-The Hindu The falling Indian rupee will make oil imports costlier and lead to a rise in fuel prices Mumbai: After holding on for a day, the State-owned oil marketing Companies (OMCs) again increased the price of petroleum products such as petrol and diesel in the country on Thursday. The prices of petrol and diesel touched a new high on Thursday with Mumbai paying the maximum among the four metros. While petrol costs...
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Crunch time for 70 Companies as RBI's NPA deadline ends
-The Hindu Business Line After Allahabad HC rebuff, power firms look for govt lifeline Mumbai: About 70 Companies with a combined debt of approximately ?3.6-lakh crore face insolvency proceedings, with the deadline imposed by the Reserve Bank of India ending on Monday. These Companies did not get any legal relief as the Allahabad High Court declined to stay the RBI’s February circular instructing banks to take all large accounts above ?2,000 crore...
More »Petroleum consortium says refusal to display PM's picture is inviting threat of blocked supplies -Piyush Pandey
-The Hindu Consortium representing them says refusal to display PM’s picture is inviting threat of blocked supplies Mumbai: Dealers operating petrol pumps have received a verbal advisory from state-owned oil marketing Companies (OMCs) to put up pictures of Prime Minister Narendra Modi at their retail outlets, triggering a protest. Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) have asked the dealers to arrange the display ahead...
More »Centre has asked 10 lakh petrol pump employees for personal details like religion, caste: NDTV
-Scroll.in Dealers claimed that government-run oil firms are threatening to block supplies if the information is not provided. The Ministry of Petroleum and Natural Gas has asked 10 lakh employees at petrol pumps across the country for personal details like their caste, religion and which constituency they are from, NDTV reported on Tuesday. The information is ostensibly meant for a skill development programme, but dealers have threatened legal action, claiming that...
More »How online army became lifesaver for flood-hit Kerala -KP Saikiran
-The Times of India THIRUVANANTHAPURAM (Kerala): Of late, stories about social media have been not very encouraging, as it was increasingly turning out to be a platform spewing venom. But, during last week’s flood, it turned out to be a lifesaver for hundreds - literally. A group of social media enthusiasts, who have already been connected through Facebook harnessed the immense potential of the platform. An active volunteer group of 6,000 was...
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