Page 2 - Subhash Narayan News Today

Auto companies may soon be asked to manufacture passenger and commercial vehicles that run on multiple fuel configuration aimed at reducing the use of polluting fossil fuels and cutting down harmful emissions. New guidelines for use of flexible fuel vehicles (FFVs) using flex engines is expected to be issued by the third quarter of current year (FY22) that would specify engine configuration and other changes required in vehicles to conform to stipulated changes in fuel mix. The government is...

The government may gradually end the cross-holding structure existing in the oil sector as it looks to further consolidate operations of public sector enterprises and go ahead with its privatisation plan by getting a fair valuation of ...

As the Central government draws a plan to privatise at least two public sector banks (PSB) this fiscal, it has also decided to front load capitalisation of state-owned banks so that the balance sheets of some of these entities are strengthened ...

The Department of Promotion of Investment and Internal Trade (DPIIT) may soon issue a clarification that the BPCL under new private sector owners would be free to bring in foreign direct investments (FDIs) to the tune of the entire 100 per cent equity of the company without conditions.

Options being explored to further sweeten BPCL privatisation deal ​ Sun, Jun 6 2021 8:33 IST | ​ 0 Views   Patna: Bihar Health Minister Tej Pratap Yadavs petrol pump that was sealed by the Bharat Petroleum Corp Ltd (BPCL) in Patna on July 21, 2017. The move comes a day after the BPCL terminated the licence of the petrol pump on allegations that the minis. Image Source: IANS News New Delhi, June 6 : The Central government proposes to further sugarcoat the BPCL strategic sale deal for the...

India may continue to pursue investment opportunity in the Farzad-B gas field in Iran, even though ONGC Videsh Ltd (OVL) lost the development rights of the block that it discovered over a decade ago to local firm Petropars Group, highly placed ...

Govt ready for another cut in import duty on steel to tame prices ​ By Subhash Narayan ( IANS) | Published on ​ Tue, May 11 2021 14:42 IST | ​ 5 Views Steel Industry.. Image Source: IANS News New Delhi, May 11 : The government has proposed to slash import duties on steel items further bringing it to zero or near zero levels to provide relief to MSMEs, which have been hit hard by the high cost of raw materials amidst the raging pandemic. Top government sources said that a decision had ...

Brace for hike in petrol, diesel prices post elections ​ Wed, Apr 21 2021 17:12 IST | ​ 3 Views Petrol. . Image Source: IANS News New Delhi, Apr. April 21 : Petrol and diesel prices may increase soon at the end of the ongoing Assembly elections with oil companies looking to raise the retail price of the two auto fuels between Rs 2 and Rs 3 per litre in phases and make up for the losses they incurred by keeping the prices at artificially low levels in the run up to the local elections. Go...

Petrol and diesel prices may increase soon at the end of the ongoing Assembly elections with oil companies looking to raise the retail price of the two auto fuels between Rs 2 and Rs 3 per litre in phases and make up for the losses they incurred by keeping the prices at artificially low levels in the run up to the local elections. Government sources said that oil companies are making losses to the tune of Rs 3 and Rs 2 per litre on sale of petrol and diesel, respectively, due to rise in globa...

Govt may ask states to set up AMC/ARC for PSE asset monetisation ​ Fri, Apr 16 2021 12:06 IST | ​ 3 Views   Govt may ask states to set up AMC/ARC for PSE asset monetisation. Image Source: IANS News New Delhi, April 16 : The Centre proposes to prod states to initiate asset monetisation of state public sector enterprises (PSEs) by setting up specialised asset management (AMC) and asset reconstruction companies (ARC). The idea is to expand the scope of governments asset monetisation exerci...