Daily Archives: December 3, 2018

Panel to look at selling OIL, ONGC fields

The government has constituted a six-member committee to look at selling as many as 149 small and marginal oil and gas fields of state-owned ONGC and Oil India to private and foreign companies to boost domestic output, sources said.The panel is headed by NITI Aayog Vice Chairman Rajiv Kumar and …

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No local currency trade with India: China

China has not accepted India’s proposal to carry out bilateral trade in local currencies, which was aimed at bridging the ballooning trade deficit with the neighbour, an official said.India’s exports to China stood at only $13.4 billion and imports aggregated to $76.4 billion in 2017-18, leaving a trade deficit of …

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Where motor parts are recycled into furniture

Does an old military truck or a dismantled part of an old car or a broken bicycle have any place in a restaurant or a lounge bar where one would go to enjoy food or wine? Shouldn’t these things belong to the junkyard and stay there?No, if you ask 44-year-old …

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RBI may maintain status quo on rates

Slowing inflation is likely to prompt the monetary policy committee (MPC) of the Reserve Bank of India (RBI) to hold the key policy rate or the repo rate in the fifth bimonthly monetary policy review of 2018-19 scheduled for Wednesday.The retail inflation rate — the yardstick used by the RBI …

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Export dip, polls behind slowdown

While much of the slowdown in economic growth in the second quarter can be attributed to systemic and structural issues such as a base effect and the impact of rising oil prices, the impact of election season and the corresponding uncertainty on investment sentiment cannot be ruled out, according to …

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Putin briefs Trump on Ukraine crisis

Russian President Vladimir Putin said on Saturday that he briefed his U.S. counterpart Donald Trump on the Ukraine crisis as he came under pressure over Moscow’s robust foreign policy at the G20 summit in Argentina.Mr. Putin said he explained Moscow’s position to Mr. Trump when the leaders met briefly at …

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