The bidders of Pawan Hans have sought extension to submit their financial bids for buying the government and Oil and Natural Gas Corporations (ONGC) stake in the helicopter service provider.The government holds 51%stake in Pawan Hans.The remaining 49% is with state-run ONGC. Last year,government had invited bids from entities,saying that along with its 51 per… Continue reading Bidders seek extension for Pawan Hans bids
Category: Daily Factly articles
Government to Raise Rs 3,500 Crore Via CPSE ETF Sale
The government has planned to launch an additional offering of Central Public Sector Enterprises (CPSE) Exchange Traded Fund (ETF).It seeks to raise at least Rs 3,500 crore in disinvestment. The government disinvestment target for the current fiscal year(2018-19) is Rs 80,000 crore.While,for the next fiscal (2019-2020),the government has set disinvestment target of Rs 90,000 crore.Disinvestment… Continue reading Government to Raise Rs 3,500 Crore Via CPSE ETF Sale
Pak. Army eyes key role in developing giant copper & gold mine
Pakistan’s military is participating in the development of Reko Diq Mine as it considers it as a strategic national asset. However,the mine is facing problems due to (a)multi-billion dollar legal dispute with foreign mining firms and (b)inability to attract foreign investment as Pakistan is under economic crisis. Reko Diq Mine is one of the world’s… Continue reading Pak. Army eyes key role in developing giant copper & gold mine
SC rejects Meghalaya miners’ plea on coal transportation
The Supreme Court has refused to allow miners to transport extracted coal lying at various sites in Meghalaya.There have been allegations that mine owners are misusing the relaxation on transportation of extracted coal to flout the ban on rat-hole mining. Earlier,The National Green Tribunal (NGT) had banned rat-hole mining in 2014,and retained the ban in… Continue reading SC rejects Meghalaya miners’ plea on coal transportation
HC reserves verdict on plea against BCCI representing India
The Madras High Court has reserved its order on a PIL seeking direction to authorities for initiating legal action against the BCCI.The petitioner said that BCCI has no authority to represent the country at international events without the government’s approval. The petitioner contended that (a)BCCI derived its logo from the British Raj emblem “The order… Continue reading HC reserves verdict on plea against BCCI representing India
U.K. yet to act on our requests for attachment of assets: ED
Enforcement Directorate(ED) has said that the United Kingdom(UK) have not taken any action on the requests of ED for attachment of assets and Non-bailable warrant(NBW) against the fugitive diamond dealer Nirav Modi. Earlier,ED had started investigations against Nirav Modi under the Prevention of Money Laundering Act.It had sent a request to UK for NBW under… Continue reading U.K. yet to act on our requests for attachment of assets: ED
Don’t help the Maduro regime: U.S.
US Secretary of State has advised India not be the economic lifeline to the regime of Venezuelan President Nicolas Maduro by purchasing oil from the Latin American country. Earlier,U.S National Security Advisor had warned countries and companies against buying crude oil from Venezuela.It was after the visit of Venezuela’s Oil Minister to India where he… Continue reading Don’t help the Maduro regime: U.S.
D-day for Azhar’s UNSC listing: all eyes on China
The United Nations Security Council’s 1267 committee will decide on designation of Jaish-e-Mohammed chief Masood Azhar under the UNSC 1267 Sanctions Committee. The proposal to designate Masood Azhar was moved by France, UK and the US.It is the fourth such bid at the UN in the last 10 years to list Azhar as a global… Continue reading D-day for Azhar’s UNSC listing: all eyes on China
We cannot kill jobs in firecracker industry, says Supreme Court
The Supreme Court said that it cannot ban firecrackers as it would deprive the livelihood of lakhs of families dependent on manufacturing firecrackers by creating unemployment. The court asked the authorities to conduct a comparative study to identify the proportionate levels of pollution caused by vehicles and firecrackers before any decision is taken. The court… Continue reading We cannot kill jobs in firecracker industry, says Supreme Court
Upgraded Pinaka rocket successfully test-fired
Defence Research and Development Organisation(DRDO) successfully test fired the PINAKA guided WEAPON rocket system from Pokhran range in Rajasthan. Pinaka rocket systems was named after Pinaka,the bow of Lord Shiva. Pinaka Mark I is an indigenous multi-barrel unguided rocket launch system for firing of multiple warheads.It was used in the 1999 Kargil conflict.It has a… Continue reading Upgraded Pinaka rocket successfully test-fired
