(1)ONGC in partnership with other government firms plans to invest
3billion to explore oil and gas in Venezuela said
Jyotiraditya Scindia, minister of state for commerce and industry,
on Wednesday. ONGC Videsh Ltd which has already
invested 350million, intends to invest an additional 500 millionin
the San Cristobel oil field in South American
country. In addition to this, OVL along with other state run oil
and gas firms like IOL and OIL INDIA proposes to
invest 2.2 billionin the Carobodo project, taking the total proposed
investment to over 3 billion.(source-Hindustan
Times Thursday, July 12, 2012)
(2)Mircrosoft Corp on Tuesday announced a 6.2% billion charge to write
down the value of an online advertising agency it
bought five years ago. In addition to the write down, Microsoft said
its expectations for future growth and profitability
at its online services unit which include the Bing serch engine and
MSN Internet portal-are" lower than previous
estimates".(source-Hindustan Times Wednesday, July 11, 2012)
(3)Government sources said that after the Samajwadi Party took over
the reins in Lucknow, the Metro expansion pland was
changed and connectivity to Noida Extension became a priority. In
addition to Noida Extension, group housing projects
are also being constructed in various areas in Noida.(souce- THE
TIMES OF INDIA, Wednesday, July 09, 2012)
(4) Auto-rickshaw fares in the city are likely to increase with the
auto unions demanding a review of the existing rates.
The Delhi transport department has decided to meet
representatives of the unions on Thursday to hear out their demands
and
suggestions. The auto unions have been demanding a fare hike after
the price of compressed natural gas (CNG) was increased
, and the Delhi government refused to roll back the hike. In
addition to this, unions claim that even though the Supreme
court had directed the transport department to issue 45,000 new
permits to run new auto-rickshaws in the city, Delhi govern
ment did not act. (source-Hindustan Times Tuesday, August 07, 2012)
(5)Flood with complaints regarding inflated bills, Delhi chift
Minister Sheila Dikshit has directed the power departments to address
the issue. According to sources, Dikshit has asked the distribution
companies to examine their billing system as a number of people
have complained about inflated bills. Power tariff for domestic
consumers was hiked by a steep 26 percent in June. The new tariff
came into effect from July 1. The delhi government has also chalked
out a power plan to meet the demand for next year's summer season.
In addition to this, Uttar Pradesh has provided land to Transco
limited to construct six towers for the Maharani bagh-Ghazipur line.
(source-Hindustan Times Tuesday, September 04, 2012)
(6)With no signs of the economic slowdown abating, the Planning
Commission has trimmed the funding for India's socio-economic
development
for the 12th plan. the panel now projected 27,10,840 crore funding
for the 12th plan allocation, as against the earlier estimate of
35,00,
,000 crore. the final allocation willl be decided at a meeting by
Prime Minister Manmohan Singh on Saturday. In addition to the slowdown
, the government's inability to reduce its subsidy burden because of
political compulsions is yet another reason for the plan not being
able to spare huge funds for the social sector.
(source-Hindustan Times Thursday, September 13, 2012)
3billion to explore oil and gas in Venezuela said
Jyotiraditya Scindia, minister of state for commerce and industry,
on Wednesday. ONGC Videsh Ltd which has already
invested 350million, intends to invest an additional 500 millionin
the San Cristobel oil field in South American
country. In addition to this, OVL along with other state run oil
and gas firms like IOL and OIL INDIA proposes to
invest 2.2 billionin the Carobodo project, taking the total proposed
investment to over 3 billion.(source-Hindustan
Times Thursday, July 12, 2012)
(2)Mircrosoft Corp on Tuesday announced a 6.2% billion charge to write
down the value of an online advertising agency it
bought five years ago. In addition to the write down, Microsoft said
its expectations for future growth and profitability
at its online services unit which include the Bing serch engine and
MSN Internet portal-are" lower than previous
estimates".(source-Hindustan Times Wednesday, July 11, 2012)
(3)Government sources said that after the Samajwadi Party took over
the reins in Lucknow, the Metro expansion pland was
changed and connectivity to Noida Extension became a priority. In
addition to Noida Extension, group housing projects
are also being constructed in various areas in Noida.(souce- THE
TIMES OF INDIA, Wednesday, July 09, 2012)
(4) Auto-rickshaw fares in the city are likely to increase with the
auto unions demanding a review of the existing rates.
The Delhi transport department has decided to meet
representatives of the unions on Thursday to hear out their demands
and
suggestions. The auto unions have been demanding a fare hike after
the price of compressed natural gas (CNG) was increased
, and the Delhi government refused to roll back the hike. In
addition to this, unions claim that even though the Supreme
court had directed the transport department to issue 45,000 new
permits to run new auto-rickshaws in the city, Delhi govern
ment did not act. (source-Hindustan Times Tuesday, August 07, 2012)
(5)Flood with complaints regarding inflated bills, Delhi chift
Minister Sheila Dikshit has directed the power departments to address
the issue. According to sources, Dikshit has asked the distribution
companies to examine their billing system as a number of people
have complained about inflated bills. Power tariff for domestic
consumers was hiked by a steep 26 percent in June. The new tariff
came into effect from July 1. The delhi government has also chalked
out a power plan to meet the demand for next year's summer season.
In addition to this, Uttar Pradesh has provided land to Transco
limited to construct six towers for the Maharani bagh-Ghazipur line.
(source-Hindustan Times Tuesday, September 04, 2012)
(6)With no signs of the economic slowdown abating, the Planning
Commission has trimmed the funding for India's socio-economic
development
for the 12th plan. the panel now projected 27,10,840 crore funding
for the 12th plan allocation, as against the earlier estimate of
35,00,
,000 crore. the final allocation willl be decided at a meeting by
Prime Minister Manmohan Singh on Saturday. In addition to the slowdown
, the government's inability to reduce its subsidy burden because of
political compulsions is yet another reason for the plan not being
able to spare huge funds for the social sector.
(source-Hindustan Times Thursday, September 13, 2012)
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