(FE) Union Minister Nitin Gadkari on Monday suggested that biofuel can be an effective replacement for petrol and diesel. “We import petrol/diesel worth Rs 8 lakh crore, petrol price is increasing, rupee value is falling vs dollar…I have been saying since 15 years that farmers and tribals can make biofuel and fly aircraft,” Gadkari was quoted as saying by news agency ANI. The Union Minister for Road, Transport and Highways further said that new technology can run vehicles on ethanol made by farmers and tribals. Gadkari made his comments in Chattisgarh’s Raipur where he laid the foundation stone and dedicate to the…
Author: Aruna Sharma
(FE) India Post Payments Bank has tied up with Financial Software and Systems (FSS), a leading payments technology and transaction processing systems, to offer a wide range of banking solutions to financially underserved customer segments—especially rural households, small and medium enterprises and women. FSS’ Payments-in-a-Box solution will help India Post provide affordable, quality banking and payment services to its customers. It comprises of a comprehensive set of solutions to bring customers and merchants into the digital payments mainstream, generating critical network effects for furthering adoption and usage. The payments bank, latest to enter the market, can leverage its extensive postal delivery…
(LiveMint) A cut in taxes on petrol and diesel is ruled out for now as neither the central government nor some states have the appetite to stomach revenue loss from such a move, a top government official said Monday. While a cut in excise duty that the central government levies will impact fiscal deficit, states like Bihar, Kerala, and Punjab are not in a position to cut sales tax (or VAT), the official, who wished not to be identified, said. The government, he said, anticipates that international oil prices, which together with a drop in the value of rupee has…
(Hindustan) पेट्रोल और डीजल की बढ़ती कीमतों के विरोध में कांग्रेस द्वारा आहूत ‘भारत बंद’ का उत्तराखंड में मिलाजुला असर देखने को मिला। राजधानी देहरादून में अधिकतर दुकानें, पेट्रोल पंप, स्कूल, शैक्षणिक संस्थान, कार्यालय आदि खुले रहे और बंद का खास असर नजर नहीं आया। हरिद्वार और रूड़की में भी बंद का खास असर देखने को नहीं मिला और कांग्रेस कार्यकर्ताओं द्वारा बंद करायी गयी दुकानें उनके जाते ही फिर खोल दी गयीं। नैनीताल शहर और उसके आसपास के इलाकों में भी बंद का ज्यादा प्रभाव देखने को नहीं मिला और स्कूल तथा अन्य व्यापारिक प्रतिष्ठान खुले रहे। हालांकि, राज्य…
(LiveMint) The Finance Ministry is likely to replace GAIL, Engineers India Ltd (EIL) and Container Corporation with new PSUs in the CPSE Exchange Traded Fund (ETF) since the government holding in these companies has fallen below 55%. CPSE ETF, which functions like a mutual fund scheme, comprises scrips of 10 bluechip PSUs namely ONGC, Coal India, IOC, Oil India, PFC, Bharat Electronics, REC, GAIL, EIL and Container Corporation of India. Officials said three or more PSUs would be included in the CPSE ETF basket to replace GAIL, EIL and Container Corp and the number would depend upon the value of the…
(DJ) घाटी में आतंकियों के खिलाफ ऑपरेशन चला रहे सुरक्षाबलों को मंगलवार सुबह बड़ी सफलता हाथ लगी। कुपवाड़ा जिले के हंदवाड़ा में मुठभेड़ के दौरान सुरक्षाबलों ने दो आतंकियों को ढेर कर दिया। ये मुठभेड़ गुलूरा इलाके में हुई थी। सुरक्षाबलों को इलाके में कुछ और आतंकियों के छिपे होने की सूचना मिली है। फिलहाल, सर्च ऑपरेशन जारी है। उत्तरी कश्मीर के टंगडार (कुपवाड़ा) सेक्टर में पाकिस्तान ने रविवार रातभर संघर्ष विराम का उल्लंघन करते हुए भारतीय सैन्य व नागरिक ठिकानों पर भारी गोलाबारी की। इसमें स्कूल की एक इमारत और एक मस्जिद समेत 55 इमारती ढांचे क्षतिग्रस्त हो गए।…
(FE) With an aim to clear cane arrears of farmers for the current (2017-18) season, the Yogi Adityanath government is likely to grant a Rs 5,535-crore package. This multi-thousand crore package will be provided to mills to clear outstanding payments to farmers. Out of this 5,535-crore, Rs 1,010 crore will be disbursed to 24 cooperative factories. Apart from this, Rs 25 crore will be given to the sole state corporation-owned mill, according to Indian Express report. Out of the remaining Rs 4,500 crore , Rs 500 crore will be given as grant to private sugar mills and Rs 4000 crore…
(PTI) Amid petrol and diesel prices scaling new highs on daily basis, BJP president Amit Shah Monday met Oil Minister Dharmendra Pradhan, sources with direct knowledge of the meeting said. It was not immediately clear what transpired at the meeting, which took place at the BJP headquarters in the national capital. While Pradhan was not reachable for comments, sources said assembly elections in Odisha and spiralling fuel prices may have topics of discussions between the two leaders. Assembly elections are due in Odisha in 2019. Pradhan, who had at the time of the previous rally in May spoken about a long-term solution to…
(Tribune) The National Hydroelectric Power Corporation (NHPC) Parbati-Stage-II project authorities are all geared up to make it operational in mid-September. The 800-MW Parbati Stage-II project is part of the 2,013 MW Parbati project, Asia’s biggest hydro-power project, on the Parbati river here being executed by the NHPC.Talking to The Tribune Imran Saed, General Manager, project body, said “Testing for power generation at Parbati Stage-II has started and everything is going fine. If everything goes as per schedule, we will be able to start commissioning of power from this project in mid-September though the efforts are underway to make it operational as…
(PTI) ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), has rejected Venezuela’s offer for additional stake in an oilfield as it fears the Latin American nation may use it as an excuse to not pay USD 449 million of past dues, a top official said. State oil firm Petroleos de Venezuela SA (PDVSA) had last year offered a 9 per cent stake in the San Cristobal field to OVL. OVL already holds a 40 per cent stake in the field, which produces around 18,000 barrels of oil per day (bpd). “Cash-strapped PDVSA hasn’t…