India

I-League 2021 season likely to start on January 7

I-League is expected to kick off on January 7, 2021, Goal understands.  The competition was earlier scheduled to start after Christmas but after consultation with the West Bengal government, the start of the competition has been postponed to the first week of January.  This season, 11 teams will participate in the upcoming edition of the I-League. Sudeva FC and Mohammedan Sporting are the two new entrants. ...

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Navy to commission INS Kavaratti, an indigenously-built warfare stealth corvette tomorrow

Like its predecessors, the new corvette does not have air defence systems than the close-in weapons deployed onboard and the Navy is looking at getting a new Short Range Air Defence System. Indian Navy New Delhi: The last of four indigenously-built Anti-Submarine Warfare (ASW) stealth corvettes (warships), INS Kavaratti, will be commissioned into the Indian Navy in combat-ready status Thursday. The ...

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Arguments ‘sour grapes’, Kerala High Court dismisses state plea

A division bench comprising Justice K Vinod Chandran and Justice C S Dias issued the order observing that it is a policy decision of the Centre and cannot be interfered with. Kerala High Court KOCHI:  The  Kerala High Court on Monday dismissed the state government’s petition challenging the Centre’s decision to lease out the right of operation, management and development of ...

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Kerala HC dismisses petitions challenging the leasing out of Thiruvananthapuram airport

A batch of writ petitions challenging the leasing out of Thiruvananthapuram International Airport by Airport Authority of India was dismissed by the Division Bench of the Kerala High Court as it found that there was absolutely no valid ground to interfere in the proceedings that were challenged. The challenge in the petitions was against the privatisation, the declared policy of ...

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The uphill climb to liberalize coal

This March, in an attempt to boost domestic coal production and in order to restrict imports, the government allowed commercial mining operations—the mined coal can be sold anywhere and to anyone in the world India’s attempts to open up coal have been hit by scams, green law violations, and even covid-19. Will it take off?Muted demand for coal due to ...

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This Nobel-winning idea has failed India

Paul R. Milgrom and Robert B. Wilson, the winners of the 2020 Nobel prize in economic sciences | TT NEWS AGENCY / A. WIKLUND / VIA REUTERS Economists like to think of themselves as mathematicians — or, if feeling momentarily humbler, as physicists. This year’s winners of the Nobel Prize in economics, however, seem to conceive of themselves more as ...

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Tax authority calls global tender for excise duty stickers

As a stop-gap measure, the Inland Revenue Department has ordered Janak Education Material Centre to print nearly 100 million stickers. Nearly a year after the tax authority invited a global tender for excise duty stickers that landed in a legal dispute, the Inland Revenue Department has once again invited a global tender for the stickers. The department issued a tender ...

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Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over ₹60,000 cr write-off

Sources say the US-based Oaktree and Hong Kong-based SC Lowy submitted bids for DHFL on 17 Oct, the last date to submit final bids New Delhi: Adani Group and Piramal Enterprises are among the four entities that have placed bids for DHFL, the first financial services player undergoing insolvency process, according to sources. Besides, sources said, the US-based Oaktree and Hong Kong-based ...

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India prepares to confront China, foot soldiers to be equipped with modern weapons

New DelhiAmid increasing tension this year between India and China over the LAC of Ladakh, the Indian Army started procuring arms to strengthen itself. In fact, in the last decade, the Army is now moving strongly with its long roadmap for new assault rifles, short-quarter battle carbines and light machine guns. For a strong army of more than 1.2 million ...

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MCX calls bids for new trading and clearing software

Existing service provider 63 moons term ends in September 2022 Multi Commodity Exchange (MCX) has sought application from software companies to provide new trading and clearing software as the contract with the existing 63 moons (formerly Financial Technologies) comes to an end in September 2022. In the Request for Proposal issued on Saturday, MCX said bidders should provide an earnest ...

