(PTI) Leaders of cooperative sector should think of a self regulatory mechanism to strengthen it and prevent recurrence of scams like Punjab and Maharashtra Cooperative Bank case, Commerce and Industry Minister Piyush Goyal said on Sunday. He said that whistle blowers should come forward wherever such things are happening, as several people must have been involved in such a scam. “I do not think that such a scam can happen without involvement of hundreds of people. Several accounts must have been opened, funds must have been diverted. Branches and some employees must have been involved in this,” Goyal said. It…
Author: Aruna Sharma
(PTI) State-owned Air India said the aviation jet fuel payment issues are being sorted out and will be resolved soon with the oil PSUs, which have warned the carrier of snapping supplies at six key airports if it does not make monthly lump sum payment by October 18. The airline also “assured” its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue. “The issues with oil companies are being sorted out and would be resolved early,” Air India spokesperson Dhananay Kumar said in a statement. In a letter sent to Air…
(PTI) After a broad-based deceleration in the initial quarters of this fiscal year, India’s growth rate is projected to fall to 6 percent, the World Bank said on October 13. In 2018-19, the growth rate of the country stood at 6.9 percent. However, the bank in its latest edition of the South Asia Economic Focus said the country was expected to gradually recover to 6.9 percent in 2021 and 7.2 percent in 2022 as it assumed that the monetary stance would remain accommodative, given benign price dynamics.The report, which has been released ahead of the annual meeting of the World Bank with…
(PTI) India is investing over $60 billion in developing natural supply and distribution infrastructure as it chases the target of more than doubling the share of natural gas in its energy base to 15 percent by 2030, Oil Minister Dharmendra Pradhan said on October 13. Natural gas currently constitutes 6.2 percent of all energy consumption in the country. Stating that the government has laid emphasis on developing a gas-based economy, he said natural gas is gradually becoming a bridging fuel for low carbon economy in India.The government is giving special impetus to develop gas infrastructure across the length and breadth of…
(BS) The government’s plan to privatise Bharat Petroleum Corporation (BPCL) is likely to clear the decks for Oil and Natural Gas Corporation (ONGC) to bring in a strategic private or foreign partner in its subsidiary Hindustan Petroleum Corporation (HPCL). A core group of secretaries on disinvestment on September 30 gave its nod to sell all of the government’s 53.29 per cent stake in BPCL. According to sources close to the development, the government is working on a Cabinet note for BPCL stake sale, and the matter is likely to be taken up by the Cabinet Committee on Economic Affairs in…
(ET) The coal despatch has been affected due to continuous protest by locals at Balram open cast project in Talcher coalfields of Mahanadi Coalfields Limited (MCL), said a statement on Friday. It said at least 60,000 tonne coal could not be supplied to various consumers due to the stoppage of coal dispatch.The residents of Danara village has stopped coal supply from the mines since October 6 over various reasons, the MCL statement said. Major consumers including Nalco, Jindal India Thermal Power Ltd (JITPL), Jindal Steel and Power Ltd (JSPL), Bhusal Steel, and GMR affected due to the stoppage of coal despatch from Solada stock, said the statement.Danara villagers on Thursday stopped overburden…
(BS) On the first day of their informal summit in the historical port town of Mamallapuram, Tamil Nadu, Prime Minister Narendra Modi and visiting Chinese President Xi Jinping on Friday discussed India’s trade deficit with China and the need to enhance bilateral trade, both by volume and value. They also discussed the common challenge of radicalisation and terrorism that the two countries face. In the wake of recent developments over the Kashmir issue, there were concerns if the two leaders would be able to rekindle the “Wuhan spirit”, a reference to their first informal summit in China in April 2018 that had helped the…
(PTI) The government has kicked off strategic disinvestment exercise for this fiscal by inviting bids from advisers for sale of its controlling stake in three PSUs of Container Corporation of India (Concor), NEEPCO and THDC India. Earlier this month, the Union Cabinet cleared a proposal of 30 per cent stake sale in Concor. Presently, the government has 54.80 per cent shareholding in the company and with the stake sale, the government will lose the management control. Besides, the Cabinet had cleared government’s stake sale in power companies THDC India and North Eastern Electric Power Corporation (NEEPCO) to NTPC. In strategic…
(OD) Union Minister Dharmendra Pradhan Friday launched a scathing attack on Chief Minister Naveen Patnaik, accusing him of betraying the people of Bijepur by resigning from the seat he had won in the April Legislative Assembly election. Pradhan, launched his party’s campaign from Gaisilata block, part of the Bijepur Assembly segment, where the by-poll is scheduled October 21. BJP has fielded Sanat Gartia on the seat.Patnaik was elected from two Assembly seats – Hinjili in Ganjam district and Bijepur in Bargarh district. He quit the membership of Bijepur in June this year.While urging people to vote for the BJP nominee, Pradhan sought…
(AU) देश के गृहमंत्री अमित शाह सोमवार को हिसार रोड स्थित टाउन पार्क के सामने विशाल रैली को संबोधित करेंगे। इसको लेकर तैयारियों जोरों पर चल रही हैं। रैली को लेकर पार्क के सामने विशाल टेंट लगाया जा रहा है तथा यहां दो मंच बनाए जाएंगे। रैली के माध्यम से राष्ट्रीय अमित शाह भाजपा प्रदेशाध्यक्ष सुभाष बराला के लिए मतों की अपील करेंगे। कार्यक्रम को लेकर सुरक्षा व्यवस्था को लेकर तैयारियां की जा रही है तथा ड्यूटियां लगाई जा रही है। भाजपा के राष्ट्रीय अध्यक्ष अमित शाह के दौरे को जानकारी देते हुए जिला महामंत्री रिंकू मान ने बताया कि…