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New Delhi: The government Monday approved the Motor Vehicle (Amendment) Bill that proposes hefty penalties for violation of traffic norms including up to Rs 10,000 fine for not providing way to emergency vehicles and Rs 10,000 for driving despite disqualification, an official source said. The...

New Delhi: The Reserve Bank of India (RBI) panel deciding on norms for transfer of the central bank’s surplus funds to the government has further delayed submitting its report, an official said Monday. As the differences continue among the RBI Economic Framework Capital (ECF) panel...

Bangalore: Binny Bansal, the co-founder of India’s leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76.4 million (Rs 531 crore) to world’s retail giant Walmart’s Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc said Monday. “Walmart increased its equity...

Bhubaneswar: A workshop-cum-training on awareness-cum-skill development for management of a newly detected pest was organised at Krushi Bhawan in Bhubaneswar Monday. The workshop was organised by state Agriculture and Farmer Empowerment department in association with Central Integrated Pest Management Centre, Bhubaneswar. At the workshop, agriculture...

Bhubaneswar: The state government Monday named Dasarathi Satpathy as secretary of the legislative Assembly. Satpathy, an Odisha Administrative Service officer of 2005 batch, was appointed to the post in a reshuffle, June 21. The post was lying vacant after the retirement of Amiya Kumar Sarangi...

New Delhi: Regulator Irdai has asked general insurance companies to make available standalone annual Own Damage (OD) covers for both new and old cars and two-wheelers from September 1. Consequently, the issuance of bundled policies for cars and two-wheelers will not be compulsory from September...

New Delhi: Niti Aayog Sunday said that expert panel for macroeconomics and employment came out with suggestions to achieve $ 5-trillion economy target during an interaction with Prime Minister Narendra Modi. Modi Saturday had an interaction with economists and industry experts on India’s current economic...

Bhubaneswar: Chief Minister Naveen Patnaik Sunday said the Biju Janata Dal (BJD) government in state is ready to cooperate with the BJP-led government at the Centre for the greater interests of Odisha. Patnaik also made it clear that his government is ready to discuss various...

New Delhi: Anil Agarwal, the scrap metal dealer turned billionaire metals tycoon, has told Prime Minister Narendra Modi that the Centre should privatise five mining firms including NMDC to save some of the $ 400 billion that India spends annually on imports, saying the government...

New Delhi: With its plans on consolidation in the insurance sector hitting several hurdles, the government has started exploring different options including de-merging three of its big-size general insurance companies into smaller units and then look at strategic sale of few operations to the private...