(News18) The RBI may cut the key policy rate again on Friday, the fifth in row, to complement the government’s measures like reducing corporate tax and promoting credit off take to spur economic activity during the festive season amid range-bound inflation. The RBI Governor Shaktikanta Das headed Monetary Policy Committee (MPC) will announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4, after its three-day meeting. The central bank has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since January. At its previous meeting in August, the MPC had reduced the benchmark lending…
Author: Amit Bhanot
(The Pioneer) As part of the BJP’s nation-wide “Gandhi Sankalpa Yatra”, Union Minister Dharmendra Pradhan would launch a Padayatra at the Gandhi Smruti Pitha at Telengapentha in Cuttack district on October 2 in order to make people aware about Mahatma Gandhi’s ideals. Party vice-president Sameer Mohanty informed this at a Press meet here on Sunday. He said Pradhan would meet common people and address a public meeting on the occasion. Stating that Prime Minister Narendra Modi has taken all efforts to spread Gandhi ideals across the globe, Mohanty said the “Gandhi Sankalpa Yatra” would be organised for 15 days to mark…
(TNIE) President Ram Nath Kovind on Saturday asserted that the armed forces are ever determined and ready to protect the unity and sovereignty of the country at any cost. “We have taken a solemn pledge to defend the sovereignty of our country against all odds. I am confident that we will fulfil this vow and keep the dignity of our nation and our people in tact, whatever be the cost,” Kovind said at Army Air Defence College (AADC) at Gopalpur Military station here. The Supreme Commander of the Indian Armed Forces presented the President’s Colours to Corps of Army Air Defence (AAD).…
(ET) Fuel retailers in India are scampering for liquefied petroleum gas ahead of the nation’s most celebrated festival, as demand looks set to climb just as drone attacks on Saudi Arabian facilities hurt exports. Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. are scouring the market for prompt LPG supplies for delivery before Diwali in late October, after Aramco deferred some shipments, said an official from Indian Oil, the nation’s biggest fuel retailer. The surge in buying interest comes amid a tight Asian market, with Bharat Petroleum’s buy tender attracting no offers this week. “We are anticipating higher demand for LPG…
(ET) Prime Minister Narendra Modi met Iranian President Hassan Rouhani on the sidelines of the UN General Assembly session in New York on Thursday. The meeting, amid escalating face-off between Iran and the United States on Tehran’s nuclear programme, is significant as India has refused to be drawn into US president Donald Trump’s remarks that Iran was the “number 1 terrorist state”, while he evaded a question on Pakistan recently. Rouhani and Modi are understood to have discussed the regional situation and energy supplies from the region and other issues of mutual interest. Their meeting was keenly awaited as they could not hold a planned…
(FE) Petrol and diesel prices today: The oil marketing companies (OMCs) on Tuesday raised the prices of petrol and diesel for the eighth straight day following drone attack on the Saudi oil plants. In the last eight days, petrol prices have risen by Rs 2.1 and diesel rates have surged by Rs 1.64. On Tuesday, a litre of petrol costs Rs 74.13 in Delhi, Rs 79.79 in Mumbai, Rs 77.06 in Chennai and Rs 76.67 in Bengaluru. A litre of diesel costs Rs 67.07 in Delhi, Rs 70.37 in Mumbai, Rs 77.91 in Chennai and Rs 69.36 in Bengaluru. Petrol…
(PTI) Union Home Minister Amit Shah on Tuesday asked operators of private security agencies to undertake welfare initiatives like health insurance, medical health check up and pension for private guards by taking advantage of government-sponsored schemes. Shah also asked private security agencies to hire NCC trained guards so that those employed have some basic training on security. Launching a private security agency licensing portal initiated by the Ministry of Home Affairs, he said agencies must ensure that each and every private security guard has a ‘Jan Dhan’ bank account for salary disbursement and there should be no cash transactions with them. The…
Union Minister for Micro, Small and Medium Enterprises and Road Transport & Highways Shri Nitin Gadkari has said that reducing the cost of capital, logistics and power are crucial for making the Indian MSME sector globally competitive. The Minister inaugurated the 16th Global SME Business Summit 2019 in New Delhi today. The Summit is organized every year by Ministry of MSME and Confederation of Indian Industries (CII). The theme this year is Making Indian MSMEs Globally Competitive. Calling for domestic and foreign investment and collaboration in the sector, Shri Gadkari said that the MSME sector in India has tremendous potential to push growth…
(ET) The Indian Railways plan to save Rs 1,400 crore annually by taking to new technology called head on generation (HOG), where power will be drawn from overhead electric (OHE) wires and supplied to coaches. Till date, 342 trains have already been converted into HOG. This is resulting in saving of approximately Rs 800 crore. The power generator cars which used to make a huge noise and emit fumes will no longer be used. In place of two such generator cars, there will be one standby silent generator car to be used in emergencies. In place of the other car, there will be LSLRD (LHB…
(PTI) Aiming to boost India’s mineral output by 200 per cent in the next seven years, Union Minister Pralhad Joshi on Thursday said about Rs 1,500 crore lying in exploration trust, could be used for accelerating this work. He said the mining industry is undergoing reforms through transformative investor friendly interventions like the Mines and Minerals (Development and Regulation) Amendment Act 2015, that introduced transparent and competitive auction process for grant of mineral concessions besides setting up of National Mineral Exploration Trust (NMET) to accelerate mineral exploration activity. “More than Rs 1,500 crore has been accumulated in the NMET fund during last three years. And…