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Jet Airways lenders approve bid by Kalrock Capital consortium

Lenders to Jet Airways (India) Ltd approved on Saturday a resolution plan to revive the airline that was grounded one-and-a-half years ago. The Committee of Creditors cleared the plan submitted by the UK-based Kalrock Capital and the UAE-based entrepreneur Murari Lal Jalan, the airline said in a stock-exchange filing. Ashish Chhawchharia, Jet’s insolvency resolution professional, will now seek approval for ...

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Guaranteed return NPS products in the pipeline: PFRDA chief

New pension fund managers, higher fund management charges in the offing You could get an opportunity to buy guaranteed return products from the National Pension System (NPS) for building your retirement corpus. So far, the NPS has remained a market-linked pension scheme. But Pension Fund Regulatory Authority of India (PFRDA) chairman Supratim Bandyopadhyay on Thursday said that an assured return ...

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MCX invites proposals for New Derivatives platform

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, aims to implement a new advanced Commodity Derivatives Platform (CDP) for its trading and clearing related services. Apropos to that MCX invites proposals from interested bidders for supply, installation, implementation, training, and support, etc. of the derivatives platform. The details and the Request for Proposal (RFP) documents would ...

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Prasar Bharati Cuts Ties With PTI, Says it Will Invite Bids from ‘Domestic News Agencies’

The move, which comes in the wake of official resentment over the news agency’s independent coverage, will hurt PTI financially but not be a body blow. The Press Trust of India building on Parliament Street, New Delhi. New Delhi: After voicing its unhappiness over the Press Trust of India’s independent coverage for some time now, the government-owned broadcaster Prasar Bharati has ...

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Mistry-led SP Group alleges ‘serious misconduct’ in Tata Sons’ Parliament project bid: Report

SP Group noted that participation of both Tata Projects and Tata Consulting Engineers in the bidding process is a violation of the Central Vigilance Commission (CVC) rules The Mistry family held Shapoorji Pallonji Group (SP Group) has alleged “serious misconduct” in the bid process for the Parliament redevelopment project that was allotted to Tata Sons in September 2020. The Group has ...

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BHEL Floats Tender for the Supply of Modules for a 32 MW Solar Project in Africa

The last date to submit bids is October 26, 2020 Bharat Heavy Electricals Limited (BHEL) has floated a tender for the manufacture and supply of about 32 MW of crystalline photovoltaic (PV) solar modules. The modules would be exported to Djermaya in the African nation of Chad. The government enterprise said that an earnest money deposit (EMD) was not required ...

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Work begins on the Srinagar-Leh Zojila tunnel 15 years after the project was first conceived

Highways minister Nitin Gadkari initiated virtual ‘ceremonial blast’ of the tunnel Thursday. Once complete, it will provide year-round connectivity between Srinagar and Leh. Representational image. A file photo of the Zojila pass in Jammu and Kashmir. New Delhi: Fifteen years after it was first conceived, work on the strategically crucial 14.5-km Zojila tunnel, connecting Srinagar to Leh with an all-weather road, ...

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Covid-19 vaccines are coming: Are we adequately prepared?

Many vaccine challenges lie ahead that should be addressed now for an all-India vaccination plan to be rolled out smoothly, writes Montek Singh Ahluwalia As covid continues unabated, much hope is being placed on vaccines as key game changers. Things have indeed moved fast in this area. Instead of the 10 years that it normally takes to develop a vaccine, ...

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Boosting local industries: Government walks the talk

Finance Ministry issues new circular to all Govt. and State sector entities, listing preference to local manufacturers and suppliers when procurements contracts are awarded New procurement guidelines by far the most explicit and emphatic support to date by a government to local manufacturers and service providersThe move will help prevent the outflow of foreign exchange reserves, especially during crisis times but ...

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International bidders invited for desalination project

The plant at Perur along ECR is awaiting funds from World Bank Chennai metro water lorry image used for representational purposes only. CHENNAI: In four years, the city’s thirst will be successfully quenched as the Chennai Metro Water has invited international bidders to build a 400-MLD capacity seawater reverse osmosis desalination plant at Perur along the East Coast Road in ...

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