(ET) State Bank of Indiais preparing a major debt restructuring and takeover plan for stressed power assets, to improve valuations and attract new owners with incentives and a quick resolution process. The country’s largest lender has called all power plant lenders in Mumbai on Wednesday for discussing a proposal that has a direct bearing on loans adding up to Rs 1.77 lakh crore in 75,000 MW stressed capacity. It has also asked the power ministry to waive transmission transmission penalties and grant early regulatory approvals to help new promoters, said a senior government official. The bank proposes to get debt of…
Author: Aruna Sharma
(FE) As it meets on May 4 via video conferencing, the Goods and Services Tax Council will have many items on the agenda, including adoption of a simplified system, which will make compliance easy, without compromising on revenue for the government. It will also consider a proposal for the government to have majority stake in GST Network, the IT backbone for the new tax, and imposition of a cess on sugar to create a fund that will help mills clear cane dues owed to farmers. Sources said the Council is keen on approving the new IT model for tax payment,…
(Hindustan) विश्व प्रसिद्ध बदरीनाथ धाम के कपाट आज (सोमवार) सुबह श्रद्धालुओं के लिए खुल गए हैं। तड़के सवा तीन बजे से मंदिर परिसर में पूजा-अर्चना के साथ कपाट खोलने की प्रक्रिया शुरू हो गयी थी। ठीक साढ़े चार बजे ब्रह्म मुहुर्त में भगवान बदरीनाथ धाम के कपाट श्रद्धालुओं के दर्शनार्थ खोले गए। अब छह महीने बदरीनाथ में भगवान के दर्शन होंगे। सोमवार तड़के भगवान कुबेर और उद्धव जी ने मंदिर में प्रवेश किया। बदरीनाथ मंदिर के धर्माधिकारी भुवन चंद उनियाल ने बताया कि ब्रह्म मुहुर्त में कपाट खुलने के बाद अगले छह माह तक भगवान की पूजा का अधिकार मनुष्यों…
(TOI) Union petroleum and skill development ministerDharmendra Pradhan on Sunday inaugurated the Balasore pump station, a feeder point of supplying crude oil to five refineries of Paradip, Haldia, Barauni, Bongaigaon and Guwahati, at Chandipur in Balasore district. The minister will inaugurate an LPG pipeline, the Paradip-Balasore section of Paradip-Haldia- Durgapur LPG Pipeline(PHDPL), and an LPG bottling plant at Kuruda in Balasore district. The projects will serve the entire eastern and north eastern region of the country, Dharmendra said. The state-of-the-art pump station will play a key role in feeding the Paradip-Haldia- Barauni Crude Oil Pipeline (PHBPL), which is the energy highway to the entire eastern and…
(DNA) Ahmedabad may soon find a place on the shale gas map as ONGC (Oil and Natural Gas Corporation) is set to explore for shale gas in its fields in the district. Ahmedabad asset of ONGC is already the second largest producer of crude oil in Gujarat. Shale refers to a sedimentary rock, and shale gas is the natural gas trapped within these rocks. Shale gas has revolutionised energy market in the US, which is the largest producer of the unconventional type of natural gas, but in India, shale gas is in its early days. “We will soon begin work to…
(DJ) आगरा-लखनऊ एक्सप्रेस-वे पर फर्राटा भरने वाले वाहन चालकों को ज्यादा टोल टैक्स देना होगा। कार, जीप, वैन या हल्के मोटर वाहन के आगरा से लखनऊ तक के सफर के लिए अब 15 रुपये ज्यादा देने होंगे। यूपीडा ने वित्तीय वर्ष 2018-19 के लिए एक्सप्रेस-वे पर विभिन्न श्रेणियों के वाहनों के लिए बढ़ी हुई टोल दरें तय कर नोटिफाई कर दी हैं। नई दरों को अभी लागू नहीं किया गया है। चालू वित्तीय वर्ष के लिए निर्धारित नई दरें दिसंबर, 2017 के लिए थोक मूल्य सूचकांक पर आधारित हैं। नई दरें 25 फीसद छूट के साथ और बिना छूट के,…
(PTI) The Reserve Bank of India announced a slew of measures to raise exposure of Foreign Portfolio Investors (FPI) in government securities, a move that will help in softening yields. The cap on aggregate FPI investments in any central government security, currently at 20 per cent, stands revised to 30 per cent of the outstanding stock of that security, the RBI said in a late night notification. “FPIs were required to invest in corporate bonds with a minimum residual maturity of three years. Henceforth, FPIs are permitted to invest in corporate bonds with minimum residual maturity of above one year,” it said.…
(LiveMint) Billionaire Mukesh Ambani-helmed Reliance Industries Ltd (RIL) reported its highest ever quarterly net profit of Rs9,435 crore, beating Street estimates, for the quarter ended 31 March. Revenue at the energy-to-telecom conglomerate rose 39% year-on-year to Rs1.29 trillion, buoyed by a rise in petrochemical sales and increase in global crude prices leading to better realizations in refined products. For the full year, RIL’s net profit stood at Rs36,075 crore, up 20.6% from 2016-17. A Bloomberg poll of seven analysts had projected RIL to report a net profit of Rs9,379 crore for the March quarter. However, the performance of the telecom arm, Reliance Jio Infocomm Ltd,…
(Hindustan) प्रधानमंत्री नरेंद्र मोदी दो दिवसीय दौरे पर चीन के वुहान शहर पहुंचे हैं। मोदी के दौरे का आज दूसरा दिन है। मोदी और जिनपिंग ने आज वुहान की ईस्ट लेक के किनारे सैर करते-करते कई अहम मुद्दों पर चर्चा की। इसके बाद दोनों साथ-साथ नौका विहार किया। लेक किनारे मोदी और जिनपिंग ने चाय पर चर्चा भी की। इस कार्यक्रम के बाद प्रधानमंत्री मोदी, राष्ट्रपति शी की ओर से आयोजित लंच में शामिल होंगे। आपको बता दें कि जिनपिंग और मोदी के बीच होने वाली ये मुलाकात पूरी तरह अनौपचारिक है। यानी इस मुलाकात में ना ही कोई साझा बयान दिया जाएगा,…
(PTI) Union minister Dharmendra Pradhan on Friday criticised the pervious Congress-led governments for unemployment and lack of skills among the country’s youth, saying that those whose three generations were in power are now asking “where are the jobs Modi ji”. “All those whose three generations remained parliamentarians have a resentment in the country that youth have not got employment,” he said at the National Conference of State Ministers on Skill Development and Entrepreneurship here. Pradhan, who is skills development and entrepreneurship minister, said: “Their party remained in power for 7 decades. They are questioning our 48 months service. They are asking where…