(BS) The Cabinet Committee on Economic Affairs on Wednesday approved the listing of 11 public sector undertakings, including five railway subsidiaries — Ircon International, Indian Railway Catering and Tourism Corporation (IRCTC), Rail Vikas Nigam, Indian Railway Finance Corporation (IRFC) and RITES Ltd. The plan to list railway subsidiaries IRCTC and IRFC was mooted by Finance Minister Arun Jaitley in the Budget. The Department of Public Asset Management (Dipam) has already initiated the process to fix a consultant for the listing of these two companies.The non-railway companies approved for listing are Bharat Dynamics (BDL), Garden Reach Shipbuilders & Engineers (GRSE), Mazagon…
Author: Aruna Sharma
HPCL conferred with Fastest Growing Organisation – Navratna under हिंदुस्तान रत्न PSU AWARDS 2017 at a function in Delhi, today joined by Union Minister Sh. Nitin Gadkari, Manoj Sinha, Dharmendra Pradhan and Piyush Goyal . Total 17 awards have been given to PSUs. In Petroleum Sector, ONGC GAIL & HPCL got awards. Awards are organised by HT Media group.
(FE) India’s state-run oil marketing companies plan to revise retail fuel prices everyday, beginning with five cities across the country, to better shield themselves from volatility in global crude oil prices. The three state-run fuel retailers plan to roll out a pilot from May 1 in the cities of Puducherry and Vizag in southern India, Udaipur in the West, Jamshedpur in the East and Chandigarh in the North, before implementing the mechanism nationwide, Reuters reported citing unidentified sources. At present, the three state-run oil marketing firms – Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp – review retail…
(MC) Come May 1, petrol and diesel prices will change every day in sync with international rates, much like what happens in most advanced markets. State-owned fuel retailers Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), which own over 95 per cent of nearly 58,000 petrol pumps in the country, will launch a pilot for daily price revision in five select cities from May 1 and gradually extend it to all over the country. “Ultimately, we will be driving towards market linked rates on a daily basis at all pumps across the country,” IOC…
Aruna Sharma, Governance Democracy & Politics Magazine, April Issue PAN Card not linked with Aadhar card may be invalid after December You might not get SIM card Without Aadhar UGC made Aadhaar card mandatory for students to get their degrees Government seems completely committed to make our very own Aadhar to be the most potent identification instrument for Indian citizen, just like social security number (SSN) in US. Taking that journey forward government is all set to make Aadhar compulsory for array of processes and instruments, right from PAN to Education institutions and mobile SIM cards. Aadhaar may become the…
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) on cooperation in the field of justice between India and Tunisia. During the recent years, social, cultural and commercial relations between India and Tunisia have developed in a positive direction. Signing of an agreement on cooperation in the field of justice will further enhance good relations between the two countries and add new dimensions in the field of judicial reforms.
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal of the Ministry of Power for Signing of “Memorandum of Understanding for Establishment of the BIMSTEC Grid Interconnection”. It will be signed among member states of BIMSTEC at the upcoming 3rd BIMSTEC Energy Ministers’ Meeting to be held in Nepal shortly. Background The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia viz. Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. The “Plan of Action for…
New Catering Policy has already been notified on 27th February, 2017 with the objective to provide quality food to rail passengers by unbundling of catering services on trains. Indian Railway Catering and Tourism Corporation Limited (IRCTC) has been mandated to carry out the unbundling by creating a distinction primarily between food preparation and food distribution. In order to upgrade quality of food preparation, IRCTC shall be setting up new kitchens and upgrading existing ones. New Catering Policy, inter-alia, includes the following features for unbundling of catering services (i) IRCTC shall manage catering services on all mobile units. (ii) Meals for…
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for Policy to provide Purchase Preference (linked with Local Content (PP-LC) in all Public Sector Undertakings under Ministry of Petroleum & Natural Gas. The Policy will be applicable for five years. A steering committee will be constituted to oversee implementation of the Policy and carry out annual review and recommend continuation of the policy from year to year basis. Under the Policy, the targets of Local Content (LC) will be stipulated for certain oil and gas business activities. The manufacturers/ service providers who meet the…
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam Andhra Pradesh as “an Institute of National Importance” through an Act of Parliament. The Institute will have the governance structure as well as legal mandate to grant degrees in a manner similar to that enjoyed by IITs. A separate Act will also impart the required status to the Institute to become a “Centre of Excellence” in petroleum and energy studies. The Cabinet has also approved Rs 655.46 crore as capital expenditure to set…