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Posted under on 29 Nov,16 1:11p.m.
Looking to boost the housing sector, the Modi government is mulling a new scheme that may use money from the demonetisation drive. According to an ET Now report, the government is keen to boost the housing sector via a new scheme and is already in discussion with the RBI. The new housing scheme may be announced as early as the Union Budget 2017, which is expected to be presented on February 1. The....
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Posted under on 19 Jul,16 7:21p.m.
Tipu Sultan, Maharana Pratap and Aurangzeb are surveying the vast open valleys hugging the mountain ranges of eastern Ladakh, ready to counter any threat from China, which lies just across the border. If you are wondering how the three rulers, separated by hundreds of years, have come together, these are the names of three tanks of a regiment the Indian Army has positioned about six to eight mont....
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Posted under on 15 Jun,16 7:53p.m.
The Cabinet has approved the new civil aviation policy that focuses on taking "flying to the masses" and to make it "affordable, convenient, cheap."The long-awaited policy will make it simpler for new domestic airline companies to start flying international routes, will make short-span travel cheaper, and lots more.The final draft of the civil aviation policy was sent to the cabinet on June 3. How....
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Posted under on 19 May,16 7:36p.m.
Indian Space Research Organisation is preparing for the test flight of the Reusable Launch Vehicle (RLV) on 23 May. So far only US, Russia, France and Japan have successfully launched space shuttle. With this indigenous initiative, India will be joining this elite group.The RLV-TD (Reusable Launch Vehicle - Technology Development) took five years to be built, at a cost of just Rs 95 crore. The lau....
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Posted under on 12 Apr,16 8:30p.m.
The monsoon in India, which accounts for more than 80 per cent of annual rainfall, may be above average for the first time since 2013 after a back-to-back shortfall shrank agricultural production and caused an acute drinking water shortage.Precipitation in the rainy season starting in June is seen at 106 per cent of a 50-year average of 89 centimeters (35 inches) as the El Nino that often triggers....
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Posted under on 09 Jun,15 8:54p.m.
In a rare demonstration of its capabilities, special forces carried out "surgical strikes" inside Myanmar where the guerrillas had fled to after the deadly attack on security forces leaving 20 armymen killed. The cross border revenge attack was done in coordination with the Myanmar regime after the clearance to conduct the surgical strikes were given at the highest level in the government.The Indi....
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Posted under on 02 Jun,15 7:40p.m.
The State Bank of India on Tuesday reduced its base rate by 15 basis points. The move follows the RBI repo rate cut by 25 basis points. The base rate or minimum lending rate will be now 9.70%.After the last policy meet on April 7, SBI took other banks by surprise when it cut base rate by 15 bps to 9.85 per cent.RBI Governor Raghuram Rajan on Tuesday also urged banks to pass through the sequence of....
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Posted under on 04 Mar,15 7:40a.m.
It was informed in the Parliament, that the National Pharmaceutical Pricing Authority (NPPA) has fixed the ceiling price of 509 essential medicines. The act will lead to a reduction in rates by above 40 per cent in case of 127 drugs."NPPA has already fixed the ceiling price in respect of 509 essential medicines out of 680 medicines (628 net medicines) contained in the Schedule-1 of DPCO 2013," Min....
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