Day: March 27, 2018

India Becomes Fourth Largest Auto Market In The World

India overtaken Germany to become the fourth largest automobile market in the world, According to the latest global data. Automobile sales, including passenger and commercial vehicles, in Asia’s third-largest economy, grew 9.5%. It is the fastest among major global markets, last year to more than 4 million units, outpacing Germany’s 3.8-million vehicle sales, which rose by a modest 2.8% in the same period. The top 5 countries on the list are- 1. China 2. USA 3. Japan 4. India 5....

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World’s Oldest City Varanasi Goes Wireless

Eighty-six years after the city got electricity, overhead power cables in world’s oldest city ‘Varanasi ‘ is being dismantled after a project to lay underground lines over 16 sq-km has been finally completed. Laying cables for 50,000 consumers through the serpentine lanes and congested markets in one of the world’s oldest cities was quite a challenge for Powergrid, the company conducting the integrated power development scheme (IPDS)...

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AAI Signs MoU With Assam Government

The Airport Authority of India (AAI) signed an MoU with Assam government under its Corporate Social Responsibilities (CSR) initiative for the sustainable development of human settlements at villages in Kamrup district. AAI would provide financial assistance under its CSR initiative of 4.58 crore Rupees for the Kamrup district as per the estimates prepared by the UNDP to improve the resilience of communities around Guwahati...

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Union Government Guarantee For IRFC Bonds

The Ministry of Finance has approved a proposal to provide government guarantee of Rs5,000 crore in the current financial year for Indian Railway Finance Corporation (IRFC) bonds to be subscribed by Life Insurance Corporation (LIC). The guarantee fee for the amount has also been waived by the Ministry. The decision will ease the flow of borrowed funds for Ministry of Railways to undertake...

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