Reliance Industries to Restart Petrol Pump Network by March Next Year

Reliance Industries plans to
fully resume its petrol pump network by
March next year as government ending
diesel subsidies have given it a level-
playing field to compete with state-
owned retailers.
“Reliance plans to re-commission the
entire network of 1,400 outlets by the
end of FY 2015-16. As on March 31,
2015, over 300 outlets are operational,”
the company said in its latest annual
report.
The firm had ventured into selling petrol
and diesel through a network of nearly
1,400 petrol pumps in 2006, but had to
shut operations as it wasn’t getting
subsidies extended to state-run
operators.

Bihar to get roads worth Rs 50,000 crore: Nitin Gadkari

PATNA: In a big-ticket pre-poll
announcement aimed at wooing voters in
Bihar, Union Minister for Road Transport
and Highways Nitin Gadkari today
announced that the state will get roads
worth Rs 50,000 crore and the work will
be started this year itself.
“Bihar will get roads worth Rs 50,000
crore. The work will be started this year
itself. There is no dearth of money in my
ministry. The only thing needed for such
projects is will power and a vision for
development,” Gadkari said.
The Union Minister also said that a water-
port will be constructed along the Ganga
in Patna to connect it with Kolkata via
water way by next year. He added that
small planes that could land on water
would also be brought.
“Once this water-port is ready, trains will
not be necessary for going to Kolkata
from here (Patna). People can easily
travel on the Ganga to reach there,” he
added.
Gadkari was speaking at a function
organised here by NDA constituents – BJP,
Lok Janshakti Party and Rashtriya Lok
Samta Party (RLSP) – to mark the
completion of one year of Prime Minister
Narendra Modi’s government at the
Centre.
The Union Minister also said that his
Ministry will open “Driving Training
Centres” in all assembly constituencies
across the country, including Bihar.
“People will learn driving at these centres.
The test of their driving skill will not be
taken by DTO but by computers. They will
have to take the test again if they fail,” he
said.
Gadkari said the Driving Training Centres
will cut down issue of bogus licenses
where people get them without even
visiting the District Transport Officers
(DTO).
“Over 30 per cent licenses in the country
are bogus ones. Five lakh accidents
happen in India every year…1.5 lakh
people die in accidents and three lakh are
injured,” he said and added that such
centres have been opened in Maharashtra
and West Bengal but Bihar did not show
any interest in them.
In another major announcement, the Union
Minister revealed that there is a plan to
open “50,000 institutions in the country
which will provide various facilities like
fitness certificates and pollution
certificates to vehicles”.
“Each of these institutions will provide
jobs to 50 youths, thereby giving
employment to 2.5 lakh persons in the
country,” he added.
He also said that his ministry has plans to
provide electric rickshaws and battery-
operated buses across the country to cut
down on environmental pollution. He also
said efforts are on to encourage farmers
to produce bio-diesel and ethanol for this
purpose.
Speaking on the occasion, Gadkari, who
has held various charges previously,
including the post of National President of
the BJP, defended the Land Acquisition
Bill moved by the Centre and asserted
with a “promise” that not an inch of land
will be acquired for industrial and
corporate houses.
He said the clause of 80 per cent consent
of people while acquiring land has been
removed only for projects related to rural
infrastructure like dams, irrigation
projects, industrial corridor, defence
installations and affordable housing.
Poking fun at the opposition to the land
acquisition bill by various non-NDA
parties, Gadkari said, “Congress President
Sonia Gandhi is worried about the
employment of Rahul Gandhi, RJD Chief
Lalu Prasad is worried about the jobs of
his sons and daughters, while Prime
Minister Narendra Modi is worried about
the unemployment of crores of people of
India.”
Gadkari also asked the people to vote
“NDA government to power” in the
forthcoming Bihar elections as it has
“powerful engines like Sushil Kumar Modi,
Ram Vilas Paswan and Upendra
Kushwaha”, who will ensure the
development of the state.
Speaking on the occasion senior BJP
leader and former Deputy Chief Minister
Sushil Kumar Modi lauded the way the
central government has tamed inflation
and made it a non-issue for opposition
parties.
Sushil Modi also exhorted the people of
the state “to rise above caste and religion
to bring in an NDA government in Bihar as
Sonia Gandhi, Nitish Kumar and Lalu
Prasad failed in their chance to develop
the state”.
Leader of Opposition in Bihar Assembly
Nand Kishore Yadav, Bihar BJP President
Mangal Pandey, LJP leader and Jamui MP
Chirag Paswan, RLSP leader Arun Kumar
and several other leaders from all the
three parties also spoke on the occasion.

