The commerce ministry will announce rules to simplify and rationalize procedures to revive special economic zones, hoping to draw investors to these enclaves once touted as centres of export excellence.  The changes, which will be notified in a week, could include a reduction the minimum-area requirement, easier vacancy and contiguity norms and allowing multi-product SEZs in sector-specific zones.  "There will be reforms and changes in policies pertaining to SEZs mainly to simplify...

The National Bank for Agriculture & Rural Development, or Nabard, has started lending directly to infrastructure projects out of its own resources for the first time in 30 years, in an attempt to diversify its activities and make itself relevant at a time when the dynamics of the rural market are changing.  Essentially a refinance bank till recently, Nabard has created a Rs 1,000-crore special window for lending to build core...

Chief Justice of India SH Kapadia has asked the government to take "appropriate action" against at least 20 members of the country's top income tax tribunal who are on the CBI's radar for having allegedly 'outsourced' writing of judgments to private parties. Justice Kapadia is understood to have conveyed his displeasure to law minister Salman Khurshid over inaction on the issue since 2008, HT has learnt. Khurshid met the CJI earlier...

A surprise visit to Malda district hospital turned out to be a shock for child and women welfare minister Sabitri Mitra on Sunday. "Only God can help us," she cried, after seeing two babies die before her eyes. Mitra spent nearly an hour at the hospital shooing cats from the maternity ward and trying to make sense of the chaos. The beds - and floors - were overflowing with patients. There...

Mahuwara Khurd (Azamgarh), (IANS): He can't walk without support but that hasn't stopped Amarnath Rajbhar from helping others stand on their own feet. The physically challenged man has set a milestone in the field of education in this Uttar Pradesh village by running a school for poor children.  The 45-year-old man lost his left leg in 1973 while practising long jump at the age of 10. Today, the 11th-pass runs a...