The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has approved a policy for grant of extension to the Production Sharing Contracts (PSC) signed by Government of India awarding Pre-NELP Exploration Blocks to enable and facilitate investment to extract the remaining reserves. This policy will enable the contractors to extract not only the remaining reserves but also plan to extract additional reserves by implementing new technologies. In certain fields, additional recovery of hydrocarbons can be obtained through Enhanced Oil Recovery / Improved Oil Recovery (EOR/IOR) Projects and as such the production would extend beyond the…
Author: Aruna Sharma
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following proposals with regard to the Fund of Funds of Start-ups (FFS) which was established in June, last year with a corpus of Rs. 1,000 crores. i. Alternate Investment Funds (AIFs) supported by FFS shall invest at least twice the amount of contribution received from FFS in Start-ups qualifying as per the Gazette Notification G.S.R.180 (E) dt. 17/02/2016. Further, if the amount committed for a Start-up in whole has not been released before a Start-up ceases to be so, the balance funding can continue thereafter. ii.…
(BS) Oil prices fell to almost four-month lows on Wednesday after data showed US crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June.The American Petroleum Institute said late Tuesday that US inventories climbed by 4.5 million barrels to 533.6 million last week, outpacing analyst forecasts of 2.8 million. Investors now want to see whether Wednesday’s figures from the US Energy Information Administration confirm the rise. EIA will release its report at 10:30 a.m. EDT (1430 GMT).”With US crude stocks continuing to mount into record territory both in total and at Cushing following almost…
(HT) दिल्ली की सरकारी योजनाओं में से आम आदमी शब्द हटाया जाएगा। दिल्ली नगर निगम चुनाव के लिए आदर्श आचार संहिता की वजह से यह अहम फैसला लिया गया है। राज्य चुनाव आयोग ने इस मामले में दिल्ली सरकार को 48 घंटे में रिपोर्ट दाखिल करने के आदेश दिया है। दिल्ली में आप सरकार बनने के बाद कई योजनाओं के साथ आम आदमी शब्द जोड़ा गया है। इनमें आम आदमी क्लीनिक और आम आदमी बस सेवा आदि शामिल हैं। आचार संहिता लागू होने के बाद मामले में नेता प्रतिपक्ष विजेंद्र गुप्ता ने मामले में आयोग में शिकायत दर्ज करवाई थी।…
(HT) मुख्यमंत्री नीतीश कुमार ने राज्यवासियों का आह्वान किया कि संकल्प लें कि जबतक बिहार को शीर्ष पर नहीं पहुंचाएंगे, चैन से नहीं बैठेंगे। प्रेम, भाईचारा और सहिष्णुता के साथ मिल कर सभी काम करेंगे। मुख्यमंत्री बुधवार को बिहार दिवस समारोह के उद्घाटन के बाद बोल रहे थे। उन्होंने कहा कि बिहार के युवाओं में प्रतिभा है। यहां के लोग मेहनती हैं। यहां के लोग जहां भी रहते हैं, किसी पर बोझ नहीं बनते। बल्कि दूसरे का बोझ उठाते हैं। अपने दम पर आगे बढ़ते हैं। दिल्ली की हालत यह है कि वहां बिहार के रहनेवाले तय कर लें कि…
(BS) Finance minister Arun Jaitley on Wednesday defended the government’s decision to make Aadhaar mandatory for filing income tax returns and applying for permanent account numbers (PAN), saying it would plug the loopholes of duplicate PANs used by some assessees to hide their identities. In reply to the Finance Bill, 2017 in the Lok Sabha, Jaitley however remained silent on the Congress demand to extend BJP’s promise to waive off farm debts in Uttar Pradesh to the entire country as the banks are flush with funds after demonetisation. He, however ruled out imposing any tax on agriculture income, saying it…
उप मुख्यमंत्री श्री केशव प्रसाद मौर्य को लोक निर्माण, खाद्य प्रसंस्करण, मनोरंजन कर, सार्वजनिक उद्यम विभाग का कार्यभार आवंटित किया गया है। इसके साथ ही उप मुख्यमंत्री डाॅ0 दिनेश शर्मा को माध्यमिक एवं उच्च शिक्षा, विज्ञान एवं प्रौद्योगिकी, इलेक्ट्रानिक्स, सूचना प्रौद्योगिकी विभाग का कार्यभार आवंटित किया गया है। मुख्यमंत्री ने गृह, आवास एवं शहरी नियोजन, राजस्व, खाद्य एवं रसद, नागरिक आपूर्ति, खाद्य सुरक्षा एवं औषधि प्रशासन, अर्थ एवं संख्या, भूतत्व एवं खनिकर्म, बाढ़ नियंत्रण, कर निबंधन, कारागार, सामान्य प्रशासन, सचिवालय प्रशासन, गोपन, सर्तकता, नियुक्ति, कार्मिक, सूचना, निर्वाचन, संस्थागत वित्त, नियोजन, राज्य सम्पत्ति, नगर भूमि, उत्तर प्रदेश पुनर्गठन समन्वय, प्रशासनिक सुधार,…
(IIFL) The Navratna public-sector undertaking of the government of India under the Ministry of Petroleum and Natural Gas, Engineers India Limited has received approval from its board of directors for buyback of 4.97 crore equity shares.The Navratna public-sector undertaking of the government of India under the Ministry of Petroleum and Natural Gas, Engineers India Limited has received approval from its board of directors for buyback of 4.97 crore equity shares. The shares represent 6.23% of the total equity share of the company. The buyback price has been fixed at Rs 157 per equity share for a total aggregate of Rs…
(PTI) Adani Enterprises today said it has acquired Adani Infrastructure Pvt Ltd (AIPL), which is yet to commence business operations. AIPL with an authorised and paid up capital of Rs 5 lakh is a subsidiary of Adani Properties Pvt Ltd for development of infrastructure, a promoter group company. “The company has acquired 100 per cent equity share capital of AIPL…The transaction is done at arm’s length basis…equity shares are acquired at a face value of Rs 10 each,” the company said in a BSE filing.A total of 50,000 shares were acquired, it said.AIPL was incorporated at Ahmedabad in Gujarat on November…
(Tribune) The Chief Electoral Officer today issued directed all candidates, who participated in the February 15 elections, to submit the details of the election expenditure both offline and online, at the office of the returning officer in the district.Chief Electoral Officer and Principal Secretary Elections, Radha Raturi, said the candidates had to compulsorily submit their expenditure details within 30 days from the day the election results were declared.In a statement, Raturi said for the convenience of the candidates, the officers nominated as Election Commission Return Prepares (ECRP), would hold camps between March 23 and 25 to assist to the candidates…