(BS) Coal Ministry yesterday conducted a meeting to review the status of mines which have been auctioned in different tranches and are in varying stages of process completion. The meeting was chaired by Additional Secretary and Nominated Authority, Ministry of Coal, Smt. Rupinder Brar. The comprehensive review focused on highlighting the government’s commitment to enhancing domestic coal production. The Additional Secretary impressed upon the allottees to take necessary steps to operationalize the coal blocks that are in advanced stages of operationalization. The 71 coal blocks are in various stages of obtaining regulatory clearances. These blocks are distributed across nine states:…
Author: Aruna Sharma
(BS) Shares of state-owned upstream oil companies Oil and Natural Gas Corporation (ONGC) and Oil India dipped up to 6 per cent on the BSE in Wednesday’s intra-day on profit booking as crude oil prices were trading near three years low on concerns over a weak demand outlook. Shares of Oil India have dipped 6.4 per cent to Rs 570 on the BSE in intra-day trade. With today’s decline, the stock has fallen 26 per cent from its record high level of Rs 767.30 that it touched on August 30. Separately, the stock price of ONGC was down nearly 3…
In a scathing attack on the Congress and Samajwadi Party, Chief Minister Yogi Adityanath stated on Monday that the parties have torn apart the social fabric of both the country and the state by exploiting caste, opinion, and religion for petty political ends.He urged the public to remain vigilant against divisive forces, noting that before 2017, those who divided society along caste lines would often bow and submit to rioters. The Chief Minister made these remarks while addressing a district-level mega employment and loan fair at Aryabhatta International School. At the event, 100 companies offered over 15,000 job opportunities to…
Uttar Pradesh Police is now aligning with international standards. Under CM Yogi’s vision of zero tolerance towards crime, the UP Police is advancing smart policing and establishing new benchmarks through its responsible and reliable approach. In a significant milestone, Sonbhadra Police Line has achieved international ISO certification. It is now the first police line in Purvanchal to receive the ISO-9001:2015 certification from the International Organization for Standardization. This certification recognizes Sonbhadra Police Line’s excellence in management, training, services, and facilities. It is notable that the Commissionerate Gautam Buddha Nagar (Noida) has already set a precedent as Uttar Pradesh’s first ISO-9001:2015…
Chief Minister Yogi Adityanath convened a high-level meeting with Forest department officials on Monday to address the recent surge in incidents of human-wildlife conflict across several districts of Uttar Pradesh. He directed the Forest Minister and relevant department officials to take decisive action to prevent and monitor such incidents. The CM also urged them to analyze the causes behind the increase in such conflicts to curb them effectively. Following his directives, several district magistrates swiftly mobilized teams, initiating combing operations in affected areas and launching public awareness campaigns in villages. Chief Minister Yogi Adityanath highlighted the recent reports of attacks…
(BS) The defence ministry on Tuesday approved the procurement of future-ready combat vehicles (FRCVs) for modernisation of the Army’s tank fleet and air defence fire control radars, among other proposals. The proposals were cleared by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh. The DAC “accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore,” the ministry said in a statement. Of the total cost of the AoNs, 99 per cent is from indigenous sources under the “Buy (Indian)” and “Buy (lndian-Indigenously Designed Developed and Manufactured)” categories, it added. “For modernisation of the tank…
(CNBC TV 18) India’s G20 Sherpa and former CEO of NITI Aayog, Amitabh Kant, on Tuesday, announced that the government will soon invite bids for 60,000 electric buses. Speaking at the Mercedes-Benz Sustainability Dialogue, Kant revealed that India will introduce the FAME III scheme to sustain the electric vehicle (EV) transition and expand charging infrastructure nationwide. According to Kant, a recent tender for 6,000 electric buses showed that these buses are approximately 13 to 14% cheaper in operational costs compared to traditional internal combustion engine buses. He added that the next tender will be for 10,000 buses, followed by another…
(BS) The Union Finance Ministry will dilute a 6.78 per cent stake in public sector reinsurance company General Insurance Corporation of India (GIC) Re to garner around Rs 4,700 crore. The stake sale, for the first time since the listing of the reinsurance company in 2017 through the offer for sale (OFS) route, will begin on Wednesday. “Offer for sale in General Insurance Corporation of India (GIC) opens tomorrow for non-retail investors. Retail investors and employees of GIC can bid on Thursday. Government will divest 3.39 per cent equity with an additional 3.39 per cent as green shoe option,” secretary,…
(FE) Road Transport and Highways Minister Nitin Gadkari has proposed that foreign partners should hold a 51% majority stake in joint ventures for building tunnels and creating detailed project reports (DPRs). This move aims to ensure that only serious and technically qualified players bid for such critical infrastructure projects. Gadkari expressed concern over the current practices in some tunnel projects, humorously noting that European companies sometimes choose Indian partners with unrelated businesses like catering or beauty parlours. To improve the quality of work, he stressed the importance of giving foreign partners a controlling stake. While advocating for more liberal technical…
(FE) State-owned Oil and Natural Gas Corp’s overseas subsidiary, ONGC Videsh, is expected to finalise the acquisition of a 0.615% participating interest in the offshore Azeri Chirag Gunashli (ACG) oil field in Azerbaijan from Equinor within the next two months, according to company officials. The company had earlier signed a definitive sale purchase agreement for increasing its participating interest in the ACG oil field in the country from Equinor. The agreement also included the acquisition of a 0.73% share of the Baku Tbilisi Ceyhan (BTC) pipeline company through its wholly-owned subsidiary ONGC BTC. OVL expects that an increase in the stake in the…