(LiveMint) India plans to reduce its stake in Indian Oil Corp. to below 51% while ensuring the government and state-run companies retain control of the nation’s largest oil refiner, people with knowledge of the matter said. Prime Minister Narendra Modi’s cabinet will consider, as early as next week, a proposal to sell shares in some companies, including Indian Oil, to below 51%, the people said, asking not to be identified as the plan is not public. India directly holds 51.5% in Indian Oil, and another 25.9% through state-run Life Insurance Corp. of India, and explorers Oil & Natural Gas Corp. and…
Author: Amit Bhanot
(PTI) The Supreme Court Thursday gave clean chit to the Modi government on the purchase of 36 fully loaded Rafale fighter jets from French company Dassault Aviation, rejecting the plea for registration of an FIR by the CBI for alleged commission of cognisable offence in the deal. The apex court dismissed the pleas seeking review of the December 14, 2018 verdict in which it had said that there was no occasion to doubt the decision-making process in the procurement of 36 Rafale fighter jets. The top court was not satisfied with the submission that it decided the disputed questions of facts in…
(PTI) Headline inflation is bound to rise further to 5 per cent for November, but despite the pinch in price rise, the Reserve Bank will go for two consecutive rate cuts on growth concerns, a report said on Thursday.The consumer price inflation fastened to 4.62 per cent for October in official data released on Wednesday, resulting in concerns over RBI’s rate stance, given that the central bank is mandated to keep the number at 4 per cent. GDP growth plummeted to a six-year low of 5 per cent for the June quarter and is expected to come lower for the…
(NDTV) Schools in Delhi and adjoining districts have been advised to remain shut for the next two days due to the spike in pollution levels. The Environment Pollution Prevention and Control Authority (EPCA) has also asked industries not running on clean fuels to remain closed till Friday. “Hot mix plants, stone crushers to be closed till morning of November 15, 2019 in all NCR (National Capital Region) districts,” the anti-pollution body said in a statement.”All coal and other fuel based industries, which have not shifted to natural gas or agro-residue (with exception to power-plants) to remain closed in Faridabad, Gurugram,…
(liveMint) Driven by elevated onion prices, India’s retail inflation picked up in October to 4.62% from 3.99% a month ago, crossing the 4% medium term target of the central bank for the first time since July 2018. A Bloomberg survey of 33 economists pegged retail inflation at 4.35% in October. Food inflation quickened to 7.89% in October from 5.11% a month ago. However, the rise in inflation is unlikely to deter the Reserve Bank of India from cutting policy rates in its December monetary policy review, with a set of macro-economic data pointing towards sharper than expected deceleration of the Indian economy. RBI has already…
(PTI) A three-day session of the Gujarat Legislative Assembly will be held between December 9 and 12, a minister said on Wednesday. A resolution regarding the Constitution Day, celebrated on November 26, will be passed during the sitting.Due to Lok Sabha elections held in April-May this year, the regular Budget session of the state Assembly was held in July instead of February which is the convention. “Since it’s mandatory to call the Assembly session within six months, the state government has decided to call a three-day-long session from December 9,” Minister of State for Legislative and Parliamentary Affairs Pradeepsinh Jadeja said…
Union Minister of Information and Broadcasting & Environment, Forest and Climate Change, Prakash Javadekar,assumed office today in the Ministryof Heavy Industries and Public Enterprises. The Minister was welcomed by Secretary, Department of Heavy Industry, Asha Ram Sihag, Secretary, Department of Public Enterprises, Sailesh, and senior officers of both Departments.
(PTI) Terming the Supreme Court verdict on the Babri Masjid-Ram Janmabhoomi title dispute case historic, Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday said it has paved the way for the construction of a grand Ram temple at the site which will symbolise peace. “The apex court verdict on Ayodhya is historic. Now a grand Ram temple as per people’s wishes will be built there symbolising peace and amity,” he told reporters on the sidelines of a programme at a university here. He said the settlement of one of the longest running cases by the five judge bench had strengthened…
(ET) The state government, under the Agra smart city project, has approved a plan to develop an electric bus depot on 6.67 acres of land at Runkata. Besides, the process for purchase of 100 battery-operated buses has been initiated. It has been proposed by the Agra- Mathura city transport service limited. According to the city transport service officials, development of depot is likely to start by the end of this year. Managing director of Agra-Mathura city transport service RBL Sharma said, “The plan to develop a modern electric bus depot at Runkata has been approved by the state government. The 6.67 acres of land on which…
(DJ) जम्मू-कश्मीर में एक बार फिर सोमवार सुबह होते ही सुरक्षा बल और आतंकवादी आमने-सामने थे। जानकारी मिली थी कि बांदीपोरा में सुरक्षाबलों और आतंकवादियों के बीच फायरिंग हो रही है। हालांकि, अब खबर मिली है कि इस ताजा मुठभेड़ में सुरक्षाबलों ने दो आतंकवादियों को मार गिराया है। इनसे हथियार और गोला-बारूद भी बरामद किए गए हैं। वहीं, कश्मीर जोन पुलिस ने बताया कि इन आतंकवादियों की पहचान की जा रही है। बता दें कि रविवार को उत्तरी कश्मीर के बांडीपोरा जिले के लडूरा क्षेत्र में सुरक्षाबलों और आतंकवादियों के बीच जारी मुठभेड़ में एक आतंकवादी ढेर हो गया था।…