Cabinet has approved the appointment of the following persons to the Board of Petrojam.The new Board would be:Mr. Paul Hoo, Former Chairman of Supreme Ventures LimitedMs. Rosie Pilner, Former Vice President, Scotia BankMr. Wayne Powell, Former Vice President, Scotia BankCabinet last night discussed the issues regarding Petrojam that are of concern in the public domain.The Cabinet has directed the Cabinet Secretary to task the Permanent Secretary in the Ministry of Science, Energy and Technology to prepare a report on the operations of Petrojam with specific attention to various allegations in the public domain.The report is to be ready for the next meeting of Cabinet where it is expected that the Permanent Secretary and the senior management team of Petrojam will attend and present the report.
Chandigarh: Punjab Chief Minister Amarinder Singh will take stock of the ongoing work on the Kartarpur corridor project at Dera Baba Nanak in Gurdaspur district on Thursday, a state minister said on Wednesday. The Kartarpur corridor will connect Darbar Sahib — the final resting place of Guru Nanak Dev — in Pakistan’s Kartarpur with Dera Baba Nanak shrine in Gurdaspur district of Punjab. It will facilitate visa-free movement of Indian pilgrims, who will have to just obtain a permit to visit Kartarpur Sahib, which is located in Pakistan’s Narowal district across the Ravi river, about four kilometres from the Dera Baba Nanak shrine. Also Read – Uddhav bats for ‘Sena CM’ “CM sahib will inspect the ongoing work being carried out by NHAI and Land Port Authority of India at Dera Baba Nank tomorrow (Thursday),” Punjab Jails Minister Sukhjinder Singh Randhawa said. Pakistan is building the corridor from the Indian border to the Gurdwara Darbar Sahib in Kartarpur, while the other part from Dera Baba Nanak in Gurdaspur up to the border is being built by India. The four-lane highway connecting the Zero Point of the Kartarpur corridor up to National Highway-354 is being constructed by the National Highways Authority of India (NHAI). Besides, a passenger terminal is also under construction. Also Read – Farooq demands unconditional release of all detainees in J&K The corridor will be opened in November in connection with the 550th birth anniversary of Guru Nanak Dev. Randhawa further said the Punjab Cabinet will hold its next meeting at Dera Baba Nanak town in Gurdaspur. Earlier, the counsel of ministers had held its meeting at Sultanpur Lodhi in Kapurthala district. The minister said he will discuss the issue of proceedings of Tuesday’s Shiromani Gurdwara Parbandhak Committee coordination panel meeting with the chief minister. Randhawa had on Tuesday attended the meeting of coordination panel for the first time as representative of the state government in connection with the 550th birth anniversary celebrations of Guru Nanak Dev in Amritsar.
San Francisco: In a bid to tackle climate change, tech giant Amazon’s CEO Jeff Bezos and Global Optimism have announced ‘The Climate Pledge’ which is essentially a commitment to meet the goals of the Paris Climate Agreement 10 years early. The Paris Agreement is an agreement within the UN Framework Convention on Climate Change (UNFCCC), dealing with greenhouse-gas-emissions mitigation, adaptation and finance, signed in 2016. ‘The Climate Pledge’ calls on signatories to be net-zero carbon across their businesses by 2040, a decade ahead of the Paris Accord’s goal of 2050. Also Read – Swiggy now in 500 Indian cities, targets 100 more this year “We’re done being in the middle of the herd on this issue, we’ve decided to use our size and scale to make a difference,” Bezos said in a statement. By joining ‘The Climate Pledge’ and agreeing to decarbonise on a faster time horizon, signatories will play a critical role in stimulating investment in the development of low carbon products and services that will be required to help companies meet the pledge. “If a company with as much physical infrastructure as Amazon, which delivers more than 10 billion items a year, can meet the Paris Agreement 10 years early, then any company can. I’ve been talking with other CEOs of global companies and I’m finding a lot of interest in joining the pledge,” Bezos added. Two years ago, Amazon made a long-term commitment to power its global infrastructure with 100 per cent renewable energy. The firm is now pledging to reach 80 per cent renewable energy by 2024 and 100 per cent renewable energy by 2030 on its path to net-zero carbon by 2040.
Mumbai: The Indian rupee appreciated by 12 paise to 70.75 against the US dollar in early trade on Tuesday as easing crude prices strengthened investor sentiments. At the interbank foreign exchange the rupee opened at 70.75, registering a rise of 12 paise over its previous close. On Monday, rupee had settled for the day at 70.87 against the US dollar. The domestic unit however could not hold on to the gains and was trading at 70.77 against the dollar at 0959 hrs. Also Read – Commercial vehicle sales to remain subdued in current fiscal: Icra Forex traders said investors were optimistic about the US-China trade talks in October. However, weak opening in domestic equities weighed on the local unit. Domestic bourses opened on a cautious note on Tuesday with benchmark indices Sensex trading 113.23 points lower at 38,554.10 and Nifty down 20.70 points at 11,453.75. The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose by 0.11 per cent to 99.48. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 days Market participants, however, said sustained foreign fund outflows weighed on local currency. Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out Rs 469.40 crore on Monday, according to provisional exchange data. Brent crude futures, the global oil benchmark, fell 1.83 per cent to trade at USD 60.78 per barrel. The 10-year government bond yield was at 6.70 per cent in morning trade.