Author: Amit Bhanot

(ET) The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued a show-cause notice to 22 builders and have threatened to impose fine of Rs 371 lakh for not following order of giving possession on the given date. UP RERA has identified 397 projects in the NCR region of several promoters where the compliance of the court orders regarding possession are not being followed. “These promoters have missed their deadlines to give possession to the complainants as stated in their affidavit in the Court. In the first phase, 22 projects have been identified and called for a meeting with Secretary UPRERA on…

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(DNA) Union Home Minister and BJP president Amit Shah on Thursday said that the entire world stands by Prime Minister Narendra Modi’s decision to abrogate Article 370 in Jammu and Kashmir, while on the other hand, Pakistan stands alone in a corner. “Prime Minister Modi recently returned from the UN, and the entire world is standing by his decision to abrogate Article 370. On the other hand, Pakistan stands alone in a corner,” Shah said while addressing a public rally here. Shah also criticised the Congress party and the NCP for opposing the central government’s decision to abrogate Article 370 in…

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(ET) National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL) announced a new joint venture to implement, finance and operate the smart meter roll-out programme of power distribution companies. The joint venture IntelliSmart will operate by leveraging the expertise and capital of both the shareholders, EESL and NIIF. IntelliSmart will work collaboratively with all stakeholders to procure, deploy and provide operations and maintenance for the smart meter infrastructure, an official statement said. Saurabh Kumar, Managing Director, EESL stated, “India has embarked upon a mission to reduce AT&C losses; proven world over for enabling universal, transparent and responsible…

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(ET) Automation and digitalisation initiatives could help the global upstream oil industry save a whopping $100 billion of their budget in the 2020s, according to a new in-depth study that says operators are likely to get help in realising these savings as service companies reinvent themselves. “There are varying degrees of potential savings within offshore, shale and conventional onshore activity budgets, but in total, around 10 per cent of this spend can be erased through more efficient and productive operations thanks to automation and digitalization,” the study by Norway-based research firm Rystad Energy. Around 3,000 global upstream companies spent $1 trillion on operational expenditures, wells, facilities and…

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(LiveMint) The government will soon invite bids to sell its entire stake in Air India, after potential buyers baulked at an initial attempt to divest a partial stake in the national carrier. “The expression of interest document for Air India will be put out anytime now, at least before the end of this month. The plan is to sell 100% stake in the airline. The proposal needs clearance from a ministerial panel before it is made public,” a finance ministry official said on condition of anonymity. A sale of Air India is key for the Union government to meet its ambitious disinvestment target of…

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(PTI) India has moved down 10 places to rank 68th on an annual global competitiveness index, largely due to improvements witnessed by several other economies, while Singapore has replaced the US as the world’s most competitive economy. India, which was ranked 58th in the annual Global Competitiveness Index compiled by Geneva-based World Economic Forum (WEF), is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year). Announcing its latest index, the WEF said on Wednesday India ranks high in terms of macroeconomic stability and market size, while its financial sector is relatively deep and…

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(ET) Decks have been cleared for state-owned Engineers India Ltd (EIL) to begin construction of a petrochemical refinery in Mongolia. EIL, a PSU under the Ministry of Petroleum and Natural Gas, is the project management consultant for the development of the oil refinery. During the ongoing visit to Mongolia, Petroleum and Natural Gas Minister Dharmendra Pradhan is expected to finalise the roadmap to commence construction of the refinery, which is being touted as the largest project being undertaken by the government of India under its Lines of Credit programme. Sources said that after this visit, firm agreements are expected on…

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(DJ) हिंदुत्व और विकास के एजेंडे को धार देने में जुटे मुख्यमंत्री योगी आदित्यनाथ अब हरियाणा और महाराष्ट्र की चुनावी हवा तेज करेंगे। नवरात्र की वजह से योगी गोरखपुर प्रवास पर हैं, लेकिन बुधवार को उनकी वापसी होगी। गुरुवार से इन राज्यों में उनका दौरा शुरू हो जाएगा। नाथ संप्रदाय की सुप्रसिद्ध गोरक्षपीठ के महंत योगी के देश भर में अनुयायी हैं। धर्म और हिंदुत्व पर सीधी और सधी जुबान से दो टूक बोलने की वजह से योगी की सभी राज्यों में मांग रहती है। खासकर चुनाव के समय वह स्टार प्रचारक के रूप में प्रधानमंत्री नरेंद्र मोदी के एजेंडे…

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(sarkaritel) Union Home Minister Amit Shah has called a high-level meeting of the police chiefs of all the states and central armed forces to review the security situation as well as examine the progress of concerned states on crucial suggestions made by Prime Minister Narendra Modi in December last year. The meeting in the back drop of prevailing situation in Kashmir valley as well as talks of conducting NRC in several states to identify illegal immigrants makes it more relevant since the government is pushing to recalibrate the national security strategy. The meeting is organised by Intelligence Bureau on October 14…

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