(ET) Net export of petroleum products has fallen 42% in three years as domestic demand sharply rose for polluting fuel oil and and pet-coke as well as liquefied petroleum gas (LPG), the cleaner cooking gas mostly used by households. India imports more than 80% of crude oil and, using its large network of refineries, produces petroleum products more than it can consume. It also imports multiple petro products but stays a net exporter. It has also been adding refining capacity regularly, but accelerating demand for oil products in a fast expanding economy has steadily shrunk the import-export gap for the…
Author: Aruna Sharma
(HT) राष्ट्रपति चुनाव को लेकर विपक्ष की आज होने वाली अहम बैठक के पहले ही विपक्षी खेमे में दरार दिखने लगी। बिहार के मुख्यमंत्री नीतीश कुमार की पार्टी ने NDA उम्मीदवार रामनाथ कोविंद को समर्थन देने की घोषणा करने के बाद कहा कि वह आज बैठक में शामिल नहीं होगी। विपक्षी खेमे ने अभी तक किसी नाम की घोषणा नहीं की है लेकिन पूर्व लोकसभा अध्यक्ष मीरा कुमार की कांग्रेस अध्यक्ष सोनिया गांधी से उनके निवास पर मुलाकात से इन अटकलों को बल मिला है कि वह दौड़ में आगे चल रही हैं। सूत्रों ने बताया कि जदयू की घोषणा…
Ministry of Housing and Urban Poverty Alleviation has approved construction of 70,784 affordable houses for the benefit of urban poor in Uttar Pradesh under the Pradhan Mantri Awas Yojana (Urban) with an investment of Rs.3,528 cr for which central assistance of Rs.1,062 cr has been approved. Further to the discussion Minister of HUPA Shri M.Venkaiah Naidu held with the Chief Minister of Uttar Pradesh Shri Yogi Adityanath soon after assumption of office, the State Government sent affordable housing proposals for 145 cities and the same have been approved. Earlier, Uttar Pradesh has been sanctioned 41,954 houses including those approved under…
(PTI) Union Petroleum Minister Dharmendra Pradhan today said implementation of GST will substantially benefit Odisha with the taxing point shifting from production base to consumption. “Odisha will be hugely benefited as the taxing point will shift from production base to tax on consumption. As Odisha is a consuming state, tax revenue will be buoyant,” Pradhan said at a GST outreach programme for oil industry stakeholders here. The outreach programme was an initiative of the Union Ministry of Finance and Ministry of Petroleum and Natural Gas, Department of Finance and Commercial Taxes of Odisha and Oil Industry Odisha. A measure which will…
(ET) The government has permitted banks and post offices to deposit junked Rs 500 and Rs 1,000 notes with the Reserve Bank by July 20. This is the second window the government has provided to banks, post offices and cooperative banks for depositing the junked notes with RBI. The earlier window was open till December 31, a day after the 50-day period of demonetisation of high value currency. “Such specified bank notes may be deposited by such bank, post office or district central cooperative bank, as the case may be, in any office of the Reserve Bank, within a period…
(TOI) The Odisha industrial infrastructure development corporation (Idco) has issued a notice to Indian Oil Corporation Limited (IOCL) for alleged violation of the terms and conditions of the lease deed and allotment of land for its refinery near Paradip. Idco, state’s nodal agency for land acquisition, has accused the IOCL of creating hindrance of public thoroughfare over its external approach road connecting from NH-5 (A) to IOCL plant site at Chaukimatha in Jagatsinghpur district. In a letter (a copy of which is with the TOI) to the deputy general manager (human resources) of ICOL, Idco chief general manager (land), Sushanta…
(LiveMint) India is ready to sign long-term gas purchase deals with Qatar provided that Doha agrees to acquire stakes in power plants which have been hit by gas shortages, oil minister Dharmendra Pradhan said on Tuesday. Pradhan told Reuters India was open to granting stakes to Qatar in local oil and gas companies and liquefied natural gas (LNG) terminals, should the Gulf emirate make such a proposal. Qatar’s RasGas is the biggest LNG supplier to India, where a lack of gas supplies has forced many plants to cease operations or function below capacity.
(AU) प्रधानमंत्री नरेंद्र मोदी आज ‘अंतरराष्ट्रीय योग दिवस’ पर लखनऊ के रमाबाई अंबेडकर मैदान में उत्तर प्रदेश के मुख्यमंत्री योगी आदित्यनाथ के साथ योग किया। मोदी-योगी ने करीब 55 हजार लोगों के साथ मिलकर योग किया। इसमें 7,750 स्कूली बच्चों के अलावा 27 संस्थान भी शामिल थे। इस आयोजन की तैयारियां पिछले एक महीने से चल रही थीं। आयुष मंत्रालय के मुताबिक इस मौके पर देश भर में करीब 5,000 कार्यक्रमों का आयोजन किया गया, वहीं 150 देशों में भी कार्यक्रमों का आयोजन किया गया है। इस खास आयोजन में कोई कमी न रह जाए इसलिए योगी आदित्यनाथ और उत्तर प्रदेश के राज्यपाल राम नाईक…
(India) A petrol pump racket using chips to tamper with the petrol pump metres across the state of Maharashtra was busted on Saturday, the police said. The police, with the permission from the Maharashtra Director General of Police, raided petrol pumps in Nashik, Pune and Khopoli and found that nearly 2000 fuel dispensing machine metres were rigged. Following the revelation, the police sealed seven petrol pumps across the state after learning that they have been operating with rigged metres which show a false reading to customers while pumping less fuel than what has been paid for by the customers. “We have frozen one pump each…
When GDP Magazine compared CSR spending data of FY16 with FY15, an interesting picture has emerged. Out of top 1000 spender companies of FY16, just 416 companies were present in the FY15 list, clearly showing reluctance of company management to share database of CSR spending and filing company’s return till the deadline of 31 December 2016, which is just 42% for top 1000 companies. Also among these 416 companies, CSR spending increased during FY16 viz a viz FY15 as these 416 companies spent Rs. 8369 crore during FY16, while they spent Rs. 6078 crore during FY15, an increase of Rs.…