Giving a big boost to the government’s disinvestment programme, oil giant ONGC has finally entered into an agreement to buy a majority stake in HPCL, adding Rs 36,915 crore to Arun Jaitley’s kitty for this financial year itself. ONGC has entered into a share purchase agreement for acquiring the government’s entire 51.11% stake of HPCL on 20th January 2018 at a cash purchase consideration of RS 473.97 per share with a total acquisition cost of Rs 36,915 crore, the state-run exploration and production company said in a statement. The parties expect to complete the transaction before Continue reading
Posted in Business, NATIONAL NEWS
Tagged acquisitions, biggest oil and gas company of india, disinvestment, govt., govt. of india, HPCL, latest news on ongc, market stake, oil and gas companies, ONGC, shares
On January 10, India’s richest person Mukesh Ambani was ranked 20th in the list of wealthiest people in the Bloomberg’s Billionaires Index. Ambani with his $41.2 billion wealth ranking at No. 20 is of course, no mean feat. But picture this– there was an Indian emperor, long before our time, who actually features among 10 richest persons of all time.Money magazine in 2015 compiled a list of richest people of all time by taking an individual’s wealth and comparing it to the country’s GDP, apart from adjusting for inflation and speaking to hundreds of economists and historians. The study revealed that Emperor Akbar, the third of the Mughal rulers, had 25 per cent of the global GDP in his possession.
In the run up to the budget as the government is focusing on Continue reading
Posted in General Knowledge/Awareness, LEARN WITH US
Tagged akbar, awareness, best economist from history, bill gates, emperor, general knowledge, govt., history of india, mansa musa, microsoft founder, mughals, net worth, reliance, richest man in india, richest man in the history, richest man of the world, richest mughal
Granting of classical language status to Marathi is under “active consideration” of the ministry of culture, the government said on Monday. According to information uploaded on the Lok Sabha website, culture minister Mahesh Sharma said: “The Committee of Linguistic Experts recommended the grant of classical status to Marathi language and Continue reading
Vijay Keshav Gokhale, a 1981-batch officer of the Indian Foreign Service, will succeed S Jaishankar as India’s next foreign secretary, a government statement said on Monday. Gokhale is currently serving as secretary, economic relations, in the external affairs ministry.
He will take over once Jaishankar’s extended term ends on January 28. Gokhale will be the third foreign secretary to serve the Modi-led government.
Jaishankar, a 1977-batch IFS officer, was appointed as foreign secretary on Continue reading
NEW DELHI: The central government told the Supreme Court on Monday that it was willing to extend up to March 31 next year the deadline to link Aadhaar with various schemes and services, including bank accounts and phone numbers.
The current deadlines for linking of bank accounts and mobile phone numbers with Aadhaar, are December 31 this year and February 6, 2018 respectively.
Posted in Banking, NATIONAL NEWS, New Schemes, Technology
Tagged aadhar, atorney general of india, biometric, central government, entended date, govt., id proof, last date, link of aadhar with services, mandatory, supreme court of india
The Union government has asked the Uttar Pradesh government to implead itself in the ongoing case in the Supreme Court regarding real estate developer Jaypee Infratech’s bankruptcy on the grounds that the real estate developer flouted the new Real Estate (Regulation and Development) Act — a move that could make life tougher for the already embattled firm.
Separately, on Wednesday, the Supreme Court barred 13 promoters and directors of Jaypee Infratech’s parent Jaiprakash Associates from selling their properties although it allowed them to deposit the ₹2,000 crore they had been asked to, in instalments. Continue reading
Posted in Crime and Corruption, Infrastructure/Property, NATIONAL NEWS
Tagged bankrupt, govt., infrastructure, jaypee infotech, property fraud, real estate developer, RERA, supreme court, violation
Winter session of Parliament is likely to start from December 15, a day after the second and final phase of polling in Gujarat, and end on January 5, said sources. The Cabinet Committee on Parliamentary Affairs, headed by home minister Rajnath Singh, met in New Delhi on Wednesday to finalise the schedule. Continue reading
NEWDELHI: Commuters who face harassment, stalking or theft in Delhi Metro will not have to go to police stations to lodge a complaint. The Delhi Police has issued an order, asking its staff to be present at their booths at 23 Metro stations and help passengers in filing complaints.
According to the order, police personnel will be present at the booths between 9am and 5pm. Once more staff is available, the facility will be extended roundthe-clock and across all Metro stations. The booths will also be provided computers so that e-FIRs can be filed.
Posted in Crime and Corruption, NATIONAL NEWS, New Schemes
Tagged booth, commuters, complaint, crime, delhi metro, delhi police, DMRC, dwarka sector 21, FIR, govt., harassment, kashmiri gate, metro station, near, passenger, pick pocket, police complaint, police station, rajiv chowk, stallking, theft
The Goa tourism department is planning to make a law to ban swimming in the sea post sunset and after consumption of alcohol, in the wake of some recent incidents of drowning along the state’s beaches. Continue reading