Given the sheer size of the state, achieving a similar turnaround in Punjab as promised could be a different ball game altogether, reports Sai Manish.
The oil spill from cargo vessel MV Rak off the Mumbai coast has decreased in quantum as compared to Sunday even as the authorities continued their efforts to neutralise resultant environmental pollution.
Walmart-owned Flipkart on Wednesday said it has set up a new fulfilment centre (warehouse) in West Bengal, its second-largest in the state, that will help in creating nearly 3,500 direct jobs. Spread across an area of over 2.2 lakh sq ft, the new facility in Dankuni will cater to the needs of Flipkart and Myntra customers in the region and bolster the e-commerce major's efforts to ramps up supply chain infrastructure in the eastern part of the country. The facility will also help thousands of sellers offer a wider selection and enable faster deliveries of customer orders within the region and neighbouring states while also helping create national market access, according to a statement.
Several cargo containers abroad one of the ships were flung into the sea following the accident, which also triggered an oil slick along the Mumbai coast.
The ship, carrying hazardous cargo, caught fire near the Prongs Reef Lighthouse in South Mumbai on Sunday.
Last year, major tea companies performed well on the back of higher prices. However, a drop in prices over the past month and a half, is threatening to put a spanner in a repeat performance. Tea prices started on a strong note this year with prices ruling higher than last year on the back of crop loss due to adverse weather conditions. After mid-June, however, prices started dropping, though they are still higher than 2019-levels for north Indian teas (which account for more than 80 per cent of total production).
'The world over, everybody is asking for the same medicines, same APIs, same KSMs.' 'However, there is just one supplier -- China -- for the entire world.'
Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23 Union Budget on February 1. While there has been strong recovery in some sectors, touch services like hospitality, tourism and leisure continue to suffer after two Covid-19 waves. Household savings have been hit due to increased spending on health care. Consumption has still not reached pre-pandemic levels.
The second phase of the mega exercise is scheduled to be held from November 17 to 20 in the Arabian sea.
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
The NCB spoke about Aryan Khan, Bollywood actor Shah Rukh Khan's son, and others of being accused of a conspiracy, but it never pressed that charge officially following their arrest in a drugs case, their lawyer told the Bombay High Court during bail hearing on Wednesday.
In a major embarrassment for Mexican President Enrique Pena Nieto, the country's most notorious drug lord, Joaquin 'El Chapo' Guzman, broke out of a high-security prison on Saturday night for the second time, escaping in a tunnel built right under his cell.
As many as 20 central public sector enterprises and their units are at various stages of strategic disinvestment, while six are being considered for closure or are under litigation, Minister of State for Finance Anurag Singh Thakur said on Monday.
The success story of Adani's Mundra Port in Gujarat, in terms of efficiency, technology and management, should be replicated at Vizhinjam to ensure that this ambitious project does not fail, say Shehzad Poonawalla and Riya Sinha.
A foreign cargo ship, which collided with another vessel about 10 km off Mumbai harbour, tilted further spilling oil for the third day as Navy and Coast Guard made hectic efforts to contain the leak.
Minister of State for Shipping Pon Radhakrishnan said the vessel had more than 32,000 tonne of oil and has been emptied.
Economic performance is affected if large numbers of people are out of work, or at such low levels of income as to force under-consumption, observes T N Ninan.
An official said the government is preparing the financial statements and getting the data room ready for the sales, suggesting that such aspects take time.
Chairing the 19th meeting of the Group of Ministers (GoM) on COVID-19 through video-conference on Friday, Vardhan said India has achieved the milestone of more than 10 lakh recoveries, a recovery rate to 64.54 per cent.
A foreign cargo ship, which collided with another vessel about 10 km off Mumbai harbour, tilted further spilling oil for the third day as Navy and Coast Guard made hectic efforts to contain the leak.
Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring the bare minimum in four strategic sectors. "It is government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," he said. Modi also said the Centre's policy is to either monetise or modernise public sector enterprises, with the intent that the government has "no business to be in business".
AP Moller-Maersk, one of the affected entities globally, operates the Gateway Terminals India at JNPT.
A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic.
The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including 2 PSU banks and one general insurance company, in the next fiscal year beginning April 1. The amount is lower than the record Rs 2.10 lakh crore which was budgeted to be raised from CPSE disinvestment in the current fiscal year. However, the COVID-19 pandemic impacted the government's CPSE stake sale programme, and the target has been lowered to Rs 32,000 crore in the Revised Estimates.
"MSC Chitra has tilted 80 degrees and the total oil spill is nearly 50 tons, Arun Singh, Commandant (Operations), Coast Guard told PTI.
The suspension will come into effect from 1200 GMT on March 13 at the port of departure. The decision was taken at the meeting of group of ministers held under the chairmanship of Health Minister Harsh Vardhan.
Dispatch of the vaccine is likely to start by early Tuesday morning, sources said. According to the order placed, each dose of the vaccine has been priced at Rs 200 and with GST of Rs 10, it would cost Rs 210.
China during the weekend ordered the US to close its consulate in Chengdu within 72 hours in retaliation to the US demand for China to shut down its consulate in Houston.
Gujarat reported 2,165 cases, Maharashtra 1,188, Uttar Pradesh 663, Madhya Pradesh 590, Haryana 339 and Andhra Pradesh 248 cases.
Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.
Though the NDA government had been trying to privatise 20 companies, a decision for which was taken in 2017, and included national carrier Air India, the investor community evinced little enthusiasm for any of them. Now, with an in-principle approval for privatisation of BPCL, CCI and SCI, the government has taken the plunge again.
India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.
The Tokyo 2020 Olympics torch was lit by the rays of the sun in ancient Olympia on Thursday to mark the final step towards the July 24-Aug 9 Games, currently in question because of the coronavirus pandemic. Actress Xanthi Georgiou, in the role of high priestess, used a parabolic mirror in a scaled-down ceremony closed to spectators at the site of the ancient Greek Olympics to ignite the torch and mark the start of a torch relay. The torch will be handed over to Tokyo Games organisers in Athens on March 19.
One of the biggest lessons for cities fighting the Covid-19 pandemic has been the criticality of access to data. Mumbai, which has shown significant success in managing the second wave of the pandemic, is a case in point, reports Shivani Shinde.
The court also wanted to know from the government as to what safety measures it proposed to take for protecting the workers who have to discharge the function of ship breaking.
The divestment process, however, will not be an easy affair as there are multiple stakeholders, including the employee unions, whose concerns will have to be addressed.
Thirteen Greenpeace activists were arrested while protesting outside the French Embassy in New Delhi Tuesday against France's decision to send a decommissioned battleship allegedly containing toxic wastes to India to be broken up for scrap. \n\n
At present, traders send their cargoes in a container through a feeder vessel to Colombo, where its gets unloaded and again loaded in the mother vessel.