Basic investing tips for investor in share market

1.Start investing now
Don’t wait. The sooner you start to invest,
the better. Time is an investor’s best
friend, because it gives compounding time
to work its magic. The earlier you start the
less you have to invest to reach your
goal.
2. Invest regularly
Investing is not a once-off thing, it is
something that you continue doing
throughout your life.
3. Don’t borrow to invest
This should be logical, but many people
fall into this trap. Also remember to only
invest what you can afford to lose .
4. You’re buying a company, not just
shares
A share performance is dependent on the
company, which in turn is dependent on
the environment in which it operates. This
includes its industry, the general
economy, politics, its customers, etc.
5. Buy shares in a company making a
profit
If you buy a share in a company not
making a profit, you are not investing, you
are running a risk.
6. Diversify your share portfolio
Spread your investment across different
companies and over different sectors. The
biggest risk in investing is putting all your
eggs in one basket. The easiest way to
diversify share investments is through
exchange traded funds (ETF).
7. Don’t buy on hot tips
Do not buy into companies unless you
have done your homework first.
8. Don’t try to predict market moves
Trying to predict the direction of the
market is difficult, even experts are not
always accurate.
9. Buy and Hold for the long term
Continue to monitor your shares during
this period, but consider selling your
shares if general economics have
changed or if the value of your shares is
not appreciating.
10. Be Patient!
Investing for the long term will let you
ride out the unavoidable ups and downs
of the market.

Big development push for Chhattisgarh: MoUs worth Rs 24,000 cr signed during PM Narendra Modi’s visit

Big development push for Chhattisgarh:
MoUs worth Rs 24,000 cr signed during
PM Narendra Modi’s visit

From railway lines to steel plants and
pipelines, the MoUs are meant to enhance
development of the state and for regions
hit by Naxal menace.

NEW DELHI: In a big push for
infrastructure development in
Chhattisgarh, MoUs worth Rs 24,000 crore
were signed at Dantewada in the presence
of Prime Minister Narendra Modi on
Saturday.
From railway lines to steel plants and
pipelines, the MoUs are meant to enhance
development of the state. Here is a list of
the MoUs that were signed:
1) MoU between Government of
Chhattisgarh, NMDC, IRCON and SAIL for
140 km rail line between Rowghat and
Jagdalpur. Estimated project cost: Rs
2,000 crore.
2) MoU between Ministry of Steel,
Government of Chhattisgarh, SAIL and
NMDC for 3 million ton Ultra Mega Steel
Plant with an investment of approximately
Rs 18,000 crore.
3) MoU between Government of
Chhattisgarh and NMDC for Slurry Pipeline
and 2MTPA Pellet Plant at Nagarnar in
Bastar District with an investment of Rs
4,000 crore.
4) MoU between Government of
Chhattisgarh and SAIL for setting up
1MTPA Pellet Plant at Dalli-Rajhara, Balod
District with an investment of Rs 826
crore.
The 140-km rail link, to be constructed at
a cost of Rs 24,000 crore, will connect
Bastar region with important cities of the
state like Raipur, Bilaspur and Durg. The
rail link will also help in easy and cheaper
transportation of iron ore for industries.
Over 10,000 people in the region are
expected to get direct and indirect
employment opportunities through the
ultra-mega steel plant project.

