(TH) IOC has hired a foreign flagged very large crude carrier (VLCC) at a day rate of $31,950 for seven years. This has upsetting the calculations of the Government to use such long-term contracts to help India expand its shipping capacity to haul more oil cargoes for strategic reasons. Earlier this year, IOC had called for bids to hire a ten-year old oil super tanker for a firm period of five years with two extensions of one year each. This was the first of such experiments brokered by the shipping and oil ministries.The move followed intense lobbying by the local shipping…
Author: Aruna Sharma
(ET) A high-level panel set up by the Prime Minister’s Office has sought inputs from over a dozen global companies, including Apple, Samsung and Intel, on what they need to make India their production base and an electronics export hub, underlining New Delhi’s aggressive push to attract foreign investment by wooing manufacturers away from China. “The panel met with Taiwanese, Korean, American and European companies last week and is now working out a report on how to ease our domestic our domestic policies and wean these companies away to India as soon as possible,” a person briefed on the meeting…
(ET) The Yogi Adityanath government plans to modify its policy for the upcoming ‘defence corridor’ to make arms, ammunition and explosives manufacturing eligible for incentives and attract small and medium enterprises as well as foreign and domestic investors seeking to meet their offset obligations. The foundation stone of the corridor, a project of UP government and the Centre, was laid by PM Narendra Modi in February and is set to come up on over 5,000 hectares around the six nodes of Lucknow, Kanpur, Agra, Aligarh, Jhansi and Chitrakoot. Investments worth Rs 4,000 crore have already been received and the project…
(The Tribune) With a view to furthering the state government’s pledge to build ‘saksham Haryana’, a programme aimed at facilitating the state’s youth to take up skill-development courses that are most suited to them as per their acumen will be launched on the occasion of World Youth Skills Day on July 15. The programme, developed by the Haryana Skill Development Mission (HSDM) using a digital platform based on I-Pledge, I-Plan and I-Promote components, is among various initiatives slated to be launched by Chief Minister Manohar Lal Khattar at a state-level mega employment event to be organised on the campus of…
(ET) The National Highways Authority of India (NHAI) is working on a mechanism to share gains in land value on account of upgradation of highways as it looks to part-finance urban projects amid increasing costs of land acquisition, said sources. The move will help the authority raise extra budgetary resources for urban highway projects and ring roads, they said. “Basically, the central government builds the roads and funds them. We are trying to capture the value enhancement,especially in urban projects, so that we are able to part-finance the projects and meet the viability gap funding,” said a government official, who…
(PTI) The Reserve Bank of India (RBI) will come out with a mobile application to help visually challenged people in identifying currency notes as cash still remains a dominant mode of transaction. At present, banknotes in the denominations of Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500 and Rs 2,000 are in circulation, besides Re 1 notes issued by the Centre. The RBI said that identification of banknote denomination is key to successful completion of cash-based transactions by visually impaired persons. Intaglio printing based identification marks for helping the visually challenged in identification of banknotes denomination are present…
(FE) With the announcement of ‘Nal se Jal’ scheme, water and sanitation sector is likely to attract investment worth Rs 6.3 lakh crore in the next five years, according to a report. According to JM Financial Institutional report, the government’s new ‘Nal se Jal’ scheme, which aims to provide piped water connection to every household by 2024, will likely lead to a massive jump in the investment in water and sanitation. The investments will be made in the various verticals such as pipes, EPC, water treatment pumps and valves, cement, among others, according to the report. “Our study of sample…
(FE) The Uttar Pradesh State Law Commission, taking suo motu cognizance of incidents of mob lynchings in the state, submitted the draft Uttar Pradesh Combating of Lynching Bill, 2019 to state chief minsiter Yogi Adityanath. The draft Bill recommends that mob lynching be recognised as a separate criminal offence—currently, incidents of mob lynching are treated as cases of assault, grievous assault, or homicide, as the case may be—with strict punishment, ranging from up to seven years’ imprisonment and a Rs 1 lakh fine for the assailants, including those involved in conspiracy or abetment, if the victim is injured to a…
(DJ) मुख्यमंत्री योगी आदित्यनाथ ने कहा कि मरीज और डॉक्टर के बीच भावनात्मक संवाद होना चाहिए। व्यावसायिकता के दौर में यह संवाद कहीं खो गया है। व्यावसायिक दृष्टि को अहमियत दिये जाने से चिकित्सकों के प्रति आमजन के मन में सम्मान कम हुआ है। मुख्यमंत्री रविवार को पांच कालिदास मार्ग स्थित अपने सरकारी आवास पर ‘स्माइल मशाल ज्योति-आशीर्वाद कार्यक्रम’ का उद्घाटन करने के बाद आयोजित समारोह को संबोधित कर रहे थे। स्माइल ट्रेन की ओर से आयोजित कार्यक्रम की सराहना करते हुए मुख्यमंत्री ने कहा ‘ऐसे प्रोजेक्ट समाज के हर वर्ग के चेहरे पर खुशहाली लाने और एक डॉक्टर के…
(LiveMint) The government wants Oil and Natural Gas Corp (ONGC) to sell its golf courses in Ahmedabad and Vadodara in Gujarat, sending the company into a tizzy as one of them has two producing oil wells, sources said. The Department of Investment and Public Asset Management (DIPAM) has deemed golf courses and sports clubs owned by central public sector enterprises as ‘non-core’ assets and wants to monetise them. A recent exercise by DIPAM to assess land banks and other non-core assets of government departments as well as central PSUs identified two of ONGC’s golf courses in Ahmedabad and Vadodara, as also…