Articles for Business News

With higher funds, states can design schemes as per need: PM

In a letter to all chief ministers, PM Narendra Modi has said the states are free to change Centrally-sponsored schemes and plan the course of their development

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Govt okays record increase in devolution of resources to states

Centre accepts 14th Finance Commission report that takes states' share in Union taxes up to 42 percent and will give the states an additional Rs 1.78 lakh crore in 2015-16

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Renewable energy share to be 15% of basket in 7 years, says President

Addressing the joint sitting of Parliament, President Pranab Mukherjee has said that the share of renewable energy in electricity generation is being significantly enhanced from the current 6 percent

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Highway projects to pick up in Q1 of the next fiscal: ICRA

While NHAI awarded 1,572km of contracts during April-Nov 2014, it had set itself a target of 5,500km for FY 2015, 35% of which was earmarked for BOT segment and the rest for EPC mode

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Prince Charles supports Kerala's Aluva town growth project

Aluva, home of Kochi International Airport, was selected for the DFID-funded project due to its strategic location and struggle to cope with a burgeoning urban population

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Sanjeev Kaushik takes over as Executive Director of IIFCL

A 1992 batch IAS officer of the Kerala cadre, he was previously handling financial markets in the Department of Economic Affairs in the Finance Ministry

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Civic bodies must share financial status with citizens: Naidu

It is estimated that a whopping Rs 62,000 crore is required to improve basic amenities in the 4,041 urban areas in the country

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12 smart cities to come up at ports with Rs 50K-cr investment

The government will develop these and is identifying property through a GPS system, as it does not want to sell land to builders and developers, according to Union Minister of Road Transport & Highways Nitin Gadkari

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L&T Technology Services and ThingWorx partner for IoT apps

Machine data collection, remote management and engineering analytics of parameters from 'Things' will help OEMs, industries and consumers alike

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Taxi aggregators need to be regulated, says Gadkari

Though transport is a concurrent subject and falls under the ambit of both the Centre and the states, the Minister feels such taxi aggregators are not merely technology companies as they provide transport facilities

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