Governance Archives - Page 2 of 4

Corporate India

ONGC’s Cost Cutting Drive Targets ₹9,300 Crore Savings

Oil and Natural Gas Corporation (ONGC) initiated a comprehensive cost optimisation programme to achieve ₹9,300 crore in savings by FY27. This move prepares the PSU for a future with oil prices around $60 per barrel while fighting production decline.

Corporate India

RBI Allows Banks to Fund Corporate Acquisitions

The Reserve Bank of India will now permit banks to finance mergers and acquisitions by Indian corporates. This new framework significantly expands the scope of capital market lending for the banking sector.

Corporate India

India Indigenous Nuclear Reactor Project Draws Interest ftom Corporate Giants

India’s largest corporate groups, including Reliance and Adani, show strong interest in NPCIL’s tender for the Bharat Small Reactors (BSR). The project, using indigenous PHWR technology, marks the first major entry of the private sector into nuclear generation, with a project deadline now set for March 2026.

Corporate India

Governance

Government Sanctions ₹6,982 Crore Additional Capital for BSNL’s 4G Expansion

In a major push for India’s public sector telecom, the government has greenlit a fresh capital injection of ₹6,982 crore for BSNL, earmarking the funds specifically for the nationwide expansion of its 4G network. This move is part of a broader strategy to bolster BSNL’s financial health and competitive standing against private players.

Cabinet Approves Rs. 8,307 Crore Bhubaneswar Ring Road to Ease Congestion and Boost Odisha’s Economy

News Orbiter Bureau19 August 202531 August 202504 mins

The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has greenlit a new 110.875 km, 6-lane ring road around Bhubaneswar. The Rs. 8,307.74 crore project, built on a greenfield alignment, aims to alleviate severe traffic congestion and improve logistics connectivity across eastern India. It is expected to create a significant number of direct and indirect employment opportunities, boosting the regional economy.

CWC to drive India’s logistics cost reduction under national plan

News Orbiter Bureau6 March 202503 mins

The government has set an ambitious target to lower logistics costs from the current 13-14 percent to global standards of around 8 percent, with the Central Warehousing Corporation (CWC) playing a pivotal role in this transformation. Speaking at CWC’s 69th Foundation Day, Food Minister Pralhad Joshi highlighted the organization’s contribution towards streamlining supply chains under…

AAI Celebrates 78th Independence Day with Patriotic Zeal and Accomplishments

Vishal Duggal16 August 202416 August 202404 mins

Guwahati: The Airports Authority of India, Regional Headquarters – North Eastern Region (AAI-RHQ-NER), commemorated the 78th Independence Day with a vibrant celebration that embodied the spirit of patriotism and highlighted the region’s remarkable progress. M. Raja Kishore, the newly appointed Regional Executive Director (RED) for the North Eastern Region (NER), ceremonially hoisted the National Flag…

Ministry of Finance claims over 52 Crore PM Jan-Dhan accounts opened under PMJDY

Sujeet Kumar Jha7 August 202402 mins

The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in August 2014, has opened 52.81 crore accounts with a total deposit balance of Rs. 2,30,792 crore as of 19.07.2024. Of these accounts, 29.37 crore (55.6%) belong to women, and 35.15 crore (66.6%) are in rural and semi-urban areas. This initiative, aimed at financial inclusion, focuses on…

“PM Shri Paryatan Vayu Seva” launched to enhance connectivity in Madhya Pradesh

News Orbiter Bureau16 June 202416 June 202405 mins

Madhya Pradesh is rapidly emerging as a premier destination for travelers seeking unique and enriching experiences. Often referred to as the “Heart of Incredible India,” the state offers a diverse array of attractions, making it a one-stop destination for adventure, history, culture, and spiritual exploration. Tourist arrivals in Madhya Pradesh tripled in 2023 compared to…

India’s Green Hydrogen Mission progresses with new RfS for Green Ammonia production

News Orbiter Bureau10 June 202410 June 202402 mins

In a pivotal move to boost the demand for Green Hydrogen and its derivatives, the Solar Energy Corporation of India (SECI) has issued a Request for Selection (RfS) for Green Ammonia producers. This initiative, undertaken through cost-based competitive bidding under Mode 2A of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme, aligns with the…

Governance

FSSAI alerts fruit traders to prohibit use of Calcium Carbide for fruit ripening

News Orbiter Bureau19 May 202403 mins

The Food Safety and Standards Authority of India (FSSAI) has alerted the operators of the ripening chambers to prohibit the use of Calcium Carbide for artificially ripening the fruits. It has alerted all the fruit traders, handlers, and Food Business Operators (FBOs) to comply with the prohibition strictly, particularly during the mango season. FSSAI has…

Government agencies unite to combat cybercrime and fraud

News Orbiter Bureau10 May 202410 May 202401 mins

The Department of Telecommunications (DoT), in collaboration with the Ministry of Home Affairs (MHA) and State Police, has initiated a joint effort to combat cybercrime and financial fraud. This collaborative initiative aims to dismantle fraud networks and safeguard citizens from digital threats. An analysis by the MHA and State Police revealed that 28,200 mobile handsets…

Gas-based power plants to be activated to meet summer electricity demand

Vishal Duggal22 April 202404 mins

To address the escalating electricity demand during the summer season, the Government of India has announced plans to activate gas-based power plants. In a bid to maximize power generation from these stations, the government has issued directives to all gas-based generating stations under Section 11 of the Electricity Act, 2003. This section empowers the government…

CBDT clarifies misleading reports on special drive to reopen HRA claim cases

News Orbiter Bureau10 April 202402 mins

The Central Board of Direct Taxes (CBDT) has clarified recent media reports claiming a special drive to reopen cases related to House Rent Allowance (HRA) claims, stating that such reports are inaccurate and misleading. The CBDT emphasized that there is no special drive to re-open cases of mismatch, and reports suggesting otherwise are completely baseless….