Opinion
Appeal
The legacy of IPA, founded by Nikhil Chakravartty, the doyen of journalism in India, to keep the flag of independent media flying high, is facing the threat of extinction due to the effect of the Covid pandemic. Only an emergency funding can avert such an eventuality. We appeal to all those who believe in the freedom of expression to contribute to this noble cause.India And Brazil To Drive The Global Wind Energy Capacity Addition
KOLKATA: The global wind industry will install more than 46 giga watt of new wind energy capacity in 2012 according to a five-year industry forecast published by the Global Wind Energy Council (GWEC). By the end of 2016, total global wind power capacity will be just under 500 GW,...
Suzlon Bags Wind Power Project From UK's Eoxis
NEW DELHI: Wind turbine maker Suzlon Group today said it has bagged a contract to set up a wind power project in Rajasthan from UK-based Eoxis group. “Suzlon has signed a contract for a 50.4 MW wind power project with the Indian subsidiary of Eoxis which is backed by...
Coal Royalty Based On Ad Valorem Profitable For States:Jaiswal
RANCHI: Coal Minister Sriprakash Jaiswal today said state governments should not have any problems on coal-royalty based on ad valorem, as their coffers grow automatically with increase in coal price. “Based on ad valorem, coal royalty increases on its own as and when rates of coal increase,” Jaiswal told...
HAL's Combat Aircraft For Navy Takes To The Sky
BANGALORE: NP-1, the early Navy version of the home-grown Light Combat Aircraft, made its first flight on Friday. The final product, late now by five years, would be another three years away. Public sector company Hindustan Aeronautics Ltd, which is building two prototypes, will have a new naval production...
Navy Gets First Of Three Stealth Frigates
NEW DELHI: India today inducted first of the three ‘Teg class’ warships built by a Russian shipyard. These are classified as stealth frigates due to their ability to avoid detection from enemy radars and sensors. These are armed with supersonic cruise missile BrahMos, developed jointly by India and Russia....
Tejas’ Naval Version Takes Maiden Flight
BANGALORE: A day after the launch of the first indigenously developed radar imaging satellite, the Indian scientists scripted yet another success story: The naval version of the light combat aircraft(LCA) Tejas made its maiden flight today. The LCA Naval Prototype 1 (NP1), which took off from the HAL Airport...
IAF Short Of 363 Pilots
The Indian Air Force (IAF) is short of of 363 pilots, a shortage that has lingered on for some time owing to lack of basic trainers. In 2008 when I had interviewed the then IAF chief Air Chief Marshal Fali Homi Major, he quoted a figure of 400 for...
PM Congratulates All ISRO Scientist
India’s Prime Minister, Dr. Manmohan Singh, congratulated all the scientists of the Indian Space Research Organization (ISRO), for the successful launch of PSLV-C19 which carried the Radar Imaging Satellite RISAT-1. The following is the text of the Prime Minister’s message: “I would like to warmly congratulate all scientists of...
'Tatra sold obsolete trucks to the indian army'
NEW DELHI: The Tatra trucks being supplied to the Indian Army are obsolete, running on fuel-guzzling old engines with mechanical transmissions that are years behind the rest of the world, Army sources said. The details are believed to be part of Army chief General V K Singh’s inputs to...
Seniors Cannot Work Under Juniors: AFT
CHANDIGARH: Hundreds of Army personnel posted at the Military Engineer Services (MES), who were put in a situation where they had to work under their juniors on repatriation to the Corps of Engineers, have been granted relief by the Armed Forces Tribunal. “When persons working in the MES go...
UK's largest fund Schroders acquires 25% stake in Axis Mutual Fund
MUMBAI: Britain’s largest asset management company Schroders has acquired a 25% stake in Axis Bank-promoted Axis Mutual Fund for an undisclosed amount. The deal will help the Indian fund house access Schroders’ global distribution network and advise overseas funds invested in Indian securities. The Economic Times had written on...
Investors may sway state-run banks' boardroom dynamics
MUMBAI: The Cabinet-approved Banking Amendments Bill proposing a rise in public sector bank shareholders’ voting rights may see investors vie for larger stakes and a greater say. The cap on voting rights is proposed to be raised from one to 10 per cent in public sector banks (PSBs) and...
US Says Retro Tax To Impact Investment, Pranab Differs
NEW DELHI: Finance Minister Pranab Mukherjee on Friday told Lok Sabha the retrospective amendments to the tax laws proposed in the Budget will not have any impact on foreign investment, just after the new US ambassador to India raised the issue at a business function. The proposed amendments will...
Finance Ministry Pulled Up For Wrong Food Bill Math
NEW DELHI: An expert panel of the Planning Commission has pulled up the finance ministry for underestimating the food subsidy in the Budget, saying the unrealistic assessment would lead to avoidable payment of arrears and interest payouts. A working group for the 12th Five Year Plan (2012-17) said in...
CIL To Set Deadline For Signing FSAs
KOLKATA: Coal India plans to take an aggressive stand against power producers and set a deadline after which it will not sign fuel supply agreements (FSAs) with the companies, as the state monopoly fights back after being arm-twisted to commit long-term fuel supply. Coal India’s board has already decided...
FIIs Bullish On India Equity Funds
MUMBAI: Foreign portfolio investors seem to have taken a fancy for equity mutual funds these days, even as their domestic counterparts are reducing exposure to such funds. Better onshore fund management capabilities of Indian fund managers coupled with high levels of transparency and exposure to quality second-line stocks are...
Trai's Spectrum Auction Proposal Can Raise Tariff By 30 Per Cent, Warn Telecom Companies
NEW DELHI: India’s five mobile phone companies including Bharti Airtel on Friday accused the telecom regulator of issuing a ‘highly retrograde set of recommendations on spectrum auctions’ and demanded that communications minister Kapil Sibal reject all key proposals suggested by the Telecom Regulatory Authority of India (Trai). Using unusually...
Pratibha Patil Ending Term Amidst Controversy
By Harihar Swarup One does not known whose victory it was; of the RTI or of President Pratibha Patil? Presuming there was no RTI, she would have jolly well gone and constructed her post-retirement mansion in Pune. Three cheers to the activists, who raised the issue, had their way...
