(PTI) The United Petroleum Front (UPF) today announced a 24-hour closure of outlets by petroleum dealers nationwide from October 12 midnight to press the government on their demands, including rectification of trade anomalies. The UPF has said that if the government does not relent, it would go for an indefinite closure of purchase and sale from October 27 till the trade anomalies are resolved. Speaking to reporters, the president of All Karnataka Front of Petroleum Traders B R Ravindranath said Oil Marketing Companies (OMCs) are not keen on resolving the issues and demands which they had earlier agreed on November 4…
Author: Aruna Sharma
The Minister of Petroleum and Natural Gas Shri Dharmendra Pradhan, addressedthe India Energy Forum by CERAWeeK in New Delhi today. Addressing the forum, Shri Pradhan said India will remain one of the fastest growing energy markets in the World in the coming two decades. Both on account of increasing access and better life styles, there will be growth in per capita energy consumption. India will be an influential buyer in the global energy market.Given India’s dependence on imports (80% oil and 50% gas) – India has to constantly track the global trends and learn from experts, he added. The minister…
(LiveMint) Soon after India started importing crude oil from the US at $2 a barrel cheaper than Dubai crude, oil minister Dharmendra Pradhan told the 14-member cartel of producing nations, the Organization of the Petroleum Exporting Countries (Opec), that New Delhi has other buying options. Pradhan who met Opec secretary general Sanusi Mohammad Barkindo in the capital on Sunday said “responsible pricing” by the producers’ grouping was important for India’s socioeconomic and development, a statement from the oil ministry said. Opec accounts for 86% of crude oil, 75% of gas and 95% of liquefied petroleum gas (LPG) that India imports.…
Among a host of public and private sector companies in the country, six ‘National Safety Awards’ have been won by Bharat Heavy Electricals Limited (BHEL) for outstanding achievements in terms of the longest accident free period and lowest accident frequency rate at their works. The awards were received by Sh. Atul Sobti, Chairman & Managing Director, BHEL from Sh. Santosh Kumar Gangwar, Hon’ble Union Minister of State, Labour & Employment (Independent Charge), at a function in New Delhi.
(LiveMint) The Indian Railways ecosystem can create a million jobs within the next 12 months, said railway minister Piyush Goyal at the opening session of the India Economic Summit. As part of this exercise, the national carrier plans to create a sort of a franchisee model wherein local entrepreneurs, by using a smart device, can book tickets at 2,000 railway stations across its network which don’t have a booking office. “This is in the works and will happen very soon,” Goyal. The national carrier has a track length of around 115,000km, making it the world’s largest railway network under a single management.…
(ET) Buoyed by higher returns on investment in equities, retirement fund body EPFO is mulling to give its subscribers an option to set aside a higher proportion of their provident fund money for this asset class. The proposal, if it goes through, will fetch higher returns to 4.5 crore EPFO subscribers in the current declining interest rate regime where returns on provident fund accumulations are bound to see a downward trend, much in sync with other small saving schemes. Currently, 15% 15% of PF contribution is invested by EPFO in exchange-traded funds and 85% in debt instruments like government securities.…
(AU) सोशल मीडिया पर न्यायाधीशों और न्यायिक प्रक्रियाओं समेत लगभग सभी मुद्दों पर उल-जुलूल टिप्पणियों, ट्रोल और आक्रामक प्रतिक्रियाओं को सुप्रीम कोर्ट ने गंभीरता से लिया है। शीर्ष अदालत ने बृहस्पतिवार को सोशल मीडिया के मुद्दों पर चिंता जताते हुए कहा कि इस पर नकेल के लिए नियम बनाना जरूरी हो गया है। मुख्य न्यायाधीश न्यायमूर्ति दीपक मिश्रा, न्यायमूर्ति एएम खानविलकर तथा डीवाई चंद्रचूड़ की पीठ ने एक वरिष्ठ वकील और सुप्रीम कोर्ट बार एसोसिएशन के पूर्व अध्यक्ष के उस बयान को भी खारिज करते हुए खेद जताया जिसमें कहा गया है कि ज्यादातर जज सरकार समर्थक होते हैं। पीठ ने कहा,…
(NDTV) A day after Prime Minister Narendra Modi’s strong defence of his government’s handling of the economy, one of his top ministers Piyush Goyal has asserted that, “the economy is in very good shape”, saying a slowdown in growth is temporary, caused by the big and complex transition to a new national tax regime GST. Speaking exclusively to NDTV, Mr Goyal, who is the minister for railways and coal, rejected criticism of last year’s notes ban and GST saying both were essential to convert the informal economy into a formal economy. Demonetisation, Mr Goyal said, was a “significant success”, and had “sent…
(FE) With the prices of soybean and pulses ruling below minimum support prices (MSP), procurement of these commodities at MSP under the Centre’s price support scheme ( PSS) will begin from October 16 in Maharashtra by NAFED. Sadabhau Khot, Maharashtra’s minister of state for agriculture, said that the government has begun registration of farmers for the PSS, which is being done by NAFED from October 3. Around 83 centres have been established across the state and farmers are being issued tokens with likely dates on which they need to bring their produce to the mandis, he said. Khot said that…
(AU) डोकलाम के पास चीन भारी फौज जमा कर रहा है। 73 दिनों तक चले डोकलाम विवाद के बाद इतनी बड़ी फौज की मौजूदगी से ऐसे संकेत मिल रहे हैं कि दोनों देशों के बीच सीमा पर तनाव अभी खत्म नहीं हुआ है। सूत्रों के मुताबिक, डोकलाम पहाड़ी पर चीन धीरे-धीरे अपनी सैन्य टुकड़ी को बढ़ा रहा है और यह भारत के लिए चिंता का कारण हो सकता है। चुंबी वैली में चीनी सेना की मौजूदगी से तनाव के संकेत वायुसेना अध्यक्ष बीएस धनोआ ने भी दिए हैं। धनोआ ने कहा कि चुंबी में चीनी सेना अब भी मौजूद है, लेकिन हम उम्मीद करते हैं…