PETROTECH-2019, the 13th International Oil & Gas Conference & Exhibition, being organised under the aegis of the Ministry of Petroleum & Natural Gas, Government of India, is all set to be inaugurated on February 10, 2019. India’s flagship hydrocarbon international conference is expected to be inaugurated by Prime Minister of India. Over 95 Energy Ministers from partner countries have been invited by the Minister for Petroleum and Natural Gas to participate in the Conference. Thethree-day mega event will showcase the recent market and investor friendly developments that have taken place in the India’s oil and gas sector. It is expected to see…
Author: Aruna Sharma
(MC) Markets regulator Sebi exempted state-run Oil India from complying with buyback regulations with regard to its proposed 5.04 crore share purchase programme. The order comes after the PSU filed an application in December with the Securities and Exchange Board of India (Sebi) seeking exemption from the strict enforcement of the buyback norms. The application has been necessitated on account of transfer of 3,33,20,401 equity shares of Oil India, which were held by the promoter (government), to the asset management company of the Central Public Sector Enterprise Exchange Traded Fund (CPSE–ETF) on December 4, 2018.According to Sebi, transfer of these equity…
(AU) सरकार ने बृहस्पतिवार को घरेलू एलपीजी सिलेंडर के दामों में कटौती की घोषणा की। लगातार तीसरे महीने में पहली तारीख को दामों में की गई इस कटौती के बाद अब सब्सिडी वाला गैस सिलेंडर करीब 1.46 रुपये सस्ता मिलेगा, जबकि बिना सब्सिडी वाले सिलेंडर के दामों में करीब 30 रुपये की कमी की गई है। इससे पहले एक दिसंबर को एलपीजी सिलेंडर के दामों में 6.52 रुपये और 1 जनवरी को 5.91 रुपये की कटौती की गई थी। इसी तरह बिना सब्सिडी वाले सिलेंडर के दामों में भी 1 दिसंबर को 133 रुपये और 1 जनवरी को 120.50 रुपये की…
(AU) आज वित्त मंत्री पीयूष गोयल मौजूदा सरकार का आखिरी और अंतरिम बजट सुबह 11 बजे से पेश करेंगे। लोकसभा चुनाव की घोषणा से महज एक महीने पहले पेश होने वाले इस अंतरिम बजट के लोक लुभावन होने की संभावनाओं से इंकार नहीं किया जा सकता है। इसमें नौकरीपेशा और किसानों से लेकर व्यापारी वर्ग तक के लिए घोषणाएं होने की उम्मीदे हैं। सबसे ज्यादा उम्मीद आयकर छूट की सीमा बढ़ाने को लेकर है। अभी साल में ढाई लाख रुपये तक की आमदनी पर ही आयकर में छूट मिलती है। सरकार ने सामान्य वर्ग के आर्थिक रूप से पिछड़े वर्ग…
(ET) The Reserve Bank of India has launched the ombudsman scheme for digital payments, the banking regulator announced in a release today. It had first spoken about the scheme in the December 5 monetary policy statement promising to create a separate ombudsman for digital payments. “As announced … the Reserve Bank of India (RBI) today launched the Ombudsman Scheme for Digital Transactions (OSDT)… for redressal of complaints against System Participants as defined in the said scheme,” the regulator in a statement. Further the regulator added that the scheme will provide free of cost redressal mechanism to grievances raised by customers…
(ET) The Prime Minister’s Office (PMO) has asked government departments and public sector units to avoid choosing foreign products and brands at a time when the government is trying to boost domestic manufacturing through PM Narendra Modi’s flagship ‘Make in India’ programme launched at the start of his tenure. “Complaints are being received, alleging that government entities are indicating foreign make/ brands and/or restrictive conditions in their tenders, thereby excluding local manufacturers from bidding process,” principal secretary to the prime minister Nripendra Misra wrote in a January 3 letter to all secretaries. He wrote that such specifications violate government procurement and…
(News 18) The Reserve Bank of India said it will inject Rs 37,500 crore into the system through purchase of government securities in February to increase liquidity. The RBI said it has been monitoring the evolving liquidity conditions and durable liquidity requirements of the system. “Accordingly, it has been decided to conduct purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 375 billion in the month of February 2019 through three auctions of Rs 125 billion each during the 2nd, 3rd and 4th week,” the RBI said in a release. There will be no auction during…
(TH) The National Green Tribunal (NGT) rapped Bharat Petroleum Corporation Ltd and two other public sector oil companies for not complying with orders pertaining to the installation of anti-pollution vapour recovery systems at fuel stations. A Bench headed by NGT chairperson Justice Adarsh Kumar Goel came down heavily on the companies and directed BPCL to deposit ₹1 crore fine levied on it by the Central Pollution Control Board earlier. The green panel further warned of punitive action against the company directors if the compliance reports are not submitted within two weeks. “This is a matter of environment and you are playing with…
(AU) लोकपाल कानून के मुद्दे पर अन्ना हजारे बुधवार को एक बार फिर अनशन पर बैठने जा रहे हैं। वह बुधवार सुबह 10 बजे अपने गांव रालेगण सिद्धि में अनशन पर बैठेंगे। अपने अनशन पर बैठने की जानकारी उन्होंने मीडिया को दी। उन्होंने कहा कि लोकपाल कानून बनकर 5 साल हो गया और नरेंद्र मोदी सरकार 5 साल बाद भी बार-बार बहानेबाजी करती है। उन्होंने सवाल उठाया कि नरेंद्र मोदी सरकार के दिल में अगर यह मुद्दा अहम होता तो क्या 5 साल लगना जरुरी था? इससे पहले अन्ना ने कहा था कि उनका यह अनशन समाज और देश की भलाई…
(FE) In a major relief to Adani Gas, the Supreme Court on Tuesday quashed the Petroleum & Natural Gas Regulatory Board’s (PNGRB) decisions that restricted the company from developing City Gas Distribution (CGD) network in Jaipur and Udaipur in Rajasthan. A bench headed by Arun Mishra, while quashing the 2011 orders that restrained Adani from network expansion in the two cities, asked the board to take a fresh call on the issue. Adani had appealed against the Rajasthan High Court’s April 2015 order that held that the company did not have the authorisation from the Centre to continue work in…