New Delhi

Govt gives nod to continue urea production from Naptha

Govt gives nod to continue urea production from NapthaNew Delhi : Government Wednesday approved continuation of production of urea from three plants using naptha as feedstock for a duration of three months ending on September 30.

The Cabinet Committee on Economic Affairs (CCEA) Wednesday approved the continuation of production of urea from Madras Fertilizers Limited (MFL), Manglore Chemicals and Fertilizers Ltd (MCFL) and Southern Petrochemical Industries Corporation (SPIC), according to an official statement.

At present, only these three units are using Naptha as feedstock.

Air India faces maximum passenger complaints

Air India faces maximum passenger complaintsNew Delhi - Air India tops the list of passenger complaints lodged against Indian airlines in July this year, followed by no-frill carrier SpiceJet, official data shows.

Most air travellers, who have lodged complaints against the airlines, complained of problems relating to delayed flights and their customer services.

While Air India topped the list with the maximum of 213 complaints, it was followed by SpiceJet with 129 and IndiGo with 92. These carriers were followed by GoAir with 81 complaints and Jet Airways 61, the data for July showed.

Health Min tracking 821 passengers for Ebola

Health Min tracking 821 passengers for EbolaNew Delhi - The Health Ministry on Wednesday said 821 passengers were being tracked for Ebola in the country with most of them belonging to states of Maharashtra, Kerala and Tamil Nadu.

"Today, 45 passengers were enrolled for follow up in their respective states through state Integrated Disease Surveillance Programme (IDSP) units. As on date, a cumulative number of 821 passengers are being tracked. Most of them are in the States of Maharashtra, Kerala and Tamil Nadu," a Health Ministry release said.

Govt defers decision on ONGC, CIL, NHPC stake sale

Govt defers decision on ONGC, CIL, NHPC stake saleNew Delhi - The government on Wednesday deferred a decision on its stake sale in three PSUs -- ONGC, Coal India and NHPC as Finance Minister Arun Jaitley was not in town.

The Cabinet Committee on Economic Affairs did not take up the disinvestment proposals as the minister concerned was not present, Law Minister Ravi Shankar Prasad told reporters here after the CCEA meeting.

As per estimates, disinvestment in the three PSUs could yield the exchequer over Rs 40,000 crore, enough to meet the target for the current fiscal.

RIL to save $450 mn/yr by importing ethane from US

RIL to save $450 mn/yr by importing ethane from USNew Delhi - Reliance Industries will save about USD 450 million annually by importing 1.5 million tons ethane from US for its petrochemical plant, says a report.

Imported Ethane will substitute its current propane imports and a portion of naphtha used for ethylene production.

"Given depressed US ethane prices and rising production, we estimate an annual saving of USD 450 million from this feedstock substitution from FY18," CLSA said in a research report.

PM Modi sets up committee to identify obsolete laws within three months

Narendra-ModiNew Delhi, Aug 27 : Prime Minister Narendra Modi today set up a committee to identify obsolete laws within a time frame of three months.

He called for a focused and result-oriented exercise to systematically weed out archaic laws and rules. The Committee will also examine Acts and Rules which may have become obsolete within the last ten to fifteen years. The newly-constituted Committee will examine all Acts recommended to be repealed by the Committee on Review of Administrative Laws, which had been appointed by the Union Government of Atal Bihari Vajpayee in 1998.

Narendra K Verma named new MD of ONGC Videsh

Narendra-K-VermaNew Delhi, Aug 27 : Narendra K Verma today took charge at the Oil and Natural Gas Corporation Limited (ONGC) Videsh as its Managing Director.

Verma has been the Director (Exploration) of the Maharatna ONGC since April 2013, after having a career spanning more than three decades with the oil major.

Prior to joining the Board of Directors of ONGC, he was the Director (Exploration) for ONGC Videsh Limited, where he was responsible for the growth strategy and business development at OVL with several high value acquisitions in last one year.

Bipasha Basu promotes movie 'Creature 3D' in Mumbai

Bipasha-BasuNew Delhi, Aug 27 : Bipasha Basu recently promoted her upcoming movie ' Creature 3D ' in Mumbai.

Speaking to media persons, the 35-year old actress said: "Audience should get entertained by this film; they should understand that it's our new initiative to grow our film industry. We are creating a new type of genre of creature features which are very popular in West. If this all happens, I will be very satisfied."

The film, which is directed by Vikram Bhatt, is slated to release on 12th September 2014. (ANI)

SBI cuts interest on home loan by up to 0.15%, makes rate structure uniform

SBI cuts interest on home loan by up to 0.15%, makes rate structure uniformNew Delhi - Country's largest bank SBI on Tuesday slashed home loan rate by up to 0.15 percent on housing loan and removed the slab for advances, a development which will have bearing on mortgage rate of other lenders.

Home loan of any amount would now be available at 10.15 percent while for women borrower the rate of interest would be 10.10 per cent, SBI said in a corrected press statement.

The base rate or the minimum lending rate below which the bank cannot lend is 10 percent.

I feel shy when people compliment me for my looks: Dharmendra

DharmendraNew Delh: He is regarded as one of the most handsome actors in Hindi cinema but yesteryear star Dharmendra says he gets shy when his co-stars or fans compliment him for his good looks.

The 78-year-old actor credits his healthy lifestyle and being content with his life behind his charming looks. "I am a shy person and I actually get embarrassed when people compliment me for my looks. But when I think about it later, I feel good. I don't have any regrets in my life. I am happy with whatever God has given me be it personally or professionally. I get up early in the morning and do yoga to stay fit. I don't go to gym and all," Dharmendra said.

