(OTV) Several of ‘maharatna’ and ‘navratna’ companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU tag from some of the entities after its shareholding falls below the threshold 51 per cent mark. Government sources said that Finance Ministry is planning to approach NITI Aayog to prepare yet another list of PSUs where their holding could be brought down to below 51 per cent and also point out which of these could shed the PSU tag and become independently…
Author: Aruna Sharma
(PTI) To ensure rapid transition towards electric mobility, the Niti Aayog has proposed that two-wheelers below the capacity of 150 cc sold in the country after March 31, 2025, should be electric ones only, Parliament was informed July 11. In a written reply to the Lok Sabha, Road Transport and Highways Minister Nitin Gadkari also said the Aayog has also proposed that three-wheelers sold in the country should be electric ones only after March 31, 2023. Gadkari said the government has started working on meeting the demands of electricity for the new set of electric vehicles (EVs). “Niti Aayog in its…
(ET) The Supreme Court has sought a status report on the ongoing mediation in the Ram Janmabhoomi-Babri Masjid land dispute case by July 18 and said that if the matter is not resolved amicably it may start daily hearings from July 25. In a short order passed on Thursday, a five-judge bench led by Chief Justice of India Ranjan Gogoi said “we deem it proper to request Justice FM Ibrahim Kalifulla to inform this court the progress of mediation till date and the stage at which the said process is presently at”. Justice Kalifulla is the head of the three-member mediation panel,…
(ET) Power prices at the Indian Energy Exchange rose Rs 1.16 per unit or almost 50%, during the last five days on the back of a near 60% rise in demand propelled by increased buy bids from South India. Some states have been asked to supply power 24×7 leading to increased buying from the exchange. Power prices during the 9 pm – 10 pm slot was highest on Thursday during the week at Rs 7.45 per unit as demand outstripped supply by almost 25% for the slot. Average market price on Sunday was Rs 2.41 per unit which inched up to Rs…
(Hindustan) प्रधानमंत्री नरेन्द्र मोदी शुक्रवार को अपने आधिकारिक आवास में नाश्ते पर भाजपा की महिला सांसदों से मुलाकात करेंगे। सूत्रों ने बृहस्पतिवार को यह जानकारी दी। भाजपा ने मोदी से मुलाकात के लिए पार्टी सांसदों के सात समूह बनाए हैं। पार्टी ने प्रधानमंत्री और सांसदों के बीच सात बैठकों की योजना बनाई है। इस कड़ी में यह पांचवीं बैठक होगी। मोदी अन्य पिछड़ा वर्ग (ओबीसी), अनुसूचित जाति (अजा) अनसूचित जनजाति (अजजा) और केन्द्र या राज्य में मंत्री रह चुके सांसदों से पहले ही मुलाकात कर चुके हैं। भाजपा के एक नेता ने कहा कि पार्टी ने इन बैठकों की योजना इसलिए बनाई है…
(FE) इन्फोर्समेंट डायरेक्टोरट (ED) ने 13,000 करोड़ रुपये के PNB लोन घोटाले और मनी लॉन्ड्रिंग मामले में आरोपी और भगोड़े हीरा व्यापारी मेहुल चौकसी की भारत और विदेशों में स्थित 24.77 करोड़ रुपये की संपत्ति कुर्क की है. एजेंसी ने कहा, कुर्क की गई संपत्तियों में दुबई की तीन व्यावसायिक संपत्तियां, एक मर्सिडीज बेंज कार और देश व विदेश में स्थित सावधि जमा के कई खाते शामिल हैं. कुल 24.77 करोड़ रुपये की संपत्ति कुर्क की गई है. ED की ओर से जारी बयान के अनुसार, प्रिवेंशन ऑफ मनी लॉन्ड्रिंग एक्ट (PMLA) के तहत इस संबंध में एक प्रोविजनल आदेश…
(LiveMint) Indian and US trade negotiators will meet today, with little sign of a compromise on a series of protectionist measures taken by the two governments in recent months that have strained ties between the strategic partners. U.S. President Donald Trump has been putting pressure on India to do more to open its markets, saying this week again on Twitter its high tariffs were “unacceptable”. Indian Prime Minister Narendra Modi, re-elected in May, has been pushing nationalist policies with higher tariffs on everything from electronic goods to tighter controls on foreign firms in the fast growing e-commerce market to help foster…
(FE) The renewable energy sector received $1.5 billion of foreign direct investment (FDI) in FY19, 20.1% higher than the previous fiscal, power minister RK Singh informed Parliament. In the five-year period since FY15, FDI in the sector has been $4.8 billion. The government had allowed 100% FDI in the sector through the automatic route. India ranks fourth among 40 countries in EY’s 2019 Renewable Energy Country Attractiveness Index report. Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.
(FE) Air India has plans to sell 30 unutilised tracts of land in cities like Mumbai and Delhi to retire the debt transferred to special purpose vehicle Air India Asset Holding, civil aviation minister Hardeep Singh Puri told Parliament on Thursday. These land parcels include 1.7 lakh sq m and 14,326 sq m plots in Mumbai and New Delhi, respectively. Other cities where the national carrier holds unused land are Bengaluru, Kolkata, Chennai and Ahmedabad. The government transferred Air India’s debt worth Rs 29,464 crore, along with its non-core assets including land into AIAHL, to reduce the interest burden of the…
(TH) India’s steelmakers, more accustomed to securing raw materials such as iron ore and coal, are keeping another key resource in their sights: water. Two of India’s biggest steelmakers – JSW Steel and Tata Steel – and metal producer Vedanta have flagged risks due to water shortages in the past month as the world’s second-most populous country faces an unprecedented water crisis. Competition for the resource is set to grow in India, where nearly a third of the country is water-stressed, increasing costs and risks for companies. A delayed monsoon, which accounts for 70 per cent of the nation’s annual rainfall,…