Daily Archives: February 1, 2018

Airport capacity to jump 5 times to 1 billion trips per year soon: FM Arun Jaitley

India’s airport capacity will increase by 5 times, facilitating 1 billion air trips a year in the next few years, finance minister Arun Jaitley in his speech Thursday presenting the government’s latest fiscal budget for 2018-19. The state-run Airports Authority of India currently operates 124 airports. There are 6 additional privately run airports. The surge

Budget 2018: Free LPG connections to 80 mn women below poverty line

Finance Minister Arun Jaitley presented the Union Budget of 2018 on Thursday. The government proposed to increase the target of providing free LPG connections to 80 million women living below the poverty line. “Ujjawala Yojana target is being extended to eight crore women living below the poverty line. It was earlier at five crore. The

Budget 2018: Solar industry seeks clarity, relief in safeguard duty

Budget 2018: Concerned over future of the sunrise industry which is facing threat due to the proposed imposition of 70 per cent safeguard duty on import of solar power equipment, sector experts are expecting some breather from the Union Budget 2018-19. Industry experts believe that the imposition will not only increase the tariff by almost

Government allocates Rs 5.97 lakh crore for infra spending in 2018-19

Terming infrastructure as growth driver of the economy, Finance Minister Arun Jaitley today announced an allocation of Rs 5.97 lakh crore for 2018-19 for infra spending, up by over Rs 1 lakh crore from the ongoing fiscal. Presenting the Union Budget 2018-19 in Parliament, Jaitley said the priority accorded to the sector was evident from

Oil rises as OPEC compliance eclipses boom in US output

Oil rose on Thursday after a survey showed OPEC’s commitment to its supply cuts remains in place, even as U. S. production topped 10 million barrels per day for the first time since 1970. Brent April crude futures were up 49 cents on the day at $69.38 a barrel by 0946 GMT, while NYMEX crude

Coal glare on BJP MLA

Guwahati: The Krishak Mukti Sangram Samiti (KMSS) on Wednesday alleged that the BJP-led government in Assam was not taking action against “coal syndicate” as Bhaskar Sharma, the party’s MLA from Margherita in Upper Assam, is involved in an illegal business.

Cracks on kutcha road

Dhanbad: Two cracks measuring more than 10-feet-wide and 1-foot-deep have opened up on a kutcha road in the underground coal fire-hit Liloripathra locality under Jharia thana area, around 12km from the district headquarters, in the small hours of Wednesday prompting the district administration to barricade the site and begin filling it up sand and soil