India: 345 infra projects show cost overruns of Rs 3.28 lakh cr

New Delhi, Jul 21 (PTI) As many as 345 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.28 lakh crore owing to delays and other reasons, a report said.

"Total original cost of implementation of the 1453 projects was Rs 18,32,579.17 crore and their anticipated completion cost is likely to be Rs 21,61,313.18 crore, which reflects overall cost overruns of Rs 3,28,734.01 crore (17.94% of original cost), "the Ministry of Statistics and Programme Implementation's latest report for April 2019 said.

Indian Govt sweetens deal to attract bidders for Pawan Hans

New Delhi, Jul 21 (PTI) Having failed to privatise Pawan Hans last fiscal, the government has significantly diluted the terms of sale pertaining to employee retrenchment, asset sale and tax liability to attract bidders this time around, sources said.

As per the revised terms of sale proposed by the government, the successful bidder would be required to retain all permanent employees for a period of at least one year, as against two years stipulated earlier.

India: LIC offers Rs 1.25 lakh cr line of credit to fund highway projects

New Delhi, Jul 21 (PTI) As part of innovative modes of financing to meet India's huge infrastructure appetite, insurance giant LIC has agreed to offer Rs 1.25 lakh crore line of credit by 2024, to fund highway projects, Union Minister Nitin Gadkari said.

Keen on timely execution of the Rs 8.41 lakh crore ambitious Bharatmala project that aims to lay a grid of highways pan-India, the Road Transport and Highways Ministry has been looking to harness various sources of finances including pension and insurance funds.

Taslima Nasreen gets one-year Indian residence permit

New Delhi, Jul 21 (PTI) Controversial Bangladeshi author Taslima Nasreen's residence permit has been extended for one year by the Union Home Ministry, officials said on Sunday.

Taslima, a citizen of Sweden, has been getting residence permit on a continuous basis since 2004

A Home Ministry official told PTI that her residence permit has been further extended for one more year till July 2020.

India: Centre not imposing Hindi in Tamil Nadu: Sitharaman

Chennai, Jul 20 (PTI) Union Finance Minister Nirmala Sitharaman Saturday said the Union government was not making any attempts to impose Hindi in Tamil Nadu and was trying to promote Tamil as well.

Sitharaman's response to queries of reporters here came in the backdrop of state political parties protesting the conduct of recent Postal department exams in English and Hindi only.

India: Ex Delhi CM Sheila Dikshit passes away

New Delhi, Jul 20 (PTI) Three-time Delhi chief minister and Congress stalwart Sheila Dikshit, who gave the national capital its modern look, passed away Saturday afternoon at a private hospital here after suffering cardiac arrest.

She was 81.

Dikshit breathed her last at 3.55 pm at Fortis Escorts Heart Institute, doctors said.

India: Mukesh Ambani keeps salary capped at Rs 15 cr for 11 yr

New Delhi, Jul 20 (PTI) Richest Indian Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for the eleventh year on the trot.

Ambani has kept salary, perquisites, allowances and commission together at Rs 15 crore since 2008-09, forgoing over Rs 24 crore per annum.

This is at a time when remunerations of all whole-time directors of the company, including cousins Nikhil and Hital Meswani, saw a handsome increase in the fiscal year ended March 31, 2019.

India: Defamation complaint filed against TMC MP Mahua Moitra

New Delhi, Jul 19 (PTI) A criminal complaint was on Friday filed in a court here against Trinamool Congress MP Mahua Moitra by Zee Media Corporation Ltd, accusing her of defaming the news channel.

The complaint comes days after Moitra filed a defamation complaint against the news channel and its Editor-in-Chief Sudhir Chaudhary for alleging that her June 25 speech in Parliament on the 'seven signs of fascism' was plagiarized.

India: Governor cannot dictate Assembly proceedings: Karnataka CM

New Delhi, Jul 19 (PTI) Karnataka Chief Minister H D Kumaraswamy moved the Supreme Court Friday saying that Governor Vajubhai Vala cannot dictate to the Assembly the manner in which the debate on the confidence motion has to be taken up.

The Chief Minister questioned the deadlines set by the Governor one after another to complete the trust vote, and also sought clarification on the apex court's July 17 order which said that the 15 rebel MLAs cannot be compelled to attend the proceedings of the House.

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