Opinion
Appeal
The legacy of IPA, founded by Nikhil Chakravartty, the doyen of journalism in India, to keep the flag of independent media flying high, is facing the threat of extinction due to the effect of the Covid pandemic. Only an emergency funding can avert such an eventuality. We appeal to all those who believe in the freedom of expression to contribute to this noble cause.Govt May Dilute GAAR Proposals, Target Tax Havens
NEW DELHI: The finance ministry may dilute some provisions of the proposed General Anti-Avoidance Rule (GAAR) to allay investors’ fears about excessive powers to the taxman under the regime. The rules may be worded in a manner that the onus to prove tax avoidance is also on the tax...
Presidential Race Hots Up
By Harihar Swarup The President’s post is the highest office of the land. At the time of constitutional crisis or other emergencies, the President’s role becomes very crucial. Therefore a person of high integrity and moral standards, who commands the respect of the nation, should be elected to the...
Indian Economy’s Growth Potential Is Strong
By Nitya Chakraborty NEW DELHI: The data released by the International Monetary Fund (IMF) stating that during 2011, India overtook Japan in total GDP on the basis of purchasing power parity (PPP), thereby emerging as the third largest economy in the world after USA and China should act as...
Mayawati Begins Big Preparations For Lok Sabha Polls
From Pradeep Kapoor LUCKNOW: BSP supremo Mayawati has taken lead in making preparations for 2014 Lok Sabha polls well in advance. Even in her defeat BSP remained number two position in more than 200 seats pushing national parties far behind. Mayawati sees role of king maker for herself in...
Centre, States May Cut Taxes On Fuel
NEW DELHI: The government is thinking of a cushion for you to soften the blow of high oil prices. To prevent rising crude oil prices from hurting consumers and fuelling inflation, the government is working on a comprehensive “rescue package” that includes a significant reduction in central excise duties...
BPCL Seeks Diesel Cargo On Domestic Supply Shortage: Source
SINGAPORE: Bharat Petroleum Corp (BPCL) is seeking a diesel cargo for early May as domestic supply remains tight on the back of refinery maintenance, industry sources said on Thursday. The refinery is seeking 40,000 tonnes of 350 ppm sulphur diesel for delivery into Kochi over May 8-10. The tender...
Water Crisis Brings MRPL, Mangalore Oil Reserves’ Work To A Halt
NEW DELHI: Work at the sites of two of India’s strategic oil reserves in Karnataka has come to a halt as a water crisis has enveloped the region. The public sector Mangalore Refinery and Petrochemicals has shut down its 300,000 barrels per day plant. Managing director UK Basu said...
Cairn Gets Nod To Raise Output From Rajasthan Block
NEW DELHI: Cairn India has got the nod for increasing output by another 25,000 barrels a day of oil from its producing Mangala fields in the Rajasthan block. This development comes at a time as the company closes its fourth quarter numbers for the fiscal 2011-12 on Friday. High...
RIL Q4 Results: Company May Report Another Quarter Of Profit Decline
Reliance Industries,India’s biggest company by market capitalisation, will most likely report a second consecutive quarter of lower profits when it announces March 2012 quarter numbers on Friday. This will be the first time since 2009 that the petroleum major is suffering two consecutive quarters of year-on-year profit fall. It...
BP Agrees To $7.8 Billion Gulf Spill Agreement
NEW ORLEANS: The estimated multibillion-dollar settlement between BP and lawyers representing individual and business plaintiffs in the 2010 Gulf of Mexico oil spill was fleshed out on Wednesday in hundreds of pages of motions and exhibits. The broad outlines of the agreement in principle reached last month, including an...
Japan Records Biggest Trade Deficit As Fuel Imports Go Up
TOKYO: Disaster-battered Japan reported its biggest annual trade deficit ever on Thursday, a contrast from decades of surpluses, as a nuclear crisis boosted expensive oil and gas imports. The finance ministry’s preliminary trade data showed a 4.41 trillion yen ($54 billion) trade deficit for the fiscal year that ended...
Iran Rejects Delay To MRPL Oil Cargo Delivery: Sources
NEW DELHI: Iran has rejected a request from India’s Mangalore Refinery and Petrochemicals to slightly delay an oil shipment for its 300,000 barrels per day (bpd) refinery which is closed, two sources said, as Tehran continues to face sanctions pressure. The refusal to push back delivery indicates Iran is...
Govt Spending On Projects Hits All-Time High
NEW DELHI: In what belies the popular notion of a depressed investment environment in the country, the government’s spending on central sector projects commissioned in the first half of the previous financial year had risen exponentially, according to data obtained from the Ministry of Statistics and Programme Implementation (MoSPI)....
Chidambaram Urges Industry Captains To Nurture J&K Youth
NEW DELHI: Union home minister P Chidambaram on Wednesday urged industry captains to train and employ the youth in Jammu & Kashmir. During a meeting with around 20 CEOs, the home minister also asked them to examine possibilities of marketing J&K’s agricultural produce. RP-Sanjiv Goenka Group chairman Sanjiv Goenka,...
More Power For Maharashtra As NTPC’s Mouda Plant Starts Generation
NAGPUR: The state’s power availability has gone up by at least 150MW this summer as the first unit of NTPC’s Mouda power plant has started generation at full load. NTPC officials said that the first 500MW unit was synchronized on April 8 and it went on full load on...
Geological Surprises, Delays Drive Up Hydro Power Tariffs
NEW DELHI: The notion that hydro power is cheaper than thermal power is proving to be a fallacy. An FE analysis of the tariffs of some of the country’s largest hydro stations has revealed that they generate electricity at a cost much higher than most thermal plants. Thermal stations...
ABB Commissions 3 Sub-Stations For Powergrid
BANGALORE: Power and automation technology group ABB has commissioned three 765 kV sub-stations for Power Grid Corporation of India Ltd (PGCIL). The sub-stations are located in Wardha,Maharashtra, Seoni, Madhya Pradesh and Bilaspur, Chhattisgarh, according to a press statement. From the current inter-regional power flow capacity of 27,950 MW, the...
UCIL To Inaugurate New Mine And Processing Plant In AP
KOLKATA: Uranium Corporation of India’s new 3,000 tonne per day uranium mine & and processing plant will be inaugurated at Tummalapalle in Andhra Pradesh on Friday by Dr Srikumar Banerjee, secretary, department of atomic energy & chairman Atomic Energy Commission. With confirmed reserves of over 49,000 tonnes of uranium...
