(FE) While one criticism of the recent sharp reduction in corporate tax rates is that it might not boost consumption demand which is in the doldrums, the Niti Aayog has recommended that a scheme for large-scale public procurement of buses be launched soon, on the lines of the Jawaharlal Nehru National Urban Renewal Mission (JNURM), which was a component of the post-Lehman fiscal stimulus in 2009. The think-tank, according to a senior official, said as many as 60,000 buses be procured over a year or so, using predominantly funds from the Central Budget, but also with part-financing of the scheme…
Author: Aruna Sharma
(Sarkaritel) It may still be a long road ahead for privatisation of public sector oil refiner Bharat Petroleum Corporation Ltd (BPCL). The possibility of legal challenge over any plan to sell the government stake in the oil PSU has pushed executives and government officials to seek fresh legal opinion on the proposed disinvestment move. “BPCL and HPCL were acquired through an Act of Parliament. In these two cases, the Supreme Court also gave an order restraining the government from selling its equity without Parliamentary approval. After this, several legislations were repealed by the government through the 2016 Repeal Act. We…
(AU) चित्रकूट के कामदगिरी परिक्रमा मार्ग पर यात्रियों को शेड की छांव में परिक्रमा लगाने को मिलेगी और रामघाट पर स्वादिष्ट भोजन भी मिलेगा। रामायण सर्किट की तहत चित्रकूट में कराए जा रहे पर्यटन विकास के कार्य अब पूरे हो रहे हैं, जल्द ही श्रद्धालुओं को चित्रकूट का नया स्वरूप देखने को मिलेगा। केन्द्र सरकार ने स्वदेश दर्शन योजना के तहत चित्रकूट के लिए 45.28 करोड़ रुपये के प्रोजेक्ट मंजूर किए थे। इसमें केन्द्र और राज्य सरकार ने अब तक कुल 29 करोड़ 88 लाख 72 हजार रुपये जारी किए हैं। चित्रकूट में कामदगिरी परिक्रमा मार्ग पर शेड लगाने का…
(LiveMint) As part of its strategy of creating an energy security architecture for its partners, India’s oil minister Dharmendra Pradhan is in resource-rich Mongolia today for the commissioning of railway, road and power transmission infrastructure for the construction of country’s first petrochemical refinery. The Mongol refinery project is the largest project undertaken by the government of India under its Lines of Credit (LoC) programme and is expected to cut some of Mongolia’s fuel import dependence. The petrochemical refinery to be built at an approximate cost of $1.25 billion utilising the $1.236 billion line of credit from India comes in the…
(FE) The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) will organise the first national RERA conclave on November 1 at Lucknow to help regulators from different states prepare a management plan for future growth. The conclave, ‘Transforming Realty with RERA’, will be inaugurated by chief minister Yogi Adityanath and Union minister Hardeep Singh Puri and is likely to be attended by RERA chairmen of all states. Speaking to FE, UP-RERA chairman Rajive Kumar said the objective of the one-day event is to find ways to strengthen the RERA Act. “The real estate sector is going through transformation. We are witnessing a major…
(ET) Union Minister for Petroleum and Natural Gas Dharmendra Pradhan will pay a two-day visit to Mongolia from October 8 as a follow up of the state visit by Mongolian President Khaltmaagiin Battulga in September, an official statement said on Sunday. “On October 8, the Minister will participate in the opening ceremony of infrastructure that Mongolia has already constructed for the Indian funded, Mongol Refinery project,” the statement read. The refinery project is being developed under a line of credit of USD 1.236 billion extended by New Delhi during Prime Minister Narendra Modi’s visit to Mongolia in 2015 and subsequently enhanced during the State visit of the President…
(ET) Oil and Natural Gas Corporation (ONGC), India’s largest petroleum explorer, plans to drill 24 exploratory wells in a new block in Cauvery asset off the east coast won under the third round of Open Acreage Licensing Policy (OALP) at a cost of Rs 672 crore The block lies in onland part of Ramanathapuram and Sivaganga Districts in Tamil Nadu and in shallow offshore of Bay of Bengal. ONGC expects finding around 25-30 Million Tonne of Oil and Oil Equivalent of Gas reserves through drilling of the proposed wells. “Based on the Geological & Geophysical Studies in the area, five prospects have already…
Exclusive interview of founder of Molyar Interior Design Studio Molyar Partner LLP is a New Delhi Based Interior Design Studio. Molyar is a pahadi word, which translates into the magic that spring weaves into nature and makes everything new and beautiful. The studio works on residential, office, and commercial spaces, with full dedication, and fresh unique design concepts. We spoke with Peridhi Bhandari, the founder and Lead Interior Designer of Molyar. Peridhi Bhandari believes that life is all but a constant quest of expression and nothing says more about us than the spaces we occupy. Her quest is of enabling people…
(IE) Five days to go for Chinese President Xi Jinping’s likely visit to India for an informal summit with Prime Minister Narendra Modi, there is no official confirmation from Beijing on it. The two leaders are expected to meet in Mamallapuram near Chennai on October 11-12. Sources said the next 24 to 48 hours are key to the announcement of the visit, stressing that the two sides have a very robust diplomatic communication in place. The announcement, sources said, would be done in coordination with each other once the confirmation comes through. In 2018 too, the announcement of the informal Wuhan summit between…
(ET) Overall financial flows to the commercial sector have declined sharply, by around 88 per cent, during the first six months of the current financial year amid the slowdown in the economy. According to the latest RBI data, the flow of funds from banks and non-banks to the commercial sector has been Rs 90,995 crore in 2019-20 so far (April to mid-September) as against Rs 7,36,087 crore in the same period last year. The commercial sector does not include farming, manufacturing and transportation. With the financial sector going through a turbulent phase, there was a reverse flow of Rs 1,25,600 crore…