(PTI) Steel Minister Dharmendra Pradhan on September 23 said that in the next two-three years, India will be in a position to remain a net exporter of steel for years.The minister was speaking at an event ‘Chintan Shivir’, organised by the steel ministry. The event had a theme of making the domestic steel sector “vibrant, efficient and globally competitive”. Currently, India has a production capacity of about 140 million tonne (MT) capacity and produces over 100 MT of steel annually, he said. “We also produce saleable steel. We sometimes become importer, sometimes we are exporter. At present, we are net importer,…
Author: Aruna Sharma
(LiveMint) Tellurian Inc. has signed a $7.5 billion agreement for India’s Petronet LNG Ltd to buy a stake in its proposed liquefied natural gas (LNG) terminal in Louisiana, in what could potentially be one of the largest foreign investments in the US for shipping shale gas abroad. Petronet will spend $2.5 billion for an 18% equity stake in the $28 billion Driftwood LNG terminal, the largest outside holding so far in the project, and negotiate the purchase of 5 million tonnes of gas per annum. The remainder of the total will come from debt, Tellurian chief executive officer (CEO) Meg…
(FE) Welcoming the Centre’s decision to cut corporate tax rates, Uttar Pradesh chief minister Yogi Adityanath said the move will benefit UP the most. Terming the move to cut corporate tax rates as ‘historic’ and ‘bold’, he said the measures are a precious pre-Diwali gift to the sector from Prime Minister Narendra Modi and finance minister Nirmala Sitharaman and that slashing tax rate will result in more investment by corporates, higher growth, more jobs, higher productivity and higher income. He expressed confidence that the move will ‘not only enable India to become a $5 trillion economy by 2024, but also help in providing…
(FE) Finance minister Nirmala Sitharaman on Sunday clarified that the sharp cut in corporate taxes would not crimp government expenditure. The lower tax rate would dramatically improve India’s competitiveness, she said, pointing out that if players like Apple chose to set up shop in India, it would send out a big signal to the global investor community. Sitharaman asserted there would be no cutback in expenditure to compensate for the potential revenue forgone of Rs 1.45 lakh crore in FY20 due to the sharp cut in corporate tax rates of nearly 10 percentage points. On the contrary, the FM said expenditure…
(FE) Prime Minister Narendra Modi left for New York to address the United Nations General Assembly (UNGA) and participate in other “multilateral and bilateral” engagements after his “historic” visit to Houston, the Ministry of External Affairs (MEA) said on Sunday. “Farewell Texas! After an unprecedented and historic visit to Houston, PM @narendramodi departs for New York City to address the #UNGA74 and participate in other multilateral and bilateral engagements,” MEA spokesperson Raveesh Kumar said in a tweet. Earlier, in a grand show of friendship and common vision, the prime minister shared the stage with US President Donald Trump at the gala “Howdy,…
(PTI) Ahead of Prime Minister Narendra Modi’s American visit, Commerce Minister Piyush Goyal on Friday said India and US should aim to increase bilateral trade to USD 500 billion from the under USD 150 billion. The minister also said that both the governments are working on “hiccups” which have impacted the ties in the past, and seeking to strengthen the relationship. The Commerce Minister’s remarks come a day ahead of Modi’s American visit, where he is going to address a joint event with US President Donald Trump. Trade ties between the two countries have been mixed in the immediate past, with…
(Hindustan) उच्चतम न्यायालय ने लगभग 40 वर्ष बाद सुप्रीम कोर्ट में एकल जज पीठ शुरू करने का फैसला किया है। मुख्य न्यायाधीश रंजन गोगोई ने सुप्रीम कोर्ट रूल्स, 2013 में संशोधन कर इसका रास्ता साफ कर दिया। शीर्ष अदालत में शुरू होने वाली एकल जज पीठें जमानत (सीआरपीसी की धारा 437, 438 और 439) के ऐसे मामलों में सुनवाई करेगी जिनमें सात वर्ष तक की सजा का प्रावधान हो। यह पीठ मुकदमे एक राज्य से दूसरे राज्य में स्थानांतरित (सीआरपीसी की धारा 406 तथा सीपीसी की धारा 25) करने के मामले भी सुनेगी। साथ ही ऐसे मामले भी सुनेंगी जिन्हें मुख्य…
(ET) India’s Petronet LNG is set to sign a deal with US liquefied natural gas (LNG) developer Tellurian Inc worth more than $2 billion in the proposed Driftwood project in Louisiana, two sources told. This will be part of wider cooperation between both countries, with Indian Prime Minister Narendra Modi expected to meet US President Donald Trump in Houston this weekend to discuss ways to deepen their energy and trade relationship. India could increase its trade footprint at a time when the United States and China are in the midst of a tit-for-tat trade war, analysts have said. Petronet will sign a memorandum of understanding (MOU) with Tellurian on Saturday…
(AU) महाराष्ट्र और हरियाणा में होने वाले विधानसभा चुनाव की तारीखों का एलान आज होगा। आज दोपहर 12 बजे चुनाव आयोग की प्रेस कांफ्रेंस है। संभावना जताई जा रही है कि दोनों राज्यों में अक्तूबर में चुनाव शुरू हो जाएंगे। आज चुनाव का शेड्यूल जारी होगा और आज से ही दोनों राज्यों में आदर्श आचार संहिता लागू हो जाएगी। चुनाव के तारीखों की घोषणा होते ही दोनों राज्यों में शुक्रवार से आदर्श आचार संहिता लागू हो जाएगी। आदर्श आचार संहिता लागू होने के बाद वर्तमान सरकार न तो कोई नई घोषणा कर सकेगी और ना ही कोई नई योजना लागू कर पाएगी।…
(TH) India and Mongolia can collaborate together to boost commercial linkages said Minister of Petroleum and Natural Gas, Dharmendra Pradhan. Speaking at the ‘Business Meeting with President of Mongolia’ organised by industry chambers, Pradhan said, “The construction of $ 1 billion oil refinery, with 1.5 million metric tonne capacity with Indian assistance is a shining example of our friendship. I am glad that EIL is providing consultancy for this project. Upon completion in 2022, this project will meet about 3/4th requirement of petroleum products in Mongolia. This will help develop ancillary industries too.”Pradhan said that Coking coal from Mongolia can support India’s…