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Union Cabinet approves deregulation of sale of domestically produced crude oil

TBB BUREAU NEW DELHI, JUNE 29, 2022 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved ‘Deregulation of Sale of Domestically Produced Crude Oil’, whereby Government has decided to cease allocation of crude oil and condensate w.e.f. 01.10.2022. This will ensure marketing freedom for all Exploration and Production (E&P) operators. The condition in the ...

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Cabinet approves computerization of 63K Primary Agriculture Credit Societies

TBB BUREAU NEW DELHI, JUNE 29, 2022 The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi, has approved computerization of Primary Agricultural Credit Societies (PACS) with the objective of increasing efficiency of PACS, bringing transparency and accountability in their operations; facilitating PACS to diversify their business and undertake multiple activities/ services. This project proposes computerization of about ...

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Schools must foster the spirit of curiosity and innovation in students: Vice President

TBB BUREAU NEW DELHI, JUNE 29, 2022 Vice President M. Venkaiah Naidu on Wednesday appealed to schools across the nation to foster the spirit of curiosity, innovation and excellence in students to prepare them for the challenges of the Shri 21st century, technology-driven world. Calling for a futuristic approach to education while shunning rote education, Naidu said, “The best skill ...

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Coal Ministry approaches Environment Ministry for inclusion of five coal mine pit lakes in Ramsar list, seeks World Bank assistance in re-purposing abandoned coal mines

TBB BUREAU NEW DELHI, JUNE 29, 2022 India’s coal sector is making sustained efforts to fulfil the fast escalating energy demands by further augmenting coal production. At the same time, the coal sector is also taking various initiatives towards adopting the path of sustainable development with emphasis on care for environment and host of measures to protect forests and biodiversity. ...

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31 companies submit bids for commercial coal mining auction

TBB BUREAU NEW DELHI, JUNE 29, 2022     A total of 31 companies have submitted 38 online and offline bids for commercial coal mining auction and now the technical evaluation will be carried out by a committee of senior officers, Union Coal Ministry announced on Tuesday. According to the ministry, the bids were received under three tranches of commercial coal ...

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15 companies selected under 2nd round of PLI scheme for white goods with committed investment of Rs 1,368 cr

TBB BUREAU NEW DELHI, JUNE 28, 2022 A total of 15 applicants have been selected under the second round of the PLI scheme in White Goods. After evaluation of the 19 applications received in the second round, 15 applicants with committed investment of Rs 1,368 crore have been chosen. These include 6 for manufacturing ACs components with committed investments of ...

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World Bank approves $250 million program for making India’s roads safer

TBB BUREAU NEW DELHI, JUNE 27, 2022 The World Bank’s Board of Executive Directors has approved the financing of $250 million to support the Government of India’s Program for Strengthening Road Safety. The World Bank project will help participating states reduce road crash fatalities and injuries through improved road safety management and institutional reform, and results-based interventions on high-risk roads.  ...

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