Coal India Likely To Buy Back Its Equity Shares
Coal India (CIL) one of the major Maharatna Company is preparing for a second buyback in two years. The PSU & Coal giant which holds 80% of domestic coal output has announced that they are likely to buy back its 1% of the paid up equity shares. CIL has informed to stock exchanges that a meeting of the company’s board of directors is scheduled on Monday, 04 Feb 2019, to consider and approve a buyback of its equity shares, having face value of Rs 10 each.
The first major Buyback of Coal India eventuated in 2017 of worth Rs. 2,638 Crores.
India Next To Buy 2 More AWACS
Finally, India is close to approved two more “Phalcon” airborne warning and control system (AWACS) aircraft deal from Israel which costs around Rs.5,700 crore, which comes soon after it inked a Rs 4,577 crore contract for air defence radars with the Jewish state.
The Cabinet Committee on Security (CCS) chaired by Mr. Prime Minister Narendra Modi has cleared the purchase of additional surveillance aircraft from the country.
Cabinet Minister Piyush Goyal Honored with Carnot Prize
Union Finance and Railway Minister Piyush Goyal to receive the prestigious US award Carnot Prize from the University of Pennsylvania. The prize is given for conspicuous contribution to energy policy adopted by the Union. According to the Kleinman Center for Energy Policy, the award is in recognition of the path-breaking transformations in India’s energy sector under the Modi government.
Carnot Prize is considered as one of the most prestigious awards in the energy sector. This prize is given annually for conspicuous contributions to energy policy through scholarship or practice.
Goa CM Presented annual budget in Goa Assembly
Goa CM Shri Manohar Parikar who also holds Ministry of Finance of the state today presented the annual budget of Rs. 19,548.69 crores for the year 2019-2020 representing an increase of 14.16 percent over last year. The overall budget indicated a revenue surplus which was estimated to be 455.10 crore rupees.
Shri Parikar said the government had laid stress and thrust on agriculture, education, health, information technology, employment, infrastructure and overall sustainable economic development of the state.
Uttarakhand's first tulip garden city
Uttarakhand's first tulip garden in Pithoragarh will come up over 50 hectares of forest land in district at a cost of Rs. 50 crores. The T.S. Rawat government has obtained the Center's nod for development of the garden.
The first tulip garden of India is located in Srinagar (J&K) & The proposed country's second tulip garden in Pithoragarh(Uttrakhand), state finance minister and Pithoragarh MLA Prakash Pant informed. It will be even larger than the one in Srinagar, Pant said.
India bags the Award of Excellence at NYTTS 2019
India honored with the Award of Excellence for ‘Best in Show’ at the New York Times Travel Show 2019. It is the largest travel show in North America, held from 25th to 27th January in New York, USA.
The Ministry of Tourism, Government of India had participated as the ‘ Presenting Partner’ in the New York Times Travel Show (NYTTS) 2019, organised at Jacob K Javits Centre, New York. The motive of this show was to maximise its tourism promotional efforts in the US, develop India’s visibility and to raise its share of US Outbound travel market.
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