Oil & gas CPSEs may top IEBR capex target in FY25
Business Standard|December 23, 2024
More than 145 projects worth ₹100 crore and above under implementation
SUBHAYAN CHAKRABORTY
Oil & gas CPSEs may top IEBR capex target in FY25

Central public sector enterprises (CPSEs) in the oil and gas sector are set to exceed their annual internal and extra budgetary resources (IEBR) capital expenditure targets in FY25 for the fifth year in a row, according to officials.

In the first eight months of the financial year, CPSEs in the sector have completed 83 per cent or ₹97,667 crore of their ₹1.18-trillion capex target, Petroleum and Natural Gas Ministry officials said.

IEBR capex refers to the resources that are not part of the Budget, but are used by the government for spending.

Bu hikaye Business Standard dergisinin December 23, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Standard dergisinin December 23, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Global hunger crisis deepens as major nations skimp on aid
Business Standard

Global hunger crisis deepens as major nations skimp on aid

It's a simple but brutal equation: The number of people going hungry or otherwise struggling around the world is rising, while the amount of money the world's wealthiest nations are contributing toward helping them is dropping.

time-read
3 dak  |
December 25, 2024
Statesman who shaped India with his vision and resolve
Business Standard

Statesman who shaped India with his vision and resolve

Today, 25th December is a very special day for all of us. Our nation marks the 100th jayanti of our beloved former Prime Minister, Shri Atal Bihari Vajpayee Ji.

time-read
4 dak  |
December 25, 2024
Bhaker accepts 'lapse' on her part amid Khel Ratna row
Business Standard

Bhaker accepts 'lapse' on her part amid Khel Ratna row

Paris Olympics' double bronze-medallist Manu Bhaker on Tuesday admitted that \"there has been a lapse maybe on my part\" while filing nominations for this year's National Sports Awards amid a raging controversy over her exclusion from the list of Dhyan Chand Khel Ratna awardees.

time-read
1 min  |
December 25, 2024
Consumer fickleness on the rise as phygital shopping takes root
Business Standard

Consumer fickleness on the rise as phygital shopping takes root

Omnichannel shopping, or the phygital (physical and digital) experience, is gaining traction as the preferred way to shop among Indian consumers, who are increasingly forsaking physical stores. However, customer loyalty is becoming increasingly fickle, as consumers frequently switch brands and retailers.

time-read
2 dak  |
December 25, 2024
The charts Indian policymakers should worry about
Business Standard

The charts Indian policymakers should worry about

In a series of recent pieces, we have been arguing that the just-ended Reserve Bank of India (RBI) regime made a radical change in exchange rate policy, which reduced export competitiveness and rendered monetary policy inappropriate for a slowing economy.

time-read
5 dak  |
December 25, 2024
Business Standard

Manipur, Bihar, other states get new governors

Former Union Home Secretary Ajay Kumar Bhalla has been appointed the governor of strife-torn Manipur, ex-Army chief Vijay Kumar Singh is the new Mizoram governor while Kerala Governor Arif Mohammed Khan has been shifted to Bihar as part of gubernatorial appointments effected by President Droupadi Murmu on Tuesday.

time-read
1 min  |
December 25, 2024
BCs meet Irdai, seek consent to sell insurance products
Business Standard

BCs meet Irdai, seek consent to sell insurance products

The Business Correspondent Resource Council (BCRC) has made a pitch to the Insurance Regulatory and Development Authority of India (Irdai) that field agents be allowed to hawk insurance products.

time-read
1 min  |
December 25, 2024
Credit card spend falls 16% in Nov after festival high
Business Standard

Credit card spend falls 16% in Nov after festival high

Decline due to moderation in consumer spending; issuances come down

time-read
2 dak  |
December 25, 2024
Business Standard

Caramelised popcorn in theatres may stay in 5% slab

Single rate on sale of all old, used vehicles, including EVs

time-read
2 dak  |
December 25, 2024
Indo Farm Equipment listing to open for subscription on Dec 31
Business Standard

Indo Farm Equipment listing to open for subscription on Dec 31

Indo Farm Equipment on Tuesday fixed a price band of ₹204 to ₹215 per share for its initial share sale that opens for public subscription on December 31.

time-read
1 min  |
December 25, 2024