(ET) In a first of its kind move in the country, Indian Oil Corporation (IOC), the nation’s largest fuel retailer, has started home-delivery of diesel in the city of Pune and intends to start pan-India soon. “Another milestone in customer convenience. IndianOil launches FIRST PESO APPROVED Mobile dispenser for door delivery of diesel to its esteemed customers at Pune,” IOC said on twitter. The Oil Marketing Company intends to start home-delivery of diesel in the beginning and may take a call later on home-delivery of petrol too, a senior executive, who did not want to be quoted, said.Oil Minister Dharmendra Pradhan had in April last year stated…
Author: Aruna Sharma
(TH) An equal joint venture between state-run oil refiners Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) has won the rights to develop and run a liquid terminal at Kamarajar Port Ltd near Chennai. The consortium — the only group to put in a price bid on a public tender — was awarded the ₹393-crore, 3-million-tonne (mt) capacity project a few days ago, a spokesman for the port said. The BPCL-HPCL consortium had quoted a revenue share of 23 per cent for the new facility which seeks to tap into the growing demand for POL, LPG products and…
(LiveMint) The Indian Railway Stations Development Corporation Ltd (IRSDC) on Friday invited proposals to redevelop three railway stations—one in Chandigarh and two in New Delhi—at a cost of Rs656 crore as part of the government’s $1 trillion station modernization drive. According to a request for proposals published by IRSDC, the nodal agency for the programme, work at the Chandigarh station will take Rs140 crore and be carried out over two years; the stations at Bijwasan and Anand Vihar in New Delhi will cost Rs310 crore and Rs206 crore, respectively, and take around three years. The three projects are likely to be…
(TH) Now, you can pick up 5 kg LPG cylinders at 20 Indian Oil Corporation petrol bunks in the city without paying any deposit. Customers just have to pay ₹1,354.50 per cylinder. When you need a refill, you can take the empty cylinder to any of these bunks and pick up a refill for ₹365 (rate for the month of March, 2018). The only thing required is the submission of a valid ID during the time of purchase. Indian Oil Executive Director (Tamil Nadu and Puducherry), R. Sitharthan, who launched the sale of the free trade LPG (FTL) cylinders on Thursday,…
(ET) Power producers have sought special consideration from the Reserve Bank of India regarding the new norms announced for stressed assets, citing that the sector faces problems which are “beyond developers’ control” and this norm can potentially affect projects totalling 75,000 megawatts (mw). In a letter to RBI governor Urjit Patel, the Association of Power, said, “You would agree that the system has to be tolerant of genuine difficulties, while coming down heavily on mismanagement and fraud. Considering the significant exposure of these assets to factors which are completely beyond the control of developers, we request you to issue special…
(ET) Hydro power generation in India is all set to increase by 3.5 per cent in the current financial year even as dry winter (63 per cent below normal rainfall in January and February) has impacted generation in the last quarter. Scanty rains has decreased the overall hydro power generation by 15 per cent in February as projects are affected in North, West and Eastern region by falling water levels in rivers. Lack of snowfall in North this year has already shrunk generation at country’scountry’s largest hydro power company, National Hydro Power Corporation by half in the month of February…
(PTI) Bahujan Samaj Party chief Mayawati today said the BJP may call for early Lok Sabha elections after its stunning defeat in the parliamentary bypolls in Uttar Pradesh and Bihar. The former Uttar Pradesh chief minister, whose gamble of backing the Samajwadi Party for the bypolls in Gorakhpur and Phulpur in the state paid rich dividends, said the idea was to teach the party a lesson. Addressing a rally here, she labelled the Narendra Modi government at the Centre a “dictatorship” and alleged that it had “surpassed” the Emergency imposed by the Congress government in 1975. Mayawati also accused the government of…
(ET) The government may soon double minimum monthly payments under the Employees’ Pension Scheme (EPS) of the Employees’ Provident Fund Organisation (EPFO) to Rs 2,000 to strengthen the social security net for pensioners, a senior government official told. Such a move, about a year ahead of the next general election, would benefit at least 4 million people and cost the Centre a minimum Rs 3,000 crore annually if implemented, the person said. The Cabinet had in 2014 approved a minimum monthly pension of Rs 1,000 for a year under EPS and then extended it in perpetuity the following year. The…
(HT) New applicants for bank accounts, Tatkal passports, mutual funds and telecom services will have to still provide their Aadhaar number to avail of services even after the Supreme Court indefinitely extended the 31 March deadline, Ajay Bhushan Pandey, chief executive officer of the Unique Identification Authority of India (UIDAI), said in an interview on Tuesday. The apex court extended the deadline until after it rules on petitions challenging the constitutional validity of Aadhaar.
(FE) Prime Minister Narendra Modi on Friday will visit Manipur to open the Indian Science Congress (ISC). He is also scheduled to inaugurate several projects and address a public reception function. The Prime Minister will deliver the inaugural address at the 105th session of the ISC at Manipur University. Imphal will become the second city to host this event in the North-East. At Luwangshangbam, the Prime Minister would inaugurate Luwangpokpa Multi-Sports Complex, ST Girls Hostel (Liberal College) and Rani Gaidinliu Park (Mantripukhri). He would also lay foundation stones for several projects including National Sports University, 15 transit accommodations for doctors and teachers, 1000 Anganwadi…