New Delhi

Revised concession pact for PPP projects at ports gets cabinet nod

In an attempt to spur private investment in the port sector, the government has cleared changes in the PPP (public-private partnership) framework allowing developers to exit a project after two years of commercial operation. The revenue sharing provisions have also been relaxed to make the sector more investor-friendly. The move, seen as a big po­sitive for the sector, will allow developers to monetise assets by diluting stake in projects. It will bring new cl­a­ss of investors such as pension and sovereign funds.

RS nominees: AAP war in open as Kejriwal sides with outsiders

With the Aam Aadmi Party on Wednesday nominating senior party leader Sanjay Singh and two little-known faces, a Delhi-based businessman with past links with the Congress and a veteran chartered accountant, as its Rajya Sabha nominees ignoring senior party leader Kumar Vishwas, the rifts in the party were out in the open.

H-1B visa changes will hit US too: Nasscom

Any disruptive move on the visa front will be detrimental for both India and the US, with reports suggesting that Washington may be mulling new rules to prevent H-1B visa extensions, software body Nasscom has said.

Zojila Pass tunnel project gets green light

The Narendra Modi-led cabinet on Wednesday approved the construction of Asia’s longest bi-directional Zojila Pass tunnel at an estimated cost of Rs 6,089 crore, which will reduce the travel time between Srinagar and Leh to 15 minutes from the current 3.5 hours.

The cabinet committee on economic affairs gave its go-ahead to the 14.2-km-long tunnel project in Jammu and Kashmir to provide all-weather connectivity between Srinagar, Kargil and Leh, which remains cut-off from the rest of the country during winters due to heavy snowfall.

Pilot couple fights mid air, he slaps her

A Jet Airways flight with 324 passengers on board found itself in a bizarre situation on New Year. The captain and his co-pilot had a violent argument and at one point, he hit her and she left the cockpit, sources in the top regulatory body, Director General of Civil Aviation, said. The two have been grounded by the airline, and the pilot’s license has been cancelled, the sources said.

Pak replaces dollar with yuan for bilateral trade with China

Strengthening its strategic and now financial relationship with China, Pakistan’s external relations department has taken a monumental decision.

Pakistan’s central bank has allowed the Chinese yuan to be used for bilateral trade and investment activities, a move which could replace the US dollar for transactions in the strategic China Pakistan Economic Corridor (CPEC) projects.

Battle for control of south

The BJP’s victory march will be incomplete without conquering the south. The only southern state where the party stands a real chance of forming the government on its own is Karnataka where elections are to be held in another four months.

Unlike other states, the Congress looks to be in a good position to give a tough fight to the BJP which is looking to come back to power in Karnataka – it had lost the 2013 assembly polls. A pre-poll survey held six months ago predicted victory for the Congress but the latest round of opinion polls give the BJP an edge.

Bihar urges Centre to sort out issues before e-way bill rollout

The Bihar government has urged the Centre to sort out all issues around the e-way bill, before rolling out the digital system aimed at containing tax evasion in the new indirect tax regime. The move comes weeks after the all-powerful GST Council decided to introduce the electronic-way or e-way bill for movement of goods.

The Bihar government has asked for a 24-hour troubleshooting mechanism and setting up a helpdesk to address issues that could crop up in the midst of implementing the e-way bill.

Budget relief likely on property investment and rental income

If you are a homeowner get ready for a slew of goodies when the Union budget is presented this year.

On that day, finance minister Arun Jaitley may be preparing a Union Budget to lower your interest burden on home loans, while nudging you to buy a second home or first home where your rental earnings would see higher deductions from taxes. The budget this year may provide relief on property investments.

Doval’s wings clipped, Khanna is deputy NSA

Rajinder Khanna, former chief of the country’s external intelligence agency RAW, was on Tuesday appointed as deputy national security adv­iser (NSA), according to an official order.