India Is On A High Growth Trajectory: Kovind

New Delhi: President Ram Nath Kovind has said India is on a high growth trajectory and it is opening new opportunities for collaboration.
Addressing the Indian community shortly after arriving in Djibouti city on the first leg of his four-day visit to Djibouti and Ethiopia, the President said it was a matter of great honour for him to be the first Indian President to visit Djibouti. He said rise of India is opening collaboration opportunities and Indian Diaspora has important role in building bridges between India and the world.


Iconic Neta Favourite Ambassador Gives Way To Modern Tata Tigor Electric Vehicle

New Delhi: Tata Motors has won the first ever contract to supply 10,000 electric vehicles to the government. These cars will replace the ordinary cars used by the government and its departments to cut demand for fossil fuels and reduce carbon emissions. The contract is worth Rs 1,120-crore order and it is from state-run Energy Efficiency Services Ltd (EESL).

EESL said that Tata Motors quoted the lowest price of Rs 10.16 lakh exclusive of GST in the competitive bidding for 10,000 electric vehicles. The overall cost of the electric car though will be Rs 11.2 lakh, which includes the GST cost and a comprehensive 5 year warranty. 


C Rangarajan Says Govt Needs To Take Measures To Push Growth

New Delhi: Former RBI Governor C Rangarajan has asserted that the government needs to "pick up very fast" to be able to maintain a healthy annual growth.

The government needs to take quick measures to push the growth, he said.

"In some ways, one can say the economy has bottomed out. Because, for two quarters it has remained at 5.7 per cent.

"Therefore, the glitches of GST may be over. Some of the effects of demonetisation would also be neutralised with the new currency coming in. Therefore, it could pick up. But, it needs to pick up very fast," Rangarajan said in Hyderabad on the sidelines of an event.


Govt Keeps Interest Rate Unchanged On Small Savings For Oct-Dec

New Delhi: The government has not changed the interest rates on small savings schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi for October-December quarter. 

"The rates of interest on various small savings scheme for the third quarter of the financial year 2017-18 starting October 1 shall remain unchanged from those notified for the second quarter of 2017-18," the Finance Ministry said in a release.


Piyush Says Bihar Diesel Locomotive Project With GE On Track

New Delhi: Scotching all speculations over the future of a diesel locomotive factory in Bihar`s Marhwrah, Railway Minister Piyush Goyal has said the work on the factory is on tracks.

The project, a joint venture between the Indian Railways and the US giant GE, was announced in 2006-07 to supply modern diesel electric locomotives of 4,500 HP and 6,000 HP to the railways.

The railways had issued the Letter of Award for setting up Diesel Locomotive Factory (DLF) with GE Global Sourcing India in November 2015.