(Pioneer) Punjab State would get 6,192 kilolitre non-subsidized kerosene oil on the occasion of celebrations of 550th prakash purb of Guru Nanak Dev. Informing this, the state Principal Secretary (Food, Civil Supplies and Consumer Affairs) KAP Sinha said that Punjab Government’s request to the Union Ministry of Petroleum and Natural Gas (MoP&NG), for allocation of non-subsidized kerosene for special needs for the year 2019-20, has been considered and the State has been allocated 6192 kilolitre non subsidized PDS kerosene for the year. Sinha said that a number of religious activities like kirtan, katha, prabhat pheri, langar and educational activities such…
Author: Aruna Sharma
(FE) Union finance minister Nirmala Sitharaman said in Mumbai on Thursday that the government will set up a group of secretaries (GoS) under the ministry of finance to study the shortcomings of the Multi-State-Cooperatives, which run banks such as Punjab and Maharashtra Cooperative (PMC) Bank. The idea is to amend specific Cooperative Acts in the winter session of the Parliament in December to prevent repetition of PMC like events in future. “The two secretaries of the department of economic affairs and the ministry of banking have been asked to work with rural development and urban development minsitries to study in…
(FE) Power Grid Corporation of India (PGCIL) plans to set up an Infrastructure Investment Trust (InvIT) by the end of FY20 to unlock value in some of its transmission assets.The company took an in-principle board approval to set up the InvIT on October 1. Sources close to the development told Financial Express that the company was in the process of appointing a consultant to advise on the InvIT. “To begin with, the company will look at monetisation of transmission assets of Rs 10,000 crore, and depending on the initial response, they will decide on the future course of action,” sources…
(LiveMint) Chinese President Xi Jinping arriving today for the second India-China informal summit meeting with Prime Minister Narendra Modi amid hopes that they will craft an overarching framework to develop bilateral ties by addressing a growing list of irritants. There is no set agenda for the talks in Mammalapuram, Tamil Nadu, but a loosely scripted outline will allow the two leaders to pick up subjects under broad themes such as international and bilateral issues, said a person familiar with the development said. Given that Modi has been re-elected with a stronger majority in Parliament than in 2014 and Xi is viewed as president for life,…
HPCL has collaborated with District Administration Ranchi for ‘Plastic Free Ranchi’ by involving more than three lakhs School Children as part of Swachhta Hi Seva (SHS) 2019, a Jan Andolan for Swachhta being celebrated across the Country, from 11th September to 27th October 2019. Swachhta Hi Sewa (SHS) is being celebrated every year since 2017 to generate awareness and sensitize masses on the importance of cleanliness and their responsibility towards clean India.Under a joint initiative with District Administration Ranchi, a unique youth centric large scale sensitization program for School Children was undertaken which included Shramdaan for the collection of Plastic…
(Tribune) Chief Minister Jai Ram Thakur on Tuesday stressed the need for conservation of endangered animal and bird species. At the concluding ceremony of the Wildlife Week here, Thakur said even in the mythology, the wildlife was given utmost importance. Birds, animals and snakes used to be worshipped back then. He appreciated the wildlife wing of the Forest Department for its efforts to conserve cheer pheasant. “Stress should be on the conservation of endangered species,” the Chief Minister said. This year’s theme of the Wildlife Week was snow leopard, the state animal of Himachal. The Chief Minister unveiled a souvenir on…
(LiveMint) Lakshmi Vilas Bank Ltd said on Wednesday the central bank has not approved its merger with Indiabulls Housing Finance Ltd. Ending months of uncertainty around the proposed merger, the Lakshmi Vilas Bank (LVB) on Wednesday said in a stock exchange filing, “This is to inform that RBI vide their letter dated October 09, 2019, informed that the application for voluntary amalgamation of lndiabulls Housing Finance Ltd and lndiabulls Commercial Credit Ltd with Lakshmi Vilas Bank Ltd cannot be approved.” In April, private sector lender Lakshmi Vilas Bank Ltd had informed exchanges that its board has approved a merger with mortgage financier…
(LiveMint) All urban properties in Uttar Pradesh will now be linked to the Aadhaar cards of the owners. The Yogi Adityanath government is preparing to implement the Urban Properties Ownership Record (UPOR) Scheme, on the pattern of Karnataka. “This scheme will help in identifying ‘benami’ properties, multiple properties and will also increase tax collection in Municipal Corporations,” said a senior official. At present, most Municipal Corporations do not have data of property ownership within their Municipal limits, which often leads to legal disputes. The scheme is reportedly being implemented on the initiative of K. V. Raju, financial advisor to Chief Minister Yogi Adityanath. “The scheme, in the initial…
(NDTV) A Pakistan-origin drone was spotted by Border Security Force (BSF) personnel over Ferozepur district in Punjab late on Wednesday evening. This is the second time in the last three days that drones have been spotted in this area. According to news agency IANS, they were seen over Hazarsingh Wala village at 7.20 pm and then over Tendiwala village at 10.10 pm. Drones had earlier been spotted thrice on Monday night, with one reportedly flying at least a kilometre into Indian airspace before vanishing from view around midnight. Earlier the same night BSF personnel also saw more drones near the…
(NDTV) The Indian economy which has largely been subdued in the past few quarters and signs of a slowdown have cropped up, is likely to face several more risks in the near term, according to the Reserve Bank of India (RBI). The RBI in its Monetary Policy Report, October 2019, has also said that a combination of domestic and global headwinds has depressed economic activity in the country. “A combination of domestic and global headwinds has depressed economic activity, especially in terms of aggregate demand. The near-term outlook of the Indian economy is fraught with several risks,” said the report. It said that…