(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…
Author: Aruna Sharma
(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…
(PTI) Under the MGNREGA scheme, 52.02 days of employment was generated as against 100 days guaranteed in the rural employment Act, according to a CAG report. The performance audit of the activities carried out under the scheme during the period 2012-13 fiscal to 2016-17 fiscal in selected districts also revealed that the annual development plan and labour budget were not approved timely and quorum for approval by the Gram Sabha was not fulfilled. The report was tabled in the state Legislative Assembly Wednesday. “Average employment provided in the state was only 52.02 days per household. Overall 15.82 per cent muster rolls remained…
(FE) Finance Minister Arun Jaitley on Wednesday attributed the fall in rupee to global factors and stressed that the domestic unit was better off as compared to other currencies. The rupee’s unabated fall continued for the sixth straight session Wednesday as it hit yet another closing low of 71.75 against the US dollar, tumbling 17 paise. The battered rupee has lost 165 paise in the last six trading sessions. “If you look at the domestic economic situation and the global situation, there are virtually no domestic reasons which are attributable to this. The reasons are global,” he told reporters on the falling value of…