(ET) The Security and Exchange Board of India (SEBI) is unlikely to approve the Multi Commodity Exchange (MCX) and Indian Commodity Exchange’s (ICEX) applications for launching futures contracts in petrol and diesel, sources aware of the development told Moneycontrol. This is because both petrol and diesel are politically sensitive fuels, given their ability to influence retail and wholesale inflation, sources said. In December last year, both the exchanges had filed applications with SEBI. The capital and commodities market regulator had written to the petroleum ministry seeking an in-principle approval for the contracts, which the ministry had given in May.
Author: Aruna Sharma
(ET) Goa consumes more petrol and diesel on a per capita basis than any other state in the country, while Bihar uses the least. Per capita sales of petrol in Goa were 119.7 kg in 2017-18, over six times the national average of 19 kg, according to oil ministry data. In diesel, at 225.6 kg, Goans consumed almost three-and-half times the fuel than the national average of 66.9 kg. By contrast, in Bihar, per capita sales were 6.7 kg for petrol and 22 kg for diesel, about one-third the national average. Economic activity, tourist flow and inter-state variation in taxes largely…
(Hindustan) मुख्यमंत्री योगी आदित्यनाथ के निर्देश पर संभल के एसपी राधे मोहन भारद्वाज और प्रतापगढ़ के एसपी संतोष कुमार सिंह-1 को निलंबित कर दिया गया है। यमुना प्रसाद को संभल और देव रंजन वर्मा को प्रतापगढ़ का नया एसपी नियुक्त किया गया है। दो पुलिस कप्तानों पर हुई इस कार्रवाई से पुलिस विभाग में हड़कंप मच गया है। दोनों जिलों में पुलिस कार्रवाई में लापरवाही से नाराज होकर मुख्यमंत्री ने पुलिस कप्तानों को निलंबित करने का निर्देश दिया। संभल में एक महिला को सामूहिक बलात्कार के बाद जिंदा जला देने तथा प्रतापगढ़ में एक किशोरी की मौत के मामले में…
(BS) The International Monetary Fund (IMF) has trimmed India’s growth projection by 0.1 percentage point for 2018-19 owing to high oil prices and a tight monetary policy regime. The effect of the twin headwinds on the IMF’s projection for 2019-20 was much sharper — 0.3 percentage points. Now, the IMF has forecast India will grow by 7.3 per cent in 2018-19 against the earlier estimate of 7.4 per cent. The economy was projected to grow 7.8 per cent by 2019-20 by the Fund earlier, but now the projection stood at 7.5 per cent, according to the World Economic Outlook (WEO) Update,…
(FE) Following the three successful pilots — one each by the state-run oil marketing companies (OMCs) — to deliver diesel at doorsteps, each of these firms will soon have eight such test projects. While OMCs till now were directly offering the service, start-ups under the supervision of the OMCs, and private fuel retailers such as Reliance Industries and Essar Oil, now renamed Nayara Energy, will also be allowed to offer doorstep delivery of diesel if they show interest and obtain required permissions. According to a person close to the development, requisite permissions from the Petroleum and Explosives Safety Organisation (PESO), which…
(Hindustan) वेस्ट यूपी और उत्तराखंड की कांवड़ यात्रा पर आतंकी साया मंडरा रहा है। खुफिया इनपुट मिलते ही यूपी और उत्तराखंड के अधिकारी स चौकन्ने हो गए हैं। तय हुआ है कि एटीएस की निगरानी में जहां कांवड़ यात्रा निकलेगी, वहीं आम नागरिकों के वेष में पुलिस और एटीएस के जवान भी साथ चलेंगे। उधर सुरक्षा के मद्देनजर देहरादून में दोनों राज्यों के पुलिस और खुफिया अफसरों की बैठक भी हुई। वेस्ट यूपी में कांवड़ यात्रा का खासा धार्मिक महत्व है। सहारनपुर, मेरठ, मुरादाबाद, बरेली और उधर अलीगढ़ तक लाखों श्रद्धालु कांवड़ यात्रा लेकर चलते हैं। कांवड़ यात्रा 28 जुलाई…
(AU) बढ़ते प्रदूषण से चिंतित सुप्रीम कोर्ट ने सोमवार को कहा कि लोगों की जान किसी भी उद्योग से ज्यादा महत्वपूर्ण है। लोगों की जान से किसी तरह का समझौता नहीं किया जा सकता। शीर्ष अदालत ने यह टिप्पणी प्रदूषण की वजह से 60 हजार लोगों की मौत संबंधी रिपोर्ट देखने के बाद की। न्यायमूर्ति मदन बी लोकुर और न्यायमूर्ति दीपक गुप्ता की पीठ ने सरकार से पूछा है कि पेट कोक के आयात की इजाजत क्या लोगों के स्वास्थ्य पर होने वाले प्रभाव का अध्ययन किए बिना दी गई थी। पीठ ने पर्यावरण व वन मंत्रालय द्वारा पेट कोक के…
(ET) The government may infuse about Rs 8,000 crore in five or six state-run banks that are likely to fall short of regulatory capital requirements, a senior finance ministry official said. These banks may include Nirav Modi scam-hit Punjab National Bank. “There are some banks that have issued additional tier 1 capital bonds and the interest payments are due. Now if they don’t meet the regulatory capital norms, they will not be allowed to make such payments,” the official said. The government cannot allow public sector banks to default on such payments, which will impact their rating, the official said.…
(ET) The Railway Board has reversed its order delegating power to divisional railway managers (DRMs), rolling back a key reform that had been implemented last year. DRMs are additional secretary or senior joint secretary rank officials and operational heads of the railways across all its 68 divisions. The earlier order of delegation of powers to DRMs was issued to end the archaic departmentalisation that prevailed at the national transporter, which has a total of eight cadres of group A services. The high number of services and departments in railways has been holding up operational efficiency at the ground level by…
(ET) The biometric data of Aadhaar cannot be hacked even if someone tried a billion times, Union Minister for Information Technology Ravi Shankar Prasad said on Sunday, while calling the data storage system “completely safe and secure”. “… the system contains my fingerprints and my iris scan, kept in a safe and secure condition which cannot be broken into even with billion efforts,” Prasad said at a public function organised here. The Minister said that Aadhaar authorities conduct nearly one crore authentications every second. “Do you know how many authentications we do every three seconds? Three crore. Do you know…