(LiveMint) As part of India’ effort to shield its consumers from any spike in global prices, petroleum minister Dharmendra Pradhan met Saudi Arabia’s energy minister Khalid A. Al-Falih in New Delhi. With the tensions escalating in the Persian Gulf, India, the world’s third-largest oil importer, has upped its diplomatic efforts to ensure energy security and is closely monitoring the Strait of Hormuz situation. Saudi Arabia is a crucial source of energy for India and the NDA government is trying to impress the Gulf Kingdom in maintaining global oil balance and supplies. “Raised my concerns on the recent increase in Asian Premium,…
Author: Aruna Sharma
(ET) The Union Cabinet approved changes to the Aadhaar and Other Laws (Amendment) Bill 2019 on Wednesday, to incorporate a clause that will allow the use of Aadhaar data for state schemes and subsidies. The amendment is via a new section, 5A, inserted into the Act. India’s national biometric ID can now be used by state governments for schemes that are funded through the ‘Consolidated Fund of the State’. “The states had demanded (this). As per a Supreme Court order, Aadhaar is allowed where the funds are going for beneficiary schemes coming straight from the central government. It will enable the use……
(FE) The income tax (I-T) department has issued notices in 384 cases involving undisclosed foreign assets and income of over `12,260 crore under the Black Money (Undisclosed Foreign Income & Assets) And Imposition of Tax Act till May 30, 2019, the minister of state for finance Anurag Thakur said in the Rajya Sabha on Wednesday. Thakur said that government doesn’t maintain any data on deposits by Indians in Swiss banks. “However, some recent media reports indicate that deposits by Indians in Swiss banks reduced by nearly 6% in the year 2018,” he added. Further, in response to a query, the minister said that…
(DJ) वैश्विक नवोन्मेषी सूचकांक (GII) 2019 जारी हो गया है। इस बार भारत ने वैश्विक नवोन्मेषी सूचकांक (ग्लोबल इनोवेशन इंडेक्स-जीआईआई) की मेजबानी की है। नई दिल्ली में लॉन्च हुए जीआईआई सूचकांक 2019 में भारत इस साल 5 स्थान ऊपर आ गया है। भारत इस सूचकांक में 52 वें स्थान पर आया है। पिछले साल जारी हुई जीआईआई 2018 की रिपोर्ट में भारत 57 वें स्थान पर आया था। भारतीय उद्योग परिसंघ (CII) और विश्व बौद्धिक संपदा संगठन (WIPO) ने इस कार्यक्रम की सह-मेजबानी की है। वैश्विक नवोन्मेषी सूचकांक को संयुक्त रूप से कार्नेल विश्वविद्यालय, आईएनएसईएडी और संयुक्त राष्ट्र संघ के…
(PTI) State-owned steel maker RINL on July 24 said projects worth about Rs 2,985 crore were inaugurated at its plant in Visakhapatnam. The projects inaugurated by RINL CMD P K Rath include a coke oven battery (COB), commissioning of an LPG plant, pumping operations, a balancing reservoir and a retail outlet, Rashtriya Ispat Nigam Limited (RINL) said in a statement. “The COB-5 was constructed…at an estimated cost of Rs 2,500 crore with a production capacity of 8.40 lakh tonne of blast furnace grade coke per year, one of the key raw materials for hot metal production,” it said. Kaniti Balancing Reservoir-2…
(DJ) मुख्यमंत्री योगी आदित्यनाथ ने बुधवार को विधानसभा में अनुपूरक बजट पर चर्चा की शुरूआत करते हुए यूपी की अर्थव्यवस्था को एक ट्रिलियन डालर की बनाने के लक्ष्य की घोषणा की। उन्होंने कहा कि यह मुश्किल नहीं क्योंकि प्रदेश में संसाधन कम नहीं और यहीं सबसे ज्यादा युवा ऊर्जा भी है। उन्होंने मुख्यमंत्री पर्यटन संवद्र्धन योजना की घोषणा करते हुए कहा कि प्रत्येक जिले में कम से कम एक पर्यटन स्थल का विकास किया जाएगा। मुख्यमंत्री ने अपने दो घंटे से अधिक लंबे संबोधन में सरकार की उपलब्धियां गिनाते हुए ग्राम्य विकास विभाग, गन्ना, पंचायती राज, नगर विकास, खाद्य एवं…
(ET) India’s domestic natural gas production declined 2 per cent to 2,636 million standard cubic meter (MMSCM) in June 2019, according to oil ministry’s fresh data. The country had produced 2,678 MMSCM of natural gas in the corresponding month a year ago. Cumulatively, the country’s domestic natural gas production in the first three months (April-June) of the current financial year 2019-20 was almost flat at 8,031 MMSCM, as compared to 8,069 MMSCM produced in the corresponding period a year ago.
(BS) From owning rail rakes and laying slurry pipelines to building greenfield ports, Tata Steel — the country’s oldest steel producer — is leaving no stone unturned to lower its logistics cost and make more competitively priced products. With a total investment of close to Rs 5,000 crore, the company has drawn up a plan to lower its logistics cost in a phased manner. “The immediate plan is to own eight to nine rail rakes. This will be done in the next one year through Tata Martrade International Logistics (TMILL), our subsidiary,” T V Narendran, chief executive officer and managing director, Tata…
(FE) Finance minister Nirmala Sitharaman on Wednesday said that the direct tax collection target for the current fiscal is ‘eminently achievable’ given that the mop-up has nearly doubled in the last five years. Sitharaman was speaking at the Income Tax Day event organised by the direct tax department. Sitharaman revealed that during the budget preparation exercise, the revenue secretary had urged her not to aim too high with the direct tax collection estimate. “The target is not a big deal as it is not high at all,” she said. Since FY14, the direct tax collection has grown by about 80%…
(AU) भारत में नेपाल के राजदूत नीलांबर आचार्य ने बुधवार को मुख्यमंत्री योगी आदित्यनाथ से उनके आवास पर मुलाकात की। उन्होंने व्यापार, पर्यटन सहित कई अन्य क्षेत्रों में सहयोग बढ़ाने पर चर्चा की और कहा कि नेपाल और भारत के बीच विश्वास का संबंध है। मुख्यमंत्री योगी आदित्यनाथ ने कहा कि भारत और नेपाल में हमेशा से प्रगाढ़ सामाजिक, सांस्कृतिक, अध्यात्मिक और व्यापारिक संबंध रहे हैं। प्रधानमंत्री नरेंद्र मोदी ने भारत-नेपाल संबंधों को नया आयाम दिया है। मुख्यमंत्री ने कहा कि अयोध्या और जनकपुर हमारी विरासत के प्रतीक हैं। जिस प्रकार अयोध्या और जनकपुर में प्रगाढ़ संबंध हैं। उसी तरह…