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20Nov By Press Trust of IndiaNo Comments

INDIA

Moody’s Raised India’s Rating Based Mainly On UPA Govts Work: P Chidambaram

Former Union finance minister P Chidambaram today claimed that US credit rating agency Moody's upgraded India's ranking based mainly on the work done by the previous UPA government. Moody's had on Friday upgraded India's sovereign credit rating by a notch to Baa2 with a stable outlook, citing improved growth prospects driven by economic and institutional reforms. "The ranking improved not because what happened yesterday but it improved based on what happened over seven or eight years. "I am happy that Moody's has raised India's ranking ... A major contribution to it was made by the UPA government and the other part of the contribution was by the present government," he told reporters here. The senior Congress leader took a swipe at the government for writing a letter to Moody's fiv...

15Nov By Press Trust of IndiaNo Comments

INDIA

Google Honours India’s First Woman Advocate Cornelia Sorabji

[dropcap]S[/dropcap]earch engine giant Google today paid tribute to Cornelia Sorabji, the first Indian woman student in Britain and India's first woman lawyer, on her 151st birth anniversary with a special doodle. Sorabji, born in Maharashtras Nashik in 1866, is also recognised as the first woman graduate of Bombay University. Designed by illustrator Jasjyot Singh Hans, the Google homepage shows a white-wigged Sorabji, dressed in a lawyers black robe, in front of the Allahabad High Court. Sorabji, who was the first woman advocate to join the Allahabad High Court bar, fought tirelessly for the rights of purdahnashins -- veiled women forbidden by social custom from communicating with men outside their families. "On what would have been her 151st birthday, we celebrate Cornelia...

8Nov By Press Trust of IndiaNo Comments

INDIA

India More Attracted To Biz Than WB Ranking Index Suggests

Observing that the recent increase in Indias ease of doing business ranking by the World Bank was long overdue, a top Indian American economist today said the country as a place for business is a lot more attractive than its ranking suggests. Investors usually go where the environment is the best and not where the World Bank collects its data, Arvind Panagariya, professor at the prestigious Columbia University, told PTI in an interview. "Our best investment destinations do significantly better than the latter," said the former vice chairman of NITI Aayog. "I have often said that India as a place to do business is a lot more attractive than the World Bank ranking suggests. This is because the bank collects its data in Delhi and Mumbai, not in the states with the best business environ...

4Nov By Press Trust of IndiaNo Comments

INDIA

Govt Woos Investors To Tap India’s Agri Sector

Agriculture Minister Radha Mohan Singh today called upon investors to leverage opportunities in the country's farm, dairy, poultry and fisheries sectors. The government is implementing various schemes to promote these sectors in order to double farmer's income by 2022, he said at the World Food India 2017 event here. "...the world is eager to study and adapt our growth strategy," he was quoted as saying in an official statement. He added that India has moved ahead from a country facing food shortages to becoming a food exporter. Addressed a conference on Fruits & Vegetables, Dairy, Poultry & Fisheries - Leveraging the Diverse India Opportunity at #WorldFoodIndia pic.twitter.com/DycJD2Jbpl — Radha Mohan Singh (@RadhamohanBJP) November 4, 2017 He said there are inve...

4Nov By AnkitaNo Comments

INDIA

Indian Paper Packaging Segment Can Get A Lot From Ecommerce

The rapid growth of the Indian e-commerce sector, which is expected to become $228 billion big by 2030, will help the country's paper packaging segment expand, industry executives said today. E-commerce for manufacturing companies is changing the way companies do business with other companies, including paper and pulp mills, with new trends being added in the businesses continuously. N R Agarwal Industries CMD R N Agarwal said that global e-commerce players in the Indian market are looking for high quality packaging papers and packaging solutions. There will be a strong growth in the future as consumers need quality products, he added. JP Narain, CEO of Century Pulp & Paper, said packaging demand for recycled packaging board will increase by 9.5 percent and fresh packaging by ...

Western Railways RPF Launches App For Women’s Safety

3Nov By PriyankaNo Comments

INDIA

Western Railways RPF Launches App For Women’s Safety

The Railway Protection Force (RPF) of Western Railway (WR) has developed and introduced a mobile application for the safety of women commuters, commuting between the suburbs of Churchgate and Virar railway stations. The free app, Eyewatch Railways, launched last month, was developed by RPF by Western Railway in partnership with Eyewatch Technologies Pvt Ltd. It can be downloaded on an Android phone from Google Play Store and on iPhone from Appstore, said Chief PRO by WR Ravinder Bhakar. "This app has an alarm button, by tapping the button or by pressing the power button four times, Eyewatch Railways notifies the RPF control and notifies the user's call guardians via SMS. It also has a location update feature that allows the RPF Control Center to view the commuters at constantly updated...

