Author: Aruna Sharma

(Zee News) The Supreme Court on Monday allowed the proposal submitted by the Centre to allow different colour stickers on vehicles to identify cars running on polluting fuels. As per the proposal, blue stickers will be used on petrol and CNG cars and orange stickers will be used on diesel vehicles in Delhi NCR. The Environment Pollution Control Authority had in July this year told the Supreme Court that having colour-coded stickers to identify polluting automobiles would help in tackling air pollution. The EPCA had said that the colour-coded stickers would be more effective than having “odd-even” vehicle rotation scheme in…

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(TH) Confidence Petroleum India Ltd, India’s largest LPG cylinder manufacturer and a leading private sector LPG retailer, on Monday said it has raised ₹78 crore through private placement. The Nagpur-based, listed company allotted 1.5 crore equity shares on a preferential basis, at the rate of ₹52 per share to Jasol Investment and Trading Company Ltd, an Americorp Group Company and Global Strong Growth Fund. Subsequently, the paid-up equity share capital of the company has increased to ₹27.38 crore (27.38 crore shares of ₹1 face value). The new investors will hold 5.48 per cent in enhanced equity capital of the company. Prabhudas Lilladher acted as the…

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(ET) The Reserve Bank of India (RBI) has been examining about 200 bad-loan accounts going as far back as 2011as part of its annual inspection of bank books to preempt any nasty surprises in bankruptcy court or subsequent to debt resolution, said several people with knowledge of the matter. These include the accounts of Videocon, Essar Steel, ABG Shipyard, Bhushan Steel and Monnet Ispat, they said. The central bank is looking at repayment history, classifications, provisions and debt restructuring among other things to ensure that all procedures were correctly followed, the people said. “The RBI has sought details from some…

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(Tribune) As many as 66 families have been asked to vacate their houses in New Shimla, Vikasnagar, Dhalli, Indernagar and Gorkhu Lodge following landslides triggered by heavy rain in the capital city which has damaged houses, roads, paths, walls and pipelines worth Rs 4 crore since last night.Besides this, 150 pine trees were uprooted that damaged 20 houses and a police building in Bharari.About 25 families living in five houses in upper Dhalli faced threat as a landslide rendered the houses unsafe and occupants had been cautioned about the danger, said Shimla Mayor Kusum Sadret.Another 25 families living in Indernagar…

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(PTI) Taking a jibe at BJP chief Amit Shah’s claim that the saffron party will win 73-plus of the 80 Lok Sabha seats in Uttar Pradesh in 2019, Samajwadi Party president Akhilesh Yadav said today the BJP was saying this as the shaping up of opposition unity had frightened it. “Samajwadi people are ready (for the Lok Sabha elections). What is our strategy, we will not disclose. But its implementation has begun and see their condition,” Yadav told reporters here today. They are saying they will win 73-plus seats, he said. “Forget 73-plus, you have just lost three seats in bye-elections,” Yadav, a former UP…

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(PTI) The government today dismissed Usha Ananathasubramanian, who was three months ago divested of her powers as MD and CEO Allahabad Bank following the country’s biggest bank fraud allegedly carried out by Nirav Modi and associates at PNB. MD and CEO of Punjab National Bank before moving to Allahabad Bank, Ananathasubramanian was named in the CBI charge-sheet in connection with the Rs 14,000 crore fraud through fake LoUs in connivance with some PNB employees.She has been dismissed with immediate effect in the interest of Allahabad Bank, sources citing government notification said. It was alleged that she failed to exercise proper…

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(PTI) Congress President Rahul Gandhi today slammed the Goods and Services Tax as “Gabbar Singh Tax” and said that one slab GST would be implemented when the “Congress party-Government” comes to power at the Centre. Speaking at an interactive meeting with women Self-Help Groups, organised by the Telangana Pradesh Congress Committee, he also attacked the NDA government, saying it waived loans of Rs 2.5 lakh crore of the 15 richest businessmen in the country during the past two years. “No, (it is) Gabbar Singh Tax. This GST is a way of removing money from the pockets of the poor. This is not…

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(ET) Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported. The “informed source” in Iran’s oil ministry did not give details of the discount, but sought to downplay the move as common industry practice. “Discount is part of the nature of the global markets being offered by all oil exporters,” the source told IRNA. The United States will seek to block Iran’s international oil sales from November 5, when the second phase of sanctions are reimposed as part of Washington’s withdrawal from the 2015 nuclear…

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(India Education Diary) National conference on a very contemporary theme “Perspectives and Approaches to Employable Skill Development in New India” organized by Jaipuria School of Business was inaugurated by Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship Dharmendra Pradhan at Teen Murti Auditorium. Shri Dharmendra Pradhan who was the Chief Guest on the occasion praised JSB Chairman Dr. SK Mahapatra and the organizing committee for organizing this event. Sh. Pradhan, in his inaugural address emphasized on the urgent need to skill the Indian youth in order to make them employable and productive. He also discussed some of…

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