Government notifies scheme for Financial Restructuring of State Owned Distribution Companies

The Government has notified a scheme for Financial Restructuring of State Owned Distribution Companies (Discoms) on 05.10.2012. The scheme contains various measures required to be taken by State Discoms and State Governments for achieving the financial turnaround of the Discoms by restructuring their debt with support through a Transitional Finance Mechanism by Central Govt. The

Government to provide 24 hours electricity to all households in the country in the next 5 years, says Prime Minister

Prime Minister, Dr. Manmohan Singh today said the government aims to provide 24×7 electricity to all households in the country and affordable access to electricity in the next 5 years. One million households in India are now using decentralized solar energy to meet their lighting energy needs, said the Prime Minister. Government is also striving

BHEL Pays All-Time High Equity Dividend of 320% for Fiscal 2011-12

With a final dividend payout of 184%, Bharat Heavy Electricals Limited (BHEL) has paid an equity dividend of 320% for fiscal 2011-12, as against 311.5% paid in the year before. At Rs.1,567 Crore, this is the highest-ever dividend in percentage as well as value terms paid by the company so far. A cheque of Rs.609.98

Finance Minister Shri P. Chidambram leaves for his first Official Visit Abroad tonight to attend Annual Meetings of World Bank and IMF in Tokyo

The Union Finance Minister Shri P. Chidambram is leaving tonight on an official tour to Tokyo, Japan to attend Annual Meetings of World Bank and IMF. He will also attend BRICS Finance Ministers’ and G 24 Ministerial Meeting also during his aforesaid visit. The Finance Minister will also hold bilateral meetings with Finance Ministers of

Government decides not to Proceed for the Time being with the initial Public offer of 10% Paid-P Equity Shares Of Rashtriya Ispat Nigam Limited (RINL);

 Government Remains Committed to the Disinvestment Programme and will Evaluate the Decision in due Course keeping in View all Relevant Factors. Rashtriya Ispat Nigam Limited (RINL) had earlier proposed to make an initial public offer of 488,984,620 Equity Shares of Rs. 10 each by way of an offer for sale by the President of India,

Dr.M.Veerappa Moily Details MCA Initiatives at EEC 2012

Union Minister of Corporate Affairs Dr. M.Veerappa Moily today detailed the recent initiatives taken by his ministry for attaining an all – inclusive role of addressing a vide sweep of functions – Corporate Governance Reforms and the Emerging Legal Framework with a vision to facilitate corporate growth with enlightened regulation. Addressing media persons gathered at

Civil Aviation Minister addresses Economic Editors’ Conference; Enumerates Measures to boost the Growth of Civil Aviation Sector in India

Union Minister of Civil Aviation ShriAjit Singh addressed the Economic Editors’ Conference in New Delhi today. In his opening statement he touched upon various issues concerning the growth of aviation industry in the country. He said that the Government’s decision to allow 49% FDI by foreign airlines in Indian carriers will help in rapid growth

India Releases Firstever detailed Aviation Carbon Footprint Report for 2011

The Directorate General of Civil Aviation (DGCA) presented today the 2011 Carbon Footprint Report for the Indian Aviation Industry, in line with India’s initiatives to address the climate change challenge.The report was released at the 49thConference of Directors General of Civil Aviation (DGCA), Asia Pacific Regions being held in New Delhi.Compiled for the first time

Students to voice their concern on Extortionary Corruption at Gujarat NRE National Integrity Theme Presentation Contest in I-Fest 2012 at Nirma Univeristy

Ahmedabad, 9th October 2012: ISTE Students’ Chapter of Nirma University is organising its 5th Annual Techno-Cultural Colloquium I-Fest’12 from 11-13th October 2012. I-Fest’12 is aimed at bringing out the best of the brightest minds in colleges across the nation, with an aim to bring out the talents of all the budding engineers by amalgamating their

PM’s inaugural address at the International Seminar on Energy Access

Following is the text of the Prime Minister, Dr Manmohan Singh’s inaugural address at the International Seminar on Energy Access in New Delhi today: “I am very pleased to be here today to inaugurate the International Seminar on Energy Access. India is privileged to host this important seminar during the ‘International Year of Sustainable Energy for