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The Ministry of Road Transport and Highways will now impose penalties on contractors if more than one accident occurs in a year on a specific stretch of National Highway built under the build-operate-transfer (BOT) model, a senior official said.Road Transport and Highways Secretary V Umashankar said the ministry has revised the BOT document to make…
NEW DELHI: Jawed Habib, his son Anos Habib, and an associate have been accused of defrauding investors by promising high returns through a scheme under the banner of Follicle Global Company (FLC), news agency PTI reported. According to authorities, the accused collected Rs 5-7 lakh from each investor, claiming it would yield returns of 50-70…
NEW DELHI: The textile ministry on Thursday announced significant amendments to the Production Linked Incentive Scheme for textile products with an aim to address challenges faced by the industry and encourage fresh investments. The amendments to the scheme for man-made fibre (MMF) apparel, fabrics and technical textile products include expansion of products eligible to receive…
The government has moved a step closer to boosting India’s self-reliance in rare earth magnets, with a key panel approving a Rs 7,300 crore scheme to support local manufacturing. These magnets are essential for electric vehicles, wind turbines and a range of consumer electronics.The expenditure finance committee (EFC), which functions under the finance ministry, cleared…
States must strengthen their financial position to accelerate poverty reduction and ensure sustained development, Iqbal Singh Dhaliwal, Global Executive Director of the Abdul Latif Jameel Poverty Action Lab (J-PAL), part of the Massachusetts Institute of Technology (MIT), has said.“The central government’s fiscal deficit is fine, but the state governments are facing considerable challenges in terms…
Centre has decided to give the textile industry more time to join its flagship production-linked incentive (PLI) scheme, extending the deadline for fresh applications to December 31.The move follows what officials described as an “encouraging” response from the sector after the latest round of applications opened in August 2025, PTI reported. Strong proposals have come…
NEW DELHI: Govt’s efforts to deepen the Indian component ecosystem for electronics has received a massive boost with domestic and international companies putting in applications for investing over Rs 1.1 lakh crore in new projects – almost twice to the original target – which have the potential to result in creating incremental production to the…
The government on Tuesday extended fiscal incentives under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for six more months, ensuring benefits for exporters till March 31, 2026. The scheme, which ended on September 30, reimburses taxes, duties, and levies incurred during manufacturing and distribution that are not refunded under other central,…
The government is considering whether to extend the September 30 deadline to switch to the UPS as barely 1 lakh out of 23 lakh government employees have opted.Several employees’ associations have written to the cabinet secretary, seeking a two-month extension to allow more staff to switch from the National Pension Scheme (NPS) to the UPS…
The Centre has unveiled operational guidelines for the rollout of nearly 72,300 public electric vehicle (EV) charging stations across the country, with an outlay of Rs 2,000 crore under the Rs 10,900 crore PM E-DRIVE scheme.According to the Ministry of Heavy Industries, the framework provides a tiered subsidy structure to accelerate the installation of charging…