India Jumps 30 Places Up, In Top 100 World Bank’s Ease Of Doing Business Rankings

31Oct By PriyankaNo Comments

INDIA, News

India Jumps 30 Places Up, In Top 100 World Bank’s Ease Of Doing Business Rankings

India has jumped 30 places up massively and made its place at 100 in the World Bank's ease of Doing Business. India has secured its place in the Top 100 list for the first time, driven by reforms in access to credit, power supplies and protection of minority investors. Doing Business in India has become much easier now as per the report over the past one year. The list shows 190 countries which is an influential barometer of competitiveness among countries that likely also helps businesses make investment decisions. “India’s performance is not based on efforts of just one year but consistent efforts made over the last three years to continuously improve the regulatory environment of doing business,” Annette Dixon, vice president South Asia, told a press conference. India is the only l...

Railway Tickets Soon To Introduce T For ‘Transgenders’

30Oct By Press Trust of IndiaNo Comments

INDIA

Railway Tickets Soon To Introduce T For ‘Transgenders’

Transgenders will now have the option of identifying themselves as the third gender with the Railway Board modifying reservation forms to provide the option T, besides M (Male) and F (Female). The Railway Board in a letter to all zonal railways has said that ticket booking and cancellation forms will be modified from the current option of Transgender (Male/Female) to just T. According to the letter, the social justice and empowerment ministry is at present dealing with various issues of transgenders and a proposed legislation on this -- The Transgender Persons (Protection of Rights) Bill, 2016, is being reviewed by a parliamentary standing committee. "The matter has been reviewed and it has been decided that till such time the detailed modalities on this account are finalised by the...

28Oct By Press Trust of IndiaNo Comments

INDIA

Startup India Will Encourage Youths To Be Job Givers

The central government's Startup India scheme will give a new dimension to entrepreneurship in the country wherein youngsters will be encouraged to become job givers rather than job seekers, Jammu and Kashmir minister Priya Sethi has said. Speaking at the Central University of Jammu on Jammu Kashmir Future Talks yesterday, the state education and tourism minister said the initiative was a result of the Modi government's commitment to make India a developed country by 2022. "We need to give a right direction to our students and make them realise their dreams. Jammu and Kashmir is a vibrant state with multi-regional geographical and economic features, which itself is a boon and can be best utilised for giving young entrepreneurs opportunities to make their mark," she said. Addressing th...

Bank Recapitalisation ‘Historic’, Will Boost Business: Amit Shah

25Oct By Press Trust of IndiaNo Comments

INDIA

Bank Recapitalisation ‘Historic’, Will Boost Business: Amit Shah

Hailing the Centres announcement of Rs 2.11 lakh crore for bank recapitalisation as "historic", BJP chief Amit Shah has said the move will not just give an impetus to businesses, but also provide employment to the youth. सरकारी बैंकों के लिए ₹2.11लाख करोड़ के कैपिटलाइजेशन प्लान को मंजूरी देने के ऐतिहासिक निर्णय पर @narendramodi जी व @arunjaitley जी का अभिनंदन pic.twitter.com/ddhHfURfJE — Amit Shah (@AmitShah) October 24, 2017 He also hailed the announcement on Rs 6.92 lakh crore spending on infrastructure. The BJP national chief congratulated Prime Minister Narendra Modi and Finance Minister Arun Jaitley for the bank recapitalisation decision, terming it as "historic". In a tweet last night, Shah said the "courageous" decision will not only give impetus to businesses but als...

Trai For 40% Carbon Emission Cut In Telecom Networks By 2023

24Oct By Press Trust of IndiaNo Comments

INDIA

Trai For 40% Carbon Emission Cut In Telecom Networks By 2023

Telecom regulator Trai today recommended 40 per cent carbon emission reduction in telecom network by 2022-23 with base year being 2011-12. The regulator has also suggested that the government should pass all the benefits granted under various schemes for using renewable energy technologies to telecom operators. "The target for reduction in carbon emission be set as 30 per cent by year 2019-20 taking base year as 2011-12 and 40 per cent by the year 2022-23. The targets should be reviewed in the year 2022-23," Trai said in its recommendation to the Department of Telecom on approach towards sustainable telecommunications. The Telecom Regulatory Authority of India (Trai) has given target of 5 per cent by the year 2012-2013, 8 per cent by the year 2014-2015, 12 per cent by the year 2016-20...

Indian Govt Permits Banks To Sell More Small Savings Schemes

20Oct By Press Trust of IndiaNo Comments

INDIA, News

Indian Govt Permits Banks To Sell More Small Savings Schemes

In order to encourage savings, the government has allowed banks, including top three private sector lenders, to accept deposits under various small savings schemes like National Savings Certificate (NSC), recurring deposits and monthly income plan. Until now, most of the small savings schemes were sold through post offices. According to a recent government notification, banks can also sell National Savings Time Deposit Scheme 1981, National Savings (Monthly Income Account) Scheme 1987, National Savings Recurring Deposit Scheme 1981 and NSC VIII issue. As per the notification, all public sector banks and top three in the private sector -- ICICI Bank, HDFC Bank and Axis Bank -- to receive subscription from the expanded portfolios. So far, these banks were allowed to receive subsc...