Govt planning contentious laws to cut power utility debt worth Rs 6 trn

India is planning laws that would boost competition and lower debt at its power distribution companies, but also risks fomenting anger in a country where electricity is often used as an election sweetener. Key proposals include allowing more utilities to operate within the same circles, mandating regulators to set … Read more

Govt okayed purchase of military equipment worth Rs 1.83 trn since 2020-21

The government has said that it accorded the Acceptance of Necessity (AoN) approval for procurement of military equipment worth Rs 1,83,778 crore since 2020-21. The AoN is the first step towards any defence procurement, which is followed by tendering and contracting. “In the period 2020-21 to 2022-23 (till … Read more

$1 trn economy target: UP govt appoints Deloitte consultant, signs MoU

The Uttar Pradesh government on Friday signed a memorandum of understanding with Deloitte India, appointing it as a consultant for achieving the target of bringing the state’s economy to USD1 trillion mark. The MoU between the consultancy agency and the government was signed in the presence of Chief Minister … Read more

‘Proposals worth Rs 10 trn lined up before Invest Rajasthan 2022 summit’

Rajasthan is all set to make a big leap towards the new era of Industrialisation with proposals of over Rs 10 trillion lined up ahead of ‘Invest Rajasthan 2022 summit’, said the officials, adding that “the proposals have arrived across sectors following the advantages of land, resources, infrastructure and state government policies”. … Read more

Top headlines: Govt nets Rs 1.5 trn at 5G auction; monkeypox death in India

Govt earns Rs 1.5 trn as spectrum auction ends on day 7, Jio biggest bidder The government had earned Rs 150, 173 crore (Rs 1.5 trillion) when the auction for telecom spectrum ended Monday afternoon after seven days of bidding and 40 rounds, adding Rs 43 crore to its kitty on the … Read more

Top headlines: SpiceJet to cut ops for 8 weeks; Rs 1.6 trn for BSNL revival

DGCA orders SpiceJet to operate just 50% of approved flights for 8 weeks Aviation regulator DGCA on Wednesday ordered SpiceJet to operate maximum 50 per cent of its flights, which were approved for summer schedule, for a period of eight weeks. On July 6, the Directorate General of Civil Aviation (DGCA) … Read more

Latest LIVE: 5G auction starts today; spectrum worth Rs 4.3 trn on offer

From 5G auction to coronavirus and more, catch all the latest developments from across the globe here Topics Today News | 5G | Uttar Pradesh BS Web Team  |  New Delhi  Last Updated at July 26, 2022 07:12 IST The 5G spectrum auction will begin on Tuesday with four players, including Reliance … Read more