(FE) Three public sector banks (PSBs) —Punjab National Bank (PNB), Andhra Bank and United Bank of India (UBI) — have put non-performing assets (NPAs) worth Rs 4,441 crore up for sale as the 15-day deadline to resolve such accounts comes closer. As per the Reserve Bank of India’s (RBI) February 12 circular, NPA accounts in which banks have an exposure of Rs 2,000 crore or more must be referred to the insolvency courts unless they were resolved by August 27. The circular gives banks another 15 days to move to the court. PNB has put on sale 21 accounts with an…
Author: Aruna Sharma
(DJ) बाढ़ विभीषिका देख स्थायी समाधान निकालने को चिंतित दिखे मुख्यमंत्री योगी आदित्यनाथ ने कहा कि जरूरत पड़ी तो वह घाघरा का वेग मुख्यधारा की ओर मोड़ देंगे। हम जल्द इस समस्या का निराकरण जरूर करेंगे। बाढ़ प्रभावित जिलों का जायजा लेने पहुंचे मुख्यमंत्री ने कहा कि गोंडा-बाराबंकी सीमा के निकट चरसड़ी तटबंध पर यह प्रयोग सफल रहा है। भारत बंद के सवाल योगी ने कहा कि भाजपा धर्म और जाति के नाम पर समाज को बांटने की राजनीति नहीं करती। जाति विशेष को संरक्षण देने वाले कानून के दुरुपयोग की कतई इजाजत नहीं दी जाएगी। गोंडा में मुख्यमंत्री ने कहा कि…
(FE) Soon it will be possible to use one smartcard to travel on every public transport service across the nation as the final trials for one-nation-one-card would be held in the next few months, NITI Aayog CEO Amitabh Kant said on Thursday. He said a lot of work has already been done on the one-nation-one-card policy after consultation with all stakeholders. “All the back-end technology work has been done on this and probably in the next three-four months, we should be able to hold the final trials and testing cutting across rails, metros, and buses,” Kant said while addressing the…
(LiveMint) The ministry of road transport and highways has formulated a list of non-fiscal incentives to ensure that electric vehicles (EVs) account for 15% of total vehicle sales in the next five years, Union minister for road transport, highways and shipping, Nitin Gadkari, said at the 58th annual convention of the Society of Indian Automobile Manufacturers (Siam). This would entail a quantum leap in the sales of electric vehicles, which now forms less than 1% of total vehicle sales in the country. The government also plans to establish compressed natural gas (CNG) dispensing stations in 300 districts to further push…
(PTI) State-owned Oil and Natural Gas Corp (ONGC) has made oil and gas discoveries in Madhya Pradesh and West Bengal that may potentially open up two new sedimentary basins in the country, the firm’s director for exploration has said. ONGC had previously opened six out of India’s seven producing basins for commercial production. It is in the process of adding the eighth by putting Kutch offshore on the oil and gas map of India. “The seventh basin was opened way back in 1985. We are looking at adding three more basins in next five years time,” ONGC Director (Exploration) Ajay Kumar…
(AU) पेट्रोल-डीजल की बढ़ती कीमतों के खिलाफ कांग्रेस ने सोमवार यानी 10 सितंबर को भारत बंद का आह्वान किया है। कांग्रेस के मुताबिक उसके इस बंद को सभी विपक्षी दलों का समर्थन हासिल है। बंद सुबह नौ बजे से शाम तीन बजे तक के लिए बुलाया गया है। इस दौरान कांग्रेस के सभी राज्यों के मुख्यालयों, जिला मुख्यालयों और पेट्रोल पंपों पर प्रदर्शन किया जाएगा। कांग्रेस की मांग है कि सरकार पेट्रोल-डीजल को जीएसटी के अंदर लाए जिससे इनकी बढ़ती कीमतों पर लगाम लगाई जा सके। कांग्रेस नेता रणदीप सुरजेवाला ने एक प्रेस कांफ्रेंस को संबोधित करते हुए कहा कि पेट्रोल-डीजल…
(ET) Union Minister Dharmendra Pradhan on Thursday assured the automobile industry of a steady supply of Bharat Stage-6(BS-VI) emission norms compliant fuel by 2020. According to the Minister for Petroleum & Natural Gas and Skill Development & Entrepreneurship, the fuel will be available across the country from April 1, 2020. Pradhan was speaking at the 58th annual convention of the Society of Indian Automobile Manufacturers (SIAM). The Indian auto industry will fully migrate to the manufacturing of only BS-VI compliant vehicles on a pan India basis from April 1, 2020.
(LiveMint) The Union government is working on an import substitution industrialization policy, given that the substantial rise in imports, especially of crude oil, is adversely impacting the economy. The centre is formulating a policy to substitute imported goods with domestic products, of which electric vehicles will form a major part, Union minister for road transport, highways and shipping, Nitin Gadkari, said at the annual session of an event organized by the Automotive Component Manufacturers Association (ACMA). “The automotive industry is always in need of more subsidies compared to what has been given to them. The industry now has to invest in…
(ET) India will purchase 18 bullet train sets from Japan at a total cost of about Rs 7,000 crore in a deal that includes a pledge to transfer technology for local production, an official said. The country’s first bullet train is likely to start running between Mumbai and Ahmedabad by the end of 2022. The 508-km, high speed train corridor is being built with Japanese assistance. “We’ll be getting 18 Shinkansen train sets from Japan,” said the official cited above. “Each train will have 10 coaches and would be able to cruise at the speed of 350 km per hour.” Japanese manufacturers…
(LiveMint) Hindustan Petroleum Corporation Ltd’s (HPCL) long-delayed refinery and petrochemicals complex in Rajasthan is finally taking shape. India’s third-largest state-run refiner will shortly raise ₹28,000 crore in debt from a consortium of banks, two officials at HPCL told. “We don’t need the funds immediately. We will be drawing it as and when the project needs. It will be a combination of multiple instruments. As of today, we have all the approvals in hand,” said M. K. Surana, HPCL’s chairman, and managing director. He said the company will finalise 10 of the 12 licensed technology providers by the end of next week, with…