Demonetization had no impact on Q3 results: Jha, Powergrid
Sairaj Iyer If results posted by Powergrid corporation are analysed, the country’s premiere power grid ‘central transmission utility (CTU), felt no impact due to demonetization that began on November 8, 2016. On the contrary, the ‘CTU’ has posted a 20% increase in net-profit for Q3 (Oct-Dec 2016) for Rs. 1,930 crore as against Rs. 1,606 crore (Q3 Oct-Dec 2015). At a press conference in Mumbai, IS Jha, the Chairman and Managing Director, appraised the results, highlighting the corporation stock’s financials, performance, and meeting of growth targets. He agreed there could be concerns in the public that demonetization-linked receivables could have impacted the cash-flow for monthly payments. He explained, “I maintain that our customers are nice to us, and are offering timely ...
US likely to make sale of Guardian drones to India: officials
PTI The US is likely to make a positive decision on India's request for state-of-the art unarmed Guardian drones for maritime surveillance, especially in the Indian Ocean. The move comes after India was designated a major defence partner of the US in June. Within weeks of that designation, after Prime Minister Narendra Modi met US President Barack Obama, at the White House in early June, the Indian Navy had sent an official letter of request (LoR) in February to Department of Defense towards purchase of 22 high-tech multi-mission Predator Guardian UAVs. This was the first major request of arms sale purchase by India after Obama designated New Delhi as a major Strategic Defence partner. The US government has not made a ...
Investment in science and tech to push agriculture, growth
The Dollar Business Bureau On Friday, US Ambassador to India Richard Verma met Union Agriculture Minister Radha Mohan Singh and discussed issues of mutual cooperation and ties to ensure world food security. The Agriculture Minister expressed interest in the technology used by the US for weather forecasting to improve preparedness as well as redressal of problems caused by natural calamities, said a PIB release. The two countries emphasised on transforming the structure of the cooperation vis-à-vis the current scenario, which needs changes in the agreement signed in 2010 in the agriculture and allied sectors. Both the countries agreed to focus on their cooperation in agriculture and take immediate steps for renewing the MoU signed in 2010 at the earliest. The two parties ...
Study recommends use of Drones to help small farmers
The Dollar Business Bureau A pitch for the deployment of technology in the Agriculture sector was made in a recent report by The Associated Chamber of Commerce & Industry’s (ASSOCHAM) report. The ASSOCHAM-Skymet paper made out a case for the technology intervention in solving the problems of small and marginal farmers. The paper referred to the government’s moves towards providing all-out support with advanced technologies and means which include the use of Drones and Unmanned Aerial Vehicles (UAV). “Drones are quickly moving from the battle field towards the farmer's field and are on the verge of helping growers oversee millions of acres, thereby saving big money for them in the process,” the paper noted. Raising concerns over the existing ...