State-owned Indian Oil Corporation Limited (IOCL), India’s largest fuel retailer is planning to almost double its retail outlets to more than 52,000 in the next three years, from 27,000 now to maintain its market leadership in fuel retail. These include both company-owned and franchisee-run outlets. Together, state-owned oil marketing companies …
Read More »Daily Archives: August 30, 2018
RBI flags risk of higher inflation
The Reserve Bank of India (RBI) has warned about upside risks to inflation during the remaining part of the current financial year, ‘warranting vigil and readiness’ to deal with them. The risks could emanate from rising commodity prices, especially crude oil, global financial market developments and second-round impact from revision …
Read More »US extends suspension of premium processing for H-1B visas
The U.S. has extended by over five months the temporary suspension of premium processing for H-1B visas as part of its efforts to clear the backlog. Premium processing is a feature that shortens the usual processing time of visa petitions from about of six months to 15 days for a …
Read More »Myanmar rejects UN findings on ‘genocide’
Myanmar on Wednesday rejected the findings of a UN investigation alleging genocide by its military against the Rohingya, after the U.S. and other countries joined growing calls for them to face justice. The UN probe on Monday detailed evidence of genocide and crimes against humanity “perpetrated on a massive scale” …
Read More »Trump warns of ‘violent change’ if GOP loses polls
U.S. President Donald Trump warned evangelical leaders that if Republicans lose control of Congress in the midterm elections, Democrats will institute change “quickly and violently”, The New York Times reported. At a meeting with those leaders at the White House on Monday, Mr. Trump said everything was at stake for …
Read More »2+2 talks to focus on China
The first U.S.-India 2+2 dialogue next week in New Delhi will discuss regional and strategic issues of Asia and “will also have some real outcomes”, said a senior official of the Donald Trump administration. “China and how to respond to it will be front and centre” of the dialogue, said …
Read More »Joint military exercise in Russia ends
Exercise Peace Mission 2018, the joint military exercise of Shanghai Cooperation Organisation (SCO), ended in Russia on Wednesday with the eight-member states undertaking joint training on combating terrorism. This is the first time India and Pakistan participated in the exercise, which began on August 24 at the firing ranges in …
Read More »Cabinet clears Rs. 1,600 cr. mission to map coasts
India is set to get more disaster warning systems along its coasts. While it already has a tsunami warning system in place, the new systems will keep an eye out for “tsunamis and storm surges,” according to an official release. The system is part of a programme called O-SMART (Ocean …
Read More »Lynching: social media sites to be held responsible
A panel headed by Union Home Secretary Rajiv Gauba, which deliberated on measures to check incidents of lynching, submitted its report to a Group of Ministers headed by Home Minister Rajnath Singh. In May and June, more than 20 people were lynched based on fake posts or rumours floating on …
Read More »‘Sagar Mala detailed project report ready’
A grade separator at the Karnataka Polytechnic Junction and an overpass at Nanthoor Junction here will be built under the Sagar Mala Project, according to Nalin Kumar Kateel, Member of Parliament, Dakshina Kannada. Speaking at a function organised by Mangaluru City Corporation to launch 27 new development projects and inaugurate …
Read More »SC allows rights activists to remain under house arrest
The court was hearing a petition filed by five eminent persons — Romila Thapar, Devaki Jain, Prabhat Patnaik, Satish Deshpande and Maja Dharuwala. ‘Safety valve’ A three-judge Bench, led by Chief Justice of India Dipak Misra, lashed out at the “sweeping round of arrests,” observing that democracy could not survive …
Read More »Over 99% of demonetised notes were returned: RBI
The Reserve Bank of India’s annual report for 2017-18 said more than 99% of the Rs. 500 and Rs. 1,000 notes withdrawn from circulation in November 2016 had been returned to the central bank. According to the report, after verification and reconciliation, the total value of the Rs. 500 and …
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