(PTI) Tata Power on Thursday said it has inked MoU with state-run oil marketing company Hindustan Petroleum (HPCL) for setting up commercial-scale electric vehicle (EV) charging stations at latter’s retail outlets and other locations across the country. Tata Power and HPCL, through this memorandum of understanding (MoU), have agreed to collaborate in planning, development and operation of charging infrastructure for electric vehicles (e-cars, e-rickshaws, e-bikes, e-bikes, e-buses, etc), at suitable locations across India. Both the entities also intend to additionally explore areas of opportunities & collaboration in related fields like renewable energy, a company statement said. “We are delighted to…
Author: Aruna Sharma
(HT) Even as petrol and diesel prices are scaling new highs every day, minister of petroleum and natural gas Dharmendra Pradhan Wednesday said reducing taxes on these items will not have any lasting impact due to the continuing volatility in crude prices. Petrol prices have crossed Rs 90 a litre in many states while diesel is selling at over Rs 80 a litre, due to high VAT rates that states charge on these items. While Maharashtra has the highest VAT on oil products in the country to the tune of over 39 %, making almost 53 per cent of the…
(PTI) To give a push to the skilling ecosystem, the government has proposed establishing the National Council for Vocational Education & Training, along with skills universities that will offer degrees like master and bachelor of skills. The Skill Development and Entrepreneurship Ministry has placed the guidelines on setting up skills universities in India in the public domain and sought comments within 15 days. According to the draft norms, the universities will have specialised skill training labs, studios and centres of excellence developed in collaboration with industry.
(PTI) The Reserve Bank of India Thursday allowed banks to dip further into statutory cash reserves in a bid to ease a liquidity squeeze afflicting the nation’s money markets. RBI in a statement said banks could ‘carve out’ up to 15 per cent of holdings under the statutory liquidity reserves to meet their liquidity coverage ratio (LCR) requirements as compared to 13 per cent now. This resulted from a rise in the facility to avail funds for LCR to 13 per cent from 11 per cent, effective October 1, RBI said in a statement. The move by the central bank follows concerns…
(PTI) In a veiled attack on the Congress and its chief Rahul Gandhi, Petroleum Minister Dharmendra Pradhan Wednesday said those responsible for the bad condition of the economy are now questionning Prime Minister Narendra Modi over creation of jobs. Pradhan, who also holds the charge of Skill Development and Entrepreneurship ministry, said the “family that ruled the country for four generations” is responsible for the “shaky” economy. The family that ruled the country for four generations and is responsible for the shaky economy is now questioning the Prime Minister over jobs,” he said. Pradhan was addressing an employment fair organised by the National Skill Development Corporation (NSDC) here in Madhya Pradesh. Gandhi had said the Prime Minister did…
(BS) Finance Minister Arun Jaitley on Tuesday launched a portal to enable micro, small and medium enterprises (MSMEs) to get in-principle approval of loans within an hour without the need for a branch visit. The web portal, www.psbloansin59minutes.com, will enable in-principle nod for loans up to Rs 10 million within 59 minutes for MSMEs, financial services department secretary Rajiv Kumar said. The portal is for securing loan approvals only from Small Industries Development Bank of India, and five public sector banks (PSB) — State Bank of India (SBI), Bank of Baroda, Punjab National Bank, Vijaya Bank, and Indian Bank.
(DJ) सुप्रीम कोर्ट की संविधान पीठ का आज आधार और प्रमेाशन में आरक्षण मामले में फैसला आ सकता है। आधार मामले में मुख्य न्यायाधीश दीपक मिश्रा की अध्यक्षता वाली पांच सदस्यीय संविधानपीठ ने गत 10 मई को सभी पक्षों की बहस सुनकर फैसला सुरक्षित रख लिया था। प्रमोशन में आरक्षण मामले में यह तय होगा कि प्रमोशन में आरक्षण मामले में नागराज मामले में पुनर्विचार किया जाए या नहीं, यह तय किया जाएगा। इसके साथ ही सुप्रीम कोर्ट में कल ही कोर्ट की लाइव सुनवाई को लेकर भी फैसला आ सकता है। सेवानिवृत जज पुत्तासामी और कई अन्य लोगों ने आधार…
(ET) India is not planning to buy any crude oil from Iran in November, raising the prospect that Tehran will lose another major customer as U.S. sanctions hit. Indian Oil Corp. and Bharat Petroleum Corp. haven’t asked for any Iranian cargoes for loading in November, according to officials at the companies. Nayara Energy also doesn’t plan any purchases, said an industry executive. Mangalore Refinery and Petrochemicals Ltd. hasn’t made any nominations for that month, but may do so later, later, a company official said. Final decisions on purchases aren’t due until early October, so the refiners could still change their minds. The…
(Odisha Sun Times) Jindal Steel and Power Ltd (JSPL) has been conferred with the 5th CSR Impact Awards in Environment Category for its natural resource management initiatives under CSR programmes. JSPL Group Head (CSR & Education) Prashant Kumar Hota received the award on behalf of the company from Union Minister of State for Skill Development and Entrepreneurship Anant Kumar Hegde. JSPL was awarded for implementation of Integrated Watershed Development & WADI programmes in Odisha and Chhattisgarh in partnership with NABARD. After receiving the award Hota said, the WADI and Watershed projects have been instrumental in bringing all round development in villages of…
(ET) The government is planning a share buyback by Oil and Natural Gas Corp (ONGC) to help meet the challenging divestment target for the year, according to people familiar with the matter. The buyback, if approved by the board of ONGC, is likely to be close to a billion dollars in size, they said. The government has begun discussing the option of buyback with ONGC, and plans to offer part of its shareholding back to the company, people said. ONGC, which currently has no cash reserve and a net debt of about Rs 14,000 crore, may primarily use its internal cashflow…