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Written by Avinash Nair, Updated: August 9, 2018 7:15:20 am In the first-ever e-auctions for granite blocks in Gujarat, a real-estate developer from Ahmedabad and a businessman from Palanpur were among the winning bidders for the 10 granite blocks in Mehsana district. The auction for phase-I of granite blocks that closed on Wednesday evening not only sprung up new entrants in the mining sector, like the Ahmedabad-based Safal Constructions Pvt Ltd and Palanpur-based Arun Digital Corporation, but also saw the state government mop up royalty amounting to an estimated Rs 696 crore during the 30-year-lease period. “This is more than double the amount of royalty collected before e-auctions were introduced. The previous allotment regime had no concept of premium and the additional income now is due to the premium quoted by the bidder,” said Roopwant Singh, Commissioner of Geology and Mining department, Government of Gujarat. Among all the successful bidders, Safal Constructi...

BBC News Reuters July 06, 2018 China has hit back after US tariffs on Chinese goods came into effect and President Donald Trump threatened to impose more. China's commerce ministry said it had lodged a new complaint with the World Trade Organization (WTO). Meanwhile, Russia has announced extra duties on US imports in retaliation for earlier US steel tariffs. Beijing has accused the US of starting the "largest trade war in economic history". Charting the US-China trade battle How a US-China trade war could hurt us all Trade row: What has happened so far? What tariffs are now in effect? US tariffs on $34bn (£25.7bn) of Chinese goods came into effect on Friday. China retaliated by imposing a similar 25% tariff on 545 US products - including cars, soya beans and lobsters - also worth a total of $34bn. Russia is introducing extra duties on a range of products imported from the US that can be replaced by locally made equivalents. They include road-b...

 ET ONLINE | JAN 27, 2018 Just after Prime Minister Narendra Modi showcased a democratic and developing India to the global leaders at the annual meet of World Economic Forum at Davos in Switzerland, India's former RBI governor Raghuram Rajan punctured Modi's India pitch.  Modi said,"In India, 'Democracy, Demography and Dynamism' together are shaping the country's destiny and leading it towards the path of Devepolment." He also said, "Our Mantra is 'Reform, Perform And Transform."  However, Rajan did not agree. Speaking to ET Now, he doubted if the way the Modi government was functioning was really democratic. He said only a small clique was making all the decisions while bureaucrats were sidelined.  Talking of stalled infrastructure projects, Rajan said there was the need for political focus on implementation. "I worry that we are not getting decisions taken by the bureaucracy. Mr Jaitley has talked time and again abou...