ITPO invites bids from hotels with Rs 350 crore plus turnover

Submitted by webmaster on Sun, 12/16/2018 - 13:00

NEW DELHI: India Trade Promotion Organisation (ITPO) has invited bids to build and operate a five-star luxury hotel property in the capital’s Pragati Maidan, where an integrated exhibition-cum-convention centre is being built. A proposal has been floated for leasing out 3.7 acres inside Pragati Maidan to “develop, construct, operate and manage a hotel property.”The reserve price of the hotel is Rs 611 crore and the final price of the project would be discovered after an e-auction. Only hotel developers with turnover of over Rs 350 crore are eligible to bid.

India postpones levying retaliatory tariffs on US goods

Submitted by webmaster on Sun, 12/16/2018 - 13:06

New Delhi: India has deferred imposing higher duties worth $235 million on 29 American goods to January 31, 2019.The retaliatory tariffs were scheduled to come into effect on December 17 and have been postponed for the fourth time.“…the central government, being satisfied that it is necessary in the public interest to do so,” the government said in a notification on Saturday.The new deadline comes just before US Commerce Secretary Wilbur Ross’ India visit in February for the US-India Commercial Dialogue and the US-India CEO forum.The extension coincides with the US and China’s 90-day truce

This may have won RaGa the 2018 polls

Submitted by webmaster on Sun, 12/16/2018 - 12:52

There is much that can be gleaned from the pictures Rahul Gandhi posted on social media after the selection of each chief minister in the three states Congress won last week. But the unstated-yet-obvious message is about his own positioning—the one who’s holding things together. This is a far cry from the time Gandhi rebelled against his own government and tore up an ordinance his party leadership and the Union Cabinet had endorsed.

Why Google is the new target for activists

Submitted by webmaster on Sun, 12/16/2018 - 12:36

When Vanessa Harris started working at Google, she didn’t think the company would ever be the subject of human rights protests.

A Modi govt's plan is threatening its own Make in India push

Submitted by webmaster on Sun, 12/16/2018 - 12:34

NEW DELHI: A group of handset vendors has warned the government that any move to allow companies to sell devices made in special economic zones (SEZ) at zero duty rate in the domestic market would jeopardise $2 billion in proposed investments under a plan to encourage local manufacturing.Such a move would be “without any substantial value addition” and would also kill the 268 factories set up in the phased manufacturing plan (PMP), Pankaj Mohindroo, president of the Indian Cellular & Electronics Association (ICEA), said in a letter to finance minister Arun Jaitley and IT minister Ravi S

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