(FE) Ircon International, which is executing various rail projects entrusted by the ministry of railways, has been rapped by the steel ministry for ‘flouting’ a government policy that seeks to protect domestic steel firms from cheaper imports. Under the Domestically Manufactured Iron & Steel Products (DMI&SP) policy, government agencies are mandated to use local steel in preference to imports to encourage domestic manufacturing. A waiver is granted by the ministry of steel when the product required is not available, domestically. Hard-pressed to meet deadline of commissioning of the Udhampur-Srinagar-Baramula section, Ircon placed an order with an Austrian company for 2,100…
Author: Aruna Sharma
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned one more pumping unit (Unit 5) of 116 MW of the 7×116 MW Kaleshwaram Lift Irrigation Scheme (LIS) Package-6 in Telangana. BHEL has earlier commissioned 4 Units of the same project in April and May, 2019. Significantly, the pump for each unit is designed to lift 89.16 cumecs (cubic metres per second) of water by 105.5 metres. Being developed by the Irrigation & CAD (I&CAD) department of the Government of Telangana, the greenfield lift irrigation project (formerly known as Pranhita Chevella) is located in Peddapalli district of Telangana. In the project, water shall be lifted from Sripada Yellampalli…
Mr Rajesh Kumar Srivastava took charge as the new Director (Exploration) of energy major Oil and Natural Gas Corporation (ONGC) Limited on 2 August 2019. He takes over the reins of exploration of India’s flagship explorer upon superannuation of Mr A K Dwivedi on 31 July. A post graduate from Lucknow University, with a Masters Degree in Engineering Geology from Indian Institute of Technology, Kanpur, Mr Srivastava joined ONGC as Geologist in 1984 at Krishna Godavari Basin, Rajahmundry. Speaking after assuming office, Mr Srivastava shared his views in regard to future potential for improvement in Exploration and Development to realize the…
(NDTV) The centre has scrapped Article 370, which grants special status to the state of Jammu and Kashmir, Home Minister Amit Shah told the parliament today. The moves come at a time when Jammu and Kashmir plunged into uncertainty after a massive security build-up and government advisory asking pilgrims and tourists to leave Kashmir immediately. The state remains on edge as restrictions have been imposed in several parts, with mobile internet and landline phone connections blocked in many places. Mehbooba Mufti, Omar Abdullah and Sajad Lone – the three most prominent politicians from Jammu and Kashmir – were placed under house arrest…
(ET) Ten of the 15 coal-fired power generation plants of the Gujarat State Electricity Company Ltd (GSECL) have been kept shut since the last three days owing to the reduced power demand in the wake of heavy rains in parts of the state, an official said on Sunday. Parts of Gujarat have been witnessing heavy rains since the last few days. In Vadodara, normal life was badly hit for at least two days starting Wednesday, after the city received nearly 500 mm rainfall in 24 hours till Thursday morning, creating a flood-like situation. “Following heavy rains in parts of Gujarat,…
(India CSR) GAIL (India) Ltd. spent Rs 119.29 Crore on CSR which is 2.74% of the average net profit of the preceding 3 years during FY 2018-19. This exceeds the government mandated 2% (Rs 87.21 crores). GAIL firmly believes that the commitment towards playing a defining role in the development of its stakeholders extends to uplifting lives of the marginalised segments of the society, living in and around its areas of operation, Company’s Annual Report stated. The company has complied with DPE guidelines regarding spends on identified Thematic Areas, i.e. School Education and Health. Health care & sanitation facilities have been enabled to…
(LiveMint) The Reserve Bank of India (RBI) on Thursday allowed Bank of China to offer regular banking services in the country. All commercial banks, like SBI, HDFC Bank, Punjab National Bank and ICICI Bank, are in the Second Schedule. Banks falling under this schedule have to adhere to the norms of the RBI. “We advise that the ‘Bank of China Limited’ has been included in the Second Schedule to the Reserve Bank of India Act, 1934…,” the central bank said. In another notification, the RBI said ‘Jana Small Finance Bank Limited’ too has been included in the Second Schedule. Further, the name…
(LiveMint) Central and state governments have collected Rs. 1,02,083 crore from Goods and Services Tax (GST) in July, 5.8% more than what they mopped up in the same month a year ago, an official statement said here. This is the third time the combined central and state GST receipts crosses ₹1 trillion mark so far this fiscal. The union government is bound to compensate states for any shortfall in their revenue collection below an agreed 14% annual growth every year in the first five years of GST regime. Tax collected in July pertain to the transactions in June. After showing a…
(DJ) Ayodhya land dispute case अयोध्या राम जन्मभूमि विवाद में सुप्रीम कोर्ट (Supreme Court) की ओर से गठित मध्यस्थता पैनल ने गुरुवार को सीलबंद लिफाफे में अपनी रिपोर्ट सर्वोच्च न्यायालय को सौंप दी। कोर्ट मामले पर आज यानी शुक्रवार को रिपोर्ट देखकर आगे की कार्यवाही पर फैसला लेगा। मामले की सुनवाई मुख्य न्यायाधीश रंजन गोगोई की अध्यक्षता वाली पांच सदस्यीय संविधान पीठ कर रही है। पीठ में अन्य न्यायाधीश जस्टिस एसए बोबडे, डीवाइ चंद्रचूड़, अशोक भूषण एवं एस. अब्दुल नजीर हैं। सुप्रीम कोर्ट ने गत 18 जुलाई को अयोध्या मामले में मध्यस्थता के जरिये सुलह का प्रयास कर रहे तीन सदस्यीय…
(ET) Ahead of the Delhi assembly polls due next year, chief mister Arvind Kejriwal announced free electricity for people consuming up to 200 units amonth. Those who consume between 201 and 400 units would be given a 50% subsidy by the state government. Kejriwal said the State government will spend approximately Rs 1,800-2,000 crore annually for the subsidy. Delhi has at least 4.9 million domestic power consumers. The chief minister said the move will cover at least 33% consumers whose usage is less than 200 units in the summer. “During the winter, the power consumption of around 70% people is below 200,”…