(PTI) State Bank of India (SBI) and Indian Oil Corporation (IOC) launched a co-branded contactless RuPay debit card. A customer, anywhere in the country, can get the card by visiting the SBI’s home branch, the bank said in a release. It is a contactless card and transactions up to Rs 5,000 can be paid for with just a tap. “We believe this co-branded card, with ‘tap and pay’ technology, several attractive benefits and associated offers, would…provide a rewarding experience on purchase of fuel to the cardholders,” the bank’s Chairman Dinesh Kumar Khara said. The card will also simplify the everyday purchases of customers with secure and convenient contactless payments,…
Author: Amit Bhanot
(HT) The Union government, which is planning a major policy push to raise the share of natural gas in India’s energy mix from the current level of 6.2% to 15% by 2030, is considering a proposal to bring natural gas within the ambit of the Goods and Services Tax (GST) — a move that will make it cheaper for both industrial and domestic use, two officials aware of the matter said. Petroleum secretary Tarun Kapoor confirmed the development. “There is a demand from the industry [to impose GST on natural gas], which is also supported by the MoPNG. But, then…
(ET) The government is aiming to ensure E-20 vehicles running on fuel blended with 20% ethanol enter the market by 2025, sources said. Cabinet secretary Rajiv Gauba took a review meeting with half a dozen ministries on the roadmap for ethanol fuelled vehicles in India, just a day after the government announced plans to accelerate ethanol production. Sources said to push the move towards production, the government has also set up a committee of three Union ministers comprising Nitin Gadkari, Dharmendra Pradhan and Piyush Goyal. Officials said while manufacturing of ethanol-fuelled vehicles is no more a challenge considering that many other countries have them, getting enough ethanol remains the key…
Prime Minister Shri Narendra Modi will inaugurate Bengaluru Tech Summit, 2020 on 19th November at 11:00 AM via video conferencing. The Bengaluru Tech Summit is scheduled from 19th to 21st November, 2020. The summit is organised by the Government of Karnataka along with Karnataka Innovation and Technology Society (KITS), Karnataka government’s Vision Group on Information Technology, Biotechnology & StartUp, Software Technology Parks of India (STPI) and MM Activ Sci-Tech Communications. The Bengaluru Tech Summit will see participation of H.E. Mr. Scott Morrison, Prime Minister of Australia, H.E. Mr. Guy Parmelin, Vice President of the Swiss Confederation and many other prominent international…
(FE) India’s top oil and gas producer ONGC on Tuesday said its capital expenditure during the current fiscal is likely to be close to the Rs 32,500-crore target as it is doubling efforts to make up for the time lost due to the pandemic. At an investor call, Oil and Natural Gas Corp (ONGC) Director (Finance) Subhash Kumar said the COVID-19 outbreak and the global restrictions that followed had disrupted the supply chain, hitting its project implementation. Oil and gas exploration and production projects are highly dependent on foreign vendors for the supply of equipment and services. Also, some facilities like rigs are…
(AU) राज्य सरकार ने छठ पर्व के मौके पर कोविड संक्रमण के प्रभाव को न्यूनतम बनाए रखने के लिए दिशा निर्देश जारी किए हैं। मातहत अधिकारियों को भेजे गए निर्देशों का सख्ती के साथ पालन किए जाने की ताकीद की गई है। अपर मुख्य सचिव गृह अवनीश कुमार अवस्थी ने सरकार की तरफ से निर्देश जारी करते हुए कहा है कि पूजन स्थलों पर सोशल डिस्टेंसिंग का पालन किए जाने, सभी कार्यक्रमों में दो गज की दूरी व मास्क का प्रयोग अनिवार्य रूप से किया जाए। उन्होंने कहा है कि किसी प्रकार के कार्यक्रम के आयोजन के दौरान सोशल डिस्टेंसिंग के…
(ET) India’s Coal Minister Pralhad Joshi said on Wednesday the units of Coal India Ltd should be allowed to independently set fuel prices in a bid to increase competition and reduce the price of coal in the country. State-run Coal India, the world’s largest coal mining company by output, has seven units and accounts for more than four fifths of domestic production. It sets the price of various grades of coal in India after consultation with stakeholders. “We agree that coal subsidiaries should discover their coal price independently so that there is competition and efficiency is driven,” Joshi said in a statement.
(ET) In a big push to solar power, the state cabinet on Tuesday approved a pilot project in which solar tubewells will be installed for community use by farmers. The Community Mini Green Tubewell Scheme, under private minor irrigation, will entail a solar-powered tubewell being installed for groups of small and marginal farmers. A group will have a minimum of 10 members. As per the proposal, the pilot project will continue for a year after which it will be assessed. For 2020-21, a budget of Rs 6 crore has been approved for setting up 179 tubewells. The cost of one tubewell is estimated at…
(DJ) केंद्रीय मंत्री स्मृति ईरानी ने बुधवार को कहा कि प्रधानमंत्री मुद्रा योजना के तहत देश भर की 15 करोड़ महिलाओं को गारंटीमुक्त ऋण प्राप्त हुआ है। महिला एवं बाल विकास और कपड़ा मंत्री ने यह भी कहा कि छह लाख से अधिक महिलाओं के लिये व्यक्तिगत सुरक्षा परिधान (पीपीई) के निर्माण में रोजगार के अवसर उत्पन्न हुए हैं। इस क्षेत्र में अप्रैल के बाद से 1,100 से अधिक कंपनियां आयी हैं। ईरानी ने उद्योग संगठन फिक्की के द्वारा आयोजित एक वेबिनार को संबोधित करते हुए कहा कि महिला हेल्पलाइन के माध्यम से सरकार पिछले एक साल में 50 लाख…
(PTI) Public sector oil companies such as IOC and ONGC will launch a portal to provide information on their capital goods requirements to domestic industry in line with the government’s Aatmanirbhar Bharat campaign. The portal “aims to highlight the capital goods requirement of oil and gas majors besides the items related to maintenance, repair, and overhaul (MRO),” an Indian Oil Corp (IOC) press release said here. It will provide opportunities to new entrepreneurs and existing manufacturers to invest and expand their manufacturing base in India. “This portal shall also provide real-time data, along with visual indicators in the form of graphs and charts, to…