Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.
The Prime Minister will formally launch the Rashtriya Kaushal Vikas Yojana and the National Skills Mission on July 15
Following is the Facebook post of Finance Minister Arun Jaitley on one-year of the BJP-led NDA government.
The Planning Commission on Saturday approved the draft integrated energy policy, which seeks to implement market-based pricing and bring about better coordination among ministries.
The first of the promotional roadshows for 70 blocks offered under the eighth edition of New Exploration Licensing Policy and 10 coal-bed methane areas will be held in Mumbai on August 8, a petroleum ministry official said. On April 9, India launched the eighth round of auction to give away blocks for exploration under NELP with August 10 being the last date for bidding. But it was deferred over ambiguity on tax holiday for natural gas.
Andhra Pradesh government has conveyed the deep concern and apprehensions of the people of the state over the incidents of murders of the people belonging to the state in the United States of America. Mohammed Ali Shabbir, minister for energy, coal, minorities' welfare and non-resident Indians affairs convened a high level meeting on the instructions of the Chief Minster Y S Rajasekhara Reddy on Friday.
During April-May, growth in the eight core industries slowed to 3.3 per cent as against 4.9 per cent in the year-ago period.
In a tough action, the Government on Thursday barred Greenpeace India from receiving foreign funds with immediate effect by suspending its licence for six months and froze all its accounts, alleging it has "prejudicially" affected the country's public and economic interests.
Besides facilitating travel by easing the traffic bottlenecks, the approved lines would help the upcoming industries in the region.
Will get Rs 830 cr, Rs 329 cr respectively to offset higher coal costs
Piyush Goyal, who held the post of finance minister when Arun Jaitley was undergoing treatment, told the Confederation of Indian Industry's annual session: "All stakeholders, including the RBI, should introspect on their respective roles (on low economic growth)."
'It's not as if power demand is falling. It's that generation has outpaced demand.'
Power Minister Piyush Goyal is keen to revive the energy sector.
Power Minister Piyush Goyal is keen to revive the energy sector.
The instructions followed monthly review of the progress of eight major infrastructure sectors -- Civil Aviation, Ports and Inland Waterways, Railways, Roads, Telecom, Power, Coal, and New and Renewable Energy.
Some 74 projects from Odisha and another 51 projects from Chhattisgarh have lined up before the Project Monitoring Group.
In the four-paragraph letter, Jaitley said he had orally informed Modi about his desire not to be a part of the new BJP government to enable him to concentrate on treatment and health.
The Finance Ministry expects the economic growth in the current fiscal to improve to 5.5 per cent from 5 per cent last year on back of likely pick up in agricultural output on account of good monsoon rains.
'Reports in a section of media regarding Union Minister Shri Arun Jaitley's health condition are false and baseless. Media is advised to stay clear of rumour mongering,' Government Spokesman Sitanshu Kar tweeted.
The CIL disinvestment has been hanging fire because of opposition from the trade unions. Mayaram's statement that the coal major will have to pay a higher dividend comes as the government makes efforts to meet its Rs 40,000 crore (Rs 400 billion) disinvestment target.
Despite Prime Minister Narendra Modi's tall claims that no one has served nature more than India, some of the steps taken by his BJP government proves that the ground reality is exactly opposite, says Devanik Saha.
'Which one of us would give up our flats for development?' 'We insist that others, who are unwilling but weak, make all the sacrifices on our behalf and then we are puzzled when there is violence against the State,' says Aakar Patel.
The growth rate in September was highest since May when it was 4.4%.
India's efforts to join the grouping suffered a setback in June when the NSG plenary decided against accepting its membership application after China and some other nations opposed entry of a non- Non-Proliferation Treaty signatory.
The Re 1 cut in diesel prices could lead Railway Minister Lalu Prasad Yadav to announce a reduction in passenger fares in the forthcoming Railway Budget.
It's time to step on the reforms accelerator.
'The transmission sector is going to be the next sunrise industry.'
Only 32 departments had prepared and submitted these plans.
Solar power is expensive. The cost of generating one unit of solar power is Rs 15 while it costs just Rs 1.19 per unit from coal (at Sasan ultra mega power plant). The Centre, in partnership with state governments, will give incentives worth up to Rs 12 per unit for generating power from solar energy.
The government, which on Thursday decided to sell ten per cent stake in NALCO, now contemplates offloading ten per cent stake in the Coal India Limited through initial public offerring.
Initially it will procure only e-rickshaws and e-autos for leasing to operators
BJP's success in two state elections gave Modi room to cut through a thicket of regulations and state controls.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
In a move aimed at insulating the Central Bureau of Investigation from political interference, the Union Cabinet on Thursday approved recommendations of a Group of Ministers which include setting up of a panel of retired judges to oversee the investigations of the agency, besides increased financial powers of its director.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
Anil Ambani Group never sought clarification before bids closed, says DGH.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
Here comes the moment of truth. Modi prides himself on offering an "incorruptible" government. Will he dilute the Prevention of Corruption (Amendment) Bill to coax the administration's fealty and compromise his self-image?
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