India’s crude oil production slips 5 pc in Nov
New Delhi: India’s crude oil production fell by 5 per cent in November primarily due to a sharp drop in output at Rajasthan oilfields operated by private sector Cairn Vedanta, government data showed on Tuesday. India is dependent on imports for 85 per cent of its needs and the government is pushing domestic explorers to raise output to help cut down imports.
MoU Signed between HUDCO and MoHUA
HUDCO has signed a Memorandum of Understanding (MoU) with the Ministry of Housing and Urban Affairs (MoHUA) for setting key targets for the financial year 2020-21. The MoU was signed between Sh. Durga Shanker Mishra, Secretary, MoHUA and Sh. Kamran Rizvi, Chairman and Managing Director, HUDCO in the presence of Sh. M. Nagaraj, Director (Corporate Planning) and Sh. D. Guhan, Director (Finance).
NORTHERN RAILWAY GM HOLDS REVIEW MEETING
New Delhi: shutosh Gangal, General Manager Northern Railway held a review meeting with the departmental heads of Northern Railway through video conferencing. The focus of the meeting was on safety on tracks and yards, winter arrangements during upcoming foggy weather, Business Development and Freight loading. He informed that Northern Railway has achieved 42.62 million tones freight loading as against 34.4 million tones of last year which is 23.7% higher than of same period of previous year. ( April to 15 December,2020). The Northern Railway maintain good record of punctuality at 95.3%.
Institute of Indian Foundrymen appeals Govt to cut import duty on Pig Iron, Metal Scraps
Mumbai: The Institute of Indian Foundrymen (IIF) has requested the Government to suspend export of iron ore and reduce the import duty on pig iron and metal scraps till the prices of pig iron and other steel products stabilise to May/June 2020 level. IIF president Vijay S Beriwal said, “In order to support cost competitiveness, the raw materials and key inputs need to be made available at competitive prices as the cost of materials are about 60-65% and the cost of power is 15%-20% at the cost of manufacturing.”
Dhoop sticks, agarbatti ready for trendy makeover
Mumbai: Dhoop sticks or dhoop cone or dhoop has always been an integral part of Indian culture. Zed Black brand, Mysore Deep Perfumery House, has witnessed a new trend of the modern generation going in for unconventional fragrance like pineapple. Ankit Agrawal, director, Mysore Deep Perfumery House, said, "Innovation in fragrances has always been our prime focus, for instance our Zed Black Fresh Pineapple variant of agarbatti is one of the bestseller products in the south and eastern India markets.”
Only 3 more UK-India flights to arrive before ops ban
New Delhi: Only three flights from UK to India are expected to arrive at national capital’s IGI Airport before all operations to the European country is banned till December 31. Accordingly, Virgin Atlantic’s flight — VS302 — with over 240 passengers is scheduled to arrive at IGI Airport around 11.15 p.m. on Tuesday. "The Indian authorities have advised that from 22nd December they will deny entry to passengers travelling from the United Kingdom. This is a temporary measure which the authorities will review on 31st December," the airline said in a statement.