Indian News

Urban Affairs Ministry to organise fortnight-long programme for poorest of poor

Eco/Invest/Demography       Jan 18, 2019

  New Delhi, The Housing and Urban Affairs ministry will extend outreach of its flagship project Deendayal Antyodaya Yojana among the poorest of poor in the country through a series of events in the coming month. The 'Shehri Samridhi Utsav', focusing on urban livelihoods, will be...

DGCA asks airlines to make extra checks on A320neo planes with P&W engines

Risk Management       Jan 18, 2019

  New Delhi: DGCA asks airlines to make extra checks on A320neo planes with P&W enginesIndia's air safety watchdog on Thursday directed airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engines as part of new safety protocols after temporary...

EV makers demand Rs 20,000 cr in the next two years for promoting vehicles

Eco/Invest/Demography, Technology       Jan 18, 2019

New Delhi: Electric vehicle (EV) makers' body SMEV Wednesday sought an allocation of Rs 20,000 crore in the next two years for promoting EVs in the country and also urged the government to impose a "notional green cess" on conventional vehicles in the upcoming interim...

Major farm measures likely in coming weeks: Agriculture Minister

Eco/Invest/Demography, Non-Life       Jan 17, 2019

  New Delhi: Agriculture Minister Radha Mohan Singh Thursday indicated announcement of major measures in the coming weeks to address farm distress across the country, a move that will come ahead of Lok Sabha elections.    The agriculture ministry has prepared a cabinet note on "addressing income...

Govt to conduct economic census, to create a national business register

Eco/Invest/Demography       Jan 17, 2019

  NEW DELHI: The government plans to create a business enterprise register that will have details of all kind of businesses being run in the country as it gears up to conduct a nationwide economic census in 2019-20, a top official said Thursday.  "We propose to...

Bill Gates congratulates Indian government for Ayushman Bharat scheme

Health, Non-Life       Jan 17, 2019

  New Delhi: Microsoft co-founder Bill Gates has congratulated the Indian government for the successful completion of the first 100 days of the healthcare scheme Ayushman Bharat from its launch.   The response from Gates came after Union Health Minister JP Nadda wrote on Twitter that 6,85,000...

Turtlemint's $25 million funding by Sequoia

      Jan 16, 2019

  Mumbai:  Tech-based platform Turtlemint, fast emerging as a leader in the insurance distribution space, has closed a USD 25 mn funding round - led by Sequoia India, with participation from existing investors Nexus Venture Partners and Blume Ventures.   The Mumbai based startup, which has pioneered...

Tax return will soon be processed in one day

Eco/Invest/Demography       Jan 16, 2019

  New Delhi: IT major Infosys has been selected to implement the next generation system for processing income tax return filings, with the Union Cabinet sanctioning an estimated Rs 4,241.97 crore for the project.   The move will help in bringing down the income tax return (ITR)...

There may be no tax on income up to ₹500,000

Eco/Invest/Demography, Life, Non-Life, Pension       Jan 16, 2019

  New Delhi: With middle-class apathy on the rise, Finance Minister Arun Jaitley may double the income tax exemption threshold for the salaried from the present ₹250,000 to ₹500,000 while also reinstating tax-free status for medical expenses and transport allowance, providing some relief to the section...