An industrial accident at the Rashtriya Ispat Nigam Ltd (Vizag Steel Plant) in Visakhapatnam resulted in the deaths of at least six workers after molten iron spilt on them. Authorities are investigating the incident, and rescue operations are underway.
Earlier, proceeds from disinvestment were shown separately as part of the miscellaneous receipts in the Capital Receipts Budget.
District authorities on Wednesday reported nine more death cases in the wake of the devastation caused by cyclone Hudhud even as the worst-hit Visakhapatnam city was limping back to normalcy with adequate supplies of essential commodities.
With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation. The result -- the divestment target for current fiscal year is again likely to be missed. Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections.
It was touted as a game changer but big-ticket privatisation has been a mixed bag as the government faces unanticipated challenges of lukewarm investor response, employee union agitation and legal hurdles. Prime Minister Narendra Modi's often-repeated statement 'the government has no business to be in business' guided the drawing up of an ambitious privatisation pipeline. While Air India sale succeeded, Bharat Petroleum Corporation Ltd (BPCL) divestment failed.
An HPCL-led consortium had put the project on hold in 2009.
Trinamool Congress is the second highest recipient of political donations through electoral bonds.
The fire broke out around 12 am at Biomax Fuels Limited, a bio-diesel manufacturing unit in the Visakhapatnam Special Economic Zone, Duvvada area.
Mittal plans to set up refineries in Congo and Nigeria and is seeking a partnership with HPCL
The Oil Industry Safety Directorate, under the Petroleum Ministry, carries out safety audits of oil and gas installations, besides formulating and standardising procedures and guidelines for design, operation and maintenance.
While some states like Kerala and Telangana were badly hit by the strike, the impact was partial in Punjab, Haryana and Maharashtra
