Spanish Talgo train is expected to start at 2.45 PM from New Delhi station on September 10 and scheduled to reach at Mumbai at 2.29 AM early morning next day, said a senior Railway Ministry official.
Facing criticism, the railways Thursday said that the decision to introduce dynamic surge pricing for premier train tickets has been done on an experimental basis and it will be reviewed after some time.
Under the Income Declaration Scheme 2016, which came into effect on June 1, one can come clean by paying tax, penalty and cess totalling 45 percent of the undisclosed income.
The government Thursday directed procurement agencies, including NAFED, to buy tur, urad and moong directly from farmers in all producing states for creating buffer stock to supply lentils at cheaper rates and ensuring support price for growers.
US President Barack Obama on Thursday expressed confidence that the Goods and Services Tax (GST), passed by the Indian parliament last month, will unleash significant economic activity.
The global economic slowdown witnessed in 2016 so far could not affect on India's employment market, according to a survey.
Faced with inordinate delay in closing down sick CPSEs, the government has come out with timelines for disposal of movable assets, sale of land and retrenchment of employees not opting for voluntary retirement.
India is expected to see net FDI inflows of USD 35 billion this financial year, which may fall short of the figure for 2015-16, says a Citigroup report.
The government has estimated that by the year 2020, India will need 1.5 billion tonnes of coal. But an IndiaSpend analysis of a recent report by Brookings India indicates that even by a generous estimate, the country`s need for coal will not exceed 1.2 billion tonnes over the next four years.
All you need to know about the new dynamic surge pricing system in Indian Railways.
The revised fares will not apply to tickets already issued in advance for journeys to commence on or after September 9.
Bullish on future prospects for the country's aviation space, the government today said it expects USD 6 billion investments in the airports sector and passenger numbers to see over 30 per cent growth in five years.
Committing to "many more reforms", a top finance ministry official today said implementation of the goods and services tax (GST) will bring small and medium enterprises (SMEs) into the national value chain.
The Railway Ministry plans to foray into radio broadcast to provide free onboard and customised entertainment across all trains in order to boost its advertising revenue.
Government is reviewing FTAs that India has signed with trading partners after the industry voiced concerns about benefits of these pacts for domestic players.
The overall punctuality rate of the railways has increased to 82.09 percent in August from 81.62 percent in the corresponding period last year.
The government had in July announced that it will pay its employees arrears arising out of implementation of the 7th Pay Commission award at one go in August salary.
Terming April 1, a very stiff target, Finance Minister Arun Jaitley on Wednesday said the government is "running against time" for the implementation of GST, but added that he would certainly like to give it a try.
India is on the path of becoming a "pivot" for high-tech world manufacturing even as global manufacturing growth is expected to remain low in 2016 due to weakened financial support for productive activities, a new UN report said.
The top economic policy priorities for the Indian government are to pass a planned Goods and Services Tax, to revive the banking sector and get stalled infrastructure projects moving, Finance Minister Arun Jaitley said on Wednesday.