Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on “white elephant projects”. “With revenues down, fiscal deficits are only slowly declining, despite significant reforms on both the spending and revenue sides, including the introduction of […]
Category: The Telegraph
Telegraph
Bengal city gas race hots up
The consortium of H-Energy East Coast Private Limited and HPCL has emerged as the top bidder for the city gas and CNG licensing bids in Bengal. In the 10th bid round, the consortium bid for all the four geographical areas in the state put up for auction — Darjeeling, Jalpaiguri and Uttar Dinajpur districts; Howrah […]
Govt offers 23 oil and gas blocks in 3rd round
The government on Sunday offered 23 oil and gas blocks for bidding under the Open Acreage Licensing Policy (OALP), hoping to attract investments of up to $700 million. “In OALP-III, 23 blocks in 12 sedimentary basins are being offered. Of these, five are coal-bed methane (CBM) blocks. The total area on offer is about 31,000 […]
Rafale deal unravelling faster than government thought, says Congress
The Congress on Monday said the Rafale deal is “unravelling” faster than the government thought, with issues such as “parallel negotiations” by the PMO and changes in the standard defence procurement procedure coming to the fore. The Opposition party’s attack on the government came after a report in The Hindu newspaper claimed that the deal […]
NCLAT allows 22 IL&FS arms to start debt servicing
The National Company Law Appellate Tribunal (NCLAT) has allowed 22 domestic arms of the IL&FS group to service their debt obligations, providing a much needed relief to the lenders. Additionally, the appellate tribunal lifted the moratorium on debt payments on 133 IL&FS firms incorporated outside the country even as they were allowed to continue with […]
Boeing delivers first four Chinook copters
American aerospace major Boeing on Sunday announced the arrival of first batch of four Chinook military helicopters for the Indian Air Force at the Mundra port in Gujarat. A statement from the company said the CH47F (I) Chinooks will be ferried to Chandigarh, where they will be formally inducted into the Indian Air Force later […]
Ranchi flyover blueprint nixed, new consultant to be called
The proposed Rs 180-crore three-lane Harmu-Ratu flyover, which was supposed to change the capital skyline and cut travel time of lakhs of commuters every day, is staring at an unprecedented delay.
Assam budget to help boatmen left jobless by Bogibeel bridge
Boatmen and eateries affected by the inauguration of Bhupen Hazarika Setu (Dhola-Sadiya) and the Bogibeel bridge in Upper Assam are happy with the announcement of rehabilitation in the state budget.
5 die, 2 hospitalised as plane parts hit California house
Five people died and two others were injured after a small plane apparently came apart, raining debris across a Southern California neighbourhood and igniting a house fire before landing in a backyard, authorities said on Sunday.
Advantage JSW in Bhushan Power race
The National Company Law Appellate Tribunal has upheld JSW Steel’s Rs 19,300-crore bid for bankrupt Bhushan Power and Steel Ltd (BPSL), trumping offers made by Tata Steel and Liberty House of the UK.
UK home secretary Sajid Javid clears Mallya extradition
The British home secretary Sajid Javid has — as expected — signed off on Vijay Mallya’s extradition to India, the home office confirmed on Monday.
Ranchi civic body’s road plan derails land buyer at Argora
Two residents here are in a fix over a transaction centred around a 5 decimal plot in Argora, a part of which, unknown to both seller and buyer, had been earmarked for a road in the Ranchi Municipal Corporation (RMC) city master plan.