Nepal ends petroleum imports ban on private sector
Kathmandu: Nepal has opened petroleum imports to private sector, ending decades of monopoly by state- owned Nepal Oil Corporation upon the sector.
"The private sector is now at par with the state-owned corporation. Both of them have been equally authorized to import oil and involved in refining businesses," said Dipak Subedi, Joint Secretary at the Ministry of Commerce and Supplies today. The participation of private sector in the business became possible with the publication of ''Petroleum and Gas Transaction Regulatory Order 2013'' published in Nepal Gazette on Monday.
"With the new law in place, we expect easy supply of fuel and benefit to consumers at a time when we are often exposed to fuel shortage and a lot of problems created by it," said Subedi. As per the new arrangement, anyone with a paid-up capital of around 120 million US dollars can establish a petrol, diesel and kerosene importing and refining company, while anyone in possession of around 60 million US dollars can import and refine the petroleum gas.
Nepal Oil Corporation has been making huge losses and is in shambles due to poor management. The government last week provided a loan of around 12 million U.S. dollars to the corporation, so that it could pay dues to an exporting Indian company.
"We are also concerned about improving management of the corporation. For this, we are now conducting an Organization and Management Survey O &M, of the corporation," added Subedi
BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.
Date 23-02-14, Duration 1:43, Views 59060
Date 23-02-14 1:43
Tooltip Information:AAP's alliance with Cong. a suicide: BJPVideo by:Description: BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.Rating: 3.37Views: 59060
Date 15-09-14 1:06
Tooltip Information:Swedish PM Fredrik Reinfeldt to resign after losing to Left oppositionVideo by:Description: Sweden, Sep 15 (ANI): Swedish Prime Minister Fredrik Reinfeldt concedes his defeat after opposition center-left alliance, led by the Social Democratic Party, beat the incumbent center-right government in the 2014 parliamentary election. Reinfeldt is to resign on Monday after the defeat. He also told supporters in Stockholm late yesterday that he will also step down as leader of the conservative Moderate Party next year. According to Swedish Parliament website, the final election results are expected to come out on September 20 and the newly elected parliament will convene on September 29.Rating: 4.5Views: 105
Date 13-09-14 2:39
Tooltip Information:Bypolls: Voting begins for 3 Lok Sabha, 33 Assembly seatsVideo by:Description: Lucknow/ Moradabad/ Kolkatta/ Vadodra, Sept 13 (ANI): Polling for three Lok Sabha and 33 Assembly seats is currently underway across 10 states with the results crucial for both the ruling BJP-led NDA government as well as the opposition parties who are yet to recover from the massive defeat in the 2014 Lok Sabha elections. Voters began to queue up on Saturday at polling stations for the by-poll in Uttar Pradesh's one Lok Sabha and 11 assembly constituencies. Samajwadi Party and the Bharatiya Janata Party (BJP) are the main contenders in most of the assembly seats and the lone Lok Sabha seat.Voting is also underway for the Chowringhee and Basirhat (South) assembly constituencies in West Bengal.Voting for the Antagarh assembly constituency in Chhattisgarh also began today.Polling for Gujarat's one Lok Sabha and nine assembly by-polls is underway too.The Vadodara Lok Sabha seat was vacated by Prime Minister Narendra Modi after he was elected to the parliament from two places, including Varanasi in Uttar Pradesh.Voters queue up in Telangana too for polling.Rating: 4Views: 124
Date 12-09-14 5:13
Tooltip Information:Maharashtra, Haryana to go to polls on 15 Oct: ECVideo by:Description: New Delhi, Sep 12 (ANI): The Election Commission of India on Friday announced the election dates for the Maharashtra and Haryana assembly elections 2014. Talking to mediapersons in New Delhi, Chief Election Commissioner VS Sampath said, that polling would be held in Maharashtra and Haryana on 15 October. The results will be announced on 19 October. The Election Commission announced that the notification for the election in the two states will be issued on 20 September. The last date for candidates to file their nominations will be 27 September. The process of scrutiny will be conducted on 29 September and the last date for withdrawal of nominations will be 1 October.Rating: 4Views: 37
Date 13 hrs ago 3:50
Tooltip Information:Kashmir sets up special relief camps for flood victimsVideo by:Description: Kashmir has set up a special relief camp in the winter capital of Jammu for rescuees from flood ravaged valley, besides providing them with food and medical facilities, even as arrangements are being made to send the tourists back to their respective hometowns. The victims were rescued and flown to Jammu from where free bus and train services are being provided to take them back to their respective states. Most of the labourers were without basic needs for nearly 10 days and after being stationed at the relief camp in Jammu city, they were provided with free food and medical checkups. The authorities have also opened the route connecting Jammu city with the valley, via Kishtwar to Srinagar.Rating: 4Views: 0
Date 13 hrs ago 5:26
Tooltip Information:India cautiously optimistic ahead of Chinese President's maiden visitVideo by:Description: India is cautiously optimistic ahead of Chinese President Xi Jinping's visit that will seek to allay mutual suspicions and spur economic ties between the Asian giants, with hopes of high investment deals to narrow a yawning trade deficit. Xi Jinping will arrive in Gujarat on Wednesday when Prime Minister Narendra Modi will be marking his 64th birthday. New Delhi and Beijing have a complicated relationship marked by growing economic ties but also distrust, particularly over their unresolved territorial disputes. However, international relations experts like Srabani Roy Choudhury, say the bilateral growth cannot be driven by the two personalities alone as there is a significant trust deficit that needs to be overcome. Congress leader Shashi Tharoor, said the major business delegation accompanying Xi could pledge mega deals during the trip. However, another Congress leader Manish Tewari, questioned Beijing's intentions in the wake of recent reports of Chinese incursions on the disputed Himalyan border.Rating: 4Views: 1