MINISTRY OF CORPORATE AFFAIRS
Power Ministry cancels auction of 2.5GW after tepid response from state utilities
According to sources, lack of interest from state power utilities due to a higher tariff of Rs 4.41 per unit discovered through the reverse auction process led to the cancellation of the auction. The power ministry now has advised nodal agency Power Finance Corporation-arm PFC Consultancy Ltd (PFCCL) to call the bids again.
Govt halves onion stock limit to curb hoarding
The government is closely monitoring the prices of onions which is rising everyday due to shor...
Your appliances are getting less energy-hungry by the day, thanks to tech
Improvements in tech are helping manufacturers to build energy-effi...
King, Queen of Sweden meet PM Modi, discuss ways to deepen ties
King Carl XVI Gustaf and Queen Silvia of Sweden are on a five day India visit. MEA Spokesperson tweeted PM Narendra Modi received the royal couple at Hyderabad House in New Delhi for the delegation level talks and strengthening bilateral ties. The King will also have a meeting with President Ram Nath Kovind on ways to further boost relations.
Budget-making team of Finance Ministry short of two key officials
The budget for 2020-21 to be presented on February 1 is keenly awaited for the expected second wave of structural reforms for pulling out the economy from its over six-year low growth. In addition to expenditure secretary, the position of joint secretary, one of the key officials in the entire Budget-making process, is also vacant for almost three months.
Maintaining database: National Business Register on anvil
It will have a district-wise list of all enterprises and establishments dealing in goods or services.
SBI, NPCI seek ‘Visa power’ for RuPay cards
Zero MDR would disincentivise banks to issue RuPay cards and they would prefer its rivals, SBI has said.
Corporate affairs ministry clarifies on 'appointed date' for mergers, amalgamations
Under Ind AS 103, which deals with the accounting treatment, uses the expression ''acquisition date'', as a date when the acquirer takes control of the acquiree.
Shipping ministry not opposed to SCI strategic divestment: Secretary
The Shipping Ministry in 2017 had opposed the proposal of the strategic divestment of SCI, but has now agreed to the proposal of the group of secretaries for dilution of stake in the SCI.
Govt has made several attempts to alleviate economic concerns: FM Sitharaman at ET Awards 2019
The Economic Times Awards for Corporate Excellence are India's most prestigious corporate awards where the best and brightest get felicitate...
EAM meets Sri Lankan Pres Gotabaya Rajapaksa
Sri Lankan President Gotabaya Rajapaksa arrived New Delhi on a three-day visit where he was given a ceremonial welcome in the morning at the forecourt of the Rashtrapati Bhavan. External Affairs Minister S Jaishankar met him to discuss bilateral and regional issues.
Government sets up dedicated desk to look after Ayodhya issue
In an official order, the Union Home Ministry said Ayodhya matters and related court judgements will be handled by three officers, headed by Additional Secretary Gynesh Kumar.
DoT to meet industry on January 6 on Budget-related issues; will 'support' cut in levies
A senior government official told that the Department of Telecom (DoT) will be "supportive" of the industry's demand for reduction in levies, both licence fee and Spectrum Usage Charges (SUC), and will formally communicate its Budget related suggestions to the finance ministry after holding a detailed consultation with the telecom players.
ONGC walks away with all 7 oil, gas blocks on offer in latest bid round
ONGC signed contracts for the seven blocks at an event where Oil Minister Dharmendra Pradhan and other ministry officials were also present.
Air India, BPCL, Concor divestments “unlikely” this fiscal: Govt official
The government is unlikely to complete divestment processes for Air India, BPCL and Concor, an official said.
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