Free Press Journal
  • FDI policy rules out AI’s stake sale to foreign firm

    New Delhi : The government’s new foreign direct investment (FDI) policy suggests that foreign airlines may not be allowed to buy a stake in the national carrier Air India. In the “Consolidated FDI Policy” released by the Ministry of Commerce and Industry on Monday, the sub-section which allows foreign airlines to invest up to 49 per cent paid-up capital of domestic passenger carriers is not applicable in the case of Air India. 

  • Infant deaths: NHRC notice to Jharkhand

    New Delhi : The National Human Rights Commission has issued notice to the Jharkhand government on the reported deaths of 52 infants in 30 days at Jamshedpur’s Mahatma Gandhi Memorial Medical College, an official statement said on Monday.

  • Banks to sell 51 per cent stake in Jindal power plant

    New Delhi : A consortium of lenders led by State Bank of India has invited bids to sell 51 per cent stake in Jindal India Thermal Power Ltd (JITPL) located in Odisha. JITPL, a B C Jindal group company, was formed in 2001 as a special purpose vehicle for development of coal based thermal plant located in Angul district of Odisha. As on June 30, 2017, the consortium of 17 lenders had

  • Focus on reducing poverty than inequality: Niti

    New Delhi : Poverty reduction should take precedence over reducing inequality in India, outgoing Niti Aayog Vice Chairman Arvind Panagariya said Monday, while underlining that the country needs to focus much more on providing equality of opportunities, health and education. There can be potentially serious conflict between

  • Govt plans strategic road in Ladakh

    NEW DELHI: Home Minister Rajnath Singh on Monday discussed various infrastructure projects in border areas, including a strategic road in Ladakh, officials said.

  • Home buyers at par with lenders: SBI

    New Delhi : India’s largest bank SBI Monday said that rights of home buyers cannot be denied and they should be treated at par with the lenders under the insolvency and bankruptcy law. Addressing a NAREDCO’s realty conference, SBI’s Managing Director (National Banking Group) Rajnish Kumar said the risk of banks and home buyers have reduced after the implementation of new real estate law RERA from May this year. He advised home

  • Dengue cases touch 950 in Delhi

    NEW DELHI: Nearly 290 cases of dengue were reported in the national capital over the last week taking the total number of people affected by the disease to 945 this season, according to a municipal report released on Monday.

  • Restaurant sector to grow aggressively in India on higher middle-class spending

    New Delhi : India’s restaurant sector, currently pegged at Rs 3,09,110 crore ($48 billion) and growing at a CAGR of 10 per cent to Rs 4,98,130 crore by 2021 as tier-2-3 regions are set to drive growth, the two-day Indian Restaurant Congress 2017 that opened here on Monday, was told. Apart from Indian cuisine, Indian filter coffee is also making a comeback with pan-India growth plans as the Coffee Board of India

  • TMC, BJP indulging in competitive communalism: CPM

    Kolkata : CPI(M) general secretary Sitaram Yechury on Monday accused the Trinamool Congress and the BJP of indulging in “competitive communalism” in order to reap political benefits through communal polarisation.