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NEW DELHI: The grant of the country’s first compulsory drug licence and recent attempts at populist policy initiatives have raised fears of overseas pharmaceutical firms. The companies say that local regulations may stifle their business but domestic firms and health groups say the government’s moves strike a balance between...
MUMBAI: Reserve Bank of India Governor Duvvuri Subbarao, who has resisted calls for an interest rate cut for months, may persist with his policy on Thursday as he awaits government finances forecast for the next fiscal, and get a handle on inflation, which is rearing its head again. The...
MUMBAI: Banks receiving capital support from the government will have to think twice before putting money in non-core businesses. This is a condition that has been laid down by the finance ministry which, however, has not spelt out the activities that can be described as non-core. This was indicated...
NEW DELHI: The shortfall in direct tax collection target is now pinching the corporates. They have come under pressure from tax officials who are asking companies to pay more as last installment of advance tax so that gaps in targeted collection could be narrowed. Besides, various commissionerates of the...
Companies that depend on railways for business are cheering railway minister Dinesh Trivedi’s move to significantly increase allocation for locomotives and wagons, which boosts business opportunities. The minister painted a bright long-term picture for the wagon industry, saying annual procurement would rise to 29,000 units by 2020 from the...
NEW DELHI: Competitive politics saw UPA ally DMK and political rival AIADMK on the same side, trying to corner the Congress-led UPA government over the issue of atrocities against Sri Lankan Tamils. For a second day in a row, proceedings in both Houses of Parliament were disrupted as both...
LUCKNOW: It was in 1994 that Akhilesh, then around 20, was clicked with his chief minister father Mulayam Singh Yadav for the first time ever during a special photo shoot for a news magazine. A little over 18 years later, Akhilesh will be clicked with Mulayam once again on...
The railway budget presented on Wednesday, hailed by Prime Minister Manmohan Singh and finance minister Pranab Mukherjee as reformist and progressive—it raised rates, the first for a rail budget in almost a decade— seems to have put the government in a familiar place (a mess) in an unfamiliar way...
After presenting the Railway Budget, Railway Board Chairman Vinay Mittal and Financial Commissioner Vijaya Kanth spoke to Business Standard on the proposals. Edited excerpts: How much additional revenue would come from the passenger fare rise? What is the long-term vision on this front? Freight traffic on Indian Railways is...
In an interview with Business Standard, Railway Minister Dinesh Trivedi says if there is no rise in fares, the Indian Railways would come to a grinding halt. Edited excerpts: You are heading a government that claims to belong to the aam aadmi. Yet, you have increased fares. Wherever I...
Chandigarh, March 14 – Congress M.P. Mr. Deepender Singh Hooda has thanked the UPA Chairperson Mrs. Sonia Gandhi, Prime Minister Dr. Manmohan Singh and Union Railway Minister Mr. Dinesh Trivedi for sanctioning number of new railway projects for Haryana State in railway budget 2012-13, which was presented today in...
Appreciating the Railway Budget presented today by Hon’ble Mr Dinesh Trivedi, Railway Minister, the Confederation of Indian Industry (CII) stated that it is a bold and pragmatic Budget and meets the needs of the country over the longer term. “The Rail Budget is largely in alignment with CII’s pre-Budget...
By S. Sethuraman The Railway Minister Mr Dinesh Trivedi, in his maiden budget for railways in 2012/13 presented to Lok Sabha on Wednesday, holds out plans of greater safety for passengers and modernization of the largest undertaking in the 12th plan period with a modest revision of fares for...
CII appreciates the bold and pragmatic budget presented by the Hon’ble Railway Minister. The heightened focus on safety and modernisation is welcome and meets many CII pre budget recommendations. Increase in fares after several years will impart greater flexibility for future requirements. We also welcome the stress on public...
Chandigarh, March 14 – The Sirsa District in Haryana has recorded a ten percent increase in the literacy rate due to the effective implementation of various programmes under the Backward Area Grants Commission. In fact, a revolutionary increase of 11 percent has been witnessed in female literacy rate during...
Vice Chancellor of Haryana Agricultural University, Hisar, Dr K.S.Khokhar inaugurating a Kisan Mela in Hisar on March 14
The inflation rate, which had shown moderation in the last two months, has once again shown signs of revival which is a cause for concern to industry which had hitherto been hopeful of declining trend to continue. If such a trend continues, then it is highly unlikely that the...
By Rashmi Saksena The Uttar Pradesh Assembly poll results are supposed to bring cheer to women for one singular fact. The newly constituted 16th Assembly of UP has the highest number of women MLAs in the history of the state Legislature since Independence. Of the 403 seats, women have...