The commerce ministry has proposed the repeal of decades-old laws on rubber and introduced new legislation that seeks to address the challenges faced by the sector and remove some of the archaic provisions of present law to create a conducive environment for businesses.
"Total original cost of implementation of the 1,565 projects was Rs 21,86,542.05 crore and their anticipated completion cost is likely to be Rs 26,59,914.61 crore, which reflects overall cost overruns of Rs 4,73,352.56 crore (21.65% of original cost)," the ministry's latest report for February 2022 said.
An LNG shipload was received on March 25 and its payment will be due in early April. There is no indication that the payment for this cargo will be in a currency other than US dollar, sources said. "So far, the US dollar payment continues without any problem," another source said. "Gazprom has so far not communicated anything to GAIL about change in payment mode."
Petrol and diesel prices were hiked yet again on Sunday- the fifth increase in six days. Petrol will now be dearer by 50 paise a litre and diesel by 55 paise a litre. In Delhi, petrol will now cost Rs 99.11 per litre while diesel rates have gone up to Rs 90.42. Four increments of 80 paise each, and the latest hike on Sunday means petrol will now cost Rs 3.70 more and diesel Rs 3.75 more per litre as compared to prices a week back.
The minister was speaking at 93rd Annual General Meeting of the ICAR Society here, according to an official statement.
eliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI order restraining him from associating with any listed company.
mid criticism over hikes in prices of petrol and diesel in recent days, finance minister Nirmala Sitharaman on Friday argued that it was the war in Ukraine that had forced an increase in pump prices, while maintaining that the government did not burden the people with additional taxes during Covid, when 32 countries across the globe had raised levies.
Reliance Group chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI order restraining him from associating with any listed company. "Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance of SEBI (Securities and Exchange Board of India) interim order," Reliance Power said in a BSE filing.