(FE) More than two years after the idea of doorstep delivery of fuels was mooted, Reliance Industries (RIL) is preparing to enter the fray. The state-run oil marketing companies (OMCs), on their part, will add at least 500 doorstep fuel delivery vehicles within the current financial year. The OMCs — Indian Oil, BPCL and HPCL — will soon be issuing advertisements to select interested start-ups and entrepreneurs to enter the field, said a source. Meanwhile, “to take the fuel delivery to customer’s doorstep, RIL is working on next generation business models,” the company noted in its annual report for 2018-19. Petroleum…
Author: Aruna Sharma
(BS) State-run Oil and Natural Gas Corporation’s (ONGC’s) plan to bring its entire refining and marketing business under one umbrella may get delayed further over its differences with Hindustan Petroleum Corporation (HPCL). While ONGC wants the merger of Mangalore Refinery and Petrochemicals (MRPL) with ONGC Mangalore Petrochemicals (OMPL) first, sources said HPCL wants all the three to happen simultaneously. “Based on regulatory rules, two back-to-back restructuring cannot happen. If OMPL and MRPL are merged, the HPCL-MRPL merger will take some time. This is why the restructuring process is stuck now,” said an official from one of these companies on the condition of anonymity. ONGC had completed…
(MP) State-owned power producer NTPC has signed a pact with BHEL to set up an 800 MW technology demonstration plant (TDP) at its power plant in Chhattisgarh. The TDP will be set up through a joint venture (JV) company, NTPC said. “NTPC signs MoU with BHEL to set up world’s most efficient and environmental friendly coal-fired power plant India’s largest power generator NTPC Ltd and power equipment behemoth BHEL signed the MoU for forming a JV company, to set up a 800 MW technology demonstration plant (TDP) at NTPC’s existing power plant in Sipat, Chhattisgarh,” NTPC said in a statement.…
(AU) हिमाचल प्रदेश के चंबा में भूकंप के झटके महसूस किए गए हैं। भूंकप की तीव्रता रिक्टर स्केल पर चार आंकी गई है। भूकंप गुरुवार रात 12:47 मिनट पर आया। समाचार लिखे जाने तक किसी भी जान-माल के नुकसान की खबर नहीं है।
(FE) The GST Council today will consider the proposal to cut tax rate on electric vehicles (EVs) to 5% from 12% currently, a move that will align with the government’s push to make non-fossil fuel transport lucrative to buyers. The Council, chaired by finance minister Nirmala Sitharaman, would meet for the 36th time via video-conferencing. The proposal to slash rates on EVs was referred to a committee of officials called ‘fitment committee’ for preparing recommendation. Apart from EVs, the fitment committee is likely to recommend concessional rates on electric chargers and hiring of EVs. A government official said that since EVs…
(AU) हिमाचल में खराब मौसम के चलते बुधवार को कई हवाई उड़ानें रद्द हो गईं। भारी बारिश की चेतावनी के बीच कुछ क्षेत्रों में ही बादल बरसे जबकि अधिकांश क्षेत्र सूखे रह गए। जिला मंडी के धर्मपुर की बकरखड्ड में तेज बहाव में ट्रक व बस फंस गए। मौसम विज्ञान केंद्र शिमला ने गुरुवार को भी प्रदेश के कई क्षेत्रों में भारी बारिश की चेतावनी जारी की है। गुरुवार के लिए प्रदेश में ऑरेंज अलर्ट भी जारी किया गया है। बारिश के कारण गगल एयरपोर्ट पर बुधवार को चार फ्लाइटें नहीं उतर सकीं। बुधवार को गगल एयरपोर्ट पर रुटीन की पांच…
(AU) तीन तलाक विधेयक पर आज लोकसभा में चर्चा होगी। केंद्र सरकार बिल को पारित करने की आज पूरी कोशिश करेगी। आधिकारिक सूत्रों ने बुधवार को बताया कि सत्तारूढ़ भारतीय जनता पार्टी ने अपने सांसदों को इसके लिए व्हिप जारी किया है और उनसे सदन में अपनी उपस्थिति सुनिश्चित करने को कहा है। विधेयक में एक साथ अचानक तीन तलाक दिए जाने को अपराध करार दिया गया है और साथ ही दोषी को जेल की सजा सुनाए जाने का भी प्रावधान किया गया है। नरेंद्र मोदी सरकार ने मई में अपना दूसरा कार्यभार संभालने के बाद संसद के इस पहले सत्र…
(TH) The Centre has accrued close to Rs 19,000 crore of subsidy savings because of lower kerosene consumption thanks to more cooking gas and electricity connections since financial year 2015-16. “During the current fiscal we expect domestic kerosene consumption to fall to 3.3 million tonnes (mt) as compared to 6.8 mt in 2015-16. The steep fall in consumption has helped save the exchequer close to ₹19,000 crore,” an official told. The Ministry of Petroleum and Natural Gas (MoPNG) makes a quarterly allocation of Public Distribution System (PDS) kerosene to States/Union Territories (UTs) only for cooking and lighting purposes. With the country closing…
(ET) In the first 50 days of its second term in office, the Narendra Modi government has spent around Rs 8,500 crore on the acquisition of weapon systems including missiles and spares for the Indian Army and the Air Force. According to Defence Ministry sources, the Indian Air Force (IAF) has spent around Rs 8,000 crore in procuring missiles such as the Spice-2000, Strum Ataka ATGMs and a large number of spares under the emergency procurement route. The ministry sources said some of the projects were initiated before the 2019 elections have been concluded after the government was formed. After the Pulwama attack,…
(ET) Finance minister Nirmala Sitharaman signalled that the government may extend the lower corporate tax rate of 25% to all companies, giving India Inc something to cheer about. Her July 5 budget had lowered the rate for most companies but excluded the biggest. “We brought it down in order that now 99.3% of all industries are covered by the 25% rate,” Sitharaman said in her reply to the discussion on the appropriation and finance bills in the Rajya Sabha.“Therefore, hardly any are left behind… We shall cover them sooner.” She said this was a commitment that had been given in…