NDA ally Shiv Sena on Friday came down heavily on the Centre over its decision to privatise national carrier Air India, saying had such a decision been taken by the previous Congress-led UPA government, the BJP would not have spared it. It also asked the finance minister to spell out the reasons which made the […]
Month: June 2017
LNG price battle between India-US may impact Trump’s export aims
India’s biggest importer of US liquefied natural gas (LNG) is trying to re-negotiate prices with the US seller, sources said, undermining plans by US President Donald Trump to export more gas to the fast-growing Asian nation. At a joint news conference with Prime Minister Narendra Modi at the White House this week, Trump said the […]
Daily fuel revision: Dealers claim Rs 400 cr loss, demand new margin model
Oil marketing companies (OMCs) like Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL), and Bharat Petroleum Corporation (BPCL) are considering a revision in the formula for deciding dealer margins, to insulate them from the fluctuations due to daily pricing. This comes at a time when the battle between OMCs and fuel retail dealers are intensifying, […]
Will not chase Air India if not profitable: IndiGo president tells staff
Having joined the race to buy out Air India, IndiGo President Aditya Ghosh has told employees that it will not embark on the journey if it is not profitable and jeopardises interests of the airline. Making its intention clear to become a world-class international carrier, IndiGo became the first airline to formally express interest in […]
Yogi govt rolls out new electricity scheme in UP, says no to discrimination
Uttar Pradesh Chief Minister Yogi Adityanath on Friday asserted that his government was committed towards the welfare of all sections of the society with its new electricity scheme that would provide free electric supply to below poverty line (BPL) households. The scheme is intended to improve power access in the region without following any discriminatory […]
Coal India betting big on renewables, says minister
Coal India Ltd, the world’s largest miner of the dirty fuel, will generate 1 gigawatt (GW) of renewable electricity this year as part of its plan to produce as much as 10 GW clean power in total, a federal minister said on Thursday. State companies such as Coal India and NTPC Ltd, the country’s biggest […]
Govt appoints Kathpalia Air India operations director
The government has appointed Arvind Kathpalia director of operations at Air India as the government moves ahead with divestment of the national carrier. Pilots at the airline had opposed the appointment of Kathpalia when his name was cleared for the post by the Appointments Committee of the Cabinet in March. In February, Kathpalia had been […]
Cabinet approves plan to privatise Air India
India approved plans on Wednesday to privatise debt-laden Air India, the first step of a process that could see the government offload an airline struggling to turn a profit in the face of growing competition from low-cost rivals. Finance Minister Arun Jaitley told reporters after a cabinet meeting that the government had given an “in-principle” […]
Cabinet approves six laning of Chakeri-Allahabad section of NH-2 in Uttar Pradesh
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval for development of six laning of Chakeri-Allahabad section of National Highway (NH) – 2 in Uttar Pradesh. The cost is estimated to be Rs.3691.09 crore including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The […]
High oil bill: Government exhorts national companies to raise production
With Prime Minister Narendra Modi setting steep target of cutting reliance on imports, the Oil Ministry has intensified monitoring of oil and gas fields given to state-owned firms like ONGC to avoid slippages in domestic output. Modi, in March 2015, had called for cutting India’s dependence on imports to meet oil needs by 10 per […]
Air India privatisation: IndiGo wants to buy stake in debt-laden carrier
IndiGo airlines, owned by InterGlobe Aviation, has expressed an unsolicited interest in buying a stake in state-owned carrier Air India, television channel CNBC-TV18 reported on Thursday quoting the aviation ministry. The Cabinet on Wednesday gave approval to privatise debt-laden Air India, the first step of a process that could see the government offload an airline […]
Air India tells retired staff to stop venting in media if they want to continue travelling free
Retirement bestows one with many freedoms but if you are an Air India retiree, you will now need to keep your tongue in check and not bad-mouth the national carrier on social media platforms or media outlets if you want to continue to get privileges like free air tickets and medical benefits. Air India has […]