Jet-Etihad Airways deal: SC seeks Centre reply on Swamy's plea

Jet-Etihad Airways deal: SC seeks Centre reply on Swamy's pleaNew Delhi - The Supreme Court Tuesday sought Centre's response within four weeks on pleas by BJP leader Subramanian Swamy seeking Cabinet note concerning Jet-Etihad Airways deal and copy of the transcript of tapped telephonic conversation of former corporate lobbyist Niira Radia in which she had allegedly talked about civil aviation sector.

A bench comprising justices H L Dattu and S A Bobde asked Additional Solicitor General L Nageshwar Rao who accepted the notice on behalf of the Centre to file response on Swamy's application.

PNB launches housing loans at 10.25%

Punjab National BankNew Delhi - To increase business in the festival season, Punjab National Bank (PNB) Tuesday said housing loan of up to Rs 2 crore will attract 10.25 percent interest rate and also announced full waiver of processing fee and documentation charges on housing, car and two-wheeler loans.

Under the festival season bonanza offer for retail loans, housing loans of over Rs two crore will attract interest of 10.50 percent.

The festival bonanza, launched today, would contribute to the growth of GDP and with the onset of festival season, PNB said in a statement.

FinMin orders forensic audit of UCO Bank

FinMin orders forensic audit of UCO BankNew Delhi - The government has ordered limited forensic audit into some non-performing accounts of Kolkata-based UCO Bank to find out any irregularities in sanction of loans.

"We have ordered a limited forensic audit after complaints were filed with regards to some accounts. Those accounts have turned non-performing," official sources said.

This is the fourth public sector bank where forensic audit is being conducted after alleged cash-for-loan scam came to light with the arrest of Syndicate Bank Chairman and Managing Director S K Jain earlier this month.

Now, buy affordable house online on Snapdeal

Snapdeal CEO Kunal BahlNew Delhi - Tata Value Homes, a real estate firm focussed on affordable housing, has partnered with e-commerce major Snapdeal to sell houses through the online marketplace model.

As part of the partnership, about 1,000 homes across projects in cities like Mumbai, Pune, Ahmedabad, Bangalore and Chennai will be put up for sale on Snapdeal. Ranging from 1 BHK to 3 BHK, the houses are priced between Rs 18-70 lakh.

Housing sales drop by 37% in NCR during Jan-June

Housing-sales-dropNew Delhi: Housing sales dropped by 37 percent in Delhi-NCR to nearly 28,500 units during the first six months of this year due to slowdown in the property market, real estate consultant Knight Frank said on Tuesday.

In the year-ago period, the National Capital Region (NCR) had witnessed sales of 45,300 housing units.

Launches of new homes in NCR fell by nearly 43 percent at 35,500 units during January-June 2014 as compared with the corresponding period of last year.

Jaitley reviews security situation with service chiefs

Arun-JaitleyNew Delhi, Aug 26 : Defence Minister Arun Jaitley met the three service chiefs on Tuesday to review the security situation across the country amid continued ceasefire violations by Pakistani troops along the Line of Control in Jammu and Kashmir.

Army Chief General Dalbir Singh Suhag, Air Chief Arup Raha and Navy Chief Admiral R K Dhowan reportedly discussed the steps required to be taken by the armed forces to tackle the situation.

Union Home Minister Rajnath Singh also had a meeting with heads of security and intelligence agencies on the issue on Monday.

Oil Ministry to seek Cabinet nod on diesel deregulation

diesel-priceNew Delhi: Oil Ministry will seek Cabinet nod for freeing diesel prices after retail rates achieve parity with global levels, and has proposed to cut subsidy payout by upstream firm like ONGC by half.

While the government had freed petrol price from its control in June 2010, it had started a phased deregulation of diesel rates in January last year with up to 50 paise a litre increase in rates every month.

Under-recovery, or the difference between retail selling price and its imported cost, has since come down to Rs 1.78 a litre and going by the international trend the pump rates will be at par with their cost by end of October.

Indra Nooyi meets Minister Harsimrat Kaur Badal, pledges double investment in food processing sector

Indra-NooyiNew Delhi, Aug 26 : The Chairman and Chief Executive Officer (CEO) of PepsiCo, Indra Nooyi, who met Minister of Food Processing Industries, Harsimrat Kaur Badal today, has said that her company has already invested substantially in India's food processing sector and they wish to double this investment in the coming years.

Talking about the prospective investment, Harsimrat Kaur said, "Lot of investment is coming, which is substantial. In coming years, it will surely double. So, good amount of investment will continue to come in different parts in India."

Reliance Power commissions 5th unit of its Sasan UMPP

Reliance PowerNew Delhi: Reliance Power on Tuesday announced that the fifth 660 MW unit of its 3,960 MW Sasan ultra mega power project has commenced generation.

With this, the total operational capacity of the Sasan plant in Madhya Pradesh has reached 3,300 MW, Reliance Power said in a release.

Last unit is in advanced stages of construction and will be commissioned over the next few months, the statement added.

Coal production has already commenced from the 20 million tonnes Moher and Moher-Amlohri coal mines associated with the power project.

Dhoni's comments on Fletcher to be discussed at working committee meet: BCCI

Mahendra-Singh-DhoniNew Delhi: Indian captain Mahendra Singh Dhoni`s statement that coach Duncan Fletcher continues to remain the `boss` of the team and will stay till the 2015 World Cup has prompted a livid BCCI to take up the matter at the next Working Committee meeting.

The BCCI top brass is fuming at Dhoni`s comments at the pre-match press conference in Bristol, saying that the captain has "over-stepped his brief" and has no business to decide the tenure of coaches.



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