(PTI) Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Tuesday said his company will invest Rs5,000 crore in West Bengal in businesses such as petroleum and retail. The investment will be made over the next three years and also promote electronic industry by manufacturing mobile phones and set top boxes, Ambani said at the two-day Bengal Global Business Summit which began in Kolkata. He said RIL has already pumped in Rs15,000 crore in the telecom business in the state although it had earlier committed to invest Rs4,500 crore. This was made possible due to conducive business environment in the state under…
Author: Amit Bhanot
(FE) Budget 2018 is round the corner and everyone – especially the salaried class — is looking towards Finance Minister Arun Jaitley with much hope. And why not? This is the Modi government’s last full budget before the 2019 election, which is expected to be a populist one to some extent. Among many expectations of the common man, one major expectation is that the basic exemption limit should be increased from Rs 2.5 lakh to Rs 3 lakh in the Union Budget 2018. There is a lot of buzz in the media also that this may be done by FM Arun Jaitley…
(AU) केंद्र की मोदी सरकार ने एक बड़ा कदम उठाते हुए हज यात्रा के लिए दी जाने वाली सब्सिडी पूरी तरह खत्म्ा कर दी है। आजादी के बाद यह पहला अवसर होगा, जब हाजियों को हज यात्रा के लिए सरकारी मदद नहीं मिलेगी। इस बार करीब पौने दो लाख लोग बिना सरकारी मदद के हज यात्रा करेंगे। अल्पसंख्यक मामलों के मंत्री मुख्तार अब्बास नकवी ने मंगलवार को कहा कि सब्सिडी के मद में खर्च होने वाली 700 करोड़ रुपये की रकम अब अल्पसंख्यक समुदाय की लड़कियों की शिक्षा और उनके सशक्तीकरण पर खर्च होगी। सुप्रीम कोर्ट ने वर्ष 2012 में चरणबद्ध तरीके से हज सब्सिडी…
(FE) Breaking the ice, Chief Justice of India Dipak Misra and the four dissenting judges — Justices J Chelameswar, Ranjan Gogoi, Madan B Lokur and Kurian Joseph — held talks this afternoon. The two sides are likely to meet once again on Wednesday. However, it was not immediately known as to why judges met or whether the meeting was related to the ongoing crisis or not. Some sources told The Indian Express that the meeting was called by CJI Misra himself, and it will continue on Wednesday as issues raised at today’s meeting remained unresolved. Speaking to news agency PTI,…
The Prime Minister, Shri Narendra Modi, today addressed a large and enthusiastic public meeting on the occasion ofthe commencement of work for the Rajasthan Refinery at Pachpadra, in Barmer, Rajasthan. Congratulating the Chief Minister of Rajasthan, Smt. VasundharaRaje, and Union Minister of Petroleum, Shri Dharmendra Pradhan, on the occasion, the Prime Minister observed that a few days ago, India marked Makar Sankranti with great fervour. This festive season is the harbinger of prosperity, he added, saying that immediately after the festivities, he is delighted to be in Rajasthan for a project that will bring happiness and prosperity in the lives…
(LiveMint) State-owned Oil and Natural Gas Corp. (ONGC) is reviewing offshore logistics operations after five of its ‘energy soldiers’ were killed in the tragic helicopter crash in the Arabian Sea. The company employees and officers on Monday held a condolence meetings to mourn the death of five of its officers in Pawan Hans helicopter crash off the Mumbai coast on Saturday. All the seven onboard the ill-fated chopper, including two pilots, are reported to have died in the accident. “We have lost bright and hardworking officers in line of service to the company and the nation. In a way they were…
(LiveMint) The proposed privatisation of Air India Ltd has gained momentum, with the government deciding to break the airline into four units and offer to sell at least 51% in each of them besides transferring most of the non-core debt owed by the carrier to its own balance sheet. The core airline business comprising Air India and Air India Express—the low-cost overseas arm—will be offered as one company, and the process will be completed by the end of 2018, minister of state for aviation Jayant Sinha said in an interview with Bloomberg on Monday. Its regional arm, ground handling and engineering operations…
The Prime Minister, Shri Narendra Modi, will attend a function to mark the commencement of work for the Rajasthan Refinery at Pachpadra, in Barmer district in Rajasthan on 16th January, 2018. He will also address a public meeting. Rajasthan has significant reserves of oil and gas. The Rajasthan Refinery will be the State’s first. It is envisaged as a 9 MMTPA Refinery cum Petrochemical Complex. The product output from the refinery will conform to the advanced BS-VI emission norms. The estimated cost of the project is over Rs. 43,000 crore. The project is a Joint Venture of HPCL and Government of…
(PTI) Diesel prices have touched a record high of Rs 61.74 per litre and petrol prices have crossed Rs 71 as international oil rates continue to rally. Petrol price rose to Rs 71.18 per litre in Delhi today, the highest since August 2014, according to daily fuel price list of state-owned oil firms. Diesel prices soared to their highest level of Rs 61.74 per litre in Delhi. It is being sold at Rs 65.74 in Mumbai, where the local sales tax or VAT rates are higher. Prices have been on the rise since December 12, 2017. Diesel in Delhi on that day…
Union Minister for Law and Justice and Electronics and IT Shri Ravi Shankar Prasad is on an official visit to Sri Lanka. On the first day of his visit, he inaugurated the gigabit connectivity between the National Knowledge Network of India and LEARN network of Sri Lanka. This dedicated high speed internet connectivity will boost the collaboration among the academic institutions of India and Sri Lanka. Sri Lankan Minister for Telecommunications and Digital Infrastructure Mr. Harin Fernando was also present on this occasion. After the launch from the headquarters of the Ministry of Telecommunications and Digital Infrastructure, Colombo the Minister…