(PTI) The BJP today said the five-month- old Yogi Adityanath government has been taking steps to strengthen the vision of ‘New India’ and expressed confidence that Uttar Pradesh will accomplish it. “The Yogi Adityanath government has taken the welfare measures of the central government to the farmers for augmenting their income,” BJP spokesperson Rakesh Tripathi said. He said the crop insurance scheme, wheat purchase, payment of cane dues and grants for irrigation are “some of the unprecedented measures which have brought a smile on the faces of farmers.” Tripathi said that in a span of four months, nearly 6.5 lakh toilets have…
Author: khabarindia
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism (AM). The decision would facilitate consolidation among the Nationalised Banks to create strong and competitive banks. Salient features: The salient features of the approval Framework for Consolidation of Public Sector Banks are as follows: The decision regarding creating strong and competitive banks would be solely based on commercial considerations. The proposal must start from the Boards of Banks. The proposals received from Banks for in-principle approval to formulate schemes of amalgamation shall be placed before…
(MC) Even though as a whole states’ revenue may clip past at a CAGR of 16.6 percent in FY18 over FY16 under the GST, 11 of them may need an additional Rs 9,500 crore compensation from the Centre this year, says a report. “All states combined will grow at a CAGR of 16.6 percent in FY18 over FY16 under the new goods and services tax regime, but since the picture at the individual state level differs, 11 states will need a Rs 9,500 crore Central support this financial year,” India Ratings said in a note today. While large states like…
(TH) A leak was reported from the gas pipeline from the Kesavadasupalem well-4 in the Sakhinetipalli mandal of East Godavari on Monday. The leak was capped by afternoon after the emergency technical team of the ONGC had moved in. They closed the four pipelines in the well. Residents of Kesavadasupalem, who heard a hissing sound, reached the agriculture field from where the gas was leaking and alerted the ONGC officials. Gas combined with some crude oil leaked into the paddy field as the pipelines were laid through it. The ONGC said reverse pressure was suspected to be the reason for the…
(ET) Do you know every time you buy diesel or petrol you pay six paise and four paise per litre respectively for proper toilet facilities at petrol pumps? Petroleum ministry officials and petrol pump owners confirmed that this provision exists for generating revenue for maintenance of toilets. However, the latter claimed that the monthly revenue is not enough to meet the requirement. The allotment condition for petrol pumps mandates provision for proper toilet and drinking water facilities. Petroleum ministry officials told TOI that they are acting against errant pumps who fail to maintain the toilets. “Though their argument about inadequate…
(ET) Reserve Bank of India appears to be giving highest emphasis on how to avoid the possibility of an illegal trade of currency notes as it prepares to introduce Rs 200 denominated bank notes for the first time in history. RBI is likely to put the proposed Rs 200 bank notes in circulation by the end of August or in the first week of September, according to people in the know. Most importantly, it is taking all steps to stop black marketing and is building a stack of about 50 crore notenotes of the new denomination to start with so…
(FE) Oil prices fell early on Wednesday, squeezed between concerns of oversupply, sparked by rising Libya output, and fears of reduced future investment in the industry. Brent crude futures, the international benchmark for oil prices, were at $51.61 per barrel at 0105 GMT, down 26 cents, or 0.5 percent, from their last close. US West Texas Intermediate (WTI) crude futures were at $47.63 a barrel, down 20 cents, or 0.4 percent. Bernstein Research warned that low prices and ample supplies were resulting in low oil industry investment levels.“We see (oil and gas)…order intake activity at almost the same low level…
(The Mint) Reliance Industries Ltd, owned by Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan. The companies are considering a plan to set up energy-storage projects near solar- and wind-energy installations, the people said, asking not to be identified, citing company policy. A decision on investment and implementation will be taken by December, they said. Reliance didn’t respond to requests for comment. BP declined to comment. The push into power storage dovetails with Prime Minister Narendra Modi’s efforts to…
(AU) उत्तर प्रदेश में एक बार फिर देर रात एक बड़ा रेल हादसा हो गया। आजमगढ़ से दिल्ली आ रही कैफियत एक्सप्रेस कानपुर और इटावा के बीच हादसे का शिकार हो गई। हादसा औरेया के पास अछल्दा रेलवे स्टेशन के नजदीक हो गया। रात 2.40 बजे ट्रेन एक डंपर से टकर गई, जिसकी वजह से ट्रेन के 10 डिब्बे पटरी से उतर गए। आधिकारिक सूत्रों के मुताबिक राहत बचाव कार्य पूरा हो गया है। इस बड़े हादसे में किसी के मरने की खबर तो नहीं है लेकिन 21 लोग घायल हुए हैं। कानपुर रेंज के आईजी के मुताबिक ऐसा लगता है…
(PTI) State-owned Oil and Natural Gas Corp (ONGC) will hire investment bankers to assist it in acquiring government’s 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL). The investment or merchant banker to be hired will be separate from the one the government is hiring to manage its disinvestment, a senior official said here. The board of ONGC yesterday gave ‘in principle approval’ for acquisition of the government stake in HPCL, which at today trading price is worth about Rs 34,800 crore. He said a six-member Committee of Directors has been constituted to examine various aspects of the acquisition and to provide its recommendations to…