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Transport vehicle drivers, staff to get coverage under ‘third party’ insurance policy

The drivers and staff of all vehicles classified as 'transport' will be brought under the definition of 'third party' in third party insurance policies, the finance ministry said today.This will cover buses, vans and other commercial transport vehicles and will be implemented through the upcoming amendment to theMotor Vehicles Act.At present,

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Lopinavir syrup for children with HIV now available across India – Govt

Minister of health and family welfare Anupriya Patel said Lopinavir syrup, the life-saving drug given to infants and toddlers with HIV has been restocked by the National Aids Control Organization."NACO has done an emergency procurement from a registered manufacturer -- McNeil and Argus. The drug has already been supplied and

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SBI’s new minimum balance rule leaves OBC, UCO and PSB as only ‘free’ banks in India

With the country's largest bank, State Bank of India, refusing to rollback service charges for customers who do not maintain a minimum balance in their accounts, only Oriental Bank of Commerce, UCO Bank and Punjab & Sind Bank remain as 'free' providers of savings bank services, according to an analysis

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PNB, Corp Bank most aggressive in going after big debtors; SBI, BoB more relaxed

Punjab National Bank, the third largest public sector bank in India, and smaller cousin Corporation Bank can teach bigger siblings like State Bank of India and Bank of Baroda a thing or two about going after big loan defaulters, an analysis of Reserve Bank of India data shows.In the last four

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Govt not to supply LNG to stranded gas power projects from next month

The government is not planning to extend the two-year-old scheme to supply subsidized, imported natural gas to stranded gas power projects when it expires this month, according to a senior power ministry official."We got a representation from the association of power producers requesting us to extend the scheme," said the official

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Airtel buys high-capacity 4G spectrum from Tikona in five circles

Bharti Airtel said it has agreed to buy 4G spectrum from Tikona Digital Networks in five telecom circles, giving the company a pan-India footprint in the crucial capacity band and helping it compete on an even footing with Reliance Jio.Airtel plans to roll-out high speed 4G services on the newly

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Reliance Jio to lose over half of its subscribers by the month-end – CyberMedia Research

Even as some brokerages are predicting that Reliance Jio will manage to carry over 80% or more of its subscribers when it starts charging for its services at the end of this month, CyberMedia Research said it sees 55-60% of existing connections getting abandoned.Jio is estimated to have 105-110 mln

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DoT lifts freeze over BSNL’s 2016 JE exam, document verification starts

The Department of Telecom has lifted its freeze over the recruitment of 2,700 junior engineers into Bharat Sanchar Nigam Ltd, India's state-owned telecom operator.The results of the recruitment exam, conducted in September last year, were put on hold in December after the Department of Telecom received complaints about the conduct of

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Gujarat Infrastructure Development Board joins Mumbai-Ahmedabad High Speed Rail Corp

National High Speed Rail Corporation Ltd, which is setting up the Rs 1 lakh cr Mumbai-Ahmedabad high-speed rail service, has brought on Gujarat Infrastructure Development Board (GIDB) as key partner for the project.GIDB -- which is also involved in the prestigious GIFT City project -- will also pump in equity into

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Ookla explains in detail why Jio’s fears on speedtest results are misplaced

Some may call it a storm in a tea cup, but the Ookla-Jio-Airtel controversy has turned out to be a one with an unexpectedly long life.After coming up with a half-hearted defence two days ago, Ookla -- the provider of the world's most popular mobile and broadband speed testing service

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Can’t block imports of cheap chinese solar panels – Nirmala Seetharaman

The government of India said it cannot seek to slow down imports of solar power generation equipment from China as it has to watch out for the interests of Indian consumers as much as those of Indian industrialists.Responding to questions from the opposition in Lok Sabha on why India was not taking

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