(FE) Niti Aayog Vice Chairman Rajiv Kumar on Friday called for further reforms in banking sector after the recent recapitalisation and mergers, saying banks need autonomy and work at arm’s length from the government. Speaking here at the India Economic Summit, Kumar also said the government must consider tapping capital markets and raise long- term funds for creating long-term assets through routes such as sovereign bonds and not only look at banking sector for financing infrastructure development. “I think that the next focus will have to be on governance reforms in a very major way, governance reforms in the banking…
Author: Aruna Sharma
(LiveMint) Indian Railways will play and an important role towards the development of Jammu and Kashmir (J&K), Home Minister Amit Shah said, flagging off the Indian Railways’ Vande Bharat Express from New Delhi on Thursday. “Vande Bharat train is a big step towards giving a boost to tourism in the state,” Shah said. The first commercial run New Delhi-Katra Vande Bharat Express will begin October 5. The train will cut down the travel time between Delhi and Katra—the last station on the way to Vaishno Devi Temple– to eight hours from 12 hours now. The first New Delhi-Varanasi semi-high speed Vande Bharat Express,…
(PTI) Prime Minister Narendra Modi on Thursday lauded the cleanliness drive launched by Reliance Industries’ philanthropy arm Reliance Foundation and the Tata Group, as his ‘Clean India’ mission finds acceptance from common man to high and mighty of corporate India. Modi retweeted tweets by Reliance Foundation and Tata Group highlighting the cleanliness work undertaken by them in various parts of the country.”Heartening to see people coming together for cleanliness across urban and and rural India,” he wrote re-tweeting a tweet of Reliance Foundation. Retweeting a Tata Group tweet, he said, “the excellent work of the Tata Group towards furthering cleanliness…
(FE) Apart from mapping coal stocks in mines, the portal will also help stakeholders monitor the movement of railway rakes and coal availability at power plants. In line with the government’s predisposition for acronyms, Prakash stands for ‘Power Rail Koyla Availability through Supply Harmony’. The government on Thursday launched a web portal, Prakash, with a view to improving coordination between the power, coal and railway ministries to ensure coal supplies to power plants. The portal was jointly launched by power minister RK Singh and coal minister Pralhad Joshi. Apart from mapping coal stocks in mines, the portal will also help…
(FE) Bihar Weather Today, Rain Forecast in Patna Updates: The weather department has predicted heavy rainfall in Patna and other parts of Bihar for next two days. Areas like Rajendra Nagar and Kankarbagh remain submerged for the eighth day on Friday, and with the weather department issuing an alert for heavy rains in the next couple of days the situation is likely to worsen. Rajendra Nagar, one of the worst hit areas, is under four feet of stagnant water adding to the misery of locals. Though the administration said it has brought in heavy duty pumps to flush out water, situation…
In a major recognition of its skill development initiatives, ONGC has been felicitated and honored by the Ministry of Skill Development and Entrepreneurship for exhibiting outstanding contribution towards development of future workforce, through engagement of apprentices in the organization during FY 2016-2019. ONGC has been selected for the award for engaging more than 4000 apprentices during the successive Financial Years. On behalf of ONGC, ED-Chief SDCs Mr Somesh Ranjan and CGM (HR) Ms Shanthi Wadhwani received the certificate of appreciation award from the Minister of Skill Development & Entrepreneurship Dr Mahendra Nath Pandey and Minister of State for Skill Development…
(TimesNow) HPCL’s proposed plan to acquire the Mangalore Refinery and Petrochemical Led (MRPL) for synergy is yet to reach board level discussions, its CMD MK Surana said on Thursday. “We are working on that. Earlier we have said that makes a synergy for HPCL and we are working with the ONGC for this. It is work in progress. It has not reached the board stage and once finalized, it will go to the three boards – HPCL, MRPL and ONGC,” Hindustan Petroleum Corporation Ltd Chairman and Managing Director Surana told IANS on the sidelines of India Economic Summit here. In August, ONGC…
(ET) Saudi Aramco bought 30,000 tonnes of gasoline from Reliance Industries (RIL) right after the attacks on the former’s units as part of a contingency plan to deal with likely shortages in committed transport-fuel supplies, sources aware of the purchases told. Aramco’s two major units that process primarily light crude were attacked by drones on September 14. Right after the attacks, Aramco’s trading arm is believed to have purchased cargoes of gasoline, diesel, aviation fuel and even petrochemical feedstock to ensure disruption-free supplies. “RIL received an order two days after the attack, with a request to supply at the earliest…
(PTI) State-owned GAIL India Ltd and its affiliates have set a target to provide 11.44 lakh piped cooking gas connections in the current fiscal as they chase what now looks like a highly improbable target of connecting one crore households with environment-friendly fuel by next year. GAIL and its joint ventures such as the ones that retail CNG and piped cooking gas in Delhi and Mumbai had achieved just 60 per cent of the target to give 11.25 lakh connections in the 2018-19 fiscal year, according to company’s target document reviewed by . In March 2015, Prime Minister Narendra Modi…
(ET) The Reserve Bank of India is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing. The RBI is predicted to lower its key lending rate or the repo rate by 25 basis points (bps) to 5.15%, which would take cumulative cuts so far this year to 135 bps. Most analysts forecast one more cut of 15 bps in December. Some RBI watchers expect a larger cut this week, after it cut the repo rate but an unconventional…