RIL-BP to Triple Gas Output from KG-D6 by 2021-22

RIL-BP to Triple Gas Output
from KG-D6 by 2021-22

New Delhi : Reliance Industries and its
partner BP plc will nearly triple natural
gas production from their eastern offshor
KG-D6 block by 2021-22 in anticipation
a ‘right’ gas price covering their
exploration risk.
KG-D6 block, which produced an averag
of 11.5 million standard cubic meters p
day of gas in January-March quarter, will
see output rise to 30-35 mmscmd by
2021-22, according to a presentation RI
BP gave at a meeting in Prime Minister’s
Office (PMO) last week.
The output rise will come from R-series,
4-satellite and other satellite fields and
MJ-1 fields, they told the meeting which
was attended by Principal Secretary to
Prime Minister Nripendra Misra and
Cabinet Secretary Ajit Seth.
The meeting called to review exploration
issues and review gas production plans,
was also attended by Finance Secretary
Rajiv Mehrishi, Chief Economic Adviser
Arvind Subramanian, NITI Aayog membe
Bibek Debroy and officials from the
ministries of oil and coal.

India home to 56 of the world’s 2000 powerful companies: Forbes

India home to 56 of the world’s 2000
powerful companies: Forbes
Mukesh Ambani-led Reliance Industries
leads the pack of 56 Indian companies in
the 2015 Forbes ‘Global 2000’
Mukesh Ambani-led Reliance Industries
leads the pack of 56 Indian companies in
the 2015 Forbes ‘Global 2000’ list.
(Reuters)
India is home to 56 of the world’s 2000
largest and most powerful public
companies, according to the Forbes’s
annual list which is topped by the US with
its share of 579 companies.
Mukesh Ambani-led Reliance Industries
leads the pack of 56 Indian companies in
the 2015 Forbes ‘Global 2000′ list.
The list gives a snapshot of the world’s
largest companies, and shows the
dominance of the US and China in the
current global business landscape.
The two countries split the top 10 spots
for a second year in a row.
Forbes said that for the first time, China’s
four biggest banks own the top four spots
and the South Asian giant is home to 232
of the world’s largest companies, adding
more spots than any other country in the
world and surpassing Japan for the first
time.
With 218 companies, Japan slid to the
third spot.
India has added two companies to its last
year’s tally.
Reliance Industries is ranked 142 on the
list, down from last year’s 135th spot,
with a market value of 42.9 billion dollars
and 71.7 billion dollars in sales.
Reliance is followed by State Bank of
India which is ranked 152 and has a 33
billion dollars market value.
The other Indian companies on the list
are Oil and Natural Gas ranked 183, Tata
Motors (263), ICICI Bank (283), Indian Oil
(349), HDFC Bank (376), NTPC (431), Tata
Consultancy Services (485), Bharti Airtel
(506), Axis Bank (558), Infosys (672),
Bharat Petroleum (757), Wipro (811),Â
Tata Steel (903) and Adani Enterprises
(944).
This year’s Global 2000 companies hail
from 61 countries and account for
combined revenues of USD 39 trillion,
profits of USD 3 trillion, with assets worth
USD 162 trillion, and a market value of
USD 48 trillion.
The total market value of Global 2000
companies, owing to a bull market, grew 9
per cent year-over-year, Forbes said.
The United Kingdom kept its fourth place
with 95 companies.
Europe overall lost 20 spots to finish with
486 companies this year, falling further
behind Asia (691) and North America
(645) in continental rankings.
France fell out of the top 5 countries,
ceding its spot to South Korea while
Argentina and Cyprus made their debut on
the list this year.
There are 200Â newcomers to this year’s
list including some household names like
travel company Expedia and luxury jewelry
retailer Tiffany.
Forbes said the most notable gainers on
the list include Facebook, which jumped
more than 200 ranks this year thanks to
rising revenue and profits.
With 121 spots, construction overtook
utilities as the third leading industry this
year, in part thanks to the more upbeat
global economic outlook, Forbes said.

