(FE) The Reserve Bank of India headed by a new chief, Shaktikanta Das, will probably drop its hawkish bias on Thursday, the first step toward a possible interest-rate cut this year as inflation drifts lower and the economy slows. The repurchase rate will probably be kept steady at 6.5 percent, according to 32 of the 43 economists surveyed by Bloomberg as of Wednesday, with the rest expecting a 25 basis-point reduction. Real interest rates in India are among the highest in Asia, and calls for the first cut in the policy rate since August 2017 have been growing. Das will…
Author: Aruna Sharma
(AU) प्रदेश की योगी सरकार का तीसरा आम बजट बृहस्पतिवार को वित्त मंत्री राजेश अग्रवाल पेश करेंगे। वित्त मंत्री ने बुधवार को विभाग के अधिकारियों की मौजूदगी में बजट भाषण को अंतिम रूप दिया। 2019-20 केआम बजट का आकार करीब पौने पांच लाख करोड़ रुपये के आसपास रहने का अनुमान है। चालू वित्त वर्ष की अपेक्षा बजट में करीब 14 प्रतिशत की वृद्धि हो सकती है। सूत्रों ने बताया कि बृहस्पतिवार सुबह साढ़े नौ बजे मुख्यमंत्री योगी की अध्यक्षता वाली कैबिनेट की बैठक में बजट प्रस्तावों को मंजूरी दी जाएगी। इसके बाद वित्त मंत्री अग्रवाल 11 बजे विधानसभा में प्रदेश…
(TNIE) The Pradhan Mantri Ujjwala Yojana (PMUY) has so far provided over 6.31 crore free LPG connections since its launch, and now the target has been upped to 8 crore connections by March 2020. This has helped the country achieve a LPG coverage of close to 90 per cent, but this has also led to a rapid increase in LPG imports. “With estimated imports of above 12 million metric tonnes in the financial year 2018-19, India stands as world’s second largest importer of LPG, after China. The country’s LPG imports have registered a remarkable trend in the last five years,…
(PTI) The government’s push to provide clean cooking fuel to every household has turned India into the world’s second largest LPG consumer whose demand is projected to rise 34 per cent by 2025, Oil Secretary M M Kutty said Tuesday. Speaking at the Asia LPG Summit here, he said active LPG consumers have grown at a compounded annual growth rate (CAGR) of 15 per cent – from 14.8 crore in 2014-15 to 22.4 crore in 2017-18. “Rapid increase in population combined with LPG penetration in rural areas has resulted in an average growth of 8.4 per cent in LPG consumption, making India…
(PTI) The foundation stone for the Patna Metro Rail project may be laid down here next month by Prime Minister Narendra Modi, a minister of the Nitish Kumar government said on Tuesday. Bihar Urban Development minister, Suresh Sharma said there was an in-principle agreement to get the foundation stone laid here by Modi at the NDAs rally on March 3. “I had this idea in mind which I shared with the Chief Minister on Monday. He also heartily agreed. I have asked Principal Secretary Chaitanya Prasad to complete the necessary formalities so that a proposal to this effect is cleared by the…
The Union Minister of Road Transport & Highways, Shipping, Water Resources, River Development and Ganga Rejuvenation Shri Nitin Gadkari will be in Kamakhyanagar in Dhenkanal district of Odisha tomorrow to do BhoomiPujan for three National Highways projects of total length 132 km, worth Rs2345 Crores. He will be accompanied by Shri Dharmendra Pradhan, Union Minister for Petroleum and Natural Gas, Skill Development and Entrepreneurship. Shri Gadkari will also visit Paradip Port tomorrow, to inaugurate port projects worth Rs 431 Crore and lay foundation for six projects worth Rs 3206 Crore. TheNH projects for which foundation stone will be laid tomorrow include four…
(AU) पश्चिम बंगाल में हेलीकॉप्टर लैंडिंग की अनुमति नहीं दिए जाने के बाद सड़क मार्ग से पुरुलिया पहुंचे यूपी के सीएम योगी आदित्यनाथ मंगलवार को रैली के दौरान ममता सरकार पर जमकर बरसे। उन्होंने कहा कि ममता बनर्जी को सत्ता में रहने का हक नहीं है। योगी ने कहा कि ममता सरकार निर्मम और बर्बर है। योगी ने कहा कि टीएमसी की इस भ्रष्ट सरकार को सत्ता से बेदखल करें। बंगाल को भाजपा की धरती बनाएं। भाजपा की सरकार हर वर्ग का ख्याल रखेगी, जैसा कि बजट में किया है। लोकतंत्र के लिए इससे शर्मनाक स्थिति और क्या होगी कि एक मुख्यमंत्री…
The Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship Shri Dharmendra Pradhan has said that India has emerged as a bright spot in the global economy in the recent years. Inaugurating the WLPGA 2019 Asia LPG Summit here today, he said that with strong economy and supportive policy environment, Our Government remains committed to inclusive, holistic and sustainable high economic growth. As a welfare state, we are committed to provide basic necessities of life to the last person standing. Pradhan Mantri Awas Yojana is a programme to provide affordable house to all by 2022, each of which…
Apr-Dec’18 Highlights Hindustan Petroleum Corporation Limited has recorded Profit After Tax of Rs. 3,059 crore during April-December, 2018 as compared to Rs 4,609 crore for corresponding period of previous year. The decrease in Net Profit is mainly because of impact of inventory losses due to crude price volatility, higher fuel and loss component due to higher average crude price and exchange rate fluctuations, partially offset by better product cracks on diesel and increased other operating income. Gross sales increased by 26% to Rs. 2,22,872 crore during April-December, 2018 as compared to Rs. 1,76,876 crore for corresponding period of the previous year. During April-December, 2018, the domestic sales…
(PTI) The Centre has made Aadhaar number of small and marginal farmers optional for availing the first installment of Rs. 2,000 under the recently launched Rs. 75,000 crore PM-Kisan scheme, according to official document. However, to get the subsequent installments, it has been made compulsory for farmers to show Aadhaar number for verifying their identity. In the interim budget, Finance Minister Piyush Goyal announced direct income support of Rs.6,000 per year to 12 crore small and marginal farmers holding cultivable land up to 2 hectare. The central government’s fully funded scheme, Pradhan Mantri Kisan Samman Nidhi (PM-Kisan), will be implemented from this year and the first installment…