The IOC stake sale will, however, dwarf in front of Rs 22,557 crore or Rs 225.57 billion that the government raised through a stake sale in Coal India Ltd last year.
'Mr Kejriwal is almost exactly the package that Mr Modi offers: Personal aggrandisement, the building of a personality cult through full-page newspaper ads day after day, populist schemes involving subsidies (whether affordable or required), abandonment of secular principles, exaggerated claims and no checks on leadership,' points out T N Ninan.
As in the past, it is up to the merchants to decide if they will bear the burden of the charge or bill it to the customers. Subhomoy Bhattacharjee reports.
'The question often being asked is whether the demand for petrol and diesel is price inelastic?' asks Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
The government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.
Twenty teams of the NDRF, comprising about 900 rescue persons, have been deployed in the state.
Pakistan's largest city and business hub was paralysed on Friday on a strike call given by Imran Khan's party as part of its countrywide protests against the Nawaz Sharif government for allegedly rigging last year's polls.
Fuel retailers sell diesel, domestic LPG and kerosene at government controlled rates which are below market price. The loss they thus incur is made good through cash subsidy from the government and dole from upstream firms like Oil and Natural Gas Corporation.
Curfew from the south Kashmir town was briefly lifted on Saturday morning after remaining in force for 49 days.
Changes in global oil and gas rates matter more to India's economy than other major economies because the country imports around 87 per cent of its oil, half of its gas in the form of LNG, and over 60 per cent of its LPG.
The government is selling its entire 100 per cent stake in Air India but wants effective control to stay with Indian nationals.
The proposed lockdown, sans present relaxations, will be implemented from June 19 to 30 and on two Sundays (June 21 and 28) there shall be a full scale shutdown without any relaxations.
Nearly two months after Hyderabad techie Esther Anuhya went missing and was found murdered in Mumbai, city police on Monday claimed to have cracked the case with the arrest of a proclaimed offender, who allegedly made a failed attempt to rape the victim but later burnt her body partially.
State govt said it is not averse to seeking Army's help to maintain law and order.
An ATS official said that Farooq Mohammad Bhana was one of the key accused, who hatched the conspiracy to burn the train at Godhra Railway Station on February 27, 2002.
Kumar had registered for the Shramik Special train. Everyday, he hoped his phone will ring and he will be asked to come to the station. But, only his landlord's call came everyday asking when he would pay the due rent. Dejected with the wait, Kumar decided to go to the Gurgaon Railway Station where he was refused an entry.
The bureaucracy in Haryana blamed the government for inexperience and criminal negligence.
'Student of the Year 2 has no spunk, no plot and zero charisma,' sighs Sukanya Verma.
At least 10 people, including some students of a Sunni seminary, were killed and over 80 others injured in sectarian violence that erupted in Pakistani garrison city of Rawalpindi on Friday after a clash during a Muharram procession, following which a curfew was imposed.
Businesses that are engaged in both taxable and non-GST supply have re-structured themselves into separate entities to avoid elaborate compliance, says Sudipto Dey.
Police opened fire when protesters tried to attack the private residence of Arunachal Pradesh Chief Minister Pema Khandu at ESS sector in Itanagar in the afternoon.
Customers can link their cards to banks' app and make payments after scanning a 'quick response' code.
Mumbai police has launched an initiative to raise awareness among the citizens about allowing swift plying of ambulances through traffic snarls so that they proceed to hospital without any hassles and patients promptly get medical aid.
Delhi BJP chief Tiwari said each poor family will be provided good quality, subsidised 'atta' (wheat flour) at a rate of Rs 2 per kilogram. The BJP will bring an ambitious 'Samridh Delhi Infrastructure Scheme', with a provision of Rs 10,000 crore, to ensure "focussed and priority" development of roads, flyovers, foot over-bridges and other key infrastructure projects, the manifesto stated. The manifesto promises to set up a 'Colonies Development Board' for undertaking development of various civic amenities.
The detentions come ahead of a crucial hearing on Article 35-A in Supreme Court which is likely to take place on Monday. The article, incorporated into the Indian Constitution in 1954, grants special rights and privileges to the citizens of Jammu and Kashmir.
The chief minister, speaking at her first major political rally after the Lok Sabha polls, also said the party will launch a statewide protest on July 26, demanding return of black money "siphoned off" by the BJP.
In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.
The company's investments in telecom business reached 15-20% of capital employed.
Demonitisation will facilitate transparency in the real estate industry, which has had a notorious reputation as a safe locker for black money, says Saket Mohta.
An informal group of volunteers from the same school in Ahmednagar come together to pool resources, prepare food, serve the needy.
'When he came to Bombay, he lived on the streets with his mother.' 'He had to sell whatever little they had in their bags -- their clothes, his toys.' 'When they did not have money, a bakery would sell the bread crumbs fallen on the floor for one paisa in a newspaper.' 'But before eating, they had to take out the rat and cockroach shit from the crumbs.'
Curfew remained in force in entire Srinagar district and Anantnag town on Saturday to thwart the separatists' plan to stage a two-day sit-in in the city centre even as the death toll in the ongoing unrest climbed to 56 in the Valley with the death of a youth injured in firing.
"On August 16 night, just as we reached an abandoned government hospital for rest after four days of non-stop work, the local police officer, villagers and NDRF (National Disaster Response Force) officials came to us, asking to save the life of a woman who had just given birth," he said.
No major clash was reported on Thursday from anywhere in Kashmir.
The situation in Kashmir remains fluid as protests continued in many localities over the killing of Hizbul Mujahideen commander Burhan Muzaffar Wani.
The keenly-awaited Mahindra Thar 2020 was finally unveiled on August 15, 2020. Here are the first images of one of the finest off-roaders!
India may see a structural shift in supplies of crude oil with Russia emerging as a key source of fuels, a development that reduces New Delhi's dependence on West Asian oil, gives Indian refiners better bargaining power with price-setter Saudi Arabia, and improves overall energy security. The unexpected surge in supplies of Russian crude in the last few months, unthinkable until the war in Ukraine, may also deliver other unforeseen gains such as boosting exports of refined fuels to Europe, which historically has counted on Russian shipments. India has jumped on to the bandwagon of opportunistic buying of Russian crude but if calibrated carefully, Urals crude can be a long-term asset for India refiners.
The app uses quite a few icons, so it would be a good idea to figure out what each means before hitting the road.
The government's food subsidy in the ongoing fiscal year is expected to be a little less than Rs 4 trillion.
It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.
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