Indians least prepared for retirement , bank on children : study

Indians are least prepared for retirement among major economies and a large number brandishes the explanation that their children would take care if them in their sunset years .
           India is as yet relatively a country of young people with a median age of 30 years and those older than 60 years constitute about 12 crore of 125 crore plus population. Yet . this number is poised to grow 37 crore by 2050. Significantly even though the cost of living and medical ex-expenses continue to raise the average percentage of per capita retirement and pension assets as a percentage of the GDP is lowest among the world at 15 per cent. Other countries in comparison Brazil 41:percent Australia 146 ,US 79,  Germany 21

India’s per capita retirement & pension assets lowest in world

               India’s per capita retirement and pension
assets as a percentage of GDP is among
the lowest in the world, according to
survey report by Reliance Capital Asset
Management
MUMBAI: India’s per capita retirement and
pension assets as a percentage of GDP is
among the lowest in the world, according
to survey report by Reliance Capital Asset
Management.
India has 15.1 per cent of retirement
assets as a percentage of GDP, when
compared to 21 per cent in Germany, 41
per cent in Brazil, 78.9 per cent in USA
and 146 per cent in Australia, the first
retirement survey by RCAM, which is a
part of Reliance Capital, said today.
The survey was conducted online pan-
India in collaboration with IMRB
International.
“India is a young country with the median
age of its population under 30 years. We
have around 100 million people today
above the age of 60 years, which is
expected to triple to 300 million by 2050.
“This will pose a huge economic
challenge for the country if we do not
plan for providing right retirement options
today,” RCAM Deputy Chief Executive
Officer Himanshu Vyapak said in a
statement.
“With this study, we have made an attempt
to understand the mindset of the
consumer towards retirement planning,”
he said.
“India’s per capita retirement and pension
assets as a percentage of GDP are
amongst the lowest in the world,” he
added.
The online survey reveals that retirement
planning is the most important financial
goal for respondents, ahead of other
goals, including buying a house,
education of children and marriage. The
retirement planning goal is the most
important for the 30-40 and 41-55 age
groups.
The most important reason for consumers
to buy a retirement plan are “enjoying
retired life” and “taking care of family”.
States like UP have expressed greater
concern towards rising costs on account
of inflation and would like their retirement
returns to beat inflation, the study said.
The survey reveals that majority of the
respondents prefer to invest in retirement
plans between the ages of 30-40 years.
More than 60 per cent of the respondents
said they would like to start saving for
retirement before they reach 40.

NLC to invest Rs 500 crore in renewable energy

NLC to invest Rs 500 crore in renewable
energy

As part of its entry into green energy
generation, lignite-based power producer
Neyveli Lignite Corporation has lined up
renewable energy projects worth Rs 500
crore to set up wind and solar energy
projects of 80 Mw.
The company board has approved setting
up a 25-Mw solar power project at Neyveli
in Tamil Nadu.
Advertisement
Of the 25 Mw, 10 Mw would be installed
in about 54 acres in phase-one and
another 15 Mw on expansion during
phase-two, said the navratna company.
The contract for setting up the 10-Mw
solar power project, at Rs 74.60 crore,
has been awarded to Bharat Heavy
Electricals Ltd (BHEL), Chennai. This
includes operation & maintenance for
three years after the warranty period. The
project is scheduled to be completed
within 9 months from the date of LOA.
A proposal to set up a solar power plant
of 10 MW capacity at Barsingsar,
Rajasthan at an estimated cost of Rs
92.83 crore is also under consideration,
according to company’s Annual Report
2013-14.
Neyveli has also obtained approval for
setting up a 51 MW wind power project at
Kazhuneerkulam, Tirunelveli district at an
aggregate cost of Rs 347.14 crore.
The company said that both the renewable
projects have been notified for prior
consideration of CDM to United Nations
Framework Convention on Climate Change
(UNFCCC).