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The writing on Yes Bank's wall that RBI is missing

Is the RBI is so distracted fighting other fires that it would rather not have to think about Yes?

Dharmendra Pradhan

Dec 11, 2019, 02.38 PM IST



Dharmendra Pradhan hopes coming Budget will signal inclusion of ATF, natural gas in GST

When the Goods and Services Tax (GST) was introduced on July 1, 2017 amalgamating 17 central and state levies, five commodities namely crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) were kept out of its purview given the revenue dependence of state governments on this sector.

India increasing steel production; net exporter this year: Dharmendra Pradhan

During the Question Hour, Dharmendra Pradhan said steel is a de...

Natural gas consumption to rise 3-folds in 10 yrs for 15% target: Pradhan

Natural gas currently makes up for 6.2 per cent of all energy consu...

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  • The Cabinet on Wednesday decided to sell the government's entire stake in the country's second-largest state refiner BPCL and India's largest shipping company Shipping Corporation of India (SCI). It also approved privatisation of Container Corporation of India while also giving nod to paring stake below 51% in select PSUs but without losing control.

    The Union Cabinet on Wednesday decided to sell its entire stake in three enterprises and bring down stake below 51 per cent in select PSUs.

    Union Minister Dharmendra Pradhan attended 'Days of Moscow' event in Delhi on November 20. While addressing the event, he said, “Russia is a...

    "The Steel Scrap Recycling Policy has been notified in the Gazette of India vide No. 354 dated November 7, 2019. The policy provides a framework to facilitate and promote establishment of metal scrapping centers in India for scientific processing and recycling of ferrous scrap generated from various sources and a variety of products," he said during Question Hour.

    Minister of Petroleum & Natural Gas Dharmendra Pradhan on Tuesday met Leonid Petukov, CEO, Far East Russia Investment and Export Agency. Pradhan stated that offtake of coal from Far East Russia can grow as the coking coal from Far East Russia becomes more attractive from the point of view of price, ease of availability, connectivity to the ports and sea transport.

    India's largest oil firm IOC, which recently commissioned a 5 million tonne liquefied natural gas (LNG) import terminal at Ennore in Tamil Nadu, as well as gas utility GAIL have "both technical and financial capability to develop their own LNG terminal," he told the Lok Sabha. The two firms have, however, hired capacity in Adani's under-construction LNG import terminal at Dhamra.

    Oil Minister Dharmendra Pradhan, who is on a two-day visit to the United Arab Emirates, showcased investment opportunities, promising political and fiscal stability, predictable policies and a huge diverse market.

    "India will see an investment of USD 100 billion by 2024 in oil refining, pipelines, city gas distribution networks, and LNG terminals. Of this, USD 60 billion will flow into the creation of gas infrastructures such as pipelines, city gas networks, and import terminals," the petroleum minister said while speaking at KPMG's Enrich 2019 conference.

    ArcelorMittal, the world's biggest producer of the alloy, is entering India at a time when the sector is going through a lean phase, facing a demand slump. Other steelmakers shared Pradhan’s sentiments about ArcelorMittal’s entry into India. ArcelorMittal’s presence will bring in new technology, and have a longer-term impact on prices and the steel product basket.

    The country produced 110.92 MT of crude steel during the same year, a rise of 7.6 per cent as against 103.13 MT in 2017-18, Minister of Steel said while replying to a question in the Lok Sabha. The minister also said the country exported 6.36 MT of finished steel during 2018-19, registering a fall of 33.9 per cent as compared with 9.62 MT in the previous year.

    Shah said the government has made a provision to ensure that budget allocations for Ladakh will not lapse in case they are not utilized fully within the fiscal.

    Home Minister Amit Shah launched the supply of 'Special Grade Diesel' in Ladakh, via video conferencing on November 17. Besides Shah, Union ...

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