(FE) Indian government favours creation of integrated companies in the public sector but would ensure that it does not result in monopoly, the visiting Union Minister Dharmendra Pradhan said. “The kind of robust market that is emerging in India… We have segmented companies. Now we want to create integrated companies. Certainly, I can assure one thing that there will be multi entity. We will have mixed basket,” Pradhan told reporters on Monday at a news conference here on the sidelines of the CERAWeek conference. The week-long conference is being attended by top world leaders from the oil and natural gas…
Author: Aruna Sharma
(FE) Oil & Natural Gas Corp is in for a shakedown with the petroleum ministry ordering a detailed review of its board of directors for a possible revamp of the functional heads, following prolonged delays in projects linked to output enhancement.While examining the status of oil and gas production last January, Petroleum Secretary KD Tripathi noted lapses in the development of discovered oilfield Ratna and R-Series, restarting of oil production from Amguri field as well as in conducting two-dimensional seismic surveys to identify new oil and gas reserves. “In this context, Secretary advised Joint Secretary (Exploration) to examine on file…
(FE) The Modi government will unleash the next set of reforms necessary for improving the ease of doing business by pressing for the passage of the twin codes on wages and industrial relations that form the crux of its agenda for reducing labour market rigidities. Official sources told FE that both the codes, which have already undergone legal vetting, would be taken to the Cabniet soon for approval and once it is secured, placed in Parliament, most likely in the second half of the budget session. Among the major proposals are introducing fixed-term employment – which was made applicable in…
(AU) यूपी की अखिलेश सरकार में परिवहन मंत्री गायत्री प्रजापति सूबे की पुलिस के सामने आज सरेंडर कर सकते हैं। मीडिया रिपोर्ट्स के अनुसार गायत्री के सामने आकर सरेंडर करने की खबरें मिल रही हैं। सामूहिक बलात्कार के केस में आरोपी प्रजापति फिलहाल फरार हैं। अमेठी से समाजवादी पार्टी के उम्मीदवार गायत्री प्रजापति के खिलाफ पहले से ही लुकआउट नोटिस जारी किया जा चुका है और उनका पासपोर्ट भी निरस्त्र कर दिया गया है।वहीं एडीजी दलजीत चौधरी ने न्यूज एजेंसी एएनआई को बताया कि गायत्री प्रजापति केस में यूपी एसटीएफ ने नोएडा से दो और लोगों को अरेस्ट किया है।
(LiveMint) After completing a hectic campaign in Uttar Pradesh, Prime Minister Narendra Modi will arrive in Gujarat for a two-day visit on Tuesday, his seventh visit in as many months.Campaigning for the UP elections ended Monday. Gujarat goes to polls later this year. In September, Modi had said he would visit his home state more often. In the last six visits, he covered various regions of the state from the Saurashtra to the tribal belt, inaugurating schemes and projects especially for irrigation and farming. On Tuesday, Modi will visit the historical Somnath temple near Veraval in Gujarat. He will offer…
(FE) The record two-year investment drop in oil industry due to weak prices may lead to a potential shortage of global oil supplies in three years, the International Energy Agency warned today. According to the latest five-year oil market forecast by IEA, global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, said Fatih Birol, Executive Director of IEA at CERAWeek conference. The global picture appears comfortable for the next three years but supply growth slows considerably after that, according to ‘Oil 2017’, the IEA’s market…
Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Memorandum of Understanding (MoU) between India and the United Nations Entity of Gender Equality and the Empowerment of Women (UN-Women). The proposal seeks to provide technical support to the Ministry of Panchayati Raj in strengthening capacities of governance institutions including Panchayati Raj Institutions(PRIs) to better leverage opportunities created for gender equality through legislation, policies and programmes. Ministry of Panchayati Raj (MoPR) and UN-Women have worked in collaboration with each other to promote participation of women in Panchayati Raj Institutions (PRIs), to focus on building capacities…
(PTI) The people in the national capital will now be imparted training to enhance their employment opportunity under the smart city projects.New Delhi Municipal Council Smart City Ltd (NDMCSCL), a special purpose vehicle formed for executing the smart city plan of the NDMC, today signed an agreement with the National Skill Development Corporation (NSDC) in this regard. As per the MoU, NSDC will assist in setting up ‘Pradhan Mantri Kaushal Kendras’ for imparting skill training and skill upgradation in different crafts as per stipulated quality certification norms.Initially, four centres will be to be set up at Mandir Marg, Purana Qila…
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for settlement of Legacy Food Cash Credit Accounts (upto crop season 2014-15) of Punjab Government for food procurement operations. This proposal of Department of Expenditure was approved by Prime Minister under Rule 12 of (Transaction of Business) Rules, 1961 on 02.01.2017. Early settlement of legacy issues will help the banks in disbursement of food credit in the larger interest of numerous farmers of the State and uninterrupted continuity in food procurement operations to ensure food security for the nation. Settlement of outstanding Cash…
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for India’s accession to the Customs Convention on International Transport of Goods under cover of TIR Carnets (TIR Convention) and for completion of necessary procedures for ratification, for its entry into force. The Convention will help Indian traders to have access to fast, easy, reliable and hassle free international system for movement of goods by road or multi- modal means across the territories of other contracting parties. By joining the convention, the need for inspection of goods at intermediate borders as well as physical escorts…