India and the US on Tuesday zeroed in on energy business as a key means to bridge bilateral trade deficit as government data showed oil and gas shipments worth $6.4 billion emerged as the top import item from America in the nine months of 2019-20 financial year.
The leaders today have declared energy as one of the four most important pillars of bilateral strategic engagement. India-US strategic energy partnership has been further energised with more emphasis on technology, innovation and capital infusion,” oil minister Dharmendra Pradhan tweeted.
Mr Satendra Kumar Gomasta took over as Director technical of Coal India’s exploration arm Central Mine Planning & Design Institute (CMPDIL) on February 26, 2020. Prior to this, he served as general manager, Mining, at another Coal India subsidiary Northern Coalfields Limited in Singrauli.
The Department for Promotion of Industry and Internal Trade (DPIIT) amended the Consolidated Foreign Direct Investment Policy 2017 to allow 100% foreign direct investment (FDI) in insurance intermediaries through the automatic route. Till now FDI up to 49% was allowed in insurance intermediaries through the automatic route.
India’s federal government will encourage inefficient state power utilities to seek privatisation and other institutional reforms to turn around money-losing operations and ensure reliable supplies to consumers, according to the top bureaucrat in the federal power ministry.
India has been increasingly advocating privatisation of ailing distribution companies as government efforts since 2015 to revive the utilities failed to turn around the firms, known as DISCOMS.