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The Finance Ministry is considering raising the foreign direct investment (FDI) limit in public sector banks (PSBs) to 49 per cent from the current 20 per cent to strengthen their capital base, PTI reported.“We are still considering, and inter-ministerial consultation is on for raising FDI cap to 49 per cent,” Financial Services Secretary M Nagaraju…
BENGALURU: After controversy erupted over shifting private and individual airport taxi operators to the P4 parking area of Terminal 1 of Kempegowda International Airport (KIA), the operator of the KIA, Bengaluru International Airport Limited (BIAL) is now exploring a new system to allow these vehicles access to the KSTDC airport taxi pick-up zone, which is…
The government is working to introduce vehicle-to-vehicle (V2V) communication technology to help prevent road accidents by enabling real-time information sharing between vehicles, Union road transport and highways minister Nitin Gadkari said on Thursday, PTI reported.Addressing a press conference in New Delhi after chairing the annual meeting of transport ministers from states and Union Territories, Gadkari…
The Centre is reportedly considering rolling back rules that have kept Chinese companies out of government contracts since 2020, signalling a possible reset in commercial engagement as diplomatic and border tensions ease. According to two sources cited by Reuters, finance ministry is working on a proposal to eliminate limitations that forced Chinese bidders to register…
DEHRADUN/ HARIDWAR: Uttarakhand government is contemplating a ban on entry of non-Hindus in the 105 ghats of Haridwar spread across an area of 120 sq km, following the demand raised by a few seers and Ganga Sabha, the body overseeing the maintenance of the main Har-ki-Pauri ghat in Haridwar. Besides, the state also plans to…
BENGALURU: The Karnataka govt is considering rejecting the Centre’s Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Grameen), or G-RAM-G, which has replaced MGNREGA, and is exploring the possibility of rolling out its own rural employment guarantee scheme.“The Cabinet on Friday condemned G-RAM-G, which has snatched the right to work from the people of this…
NEW DLEHI: The external affairs ministry on Wednesday received a request from the Goa government seeking to revoke the passports of Gaurav and Saurabh Luthra, and the request is currently under examination, reported PTI citing sources. The move comes amid an expanding probe into the nightclub blaze in North Goa that killed 25 people last…
China’s Envision Group is exploring the possibility of setting up a battery manufacturing plant in India, looking to tap into the country’s rapid push to modernise its grid and integrate more renewable energy.According to Bloomberg, Suman Nag, Envision’s global head for contracts, said the company is evaluating a 5 GWh-a-year, $34 million facility, which would…
NEW DELHI: Cancelling your air ticket just hours before flight departure time due to pressing reasons could soon not mean losing the entire booking amount. India is planning to roll out an inbuilt travel insurance component in air tickets within next 2-3 months that could mean getting anywhere upto 80% refund for last-minute exigency cancellations.As…
India is exploring deeper collaboration with Israeli startups across sectors such as cybersecurity, medical devices and mobility to strengthen its innovation ecosystem, Commerce and Industry Minister Piyush Goyal said during a visit to Tel Aviv, PTI reported. He said technology-driven cooperation is likely to form a key pillar of the proposed bilateral trade agreement.Goyal, who…
