(PTI) The board of Punjab National Bank (PNB) Thursday approved proposal to seek Rs 5,431 crore capital support from the government. The capital infusion of Rs 5,431 crore by the Centre would be through preferential allotment of the bank’s equity shares at a price determined as per the regulation, PNB said in a filing to stock exchanges. The extra general meeting (EGM) in this regard will be held on October 30, it said. The finance minister Tuesday Tuesday committed capital support to banks after meeting heads of public sector lenders. “Some of them did mention that the PCA (prompt corrective action) guidelines…
Author: Amit Bhanot
(ET) Essar Power said it has commissioned the 337-km Mahan-Sipat transmission line that will help its 1,200 MW Mahan thermal power plant in Madhya Pradesh to transmit the electricity generated. The 400 kV line is the final leg of a 465-km transmission system that has been built at an investment of Rs 2,400 crore, the company said in a statement. The Mahan-Sipat transmission line is part of an inter-state transmission system that has been built by Essar Power Transmission Co, Essar Power Transmission Co, an arm of Essar Power. It extends from Mahan in Madhya Pradesh to Sipat pooling station in Bilaspur,…
(TH) The Indian Railways are set to launch their ‘Make in India’ smart coaches with new features like black box and artificial intelligence (AI)-powered CCTVs, matching international standards. Named ‘Smart Trains’, the coaches have been equipped with sensors that can detect defects on bearings, wheels, and the railway track, giving constant inputs to those in the control room to avoid accidents, carry out maintenance, and to improve efficiency of operations. The maiden smart coach was unveiled at the Modern Coach Factory in Rae Bareli on Tuesday as part of launching 100 such trains in a pilot project to improve the safety and security…
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the National Digital Communications Policy-2018 (NDCP-2018) and re-designation of the Telecom Commission as the “Digital Communications Commission”. Impact: The NDCP-2018 envisions supporting India’s transition to a digitally empowered economy and society by fulfilling the information and communications needs of citizens and enterprises by establishment of a ubiquitous, resilient and affordable digital communications infrastructure and services. The ‘Customer focused’ and ‘application driven’ NDCP-2018 shall lead to new ideas and innovations, after the launch of advanced technology such as 5G, IOT, M2M, etc. which shall govern the telecom sector of India.…
Around 3.2 crore Insured Persons (IPs) will benefit from newly launched scheme of ESIC ‘Atal Bimit Vyakti Kalyan Yojna’. The ESI Corporation has approved ‘ATAL BIMIT VYAKTI KALYAN YOJNA’ for Insured Persons (IP) covered under the Employees’ State Insurance Act, 1948. This scheme is a relief payable in cash directly to the Bank Account in case of unemployment and while they search for new engagement. The cash benefit given to the unemployed persons searching for new employment will be 25 percent of his average earning of 90 days. Shri Gangwar was addressing on the occasion of 7th National Conference on Security and Safety…
(AU) केंद्र सरकार ने बुधवार को चीनी उद्योग के लिए 4,500 करोड़ रुपये के पैकेज को मंजूरी दी। सूत्रों ने यह जानकारी देते हुए कहा कि इसके तहत गन्ना किसानों को उत्पादन सहायता में दोगुना की वृद्धि होगी। जबकि इसमें विपणन वर्ष 2018-19 के लिए 50 लाख टन के निर्यात के लिए मिलों को परिवहन सब्सिडी मिलेगी। मंत्रिमंडल की आर्थिक मामलों की समिति (सीसीईए) की बैठक में इससे संबंधित खाद्य मंत्रालय के प्रस्ताव को मंजूरी दी गई। इसमें चीनी मिलों को गन्ना के बकाये के भुगतान में सहयोग के लिए देश में इस समय चीनी के बेशी भंडार की समस्या…
(PTI) The Supreme Court Wednesday declared the Centre’s flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admissions. A five-judge constitution bench headed by Chief Justice Dipak Misra held that while Aadhaar would remain mandatory for filing of IT returns and allotment of Permanent Account Number (PAN), it would not be mandatory to link Aadhaar to bank accounts and telecom service providers cannot seek its linking for mobile connections. It would not be mandatory for school admissions, as also for the examinations conducted by the Central Board…
(ET) More than 600 global industry leaders will be part of the 10,000 delegates likely to attend the second edition of India’s flagship renewable energy event RE-Invest 2018 beginning 2 October, the power ministry said. The participants would include ministerial delegations from the member countries of International Solar Alliance (ISA) and Indian Ocean Rim Association (IORA) apart from industry representatives from other parts of the world. “RE-Invest will showcase technologies and the progress that has been made and it will enable the building of partnerships between India and other countries. We already have confirmations from 24 ministers including 17 signatories, five of those who want to join and two others who…
(BS) Setting its eyes on infrastructure development, the Union Ministry of Finance has asked the railways to raise borrowings, with the assurance that it will pay the principal amount. The railways will have to pay the interest. According to sources, a final call on this would be taken when the national carrier asks for additional sums to be allotted to it in the form of Gross Budgetary Support (GBS), or when it appeals to the finance ministry to repay both the principal and the interest. “We are in talks with the department of expenditure to take a call on this soon. It needs to…
(Hindustan) तीन दिनों से हो रही लगातार बारिश के चलते सोमवार को केदारनाथ पैदल मार्ग पर भीमबली और लिंचौली के बीच मलबा आने से पैदल मार्ग बंद हो गया। दोपहर डेढ़ बजे बाद प्रशासन ने तीर्थयात्रियों की सुरक्षा को देखते हुए यात्रा रोक दी। हालांकि मार्ग में पहुंचे यात्रियों को सुरक्षित स्थानों तक पहुंचा दिया गया। मार्ग बंद होने से 450 यात्री केदारनाथ में फंसे हुए हैं। सोमवार को बारिश से केदारनाथ पैदल यात्रा मार्ग में कई स्थानों पर मलबा और पत्थर गिरने से खतरा बना रहा। भीमबली और लिंचौली के बीच 1:30 बजे मलबा आने से मार्ग बंद हो गया।…