The capital city will get states first compressed natural gas (CNG) stations at Chandrasekharpur and Patia to supply CNG to vehicles. Union petroleum minister Dharmendra Pradhan will inaugurate these stations and launch CNG-run scooters here on Saturday.It will come up under the project of City Gas Distribution (CGD) project implemented by the GAIL (India) Limited, a government-owned natural gas transmission company. Citys like Delhi, Mumbai, Bangalore and Chennai have these facilities before. ... Read More

The Federal Communications Commissions vote on Thursday to repeal its net neutrality rules marked the end of a brief experiment by the network regulator to rein in the tremendous power of Internet providers by treating them like the highly-regulated telecoms. Now, providers will be allowed to speed up some websites and block or slow down others so long as they disclose it to the public, and violations will largely be handled after the fact by the Federal Trade Commission, not the FCC. ... Read More

One obviously reads how social media and technology have the power to breed beliefs only qualifiable as post-truth. Rare have been occasions when I have witnessed this phenomenon first hand.The recent public outcry on deposits being at risk during a banks liquidation due to the proposed Financial Resolution and Deposit Insurance (FRDI) Bill is astounding What started as an op-ed in a newspaper blandly-titled Banking on legislation published a full three months after the FRDI Bill was tabled vigorously picked up steam courtesy a dramatically-worded WhatsApp cover note which termed the bail-in c ... Read More

The government will boost spending on building infrastructure next year even as it continues to strengthen state-run banks, widen the tax base and rationalize taxes, said finance minister Arun Jaitley.It will also continue to push through structural reforms, Jaitley said on Thursday at the annual meeting of lobby group Federation of Indian Chambers of Commerce and Industry.The finance ministers comments come weeks before the Union budget will be presented on 1 February, the last full budget by the National Democratic Alliance government before general elections in 2019. On Wednesday, Prime M ... Read More

A group of 70 World Trade Organization countries pledged on Wednesday to work toward new electronic commerce trade rules that promote open and predictable regulations, joining the initiative as a broader WTO agreement failed.The WTOs 164 members were unable to consolidate some 25 separate e-commerce proposals at the bodys biennial conference which ended Wednesday, including a call to set up a central ecommerce negotiating forum.The smaller group pledging to work toward new WTO ecommerce rules includes the European Union, Japan, Canada, Brazil, South Korea, Russia and other major and emerging e ... Read More

The gains in the domestic stock markets were broad-based with all the BSE sectoral indices trading in the green. The rally was led by banking and metal stocks. HDFC Bank, Vedanta, Tata Steel and Hindalco were among the top gainers in Nifty, rising 15 per cent to 2 per cent.Sanjiv Bhasin, EVP-Markets Corp Affairs, IIFL, said some worries on the macro front could put a cap on the upside. On the downside, the Nifty has support at 10,000 levels and the index may trade in the 10,000-10,400 range in the near term. Rising inflation amid a spike in global crude oil prices has been a worry for some an ... Read More