(FE) The Centre will likely sell a 5% stake in the country’s largest oil explorer ONGC in what could be one of its largest disinvestment exercises in the current fiscal. At current prices (the ONGC stock closed Rs 176.20 on Monday), the stake sale may fetch the exchequer Rs 11,300 crore. The department of investment and public asset management (DIPAM) held roadshows in the US last week to reach out to potential investors for the proposed offer for sale (OFS) of the government’s stake in ONGC. The exact quantum of equity to be offloaded is, however, yet to be decided,…
Author: Aruna Sharma
(AU) प्रधानमंत्री नरेंद्र मोदी और भाजपा अध्यक्ष अमित शाह मंगलवार को पार्टीशासित राज्यों के मुख्यमंत्रियों, उपमुख्यमंत्रियों और राजगशासित राज्यों के उपमुख्यमंत्रियों के साथ मैराथन बैठक करेंगे। इस बैठक में विभिन्न राज्यों में केंद्रीय योजनाओं के क्रियान्वयन की स्थिति के अलावा आगामी लोकसभा चुनाव पर विस्तृत चर्चा होगी। इनमें खासतौर पर उन तीन राज्यों मध्यप्रदेश, छत्तीसगढ़ और राजस्थान पर अलग से चर्चा होगी, जहां इसी साल के अंत में विधानसभा चुनाव होने हैं। पार्टी मुख्यालय में पूर्वाहन 10.15 बजे शुरू होने वाली बैठक देर शाम तक चलेगी। बैठक की शुरुआत अध्यक्ष शाह के भाषण से और अंत पीएम मोदी के मार्गदर्शन भाषण…
(FE) Recently, the government banned the use of petcoke as a fuel. Petcoke is a more polluting fuel than coal, and India is one of its largest importer and consumer. However, the Directorate General of Foreign Trade has allowed its import, only for use in cement, lime kiln, calcium carbide and gasification industries, when used as the feedstock or in the manufacturing process. This import ban was long pending after the Supreme Court prohibited the use of petcoke in and around New Delhi last November, over the region’s air quality concerns. The government imposed an additional tax on coal in…
(PTI) As part of rationalisation post merger of six associate banks with itself, the country’s largest lender SBI has changed names and IFSC codes of nearly 1,300 branches across the country. Accordingly, the lender has published a list of new branch codes as well as the IFSC codes of these branches. The merger of six associate banks and Bhartiya Mahila Bank (BMB) with State Bank of India (SBI) came to effect from April 1, 2017 resulting into increase in size and valuation of the of the bank. A total of 1,295 branches have been changed across the country as per the…
(DJ) भारत के विमानन उद्योग में क्रांति का नया आगाज हो गया है। देश के पहले बायोफ्यूल विमान ने देहरादून से दिल्ली के बीच उड़ान भर इतिहास रच दिया। आने वाले दिनों में बायो फ्यूल से न केवल तेल आयात पर देश की निर्भरता कम होगी, बल्कि पर्यावरण संरक्षण की दिशा में भी यह कदम महत्वपूर्ण साबित होगा। इस खास अवसर के लिए विमानन कंपनी स्पाइस जेट ने टर्बोपार्प क्यू 400 विमान तैयार किया था। विमान को उत्तराखंड के मुख्यमंत्री त्रिवेंद्र सिंह रावत ने झंडी दिखाकर दिल्ली के लिए रवाना किया। इस एतिहासिक उड़ान के लिए रविवार से ही तैयारियां…
(PTI) Royal Dutch Shell today said it will acquire French oil major Total SA’s 26 per cent stake in the company that operates 5 MTPA Hazira LNG terminal in Gujarat. The size of the deal was however not disclosed. “Shell Gas BV, a subsidiary of Royal Dutch Shell plc, has signed a binding Letter of Intent (LoI) with Total Gaz Electricité Holdings France to acquire its 26 per cent equity in the Hazira LNG and Port venture in India, subject to regulatory approvals,” it said in a statement. Hazira LNG & Port venture comprises two companies — Hazira LNG that operates an LNG…
(PTI) Political will and administrative skill are more important to eliminate social evils and these should be coupled with any new legal initiative undertaken, Vice-President Venkaiah Naidu said today adding merely enacting a new law does not stop a crime or change the system. Delivering his key note speech during the 48th foundation day celebrations of the Bureau of Police Research and Development (BPRD) here, Naidu also lauded the central government’s decision to demonetise two large currencies (Rs 1,000 and Rs 500). “We have a weakness and fancy for a new law. Anything happens (there is a demand to bring)…
(ET) In a rare move, the government has issued a direction to power regulator Central Electricity Regulatory Commission (CERC) to allow changes in any central or state government duties to be passed in electricity tariffs to consumers post bidding. The industry welcomed the government’s move and said it will expedite procedures, helping a big chunk of power projects stuck due to such regulatory issues. Association of Power Producers director general Ashok Khurana said, ““APP welcomes the directions issued by power ministry today. This will expedite the cases relating to pass-through of additional cost due to change in law events, and help…
The Minister of Petroleum and Natural Gas & Skill Development & Entrepreneurship Shri Dharmendra Pradhan today launched an online portal for enabling easy, efficient and transparent booking of Common carrier capacity for natural gas transmission services under GAIL’s pipelines. It would be a first step to facilitate gas trading on hub or exchange traded platform in India. Launching the portal, Shri Dharmendra Pradhan said that the portal is a transparent, market-friendly component in the gas trading system. He said that the policy reforms in last 4 years have helped in increasing the production and import of gas multi-fold in the…
The Election Commission of India today held in depth consultation session with all the recognised national and state political parties on broad range of issues concerning the Elections. Altogether all 7 National parties and 34 State parties attended the meeting. In his opening remarks Chief Election Commissioner Sh O P Rawat said the Commission always values theinputs of Political Parties in making our Elections of gold standard. The Chief Election Commissioner Shri O.P. Rawat while opening the meeting observed that political parties are initiators of reforms and act as agents for mobilizing people and electors, enabling them to express their…