(ET) ONGC and its Chinese and Malaysian partners have decided to exit their oil blocks in Sudan, frustrated by the years of reluctance by the Sudanese government to pay for the oil it lifts from these blocks. ONGC has been engaged in an arbitration with Sudan for more than a year to recover its oil dues that have now climbed to $500 million. ONGC owns 25% stake in a joint venture that operates blocks 2A and 4 in Sudan whose output the local government had been lifting but not paying for since 2011. The balance stakes in the two blocks are…
Author: Aruna Sharma
(DJ) उन्नाव दुष्कर्म कांड में जल्द और पूर्ण न्याय करने के लिए सुप्रीम कोर्ट ने सख्त रुख अपनाया है। कोर्ट ने पीडि़ता की चिट्ठी और उसकी मां की स्थानांतरण याचिका पर सुनवाई करते हुए मामले से जुड़े सभी पांचों मुकदमे लखनऊ की सीबीआइ अदालत से दिल्ली की अदालत स्थानांतरित कर दिए हैं। इसके साथ ही कोर्ट ने रविवार को हुई दुर्घटना मामले की जांच सीबीआइ को सात दिन में पूरी करने का आदेश दिया। हालांकि बहुत जरूरत पड़ने पर जांच अधिकारी सात दिन और ले सकते हैं, लेकिन इसे अपवाद समझा जाए। कोर्ट ने पांचों मुकदमों का ट्रायल रोजाना सुनवाई…
(TH) Prime Minister Narendra Modi will address the annual UN General Assembly (UNGA) session on September 28, according to a provisional list released by the UN of the world leaders scheduled to speak at the 74th session of the United Nations. Mr. Modi is also expected to attend multiple high-level summits on the margins of the General Assembly session as well as hold bilateral and multilateral engagements during his visit to New York. As prime minister, Mr. Modi had given his maiden address at the UNGA in 2014. His address to the world leaders at the UN in September will be his…
Dr. Ashutosh Karnatak today assumed charge as Chairman & Managing Director of GAIL (India) Limited. Dr. Karnatak carries a rich experience of over 37 years in the hydrocarbon sector and is also concurrently serving as Director (Projects) since March, 2014. A lifelong learner, Dr. Karnatak an Electrical Engineering alumni of HBTI, Kanpur is a post graduate from IIT, Delhi and is also a Fellow Doctorate of UPES, Dehradun. A multi-talented personality and a keen academic, Dr. Karnatak has authored several books on a range of topics including project management, Oil & Gas and self-development. He is proponent of movement called PI-CI-PI (Positive India-Competitive…
(TNIE) Revenue Minister Sudam Marndi on Wednesday assured the people of taking expeditious steps for construction of new bridges to ensure all-weather connectivity across the district. Reviewing the post-flood situation here, the Minister said the State Government would approach the National Highways Authority of India (NHAI) to submit detailed project report (DPR) of the new bridge projects at the earliest. The projects are aimed at checking submergence of the low-lying bridges during rains which results in frequent disruption of communication. The NHAI had six months back planned five new bridges to replace low-lying bridges at Potteru, Kangrukonda, Pangam, MV-90 and MV-72.…
(FE) As many as 600 retired employees of IFCI have approached the government against what they call the state-run infrastructure lender’s “abrupt” and “arbitrary” tweaking of rules to curtail their “legitimate” pension benefits, and sought swift restoration of these entitlements. In letters to the finance ministry, these people have alleged that IFCI, which had been revising half-yearly dearness relief for its pensioners in sync with the model followed by the Reserve Bank of India (RBI), changed its practice from February 2008 and “unilaterally” adopted the less-attractive benefits extended by the Indian Banks’ Association (IBA) to its employees. Strangely, the IBA…
(LiveMint) The Union government will enrol around 150 million workers over the next three years under its flagship pension scheme Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), bringing more informal sector workers under the social security net. Labour secretary Hiralal Samariya said the pension scheme will benefit a large pool of people who earn less, but form a large part of the labour market. The secretary said a sizable portion of beneficiaries will be construction workers. The National Democratic Alliance (NDA) government is targeting the bottom of the pyramid through various policy interventions, realising that they are a significant political constituency.
(DevDiscourse) Ministry of Skill Development & Entrepreneurship (MSDE), Government of India announced the 48-member contingent which will represent India at the biggest showcase of skills excellence in the world, called World Skills International Competition 2019. Also referred to as the ‘Olympics for Skills’, the event is scheduled in Kazan, Russia from 22nd to 27th August 2019. More than 1,500 competitors from 60 countries will compete in 55 skill competitions at this mega event. India will participate in 44 skills including mobile robotics, prototype modeling, hairdressing, baking, confectionary & patisserie, welding, bricklaying, car painting, floristry among others. National Skill Development Corporation (NSDC) under the aegis of MSDE has been leading India’s delegation at this biennial event since 2011. During the last edition…
(ET) Finance secretary Rajiv Kumar is expected to be the new government representative in the committee set up to review the Reserve Bank of India’s economic capital framework, replacing former economic affairs secretary Subhash Chandra Garg who was transferred to the power ministry in a bureaucratic shuffle last week. The committee, headed by former RBI governor Bimal Jalan, is expected to get an extension before it finalises its report, said sources. Kumar, who was earlier financial services secretary, was designated finance secretary. Garg was learnt to have submitted a dissent note on the panel’s recommendations. “He (Kumar) is already on the…
(ET) The Parliament has passed amendments to Companies Act. The bill now advocates for stricter laws for corporate social responsibility (CSR) spending by corporates. After the amendment, violation of the CSR rules could land company officials in jail for up to 3 years. Companies violating the rules will face a penalty of Rs 50,000 to Rs 25 lakh . Companies will have to give details about the spending of money and they have been given a three-year window to adhere. Earlier, finance minister Nirmala Sitharaman has said legitimate profit earning cannot be devoid of social responsibility, and that companies cannot get away…