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CAG pillories PPP model for Mumbai airport

CAG pillories PPP model for Mumbai airport

Government auditor CAG pilloried the public-private partnership (PPP) model for the Mumbai airport, saying risks had not been properly transferred to the private party as the project cost doubled and…

Kochi Metro to sign loan agreement with Canara Bank

Kochi Metro to sign loan agreement with Canara Bank

Kochi Metro Rail Ltd (KMRL) will sign a term loan agreement with Canara Bank for an amount of Rs 1,170 crore here on July 20. Canara Bank loan is for…

Goa CM expects to get projects worth Rs 10,000 cr from Centre

Goa CM expects to get projects worth Rs 10,000 cr from Centre

Goa Chief Minister Manohar Parrikar has said his government expects to get projects worth Rs 10,000 crore from the Centre in the next three years. He, however, said the state…

Reserve Bank of India tightens exit rules for foreign investors

Reserve Bank of India tightens exit rules for foreign investors

Mumbai, July 16, 2014 : The Reserve Bank of India (RBI) Tuesday modified norms governing issuance and transfer of shares for foreign investors in unlisted companies today, laying stress on…

Microsoft to reinvent productivity : Satya Nadella

Microsoft to reinvent productivity : Satya Nadella

With its “mobile-first, cloud- first world” concept, Microsoft aims to reinvent productivity to empower every person and organisation on the planet, company’s CEO Satya Nadella said. “This is a bold…

Johannesburg still in running for BRICS bank HQ: Minister

Johannesburg still in running for BRICS bank HQ: Minister

South Africa’s financial capital Johannesburg is still in the running to be the headquarters of a new BRICS development bank and if designated it can be advantages for the African…

Rs 500 cr for creation of 5 tourist circuits

Rs 500 cr for creation of 5 tourist circuits

With an aim of boosting tourism, government announced allocation of Rs 500 crore for creation of five tourist circuits with specific themes in the country. Finance Minister Arun Jaitley said…

Govt hopes to finalise GST contours this year: Jaitley

Govt hopes to finalise GST contours this year: Jaitley

New Delhi, July 10, 2014: Committing to expeditiously rolling out Goods and Services Tax (GST), Finance Minister Arun Jaitley today said a solution to the issues relating to the comprehensive…

Tax exemption limit under section 80C raised to Rs 1.5 lakhs

Tax exemption limit under section 80C raised to Rs 1.5 lakhs

Seeking to boost household savings, the government today hiked the exemption limit for investments by individuals in financial instruments to Rs 1.5 lakh. Presently the investments and expenditures up to…

Railways launches Go-India smart card

Railways launches Go-India smart card

As smart cards are increasingly becoming popular among the people, the Railways has now launched Go-India Smart Card. Introduced as a pilot project, this value proposition would cover 11 stations…