(LiveMint) Indian Oil Corporation will invest Rs3,400 crore in Assam over the next five years to expand its operations by setting up new units as well as upgrading the existing ones, a senior IOC official said on Saturday. The company will sign a Memorandum of Understanding (MoU) with the Assam Government to this effect at the two-day ‘Advantage Assam – Global Investors Summit 2018’, beginning here today, the official said. “We are signing an MoU with the state government that will empower us to invest Rs3,400 crore in Assam over the next five years. This will be for various projects…
Author: Aruna Sharma
(PTI) Cold wave conditions prevailed in the mid and higher hills in Himachal Pradesh as the mercury dropped by a few notches despite dry weather. Strong velocity icy winds swept the region under partially overcast sky, causing marginal drop in the maximum day temperatures. Keylong was coldest during the day with the maximum temperature at 6.5 degrees Celsius, while Kalpa, Shimla and Dharamsala recorded a high of 10.2 degrees Celsius, 13.6 degrees Celsius, 15.4 degrees Celsius and 17.2 degrees Celsius, followed by Nahan 19.3 degrees Celsius, Palampur 19.6 degrees Celsius, Solan 20 degrees Celsius, Sundernagar 21.5 degrees Celsius, Bhuntar 23…
(FE) Micro, small and medium enterprises (MSMEs) will be at the forefront of leading the consolidation of the economy after major structural changes like demonetisation and introduction of the Goods and Services Tax (GST), which were carried out in the last two years, finance minister Arun Jaitley said on Saturday. He was speaking at the launch of “CriSidEx”, a sentiment index for micro and small enterprises, developed jointly by Crisil and government-controlled Small Industries Development Bank of India (Sidbi). The index is a composite index based on a diffusion index of eight parameters, and measures MSE business sentiment on a…
(Tribune) The purchase of 300 new buses with a loan of Rs 275 crore under the “single company-centric transport policy” launched in 2015-16 by then the Transport Minister, GS Bali, is under lens. “Now, these 300 buses are gathering dust on roadsides near Himachal Roads Transport Corporation (HRTC) workshops,” said sources. The HRTC and the Transport Department have failed to ply these buses to date. “It seems that the buses were purchased in a tearing hurry at the fag-end of Congress tenure,” said Transport Minister Govind Thakur today. “It reflects vested interests and we will probe the matter. We are…
(Hindu) GAIL (India) Ltd has placed an order for ₹ 440 crore for the laying of 350 kilometre of pipeline from Vijaipur (Madhya Pradesh) to Auraiya (Uttar Pradesh). A company statement said that this is a part of the spurline of 665 km from Vijaipur to Phulpur (in Uttar Pradesh) to the existing upgradation pipeline system. The pipeline laying contract for a 315 km stretch from Auraiya to Phulpur was earlier awarded during November 2016. The Vijaipur to Phulpur pipeline will provide the gas feed to the ongoing 2,655-km long Jagdispur-Haldia-Bokaro-Dhamra pipeline (JHBDPL) project of GAIL, also known as the…
(LiveMint) To effectively implement the government’s ambitious health insurance scheme, touted as ‘Modicare’, the central and state governments need to work together under federal institutions like the Goods and Services Tax (GST) Council, finance minister Arun Jaitley said on Friday. Speaking at a post-budget event organized by Open magazine, Jaitley said there is no statutory mechanism at present like the GST Council wherein the centre and the states can coordinate when it comes to expenditure on health, agriculture and social sector, which fall in the concurrent list with both states and the centre having legislative powers over them. The idea…
(Hindustan) बोर्ड एग्जाम से पहले प्रधानमंत्री नरेंद्र मोदी की स्टूडेंट्स के लिए लिखी बुक आज लॉन्च होगी। इसे ‘एग्जाम वॉरियर्स’ नाम दिया गया है। पुस्तक का विमोचन प्रवासी भारतीय केंद्र में होगा। विदेश मंत्री सुषमा स्वराज इस कार्यक्रम की मुख्य अतिथि हैं जबकि मानव संसाधन विकास मंत्री प्रकाश जावड़ेकर विशिष्ट अतिथि होंगे। किताब में दसवीं और बारहवीं के बोर्ड एग्जाम देने वाले स्टूडेंट्स की परेशानियों पर फोकस किया गया है। पीए मोदी ने इसमें बताया है कि नॉलेज हमेशा एग्जाम मार्क्स से ज्यादा अहम होती है। किताब ‘एक्ज़ाम वॉरियर्स’ को अनोखे अंदाज में लिखा गया है। इस पुस्तक को मंत्रों…
(NDTV) With the strategic petroleum sector still outside the GST regime, petrol and diesel were among the few other items that figured among the part on indirect taxes in the last full budget just presented by Finance Minster Arun Jaitley before the 2019 general elections. Even as the Union Budget 2018-19 proposed levy of road and infrastructure cess of Rs. 8 per litre on petrol and diesel, while abolishing the additional excise duty of Rs. 6, global prices pushed petrol to a nearly three-and-a-half-year high of Rs. 73.05 per litre in Delhi on Thursday. The basic excise duty on unbranded…
(PTI) Coal Minister Piyush Goyal today said India should strive for 50 per cent of its power generation capacity from renewable sources by 2030 on the back of technological advancements in solar and wind energy. “With technological advancements in solar power and large turbines in wind energy, the country should strive for 50 per cent generation capacity from renewable sources by 2030,” Goyal said while addressing the 7th Indian Energy Congress. He further said India is the first major country which is fast transitioning into a new era of carbon-free energy for its citizens. The minister also said the country…
(FE) The government’s determined focus to make real estate as one of its key drivers has been amply evident in the last couple of years. The Union Budgets have played a significant role in this, augmenting the sector with initiatives such as infrastructure status for affordable housing, extension of income tax benefits up to 60 sq metre-sized apartments, amendments in Real Estate Investment Trusts (REITs). Last year, these were further strengthened with the implementation of Real Estate (Regulation and Development) Act, 2016, (RERA) and GST, which have started impacting the sector positively. This year’s Budget emphasises on the development of…