(PTI) India saw a single-day rise of 78,524 COVID-19 cases taking the virus caseload to over 68 lakh, while the number of people who have recuperated surged to 58,27,704, according to the Union Health Ministry data updated on Thursday.The national recovery stands at 85.25 per cent. The total corona virus cases mounted to 68,35,655,while the death toll climbed to 1,05,526 with 971 people succumbing to the disease in a span of 24 hours, the data updated at 8 am showed. The total recoveries have surged to 58,27,704 while there are 9,02,425 active cases of corona virus infection in the country which…
Author: Aruna Sharma
(ET) Union minister of petroleum and natural gas Dharmendra Pradhan ordered a probe into the explosion and fire at a fuel station near Raj Bhawan here on Wednesday. It coincided with the commissionerate police registering a criminal case to probe the tragedy. Nine persons were injured, two of them critical, in the blast. Portions of Raj Bhawan and several houses in the vicinity were damaged under the impact of the massive explosion. “I have asked the secretary of petroleum and natural gas to probe the case. The secretary would submit the inquiry report after discussing with senior officers of the state government and Indian Oil,” Pradhan tweeted.
(Hindustan) पूर्वांचल विद्युत वितरण निगम लि. के निजीकरण के प्रस्ताव को टालने की शर्तें उपभोक्ता हित में हैं। जिन शर्तों को माना गया है उस पर ईमानदारी से काम हो तो राज्य में सबको 24 घंटे और पर्याप्त बिजली देने की स्थिति में सरकार आ जाएगी। उपभोक्ताओं को बाधारहित बिजली के साथ ही मीटर रीडिंग के आधार पर सही बिल भी मिलने लगेगा। भ्रष्टाचार समाप्त होने की दशा में कनेक्शन, बिलिंग आदि में उलझाकर उपभोक्ताओं से होने वाली धनउगाही बंद हो जाएगी। समझौते की शर्तों में वितरण क्षेत्र में भ्रष्टाचार को माना गया है तभी इस क्षेत्र को भ्रष्टाचार मुक्त…
(ET) Bringing in reforms in natural gas marketing, the Union Cabinet on Wednesday approved a standardised bidding process for gas prices. Briefing the media after the meeting, Union Petroleum Minister Dharmendra Pradhan said that the Directorate General of Hydrocarbons (DGH) will suggest an e-bidding platform for users.He noted that producers will have a choice to opt for a platform and transparent and open bidding process to be conducted for price discovery.
(ET) In a big boost for Reliance Industries Ltd, Cairn India and state-run ONGC, the government on Wednesday approved an electronic auction-based gas marketing regime that allows affiliates of domestic producers to bid for output from new discoveries of the parent company. The norm will end ambiguity in contracts across auction regimes (NELP, HELP, OLAP) and allow transparent discovery of price, oil minister Dharmendra Pradhan said after the Cabinet approved the guideline. He said the move would clear the way for an additional 40 mmscmd (million metric standard cubic meters per day) of supplies, roughly 8-9 days of CNG consumption in Delhi-NCR, from new discoveries and increase…
(ET) Prime Minister Narendra Modi has interacted with Henrik Anderson, President and CEO, Vestas on the issues related to the wind energy sector and highlighted Indias efforts to harness renewable energy. “Had an insightful interaction with Mr. Henrik Andersen, President and CEO, @Vestas . We discussed a series of issues relating to the wind energy sector. Highlighted some of India’s efforts to harness renewable energy in order to build a cleaner future for the coming generations,” PM Modi tweeted on Tuesday. “Great talk with Hon’ble PM @narendramodi on innovative ideas that can push the envelope in the #energytransition. Very insightful and we are very much looking forward to a continued collaboration…
(ET) Markets regulator Sebi on Monday revamped the product labelling on mutual fund schemes under the risk-o-meter by introducing “very high risk” category to warn investors. The existing five categories to measure risks are – low, low to moderate, moderate, moderately high, and high. Based on the scheme characteristics, mutual funds will assign a risk level for schemes at the time of launch of scheme/new fund offer, Securities and Exchange Board of India (Sebi) said in a circular.It further said any change in risk-o-meter will be communicated by way of notice-cum-addendum and by way of an e-mail or SMS to…
(ET) The Goods and Services Tax (GST) Council was deadlocked on the issue of compensation to be paid to states on account of the shortfall stemming from the transition to the levy in 2017. It however decided to extend the compensation cess beyond 2022—the five-year period that had been agreed originally. The council will meet again on October 12 to discuss the issue. The Centre will immediately disburse Rs 20,000 crore collected in the cess fund in the current financial year to states, Union finance minister Nirmala Sitharaman, also the council chairman, told reporters after its Monday meeting. “This would be…
(ET) The government proposes to implement a new floor price mechanism for gas produced from domestic fields by companies such as the Oil and Natural Gas Corporation (ONGC) to prevent the fuel price from crashing below an identified threshold in current subdued market conditions. Domestic gas price has fallen to $1.79 per million British thermal units (mmBtu) for the October-March period of the current fiscal. The administered price of the gas has fallen in the last four six-monthly revision cycles and has now reached the lowest price levels since 2014. At this level of natural gas prices, exploration companies such as ONGC…
(PTI) The Reserve Bank of India will announce monetary policy on October 9. The government named Shashanka Bhide, Ashima Goyal and Jayanth Varma as its nominees on the central bank’s monetary policy committee (MPC) late on Monday. The Reserve Bank of India was forced to delay the bi-monthly committee meeting set to take place from Sept. 29 to Oct. 1, as it required at least four MPC members to proceed.