The Ministry of Housing & Urban Affairs has embarked upon one of the most ambitious programmes undertaken in the world for Urban renaissance for rejuvenating and transforming Indian cities through a number of initiatives including infusion of more than Rs. 6,85,758 crore for ensuring citizen friendly urban areas. The transformation has been undertaken by way […]
Modernisation/improvements of railway track on the Railways is a continuous process. The various steps taken by Railways in this regard are as under: • Laying of track structure consisting of 60 kg/90 Ultimate Tensile Strength (UTS) rails on Pre-stressed Reinforced concrete (PSC) sleepers with 1660 sleepers per km at the time of renewals, laying of […]
Indian Railways has taken a large number of measures to keep a check on the activities of unscrupulous elements involved in malpractices in reservation, some of which are as under:- 1. Joint as well as independent checks are conducted by Commercial, Vigilance & Security Departments (Railway Protection Force) to curb the activities of unscrupulous elements. […]
Improvement in coaches is a continuous process on Indian Railways (IR). Several steps have been taken by IR in this regard: • The coaches running on IR are given periodic maintenance as per norms wherein all the safety and amenity fittings are examined for good working condition and defective components are repaired or replaced. Proper […]
Ministry of Railways issued a new Catering Policy on 27/02/2017. Under this Indian Railways provide catering services in trains as per the prescribed standard and tariff. Regular and surprise inspections are conducted to check quality, quantity and overcharging of food on Indian Railways. All complaints including those pertaining to overcharging are dealt strictly. Stringent punitive […]
Markets regulator Sebi has imposed a total penalty of Rs 10 lakh on 2 entities for engaging in non-genuine transactions, which created artificial volume in the illiquid stock options on the BSE. The Securities and Exchange Board of India (Sebi) conducted an investigation into the trading activities of certain entities in illiquid stock options at […]
Securities and Exchange Board of India (SEBI) is planning to come up with a sandbox policy to support technology development for financial markets, an official said here on Thursday. We will come out with a sandbox policy. We are examining whether any changes in laws are required in terms of its dispensation, Ajay Tyagi said. […]
Government has moved proposal in Parliament on 20 December 2018 for enhanced bank recapitalisation outlay from Rs 65000 crore to Rs 106000 crore in the current financial year to propel economic growth, cementing India’s position as the fastest growing economy of the world. This would enable infusion of over Rs 83000 crore in the coming […]
The Finance Minister Arun Jaitley introduced Companies (Amendment) Bill 2018 in the Lok Sabha as part of the efforts to promote the ease of doing business in the country. This Bill–which will replace the ordinance issued by the Modi administration early November–seeks to provide relief to companies and professionals alike by decriminalizing a host of […]
Casting doubts over the ability of Liberty House to meet its commitments under resolution plans for Adhunik Metaliks and Amtek Auto, the Committee of Creditors led by ICICI Bank is said to have rejected the resolution plan submitted by the London-based Group for debt-laden shipbuilder ABG Shipyard Ltd. The committee of creditors is said to […]
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