(PTI) Petroleum and Natural Gas Minister Dharmendra Pradhan has said India is a happening place as it is offering Rs one lakh crore business in bio-fuel and bio-energy to the investors across the globe. “India is a happening place for energy. Every day 40 million people are going to hydrocarbon retail points to meet their demand, and 190 million people are getting the benefit of subsidies. India offers 1 lakh crore of bio-fuel and bio-energy business to the world,” Pradhan said while inaugurating the first edition of Delhi Energy Dialogue (DED) 2018, yesterday. Addressing the gathering he said India is…
Author: Aruna Sharma
(LiveMint) Reserve Bank of India (RBI) governor Urjit Patel broke his silence on Wednesday on the PNB fraud, putting up a blistering defence for the regulator and sought to put the onus on the finance ministry instead.In a speech laced with melodramatic phrases delivered at the Gujarat National Law University (GNLU) in Gandhinagar, Patel claimed, “RBI’s regulatory powers over public sector banks are weaker than those over the private sector banks.” Effectively, the governor has blamed the diluted regulatory structure for the lapses in oversight and thereby put the ball back in the court of the Union government. In the…
(AU) बिहार उपचुनाव में अपनी शानदार जीत से उत्साहित आरजेडी के नेता लालू यादव की मुश्किलें बढ़ सकती हैं। चारा घोटाले में लालू यादव पर पांच मुकदमे दर्ज हैं जिनमें से चौथे मुकदमें में 15 मार्च को फैसला आने की उम्मीद है। यह मामला दुमका कोषागार से करीब 3.13 करोड़ रुपये की अवैध निकासी ने जुड़ा है, मामले की सुनवाई सीबीआई कोर्ट द्वारा की जा रही है। लालू यादव को चारा घोटाले से जुड़े 3 मामलों में पांच साल, तीन साल और पांच साल की सजा सुनाई जा चुकी है, उन पर 10 लाख रुपये जुर्माना भी लगा है। दुमका कोषागार मामले में लालू यादव,…
(LiveMint) The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) suffered a rude electoral shock in the three Lok Sabha bypolls in Uttar Pradesh (UP) and Bihar. More worryingly for the BJP is the sub-text of the verdict in UP. It was fashioned on an alliance between the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP), the two principal opposition parties in the state; implicitly suggesting a political realignment is underway ahead of the 2019 general election. In Uttar Pradesh, the BJP lost the Lok Sabha bypolls in Gorakhpur and Phulpur, the two Lok Sabha seats which were held by…
(AU) सपा के राष्ट्रीय अध्यक्ष अखिलेश यादव ने गोरखपुर व फूलपुर के उपचुनाव में जीत के बाद मीडिया को सम्बोधित करते हुए कहा कि ये राष्ट्रवाद के नाम पर झूठे वादे करने वालों की हार है। नोटबंदी-जीएसटी से जो लोगों की नौकरियां गई हैं, इसका जनता ने जबाव दिया है। वो सपा कार्यालय में मीडिया को सम्बोधित कर रहे थे। अखिलेश ने इस जीत के लिए बसपा की राष्ट्रीय अध्यक्ष मायावती को धन्यवाद दिया और कहा कि उनके कार्यकर्ताओं ने जो हमारा साथ दिया और मेहनत की। इसके लिए उन्हें धन्यवाद। अखिलेश ने मायावती के साथ ही कांग्रेस और वाम दलों…
(LiveMint) The goods and services tax (GST) implemented by the Narendra Modi government from 1 July last year is one of the most complex with the second highest tax rate in the world among a sample of 115 countries which have a similar indirect tax system, the World Bank said in a report. India’s GST structure has five tax slabs of 0, 5%, 12%, 18%, and 28%. Further, there are several exempted sales and exports are zero rated, which allows exporters to claim refund for taxes paid on inputs. Separately, gold is taxed at 3% rate, precious stones at 0.25%,…
During the current year 2017-18, the growth in supply of coal to power sector is 7.2%, based on the rising demand of coal based generating stations. As estimated by the Ministry of Power, the Pan India growth of coal based generation would be 5.4% to 5.7% in the current year & next four years. As an alternative energy source, the Government has up-scaled the target of Renewable Energy capacity to 175 GW by the year 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from Bio-power and 5 GW from Small Hydro power. So far a total…
(Tribune) The business advisory committee, which met here today, approved the agenda for the budget session scheduled to be held at Bhararisain (Gairsain) from March 20 . The session will begin with the Governor’s Address and an obituary in memory of BJP MLA Magan Lal Shah. “We hope to have a full and meaningful discussion on all issues that will be raised by MLAs,” said Prem Chand Aggarwal, Speaker of the Uttarakhand Legislative Assembly. The Budget will be tabled on March 21. For the first time, the session will also be held on Saturday (March 24), during which the members would discuss…
(LiveMint) Truce eluded the National Democratic Alliance (NDA) and a united opposition for the seventh consecutive day of the budget session on Tuesday with virtually no business being conducted in the disruption-hit Houses of Parliament. Later in the day, former Congress president Sonia Gandhi hosted a dinner meeting for opposition parties at her official residence to strengthen its strategy against the Bharatiya Janata Party (BJP)-led ruling alliance. The dinner was attended by leaders of 19 political parties, making it one of the biggest anti-BJP gathering of leaders of the past few months. The leaders included Sharad Pawar, chief of Nationalist…
(DJ) पीएनबी घोटाले के बाद रिजर्व बैंक ने बड़ा कदम उठाते हुए बैंकों की ओर से जारी किए जाने वाले साख-पत्र यानी लेटर ऑफ अंडरटेकिंग (एलओयू) और लेटर ऑफ कंफर्ट (एलओसी) पर रोक लगा दी है। इन दोनों का इस्तेमाल निर्यातक विदेशों से कच्चा माल मंगवाने के लिए करते हैं। यह विदेश में स्थित दूसरे बैंकों को भारतीय बैंक की तरफ से भारतीय खरीदार के लिए दी गई वित्तीय गारंटी होती है। नीरव मोदी, मेहुल चोकसी और उनकी कंपनियों ने पीएनबी की तरफ से गलत तरीके से एलओयू हासिल करके ही उसे 13 हजार करोड़ रुपये से ज्यादा का चूना…