(ET) India’s upstream petroleum regulator Directorate General of Hydrocarbons (DGH) has received 51 Expressions of Interest (EoI) since July for various fields being bid out under the mega Hydrocarbon Exploration Licensing Policy (HELP) auctions. Also, DGH plans to hold an interactive session led by oil minister Dharmendra Pradhan with Exploration and Production companies, oil and gas service providers, financial institutions and private equity firms in Mumbai on 26 October, DGH said in a notice. The session will also include discussions on upcoming Discovered Small Field Bid Round – II and upcoming Production Enhancement Contracts (PEC) policy. The oil ministry had made the auction…
Author: Aruna Sharma
(FE) Prime Minister Narendra Modi will visit Bihar today to attend the centenary celebrations of the Patna University and launch several development projects worth over Rs 3,700 crore. This will be the prime minister’s first full-fledged official tour to the state since the BJP became a part of the ruling coalition in Bihar in July this year. In August, Modi along with Chief Minister Nitish Kumar had made an aerial survey of the flood-hit districts of Bihar. After attending the Patna University function, the prime minister will fly by a helicopter to Mokama, which is in Patna district about 100 km from the capital…
(FE) Revenue Secretary Hasmukh Adhia on Friday said that the bringing petrol and diesel under the GST regime will take time, while saying that the government is mulling to cut GST rates on mass consumption items. TV reports citing agencies said that the government is looking to cut GST rates on mass consumption goods like furniture, plastic pipes, electric switches, while clearly ruling out bringing fuel under the GST. In the GST Council Meeting on Oct 6, the rate of diesel engine parts and pumps were reduced from 28% to 18%. The council also lowered tax rates on 27 products and…
(PTI) The government today invited bids from private companies, including foreign ones, to buy out its entire 51 per cent stake along with management control in helicopter service operator Pawan Hans Ltd. The Miniratna PSU is under the administrative control of the civil aviation ministry and the remaining 49 per cent stake is held by oil behemoth ONGC. In a “global invitation for expression of interest”, the government asked private players to submit the bids by December 8.”The government proposes to disinvest its entire equity shareholding of 51 per cent in Pawan Hans Ltd by way of strategic disinvestment to investors, along…
The Minister for Communications Shri Manoj Sinha today launched the Sampoorna Bima Gram (SBG) Yojana and an initiative for expansion of clientele base of Postal Life Insurance. Talking to media after launching the schemes here, the Minister said that the vision of the Prime Minister Shri Narendra Modi to provide banking services through the postal network needs to be taken forward to provide affordable life insurance services to people living in rural areas of the country. He said that all villages under the Saansad Adarsh Gram Yojana will be brought under its ambit. The Minister said, under Sampoorna Bima Gram…
Navis N4 will help Terminal Increase Capacity and Improve Productivity The Jawaharlal Nehru Port Container Terminal, one of the container terminals directly managed by India’s leading container port-JNPT, is constantly innovating and up-scaling operations to not only meet but exceed global benchmarks with an underlying commitment to provide seamless customer service and ease of doing business. The JNPCT has upgraded its terminal operating system to SPARCS N4 platform to optimize the terminal’s operational cycle with the ultimate goal to increase JNPCT efficiencies so that customers can experience improved productivity. The JNPCT has taken a number of initiatives for faster and…
प्रधानमंत्री श्री नरेन्द्र मोदी कल पटना शहर के लिए 738.04 करोड़ रुपये की लागत वाली चार सीवरेज परियोजनाओं और 195 कि.मी. लम्बी 3031 करोड़ लागत वाली चार राष्ट्रीय राजमार्ग परियोजनाओं की आधारशिला रखेंगे। शिलान्यास समारोह मोकामा में आयोजित किया जाएगा। केन्द्रीय जल संसाधन, नदी विकास और गंगा संरक्षण, परिवहन और जहाजरानी मंत्री श्री नितिन गडकरी भी शिलान्यास समारोह में उपस्थित रहेंगे। इस अवसर पर बेऊर और सैदपुर में सीवरेज ट्रीटमेंट प्लांट तथा सीवर नेटवर्क तथा करमालीचक में सीवरेज ट्रीटमेंट प्लांट का शिलान्यास होगा। इन चार परियोजनाओं से बेऊर, करमालीचक और सैदपुर सीवरेज क्षेत्रों (जोन) के लिए 120 एमएलडी की नई एसटीपी…
HPCL is proud to be the first Oil Company from India to mark its presence in the lubricant market in Myanmar, and to lend more visibility and awareness to the brand, a well-designed product launch was scheduled in two major cities there. Having achieved the number one position in the domestic market, HP Lubricants sought to prove itself in foreign shore by venturing into Myanmar. The first event on 1 st Oct 2017 in the commercial hub of Yangon was graced by His Excellency the Ambassador of India to the Republic of the Union of Myanmar, Shri Vikram Misri as…
(ET) Import of oil-drilling rigs has been exempted from the goods and services tax (GST) levy to give a boost to domestic exploration and production, the government has said. The GST Council has also cut tax rate on bunker fuel to 5% from 12%. Nearly all deep sea drilling rigs are imported, and a bulk of the ones used in shallow waters to drill wells to probe and produce oil and gas are also of foreign origin. Petrol, diesel, jet fuel, natural gas and crude oil oil have been kept out of the GST regime, resulting in continuation of cascading…
(DJ) दिल्ली और एनसीआर में एक नवंबर तक पटाखों की बिक्री पर प्रतिबंध के खिलाफ व्यापारियों की याचिका पर सुप्रीम कोर्ट शुक्रवार को सुनवाई करेगा। जस्टिस एके सीकरी की अध्यक्षता वाली पीठ इस मामले की सुनवाई करेगी। याचिका में सर्वोच्च न्यायालय से उसके नौ अक्टूबर के आदेश में संशोधन की मांग की गई है। व्यापारियों ने बुधवार को अदालत से इस मामले में जल्द सुनवाई का अनुरोध किया था। उनका कहना था कि वे पटाखे खरीदने में काफी पूंजी लगा चुके हैं और यदि प्रतिबंध जारी रहा, तो उनको भारी नुकसान उठाना पड़ेगा। उल्लेखनीय है कि सुप्रीम कोर्ट ने लोगों…