(LiveMint) Continuing efforts to increase credit disbursement, Finance Minister Nirmala Sitharaman will meet the heads of public sector banks (PSBs) today to take stock of recent steps taken by the government, including the first phase of the ‘outreach programme’ across over 200 districts during the festive season, a senior government official told Mint. It is learnt that the minister is expected to review the progress of the partial guarantee scheme to the Non-Banking Financial Company (NBFCs), and other decisions pertaining to Micro, Small and Medium Enterprises (MSMEs) announced less than a month ago. Meeting top officials of PSBs on September 19, Sitharaman had…
Author: Amit Bhanot
(PTI) North East India’s largest refiner Numaligarh Refinery Ltd on Sunday said it will pump in over Rs 60 crore in various developmental projects under its corporate social responsibility (CSR) activities during 2019- 20. Of the total spending under the CSR head, the miniratna PSU in Assam’s Golaghat district has earmarked 60 per cent funds for school education, health and nutrition programmes. “In 2019-20, our CSR budget is Rs 62 crore. In this fiscal, a few aspirational districts are under consideration for undertaking developmental activities apart from other programmes,” NRL Managing Director S K Barua told here.The developmental programmes in these aspirational…
(ET) State-run Indian Oil Corp (IOC) is developing batteries based on indigenous metals to forestall dependence on lithium imports once electric vehicles (EVs) and renewable energy projects take off in a big way. IOC chairman Sanjiv Singh told that the metal-air batteries will produce energy by oxidising metals such as iron, zinc and aluminium. These batteries cannot be recharged but motorists can replace plates to power them almost instantly, making it much more convenient for users and eliminating the need for charging infrastructure, he said. “A customer is not concerned how we make petrol if he can buy it wherever…
(PTI) Prime Minister Narendra Modi is believed to have cancelled a brainstorming meeting with global oil and gas experts and CEOs, which was slated for October 14, over scheduling issues, sources said. The fourth annual meeting that coincides with the CERAWeek – the world’s premier energy event – was scheduled for Monday afternoon but was cancelled due to the Prime Minister’s engagements, they said. The meets, held under the aegis of Niti Aayog, have been a sounding board for the government to reorient policies to attract the illusive investment in finding new oil and gas reserves and bringing them to production so…
(ET) Engineering and construction major L&T on Thursday said it has won contracts worth up to Rs 2,500 crore from domestic and international markets. The construction arm of L&T has won contracts for 400kV transmission line in Mozambique and for 220kV project in the UAE. “In the Republic of Mozambique, the (construction) business has secured an order for engineering, procurement and construction of a 400kV overhead transmission line between the towns of Chimuara and Alto Molocue in Zambezia Province,” L&T said in a statement. This link is a part of the Islamic Development Bank-funded Chimuara – Nacala Transmission Project. “In the UAE, the business has secured an…
(ET) With zero-tolerance against corruption, the Power Department in Uttar Pradesh has ordered a special audit of the e-tenders in Bahraich, Balrampur, Shravasti and Gonda. Based on the audit reports of these districts, inquiries will also be ordered into e-tenders of other districts to ensure transparency in working. In order to ensure that inquiry in these cases of corruption is completed without any delay and strict action is taken against those found guilty, the department has done constant follow-up at the higher level as well. The Uttar Pradesh Power Corporation Limited (UPPCL) has a vigilance unit working under an Additional Director General of Police, who…
(Tribune) The government has decided to accord “Z” category security cover to BJP working president JP Nadda following a review undertaken by the security and intelligence agencies. The move is also indicative of Nadda’s enhanced political stature within the party. Now Nadda will be guarded by commandos of the CRPF round-the-clock, including his residence here, officials in the Ministry of Home Affairs said. The MHA took the decision while taking into consideration the increased threat perception to Nadda, they said, adding the new security architecture around him would be on all-India basis.
(DNA) The much-awaited new gold policy of the government will be out in 15-20 days, a senior finance ministry official said on Thursday. The creation of a spot market for gold and the use of gold as a financial asset are among other considerations that are to be included in the policy framework, said the official. “Gold policy will go for cabinet approval in 15-20 days. Spot market for gold and use of gold as financial assets are among others included in the policy draft,” the official cited above told on the condition of not being named. In February 2018, former…
(PTI) Union Finance Minister Nirmala Sitharaman on Thursday said the government is giving sector- specific solutions to fight the slowdown in economic growth. She, however, parried a specific question on whether the government accepts if the country is in the midst of an economic slowdown. India’s GDP expansion has slowed to a six-year low of five per cent for the June quarter. This has led to a rash of downward revisions in expectations, including from the RBI which now expects GDP growth to come down to 6.1 per cent in FY20. The government has taken a slew of measures, including a massive cut in corporate…
(AT) कांग्रेस अध्यक्ष सोनिया गांधी और पार्टी महासचिव प्रियंका गांधी दो दिन के दौरे पर रायबरेली जाएंगी. सोनिया और प्रियंका का ये दौरा 14 और 15 अक्टूबर को होगा. इस दौरान सोनिया गांधी पार्टी के नए पदाधिकारियों से मुलाकात करेंगी. सोनिया और प्रियंका पार्टी नेताओं को आने वाले उपचुनाव और 2022 के विधानसभा चुनाव के बारे में निर्देश देंगी. इस मुलाकात में सोनिया गांधी का नए पदाधिकारियों से औपचारिक रूप से परिचय कराया जाएगा. प्रियंका गांधी के महासचिव बनने के बाद उत्तर प्रदेश में बनी इस नई टीम को सोनिया गांधी कई मूल मंत्र देना चाहती हैं. सोनिया की रायबरेली यात्रा के दौरान पार्टी पदाधिकारियों के…