiency
Contamination comes in many forms including air, water, dirt and other particulates. Concentrating on contamination control, system cleanliness and equipment wear protection enable companies to improve the life of their hydraulic system and streamline production while also simplifying maintenance.
Post
A woman entrepreneur
As the Chief Operating Officer of Patel Engineering, managing the global subsidiaries, Sonal Patel is amongst the few women entrepreneurs who hold this position in the construction business the world over.
Post
Blue Dart CFO wins award
Yogesh Dhingra, Chief Operating Officer and Finance Director, Blue Dart Express, was awarded the '4th Business Today-Yes Bank CFO Award'. Yogesh won this award in the category for Best CFO of an MNC (mid-sized companies).
Post
Push to Amritsar-Delhi-Kolkata Industrial Corridor
The Prime Minister Manmohan Singh has approved the commencement of preparatory work on creating an Amritsar-Delhi-Kolkata Industrial Corridor to give a boost to industrial development in the densely populated states of Northern India.
Post
Govt to set up special cell to expedite infra projects
The Prime Minister Manmohan Singh directed that a special cell be created immediately in the Cabinet Secretariat. This cell would be in the nature of a Project Monitoring Group for all large projects,