Happy Birthday to the most dedicated, hardworking minister of India.Team Khabarindia Wishes you a beautiful day with good health and happiness forever. Happy Birthday!”
Author: Aruna Sharma
(FE) The Reserve Bank of India (RBI) has imposed a penalty of `1 crore on Lakshmi Vilas Bank (LVB) for non-adherence to certain provisions of Income Recognition and Asset Classification (IRAC) norms. In a disclosure to stock exchanges, LVB said the fine was imposed for non-adherence to guidelines on IRAC norms and divergence in respect of two non-performing assets accounts aggregating to Rs.169.50 crore for the year ended March 2017. In a note, the RBI said, the statutory inspection of the bank with reference to LVB financial position as on March 2017 revealed non-compliance on IRAC norms. Based on the inspection…
(LiveMint) Attracted by India’s electric vehicle (EV) mobility play, the BP’s group joint venture (JV) with Reliance Industries Ltd (RIL) may roll out charging networks across the country in the future, according to a top executive. This comes in the backdrop of RIL and BP JV having announced on 6 August their fuel retailing partnership for India. The joint venture, which is owned 51% by RIL and 49% by BP, plans to set up 5,500 fuel retail outlets across India. “As we plan to go forward is providing electric charging at the retail sites and networks. So, it doesn’t involve constructing the cars or…
(PTI) Amid reports of ONGC’s inability to derive any benefit out of its HPCL acquisition, Oil Minister Dharmendra Pradhan on Monday said the state-owned firm was free to sell its stake in the oil refining and marketing company. In its most expensive acquisition ever, Oil and Natural Gas Corp (ONGC) last year paid Rs 36,915 crore to buy government’s entire 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL). Despite being the majority stakeholder in the company, ONGC has only got one member on the board and virtually no say in the management. HPCL didnt even recognize ONGC as its promoter…
(PTI) Oil Minister Dharmendra Pradhan on Monday made a vehement appeal to Finance Minister Nirmala Sitharaman for bringing jet fuel and natural gas under the ambit of GST to reduce multiplicity of taxes and improve business climate. When GST was introduced on July 1, 2017 amalgamating over a dozen central and state levies, five commodities – crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) – were kept out of its purview given the revenue dependence of state governments on this sector. “It has been two years since the historic tax reform GST was implemented,” Pradhan said at India…
(FE) Finance Minister Nirmala Sithraman has asked the big companies to pay off their dues, left to pay MSMEs. The big companies have around Rs 40,000 crores outstanding to pay to the MSMEs. After meeting the heads of PSU banks to review the credit growth, she said that the banks have disbursed Rs 81,700 crores between 1- 9 October. She added that second outreach programme will take place from 21-25 October. The focus of the meeting remained the liquidity support to the non-banking finance companies. However, the FM added that the PSU banks have informed that there is sufficient liquidity in…
(ET) The national highways authority of India (NHAI) will be able to earn Rs. one lakh crores in revenue from toll and wayside amenities over the next five years, Union Minister of Road Transport and highways Nitin Gadkari said on Monday. Gadkari said that as the government goes on to build additional roads, the length of roads with tolling system will increase to 75,000 kms over the next five years. Currently, around 24,996 kms are under the tolling system, and over 2,000 kms will be added by the current financial year. “The toll income by the end of this (financial) year will…
(PTI) Prime Minister Narendra Modi on Sunday said though the world was faced with a “challenging time” India is stronger to deal with the same. He also said the rural economy was not paid attention to earlier unlike his government has done and added that Rs 25 lakh crore will be spent on the development of infrastructure in villages. Addressing a poll rally at Sakoli in Bhandara district of Maharashtra, Modi said in earlier days schemes were worked out on caste and community considerations. “However, for my government, only people matter,” he said, adding that farmers, the poor and deprived sections…
India Today Group in a first-of-its-kind partnership with Garena, a leading games developer and publisher today launched the Biggest Free Fire Gaming League in India – Free Fire India Today League’. Amidst much fervour, the e-gaming event was inaugurated by Hon’ble Union Sports Minister Shri Kiren Rijiju. Team ‘Nawabzade’ emerged as the ‘India Grand Master’ (Winner) of ‘Free Fire India Today League’ held at Siri Fort Auditorium today. 12 teams which qualified for the Grand finale of ‘FFITL’ fought for the title ‘India Grand Master’. The 12 Grand Finale teams were selected after a gruelling online qualifier among a record…
(PTI) After being one of the most followed leaders on Twitter, Prime Minister Narendra Modi’s popularity has also surged on Instagram, way ahead of other global leaders. Modi is the most followed world leader on this platform with 30 million people following his Instagram account. On Instagram, he is ahead of US President Donald Trump as well as former US President Barack Obama. Modi is also the only world leader to reach the 30 million followers’ milestone. “PM @NarendraModi crosses 30 million followers on Instagram. He is the most followed world leader on Instagram ahead of US President Trump as well…