(LiveMint) The Reserve Bank of India (RBI) on Tuesday said housing finance companies (HFCs) will be treated as a category of non-banks, adding, it will release a revised regulatory framework for these entities. This comes after the Finance Act, 2019 amended the National Housing Bank Act, 1987, conferring certain powers for regulation of HFCs with the Reserve Bank of India. “HFCs will henceforth be treated as one of the categories of non-banking financial companies (NBFCs) for regulatory purposes. Reserve Bank of India will carry out a review of the extant regulatory framework applicable to HFCs and come out with revised regulations…
Author: Aruna Sharma
(BS) Net Loss of IFCI reported to Rs 6.72 crore in the quarter ended June 2019 as against net loss of Rs 350.29 crore during the previous quarter ended June 2018. Sales declined 20.18% to Rs 636.88 crore in the quarter ended June 2019 as against Rs 797.90 crore during the previous quarter ended June 2018.ParticularsQuarter EndedJun. 2019Jun. 2018% Var.Sales636.88797.90 -20 OPM %127.38-0.98 -PBDT424.55-482.34 LP PBT405.00-498.01 LP NP-6.72-350.29 98. Sales decline 20.18% to Rs 636.88 crore
(CNBC) In a bid to boost the natural gas sector, the government is looking to introduce a wave of reforms for the sector. The Ministry of Petroleum and Natural Gas has prepared a Cabinet note which proposes snapping the power sector’s priority access to cheaper gas, setting up a gas trading platform to encourage market discovery prices, the report said citing unnamed officials. The ministry also wants to break away from GAIL’s transportation unit to enhance third-party access to its pipeline, said the report. India produces just half of the gas that it consumes at present while a government set formula determines…
(AU) दिल्ली-एनसीआर में मानसून एक बार फिर सक्रिय हो गया है। मंगलवार को भी कई इलाकों में अच्छी बारिश हुई। इससे दिल्ली-एनसीआर में लोगों को उमस से राहत मिली। बारिश से मौसम भी सुहाना हो गया। मौसम विभाग ने उत्तर पश्चिम भारत में मानसून के सक्रिय होने के कारण अगले चार दिनों तक अच्छी बारिश की संभावना जताई है। विभाग ने 14, 17, 18 अगस्त के लिए बारिश का ओरेंज अलर्ट और 15 व 16 के लिए येलो अलर्ट जारी किया है। 15 अगस्त को भारी बारिश के आसार हैं। दिल्ली में मंगलवार को अधिकतम तापमान 35.5 और न्यूनतम 27.0…
(TNIE) The country’s biggest oil firm Indian Oil Corporation (IOC) will invest Rs 2 lakh crore in next 5-7 years to expand refining and petrochemical capacities in order to maintain leadership position, its Chairman Sanjiv Singh said. The plan is to almost double its oil refining capacity to 150 million tonnes per annum, expand fuels and LPG retailing network, jack up petrochemical production capacity and produce more crude oil and gas. IOC is implementing a Rs 2 lakh crore investment plan in next 5-7 years “to evolve into a future-ready corporate that provides comprehensive energy solutions to diverse user groups in an…
(AU) जम्मू कश्मीर को विशेष राज्य का दर्जा देने वाली संविधान की धारा 370 और अनुच्छेद 35ए निष्प्रभावी होने के साथ ही केंद्र सरकार यहां विकास विकास की रफ्तार तेज करने की कवायद में जुट गई है। इसके लिए सबसे पहले मोदी सरकार ने जम्मू-कश्मीर में इन्वेस्टर समिट कराने का निर्णय लिया है। सूत्रों का कहना है कि पीएम नरेंद्र मोदी स्वयं इस इन्वेस्टर समिट का उद्घाटन करेंगे। जम्मू-कश्मीर के प्रमुख सचिव (वाणिज्य और उद्योग) एनके चौधरी ने बताया कि 12 से 14 अक्टूबर तक घाटी में पहला इन्वेस्टर समिट का आयोजन कराया जाएगा। उन्होंने कहा कि यह समिट श्रीनगर…
Highlights: Gross Revenue Rs.26,555 Crore Records 3.7 % increase in Natural Gas production Records 5.8 % increase in Value Added Products (VAP) 4 discoveries made in Q1 FY’20 In its 321st Meeting held on 13th August, 2019, ONGC Board approved the results for First Quarter (Q1) of FY 2019-20 (FY’20) as detailed below: 1.Financial Performance (Standalone) Particulars Q1 2019-20 Q1 2018-19 % variation FY’19 Gross Revenue (Rs.Crore) 26,555 27,213 (2.4) 1,09,655 Net Profit (Rs.Crore) 5,904 6,144 (3.9) 26,716 Crude Oil Price-Nominated Net Realization (US$/bbl) 66.30 71.49 (7.3) 68.19 Net Realization (Rs/bbl) 4,612 4,792 (3.8) 4,766 Crude Oil Price-JV Realization (US$/bbl) 66.78 67.97 (1.8)…
(ET) Hindustan Petroleum Corporation (HPCL) finally recognised its majority owner ONGC as its promoter in public filings, following a harsh directive from the market regulator last week. The state-owned company had ignored directives from the government as well as the Securities and Exchange Board of India (Sebi), forcing the latter to set a deadline of August 13 and warn of “appropriate action” if it failed. This forced the HPCL management to act quickly. Sebi had also ordered HPCL’s company secretary to place the letter containing its directives before the board of directors and disseminate the letter to stock exchanges. For more…
(FE) The Supreme Court on Tuesday refused to interfere in the administrative restrictions imposed in Jammu and Kashmir, including restoring communication services and free movement, after the Centre removed the special category status enjoyed by the state under Article 370 last week. Observing that the Centre was free to take the call on the curbs, given the sensitivity of the situation, a Bench led by Justice Arun Mishra said it was against playing the role of a day-to-day administrator, as restoration of normalcy in the state cannot be accomplished overnight and the government needed “reasonable time” to do so. “Nobody can…
(PTI) Walking through the wild and taking a ride on a cold river in a makeshift boat were some of the things that Prime Minister Narendra Modi put up with as he teamed up with survivalist Bear Grylls to promote causes close to his heart — conservation and cleanliness. In Discovery channel’s, “Man Vs Wild with Bear Grylls and Prime Minister Modi”, he braved the rain and the cold in the jungles of Jim Corbett National Park, Uttarakhand, and as the host put it, the PM was a “great sport”. Grylls, who has had celebrity guests before on his show, including…