Oil and Natural Gas Corporation (ONGC), has been conferred with two awards under prestigious categories of ‘Exploration & Production – Company of the year’ and ‘Environmental Sustainability – Company of the year’ by Federation of Indian Petroleum Industry (FIPI) on 31 August 2018 at New Delhi. The award was presented by Former DG, CSIR and Padma Vibhushan Dr. R.A. Mashelkar to ONGC Team led by Director (Exploration) Mr. A.K. Dwivedi, Director (Finance) Mr. Subhash Kumar, in presence of CMD Mr. Shashi Shanker. The awards were presented in presence of Oil Industry thought-leaders representing Whos-Who of corporate India. Speaking on the occasion,…
Author: Aruna Sharma
(LiveMint) In a breather to banks, the UIDAI today extended till November 1 the deadline for banks for minimum Aadhaar enrolments and updations in identified branches, according to a communication sent to banks. The Unique Identification Authority of India (UIDAI) has asked banks to ensure that at least eight enrolments or updations are carried out daily in each stipulated branch from November 1, 2018, to avoid financial disincentives to be applicable from July 2018. On June 1, the UIDAI had said that stipulated bank branches with Aadhaar facility will have to ensure at least eight enrolments or updations in each…
(FE) The Prime Minister’s Office (PMO) will review on Monday the farm export policy floated by the commerce ministry, a source told FE. The draft export policy, which has been circulated for inter-ministerial consultations, has proposed to keep the outbound shipment of processed and organic items free of any restriction. Senior commerce ministry officials will brief the PMO about various aspects of the export policy and its intent on which the ministry has moved the cabinet note, said the source.Delivering his Independence Day speech, Prime Minister Narendra Modi had announced that the new agriculture export policy will be unveiled soon to boost…
(PTI) Domestic cooking gas (LPG) price was today hiked by Rs. 1.49 per cylinder while diesel rates crossed Rs. 70 a litre mark for the first time ever on drop in rupee value. Subsidised LPG with effect from midnight tonight will cost Rs. 499.51 per cylinder in Delhi as against Rs. 498.02 currently, mainly due to the tax incidence on base price, a statement issued by Indian Oil Corp (IOC), the nation’s largest fuel retailer, said. Diesel rates were hiked by 28 paisa a litre, the steepest increase since the daily revision in fuel rates was effected in mid-June last year. A litre of diesel now costs Rs. 70.21 in Delhi, where…
(LiveMint) The Union government plans to provide ₹1,000 crore as subsidy for building a nationwide charging infrastructure for electric vehicles as it seeks to expedite the roll-out of India’s ambitious EV programme, said two people aware of the development on condition of anonymity. The ministry of heavy industries (MHI) is drafting a cabinet note on the ways and means to set up the infrastructure as the government seeks to allay consumer concerns on how to charge such vehicles especially on cross-country highways. According to the draft reviewed by Mint, the government plans to have 1,000 charging stations across the country especially…
(AU) आरबीआई ने अपने स्टाफ को सौ रुपये का नया नोट बांटा है। स्टेट बैंक की मुख्य शाखा में भी नए नोट की करेंसी भेजी गई है मगर वहां इसे स्टाफ में नहीं बांटा गया। आम लोगों के हाथों में ये नया नोट अगले सप्ताह में मंगलवार या बुधवार तक आ जाएगा। इस नए नोट के आने के बाद भी 100 के पुराने नोट चलते रहेंगे। आरबीआई सूत्रों ने बताया कि बुधवार को पहले यहां कार्यरत स्टाफ को 100 के नए नोटों की गड्डी बांटी गई। इसके बाद बृहस्पतिवार को एसबीआई मुख्य शाखा में नोट भेजे गए। सूत्रों ने बताया…
(LiveMint) India’s economy accelerated to a nine-quarter high at 8.2% in the first quarter of 2018-19, beating expectations on the back of a strong pickup in manufacturing and a low base in the year-ago period. This is likely to provide a much-needed breather to the government that is under fire over the depreciating rupee and demonetization. “India’s GDP for the first quarter this year growing at 8.2% in otherwise an environment of global turmoil represents the potential of New India. Reforms and fiscal prudence are serving us well. India is witnessing an expansion of the neo middle class,” tweeted finance…
(ET) The central bank has promised to conduct a detailed study of the liquidity issues and come up with fresh guidelines on prudential standards. “Pro-active liquidity management is the key to the effectiveness of monetary policy,” RBI said in its annual report. “In this context, a detailed analysis of the liquidity impact of forex operations would be undertaken,” it said. Even though RBI raises or cuts the policy rate, the liquidity or cash in the banking system clearly weighs interest rate A tighter liquidity will help harden the rates while an adequate to ample liquidity will bring down the same. Higher…
(Tribune) After drawing flak for water-logging, especially on the Delhi-Gurugram expressway and newly constructed underpasses, the Gurugram administration has pulled up the National Highways Authority of India (NHAI). In a letter to the NHAI, DC Vinay Pratap Singh highlighted the fact that maintenance of underpasses and the expressway was the sole responsibility of the NHAI. He claimed that the authority had failed miserably in making any effort to drain water-logged stretches, leading to massive inconvenience and trolling of civic authorities. “We had written a letter the same day and shot off another on Thursday. The expressway and underpasses are under the NHAI,”…
(PTI) India is likely to surpass the UK to become the world’s fifth largest economy next year on growing consumption and strong economic activity, Finance Minister Arun Jaitley. He also exuded confidence that India would be among the top three global economies in the next 10-20 years. “This year, in terms of size, we have overtaken France. Next year we are likely to overtake Britain. Therefore, we will be the fifth largest (economy),” he said while inaugurating the office building of the Competition Commission India (CCI). India’s gross domestic product (GDP) was valued at $ 2.597 trillion at the end of 2017 overtaking…