Shri Harinand Rai has taken charge as Director (Technical) of Steel Authority of India Ltd. (SAIL), today. A metallurgical engineer from IIT, BHU, Shri Rai joined SAIL in the year 1986. With an experience of working for more than 32 years in SAIL, he has served in Bhilai Steel Plant (BSP), Durgapur Steel Plant (DSP) as well as at the Corporate Office. Having joined at Bhilai initially he rose to the level of General Manager (Blast Furnace) specialising in Blast Furnace technology, operations and logistics, before joining DSP as Executive Director (Works). In this role, he was responsible for overall…
Author: Amit Bhanot
Union Minister of Petroleum & Natural Gas, Shri Dharmendra Pradhan has said thatIndia has taken note of the re-imposition of US Sanctions on Iran in wake of the US pullout from the Joint Comprehensive Plan of Action on May 8, 2018. The crude oil price fluctuation is a frequent market phenomenon and the price of crude oil is determined by many factors, including geo-political situations and demand and supply in the global market. In a written reply in Rajya Sabha today, the Minister said that the contribution of petroleum sector to central exchequer during the Financial Year 2014-15, 2015-16 and 2016-17…
(LiveMint) The Reserve bank of India’s (RBI’s) monetary policy committee (MPC) on Wednesday raised repo rate by 25 basis points (bps) to 6.5% on account of inflationary pressures arising due to hikes in minimum support prices for the crop. The six-member committee voted to maintain a neutral policy stance, thus keeping its options open for further rate hikes. The RBI also raised its average inflation projection for the second half of the year to 4.8% from the 4.7% it had projected in June. The central bank expects inflation to edge higher to 5% in the first quarter of the next…
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approvedconveying of no objection to reduction in Government of India shareholding in IDBI Bank Limited to below 50% by dilution. It has also approved acquisition of controlling stake by Life Insurance Corporation of India (LIC) as promoter in the bank through preferential allotment / open offer of equity, and relinquishment of management control by the Government in the bank. Impact: The acquisition has wide-ranging synergy benefits for customers, LIC and the bank. Benefits to the two entities emanate from economies of scale, reduction in the costs of distribution and…
(AU) पाकिस्तान में हुए हालिया चुनावों के बाद इमरान खान 11 अगस्त को प्रधानमंत्री पद के शपथ ग्रहण की तैयारी कर रहे हैं। उन्होंने बॉलिवुड सुपरस्टार आमिर खान, पूर्व भारतीय कप्तान सुनील गावस्कर, कपिल देव और सिद्धू को न्योता दिया है। इमरान की पार्टी पाकिस्तान तहरीक-ए-इंसाफ (पीटीआई) 25 जुलाई को हुए आम चुनाव में 116 सीटें जीती हैं। वहीं पीटीआई के प्रवक्ता ने उन रिपोर्टों को खारिज किया है जिनमें कहा जा रहा था कि इमरान खान के शपथ कार्यक्रम में विदेशी नेताओं को बुलाया जाएगा। इससे पहले 11 अगस्त को इमरान के शपथ कार्यक्रम में न्योता भेजे जाने वाले…
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the policy to permit exploration and exploitation of unconventional hydrocarbons such as Shale oil/gas, Coal Bed Methane (CBM) etc. It will be carried out under the existing Production Sharing Contracts (PSCs), CBM contracts and Nomination fields to encourage the existing Contractors in the licensed/leased area to unlock the potential of unconventional hydrocarbons in the existing acreages. Benefits: This policy will enable the realization of prospective hydrocarbon reserves in the existing Contract Areas which otherwise would remain unexplored and unexploited. With this policy dispensation, new investment in Exploration…
(ET) Uttar Pradesh chief minister Yogi Adityanath’s dream project of Navya Ayodhya, a township near Ayodhya with world class facilities, has got approval from the state tourism department. The township will host a “Nirvana Abode”, a place for those who are awaiting death and want to attain moksha or salvation. The township will be built on the lines of London and will host luxury hotels, riverside resorts, multistory buildings among other things, the report added. It will come up between old and new Faizabad-Gorakhpur highway and would target NRIs and foreigners who want to get close to Indian tradition. High-end hospitality…
(AU) भारतीय रिजर्व बैंक (आरबीआई) आज मौद्रिक नीति की समीक्षा करेगा, जिसके बाद अनुमान है कि लोन लेना और महंगा हो जाएगा। आरबीआई रेपो रेट में 25 बेसिस प्वाइंट की बढ़ोतरी कर सकता है, जिससे यह 6.50 फीसदी होने की उम्मीद है। अगर आरबीआई रेपो रेट में बदलाव करता है तो इसका असर तुरंत देखने को मिलेगा, क्योंकि बैंक सभी प्रकार के लोन पर ब्याज दरों को बढ़ा देंगे। खुदरा महंगाई दर के मई में चार महीने के ऊपरी स्तर 4.87 फीसदी पर पहुंचने के बाद भारतीय रिजर्व बैंक (आरबीआई) अगस्त में अपनी मौद्रिक नीति समीक्षा में फिर एक बार मुख्य…
Under Arogya Samrakshan, MRPL is running two free primary health centers at Chelaieru and Kalavar villages. MRPL along with parent organization ONGC, has funded Rs.23.2 Crore for the construction of new wing of Govt. Lady Goschen Hospital in the heart of Mangalore City. MRPL has been conducting Free Artificial Limb Camps every for the last 16 years for the benefit of amputees. Mangalore Refinery & Petrochemicals Limited (MRPL) has been undertaking Corporate Social Responsibility (CSR) activities under the name of “Samrakshan”. This captures the spirit and commitment of MRPL’s CSR initiative that is to “protect, preserve and promote the social,…
The Government is implementing Power Tex India, a comprehensive scheme for power loom sector development.Under the scheme, existing plain powerlooms are upgraded to semi-automatic and shuttleless looms to improve quality and productivity, by providing financial assistance to powerloomunits. So far, more than 2.16 lakh looms have been upgraded in the country under the in-situ upgradation component of the scheme. For implementing Amended Technology Upgradation Funds Scheme (ATUFS), a comprehensivei-TUFS software has been developed. Through the iTUFS software, the beneficiary units can directly upload their applications. The beneficiary units can also track their application at each stage of the process. India is the…