(ET) Citing personal reasons, Urjit Patel has resigned as the Reserve Bank of India. His resignation comes against the backdrop of increasing tensions between the Finance ministry and the Reserve Bank of India. Urjit Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since the year 1992. He was hand-picked by the BJP-led government after his predecessor Raghuram Rajan was denied a second-term. In recent months, the government and the RBI have been at loggerheads over whether the RBI has been too hawkish in its stance towards lenders and…
Author: Aruna Sharma
(ET) India has declared the trajectory of bidding 60 gigawatt (GW) capacity of solar energy and 20 GW capacity of wind energy by March 2020, leaving two years time for execution of projects, Ministry of New and Renewable Energy (MNRE) said today. A total of about 73.35 GW renewable energy capacity has been installed in the country as of October, 2018, from all renewable energy sources. This includes about 34.98 GW from wind, 24.33 GW from solar, 4.5 GW from small hydro power, and 9.54 GW from bio-power. Further, projects worth 46.75 GW capacity have been bid out under installation. According to the Paris accord on climate…
(LiveMint) A liquidity crunch and concerns over asset quality is expected to weigh on the second attempt by the National Highways Authority of India (NHAI) to privatize operations on toll roads. Industry experts said response to the second round of toll-operate-transfer (TOT) auctions will be subdued compared to the robust first round. The number of bidders is expected to far fewer than the last round, and bid amounts will be a lot less enthusiastic, said the experts, requesting anonymity. In the second round, private investors can bid for more than 586 kilometres of national highways in Rajasthan, Gujarat, West Bengal and Bihar. The base bid…
(The Hindu) After looking to sell oilfields of Oil and Natural Gas Corporation (ONGC), the Prime Minister’s Office (PMO) has sought a whitepaper on status and future strategy for the state-owned firm’s overseas arm ONGC Videsh Ltd, sources with knowledge of the development said. The government had on previous occasions looked at hiving off the highly successful OVL from its parent and monetising it by listing the firm on domestic or international bourses. Sources said at the meeting called by Prime Minister Narendra Modi to review the oil and gas sector on October 12, the Oil Ministry was asked to prepare…
(Hindustan) लोकसभा चुनाव के सेमीफाइनल माने जा रहे पांच राज्यों के विधानसभा चुनाव परिणाम से ठीक एक दिन पहले सोमवार को विपक्षी दलों की अहम बैठक होगी। संसद के शीतकालीन सत्र में रणनीति तय करने के लिए होने वाली विपक्षी दलों की बैठक में लोकसभा गठबंधन का खाका भी तैयार किया जाएगा ताकि लोकसभा में एकजुट होकर भाजपा को शिकस्त दी जा सके। विपक्षी दलों की अहम बैठक में कांग्रेस अध्यक्ष सहित तमाम बड़े नेताओं के हिस्सा लेने की उम्मीद है। पश्चिम बंगाल की मुख्यमंत्री ममता बनर्जी और आंध्र प्रदेश के मुख्यमंत्री चन्द्रबाबू नायडू बैठक में हिस्सा लेने के लिए…
(Kashmir Reader) Hindustan Petroleum Corporation Ltd. (HPCL) on Saturday said it will double its petrol pumps in the state of Jammu and Kashmir in wake of growing fuel needs. According to the statement, the company said retail sales of Petrol and Diesel are increasing at the rate of approximately 8% and 4% p.a. respectively. “Expansion of retail outlet network (Petrol Pumps) is undertaken by HPCL primarily to meet the growing fuel needs and convenience of customers in emerging markets like upcoming highways, agricultural pockets and industrial hubs in Jammu and Kashmir. The Retail Outlet network in Rural, remote and far-flung areas…
(ET) The power regulator in Maharashtra has set up a two member fact-finding panel to probe the “unduly high” utility charges by Adani Electricity even as explanations offered by the private-sector distributor failed to convince the state agency. Billionaire Gautam Adani’s foray into power distribution, after it acquired Reliance Infrastructure’s electricity distribution business in Mumbai, began with consumers complaining of a surge in power bills in the two months since Septemberwhen the company started billing consumers. ET reported on November 28 that consumers were complaining of the spike in utility bills, in some instances increasing more than 100%. The company…
(Hindustan) अपने सियासी सफर में अब सपा से अलग राह चुन चुके शिवपाल यादव पहली बार अपनी ताकत दिखाने जा रहे हैं। नई पार्टी के जरिए उनकी पहली रैली 9 दिसंबर को लखनऊ के रमाबाई अम्बेडकर मैदान में होगी। इसे जनाक्रोश रैली नाम दिया गया है और नारा है, हैं तैयार हम। शिवपाल यादव के लिए यह रैली प्रतिष्ठा का सवाल है। उनके समर्थक खासे उत्साहित हैं। उनके लिए नए नए स्लोगनों का इस्तेमाल शहर भर में हो रहा है। चौराहों चौराहों पर लगे होर्डिंग में शिवपाल को जननायक के रूप में पेश किया गया है। ‘हैं तैयार हम’ स्लोगन…
(ET) Delhi will run out of environment-friendly ethanol supplies for blending with petrol in the next few days as the capital’s local government is not allowing oil firms to store adequate quantities, raising the risk of vehicular emissions in an already-polluted capital. Delhi has experienced severe air pollution spells this year with thick smog covering the city because of fumes from agricultural fires along with industrial and vehicular pollution, that has taken air quality to hazardous levels, which puts the health of citizens at risk. Blending ethanol in petrol is considered a measure that could partly help curb air pollution.…
(Hindustan) मुख्यमंत्री योगी आदित्यनाथ ने शुक्रवार को कहा कि कुंभ व एनआरआई दिवस के आयोजनों के लिए प्रयागराज व वाराणसी में सुरक्षा में नई तकनीक का इस्तेमाल होना चाहिए। इन दोनों आयोजनों को प्रदेश सरकार की प्रतिष्ठा से जोड़ते हुए मुख्यमंत्री ने कहा कि इन दोनो आयोजन में विदेशी अतिथि भी आएंगे। इसके लिए सभी तैयारियां बेहतर और व्यवस्थित होनी चाहिए। मुख्यमंत्री शुक्रवार को इस आयोजन के संबंध में बैठक की अध्यक्षता कर रहे थे। उन्होंने कहा कि यह आयोजन देश तथा प्रदेश के लिए अत्यन्त महत्वपूर्ण है। इसमें बड़ी संख्या में प्रवासी भारतीय वाराणसी पहुंचेंगे। इसलिए शहर की सफाई,…