Business Standard

LIVE: Cabinet approves one-time grant of Rs 22k cr for three OMCs

I&B Minister says Cabinet approved a one-time grant of Rs 22,000 crore for 3 OMCs to offset losses on domestic LPG

Image BS Web Team New Delhi
cylinder, LPG

President Droupadi Murmu will be on a three-day visit to Tripura and Assam beginning October 12, the Rashtrapati Bhavan said on Tuesday. The president will inaugurate the Tripura State Judicial Academy and lay the foundation stone for the Tripura National Law University at Narsingarh in Agartala on Wednesday. In the same day, she will virtually inaugurate an MLA Hostel at the Capital Complex in Agartala and lay the foundation stones for various Tripura government projects related to roads, schools and hostels for students, the Rashtrapati Bhavan said in a statement.

The Bharatiya Janata Party (BJP) will launch the "Gujarat Gaurav Yatra" on five different routes over the next two days to reach out to people ahead of the Assembly elections, due in December this year. The yatra will be launched by BJP president JP Nadda and Union Home Minister Amit Shah on Wednesday and Thursday, respectively. Notably, the first 'Gaurav Yatra' was taken out by the then chief minister of Gujarat, Narendra Modi, after the communal riots and before the 2002 state assembly elections. The second 'Gaurav Yatra' was organised in 2017 ahead of that year's state polls.

3:39 PM

Cabinet approves one-time grant of Rs 22k cr for three OMCs

1:13 PM

Maiden Pharma ordered to shut total production

It has been decided to shut total production..." Haryana Minister on Maiden Pharma cough syrup plant
11:43 AM

SC grants 2 more weeks time to Centre to respond on provisions of Places of Worship (Special Provision) Act

Supreme Court grants 2 more weeks time to Centre to respond on a batch of petitions challenging provisions of the Places of Worship (Special Provision) Act and asks it to file affidavit by October 31. Supreme Court posts the pleas for hearing on November 14.
11:36 AM

A MiG 29K fighter aircraft crashed over sea on a routine sortie off Goa coast

A MiG 29K fighter aircraft crashed over sea on a routine sortie off Goa coast after it developed a technical malfunction while returning to base. Pilot ejected safely & was recovered in a swift search & rescue operation. Pilot is reported to be in a stable condition: Indian Navy
 
8:14 AM

Ukraine war has affected Asian economy; risk of fragmentation worrisome: IMF

The war in Ukraine has affected the Asian economy broadly in terms of trade and financial market uncertainties and inflation, a top IMF official said on Tuesday, warning that going forward the risk of fragmentation was quite serious in the Asia Pacific region.
 
If you look at the (Ukrainian) war itself, there are multiple channels through which it has affected Asia. One, of course, is the falling external demand. Asia doesn't have many strong trade links with Russia. But Asian trade links with Europe are pretty high. To the extent that Europe is affected significantly by the war in Ukraine, it affects external demand for countries in Asia, Krishna Srinivasan, Director Asia and Pacific Department, International Monetary Fund (IMF) told PTI in an interview.
8:14 AM

India in talks with different countries to make Rupay acceptable in their nations: Sitharaman

India is talking to different countries to make Rupay acceptable in their nations, Union Finance Minister Nirmala Sitharaman said on Tuesday.
 
Not just that, the UPI (Unified Payments Interface), the BHIM app, and NCPI (the National Payments Corporation of India) are all now being worked in such a way that their systems in their respective country, however, robust or otherwise can talk to our system and the inter-operability itself will give strength for Indians expertise in those countries, she said.
8:14 AM

India in talks with different countries to make Rupay acceptable in their nations: Sitharaman

India is talking to different countries to make Rupay acceptable in their nations, Union Finance Minister Nirmala Sitharaman said on Tuesday.
 
Not just that, the UPI (Unified Payments Interface), the BHIM app, and NCPI (the National Payments Corporation of India) are all now being worked in such a way that their systems in their respective country, however, robust or otherwise can talk to our system and the inter-operability itself will give strength for Indians expertise in those countries, she said.

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First Published: Oct 12 2022 | 8:12 AM IST