(ET) The surplus that the Reserve Bank of India transferred to the government in the last fiscal year fell sharply mainly due to a jump in expenditure, which was led by interest payments to banks on their excess funds parked with it, the bank’s annual report showed. While income for 2021-22 increased by 20%, expenditure rose by 280%, which resulted in the overall surplus transferred to the government decreasing 69% to Rs 30,307.45 crore from Rs 99,122 crore in 2020-21. Apart from the higher operational expenditure, the RBI also had to pay interest on the excess funds kept by banks with…
Author: Aruna Sharma
(PTI) India’s largest gas firm GAIL is getting regular supplies of LNG under a long-term deal with Russia’s Gazprom despite the geopolitical crisis, the firm’s chairman and managing director Manoj Jain said on Friday. GAIL has a long-term deal to import 2.85 million tonnes per annum of liquefied natural gas (LNG) from a Singapore-based unit of Gazprom. “There were some disruptions but supplies have been regular,” Jain told reporters. Earlier this month, Moscow slapped sanctions on the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of the Russian gas…
(HT) India has the potential to become a global drone hub, Prime Minister Narendra Modi said on Thursday as he inaugurated the country’s biggest drone festival. “During the earlier governments, technology was considered part of the problem, efforts were made to prove it was anti-poor. Due to this, there was an atmosphere of indifference regarding the use of technology in governance before 2014. The poor suffered the most, the deprived, the middle class also suffered,” the prime minister said, hitting out at former governments. Farmers are no longer apprehensive about using new technology, PM Modi said, highlighting the use of…
(DJ) सरकार ने गुरुवार को भारत पेट्रोलियम कारपोरेशन लिमिटेड (बीपीसीएल) में अपनी पूरी 53 प्रतिशत हिस्सेदारी बेचने के प्रस्ताव को वापस ले लिया है। उसने कहा कि ज्यादातर बोलीदाताओं ने ग्लोबल एनर्जी मार्केट में मौजूदा स्थिति के कारण निजीकरण में पार्टिसिपेट करने में असमर्थता जताई है। आपको बता दें कि सरकार ने भारत पेट्रोलियम कॉर्पोरेशन लिमिटेड (BPCL) में अपनी पूरी 52.98 प्रतिशत हिस्सेदारी बेचने की योजना बनाई थी। इसके अलावा मार्च 2020 में बोलीदाताओं से एक्सप्रेशन ऑफ इंटरेस्ट (ईओआई) ऑफर किया था। नवंबर 2020 तक कम से कम तीन बोलियां आईं। हालांकि, दो बोलीदाताओं के ईंधन मूल्य निर्धारण में स्पष्टता…
Prime Minister Shri Narendra Modi will visit Gujarat on 28 May, 2022. At around 10 AM, Prime Minister will visit the newly built Matushri K.D.P. Multispeciality Hospital in Atkot, Rajkot. This will be followed by his address at a public function at the venue. Thereafter, at around 4 PM, Prime Minister will address the Seminar of leaders of various cooperative institutions on ‘Sahakar Se Samriddhi’ at Mahatma Mandir, Gandhinagar, where he will also inaugurate the Nano Urea (Liquid) Plant constructed at IFFCO, Kalol. PM in Gandhinagar The cooperative sector of Gujarat has been a role model for the entire nation.…
(PTI) India logged 2,710 new coronavirus infections in a day taking the total tally of COVID-19 cases to 4,31,47,530, while the active cases rose to 15,814, according to the Union Health Ministry data updated on Friday. The death toll climbed to 5,24,539 with 14 fresh fatalities, the data updated at 8 am stated. The active cases comprise 0.04 per cent of the total infections, while the national COVID-19 recovery rate was recorded at 98.75 per cent, the ministry said. An increase of 400 cases has been recorded in the active COVID-19 caseload in a span of 24 hours. The daily positivity rate…
(PTI) Three Pakistani terrorists and a Jammu and Kashmir policeman were killed in an encounter in Baramulla district on Wednesday, police said. “Three #Pakistani #terrorists killed. One JKP personnel also attained #martyrdom in this chance encounter. #Incriminating materials including arms and ammunition recovered. Further details shall follow,” Inspector General of Police, Kashmir zone, Vijay Kumar tweeted.Further details of the operation are awaited.
(FE) The board of directors of the state-owned Life Insurance Corporation of India (LIC) is scheduled to meet at the end of this month to declare the financial results for the fiscal year ended March 2022. It is informed that a meeting of the Board of Directors of the Corporation is scheduled to be held on May 30, 2022, LIC said in a regulatory filing on Tuesday. The insurance behemoth, which was listed on the bourses earlier this month on May 17, said the board will consider and approve the audited financial results (standalone and consolidated) for the quarter and…
(Hindustan) जम्मू-कश्मीर के बारामूला में सुरक्षा बलों को बड़ी कामयाबी मिली है। आज सुबह ही शुरू हुई मुठभेड़ में सुरक्षा बलों ने तीन आतंकियों को मार गिराया है। तीनों ही आतंकी पाकिस्तान से घुसपैठ कर आए थे। इस पूरी कार्रवाई में एक पुलिसकर्मी शहीद भी हो गया है। आईजीपी कश्मीर विजय कुमार ने इसकी जानकारी देते हुए कहा कि इस मुठभेड़ में तीन पाकिस्तानी आतंकवादी मारे गए और जम्मू-कश्मीर पुलिस का एक जवान भी शहीद हो गया। मंगलवार को ही जम्मू-कश्मीर में श्रीनगर के सौरा इलाके में आतंकवादियों ने एक पुलिस कांस्टेबल के घर के बाहर उन पर अंधाधुंध गोलियां बरसाईं। इस…
(FE) With the Centre prodding central public sector enterprises (CPSEs) to privatise or disinvest stakes in their subsidiaries, Coal India will sell a 25% stake each in its unlisted subsidiaries Bharat Coking Coal (BCCL) and consultancy arm Central Mine Planning & Design Institute (CMPDI), company sources told FE. Both the companies are wholly-owned by the coal miner. While government officials indicated that CIL may list one of its profitable subisidiaries also, company sources said it is not on the immediate agenda. “The CIL board has given an in-principle approval for a 25% stake sale in BCCL and CMPDI, subject to government approval,” a CIL official…