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Economy

GDP figures stun investors; market loses momentum

Even before the government could release the GDP figures for the second quarter, the SBI prediction of a 4.2% growth rate spooked the market

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India

Ayodhya: Temple construction to begin on Ram Navami

The trust for Ram temple construction in Ayodhya has to be formed simultaneously with the grant of 5 acre of land elsewhere for a mosque

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Sci-Tech

Roads: IIT Hyderabad develops model for their longevity

The design of pavement is the first and essential step towards building roads, said researchers at the Department of Civil Engineering, IIT Hyderabad

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Economy

Modi govt relaxes FDI norms in airlines, retail, construction

New Delhi: The government today relaxed FDI norms in various sectors such as single brand retail and allowed foreign airlines to invest up to 49% in Air India. The decision was taken during the Cabinet meeting chaired by Prime Minister Narendra Modi here. The Cabinet allowed overseas investors to invest 100% FDI (foreign direct investment) in […]

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Entertainment

BMC razes illegal extensions in Shatrughan Sinha’s residence

Mumbai: The city civic body has razed illegal extensions and constructions in an eight-storey residential building owned by BJP MP Shatrughan Sinha in Juhu area. The Brihanmumbai Municipal Corporation (BMC) had received several complaints of illegal extensions in Sinha’s residence ‘Ramayan’ in the last few months. Subsequently, notices were also served to him, a civic official […]

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India

NGT lifts ban on construction in Delhi-NCR

Delhi: The National Green Tribunal (NGT) today lifted its ban on construction activities in Delhi-NCR and allowed trucks to enter the national capital, while asking authorities to strictly monitor their movement. The green panel, however, refused to lift its ban on industrial activities causing pollution in the Delhi-National Capital Region region. “All directions in relation […]

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India

Central govt employees can now take advance upto Rs 25 lakh

Delhi: Central government employees can now take advance upto Rs 25 lakh for construction or purchase of house at a simple interest rate of 8.50 per cent, a move aimed at giving fillip to the housing sector, an official release said today. Earlier, the maximum borrowing limit was Rs 7.50 lakh with interest rate slabs ranging […]

Categories
India

NGT bans construction, industrial activities in Delhi-NCR

 Delhi: With deadly smog blanketing Delhi and the neighbouring states for the third day, the National Green Tribunal today banned construction and industrial activities and entry of trucks, as it rapped the Delhi government and civic bodies over the situation. The state governments of Uttar Pradesh, Punjab, Rajasthan and Haryana were also directed to ensure that […]

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Economy

Now, ease of doing construction business

New Delhi: Considerable progress has been reported in the matter of ease of doing of construction business in urban areas by streamlining procedures, adoption of appropriate technology and empowering urban local bodies to accord a wide range of approvals. Progress in this regard was reviewed at a high-level meeting convened by Minister of Urban Development and […]