Category Archives: Infrastructure/Property

INDIGO approached the high court against move to Terminal 2

NEWDELHI: IndiGo, India’s biggest airline by market share, approached the Delhi high court on November 4, challenging a Delhi International Airport Pvt. Ltd (DIAL) decision relating to shifting a part of the airline’s operations to a new terminal.

IndiGo, run by Interglobe Aviation Ltd, does not want to split its operations and move a part of them to the Indira Gandhi International (IGI) Airport’s newly opened Terminal 2 from Terminal 1. Continue reading

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Huge hike in borrowing limit for central govt employees

NEW DELHI: In a move set to give a boost to the housing sector, the government has revised the House Building Advance rules for central government employees, increasing by over three times the amount they can borrow from Continue reading

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India set to purchase  111 naval utility helicopters

NEWDELHI: India set to purchase  111 naval utility helicopters (NUHs) on Tuesday, with the defence ministry approving a ₹21,738-crore project to replace the Navy’s outdated fleet of French-designed Chetak choppers.

The government’s defence acquisition council (DAC), headed by defence minister Nirmala Sitharaman, has taken this decision at a time when the Navy is struggling to bridge capability gaps and a majority of its 140 war suppliers ships are operating without utility helicopters.

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India got high ranking on ease of business index

A number of policy reforms has helped India significantly improve its business climate, an annual World Bank index showed on Tuesday, burnishing Prime Minister Narendra Modi’s reformist credentials that could help him win big-ticket investments.

For the first time, India jumped a record 30 places to 100 in the Ease of Doing Business report for 2018, which is an influential 190 country barometer of competitiveness that many businesses likely consider for investment decisions. Continue reading

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Delhi Airport’s T2 will begin operations on Saturday

NEWDELHI: Delhi airport’s Terminal 2 will begin operations on Saturday, taking some pressure off the crowded Terminal 1. GoAir will be the first airline to shift operations to T2 from Saturday night.

Flight G8-148 from Ranchi will be the first to land at the terminal at 10.05pm Saturday while G8-207 leaving for Lucknow at 5.25am Sunday will be the first to depart. Continue reading

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12000 DDA flats for SALE

NEW DELHI: The much awaited ‘DDA housing scheme 2017’ offering 12,072 flats in the Capital was launched by Union urban development minister M Venkaiah Naidu on Friday.

Forms and brochures are now available at Vikas Sadan and can be bought from banks starting Saturday till August 11 for rs. 200. The draw of lots will be in the first week of November, 2017 and the possession of flats will start from last week of November to the successful bidders.

There are 87 three-bedroom high income group (HIG) flats, 404 two-bedroom middle income group (MIG) flats. The rest 11,197 are one-bedroom lower income group flats (LIG) flats and 384 janata flats. Continue reading

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