(MC) Prime Minister Narendra Modi will address the annual general meeting of industry body, the Associated Chambers of Commerce and Industry of India (ASSOCHAM), at 11:30 am in New Delhi. The theme of the event is ‘New India Aspiring for a $5-trillion economy’. Finance Minister Nirmala Sitharaman is expected to present a roadmap on the same around 12:35 pm. The meet assumes significance as it comes in the backdrop of a number of major events. There have been a number of questions raised about the government’s corporate engagement, with allegations – mainly by opposition parties – that the corporates are afraid to raise…
Author: Aruna Sharma
(ET) Trivendra Singh Rawat, Chief Minister, Uttarakhand on Thursday met Chairman of Tata Sons N Chandrasekaran to discuss the various investment opportunities in Uttarakhand. “During the meeting, the various reforms undertaken by the government which have ushered Ease of Doing Business in the state were highlighted. Rawat invited the delegation to visit the state and explore the limitless possibilities available to investors particularly in the field of Tourism, Energy & Manufacturing, ” read an official statement. Rawat also met Banmali Agrawala, President, Infrastructure, Defence & Aerospace, Tata Sons. Detailed discussions happened between the state government officials and leaders of Tata group companies. The state…
(PTI) The country’s largest iron ore miner NMDC has diversified into coal with allotment of two coal blocks in the Hazaribagh district of Jharkhand. It will also help the state-owned company set up coal washeries. “NMDC Ltd diversifies into coal. The Ministry of Coal has allocated two coal blocks to NMDC, Rohne and Tokisud North. I thank Government of India, Ministry of Steel, and Ministry of Coal for reposing faith on NMDC for diversifying into coal,” said NMDC Chairman and Managing Director N Baijendra Kumar. The coal ministry has allocated Rohne and Tokisud North coal blocks under Section 5(1) of the Coal Mines…
(FE) The Reserve Bank of India (RBI) has commenced something that is akin to the famous “Operation Twist” conducted by the US Federal Reserve by deciding to buy the long-tenor 10-year benchmark bonds worth Rs. 10,000 crore and selling four short-dated securities worth the same amount under open market operations (OMOs). On Thursday, the RBI said it would be buying the 6.45% yielding notes maturing in 2029 — the benchmark bonds — and would be selling four papers maturing in 2020. The OMOs would be conducted on Monday. The step is liquidity neutral — meaning the OMOs would not be adding any…
(DevDiscourse) Union Minister for Petroleum and Natural Gas Dharmendra Pradhan met Odisha women’s blind cricket team here. Union Minister congratulated the team and lauded the efforts of the players on achieving this wonderful feat. “Delighted to meet cricketers from the Odisha Women Blind Cricket Team. Congratulated the champions on winning the Final of the Women’s National T20 Tournament. These girls have proven that with will, courage amd determination nothing can be an impediment in the path to success”, Pradhan tweeted while sharing details of the meeting. Odisha women’s team has recently won the final of Women’s National T20 Tournament.
(PTI) State-owned steel maker SAIL has signed a pact with the National Health Authority for impalement of 14 of its hospitals under Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana (PM-JAY). PM-JAY is the government’s flagship scheme which provides health cover of Rs 5 lakh per family per year to around 50 crore poor and vulnerable individuals. The MoU was signed on Wednesday in the presence of senior officials of SAIL and the National Health Authority, the steel PSU said. “SAIL has signed an MoU with NHA for impalement of its hospitals under PM-JAY. At 14 SAIL hospitals/healthcare units at various locations like…
(FE) The ministry of new and renewable energy (MNRE) has cancelled the financial assistance proposals of 22 small hydro power (SHP) projects across the country. These projects, with a cumulative capacity of around 175 MW, would not receive any financial support from the government “as the project developers did not submit the desired documents pertaining to their projects despite repeated requests from this ministry”, the MNRE said. A senior MNRE official told FE that “apart from ensuring we make accurate provisions in our budget for such subsidy disbursal, the government wants to caution the developer community that compliance norms cannot…
(PTI) The Supreme Court on Wednesday dismissed the plea filed by one of the four convicts in the Nirbhaya gang rape and murder case, seeking review of its 2017 judgement upholding his death penalty.A three-judge bench headed by Justice R Banumathi said there are no ground to review the 2017 verdict and the contentions raised by convict Akshay Kumar Singh were already considered by the top court in the main judgement. The bench also comprising justices Ashok Bhushan and A S Bopanna, said that review petition is not “re-hearing of appeal over and over again” and the top court had…
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman held the Pre-Budget consultations with Finance Ministers of States and UTs (with legislature) here today. The meeting was attended by Chief Ministers of Goa, Haryana and Puducherry, Deputy Chief Ministers of Arunachal Pradesh, Bihar, Delhi, Tamil Nadu and Tripura as well as 17 Finance Ministers/Ministers representing their states and senior Officers from Union Government and States. Union Minister of State for Finance & Corporate Affairs Shri Anurag Singh Thakur also attended the meeting. Smt. Sitharaman elucidated Union Government’s philosophy of “Cooperative Federalism” and steps taken by the Union Government to bolster…
Quality Council of India (QCI) along with PHD Chamber of Commerce and Industry (PHDCCI) is organizing its 11th Regional Quality Conclave (RQC) on 20th December 2019 at, Rudrapur, district Udham Singh Nagar, Uttarakhand. The Conclave will be inaugurated by Madan Kaushik,Minister of Urban Development Government of Uttarakhand.Faggan Singh Kulaste,Minister of State, Ministry of Steel, Government of India will also attend. The theme of the RudrapurRQC is “Advance Manufacturing with Quality, Innovation & Technology Interventions.” The objective of the Conclave is to create awareness about significance of quality culture in businesses, deliberate on how organizations could continuously improve and innovate and share…