Citizens' Issues
530 non-executive director posts vacant in state-run units
As many as 530 posts of non-official directors are vacant in 182 scheduled central public sector enterprises (CPSEs) across the country, parliament was informed on Tuesday.
 
"In 182 scheduled CPSEs, there are around 530 vacant positions of non-official directors," Minister of State for Public Enterprises G.M. Siddheshwara told the Lok Sabha in a written reply.
 
The minister had informed the Rajya Sabha last week that the union government has approved a plan of revival of 46 ailing public sector undertakings, envisaging a total assistance of Rs.40,885 crore.
 
As per the Public Enterprises Survey 2013-14, 71 CPSEs incurred loss during that fiscal.

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Internet failure leads to fuel crisis in Tripura
Internet connectivity failure has led to a transport fuel crisis in Tripura for the past five days, forcing the state government to seek intervention of Petroleum and Natural Gas Minister Dharmendra Pradhan.
 
"Hundreds of oil tankers from Guwahati have been stranded in IOCL (Indian Oil Corporation Limited) depot in Dharmanagar, the entry point to Tripura by road from Assam," a Tripura food department official said.
 
"As the internet connectivity is down, the IOCL officials are unable to get clearances online from their authorities in Guwahati," the official said.
 
"In absence of clearances from the IOCL authorities, the hundreds of oil tankers, carrying petrol and diesel, are unable to move to different parts of Tripura including capital city Agartala, 200 km from Dharmanagar," he said.
 
Tripura Food and Civil Supplies Minister Bhanulal Saha in an urgent letter to Petroleum and Natural Gas Minister Dharmendra Pradhan requested him to intervene in the matter and resolve the problem.

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Nifty, Sensex looking weak – Tuesday closing report
A close below 8450 will pull the market down sharply
 
We had mentioned in Monday’s closing report that a close below 8,500 on NSE’s CNX Nifty may lead to a strong decline. The 50-stock index opened marginally higher but made a quick move into the negative. It stayed in the red for almost the entire session. The Nifty broke the 8,500 support but recovered and closed marginally in the red.
 
 
The S&P BSE Sensex, which opened at 28,225.04 points, closed at 28,071.93 points -- down 115.13 points or 0.41% from the previous day's close at 28,187.06 points.
 
The Reserve Bank of India (RBI), in its third monetary policy review, kept the repurchase rate, or its short-term lending rate, unchanged at 7.25%. Accordingly, the reverse repo rate, or the short-term borrowing rate, was unchanged at 6.25%. The cash reserve ratio (CRR), or the liquid money banks have to compulsorily hold, stood unchanged at 4%.
 
The decision to maintain the status-quo disappointed investors, as a general consensus had appeared that showed that the current review might be the last chance that RBI had to cut rates in this calendar year.
 
Markets are doubtful over the RBI's ability for a future easing of the monetary policy in the hindsight that inflation might spiral up again and the US Fed's decision on its own rates is coming up in September.
 
Sector-wise, healthy buying was observed in metal, automobile and banking stocks. However, consumer durables, oil and gas, information technology (IT), capital goods and technology, entertainment and media (TECK) sectors came under selling pressure. 
 
The S&P BSE metal index zoomed by 230.82 points, the automobile index rose 193.07 points and the banking index went up 103.12 points.
 
The S&P BSE consumer durables index declined by 86.33 points, followed by the oil and gas index which receded by 68.23 points, IT index decreased by 65.22 points, capital goods index fell by 64.39 points and the TECK index was lower by 40.25 points.
 
Major Sensex gainers during Tuesday's trade were Tata Steel, up 3.39% at Rs.256.40; Hindalco Inds, up 3.36% at Rs.109.30; Coal India, up 2.82% at Rs.442.85; State Bank of India (SBI), up 2.54% at Rs.288.20; and Mahindra and Mahindra (M&M), up 2.18% at Rs.1,362.85.
 
The major Sensex losers were Hero MotoCorp, down 2.73% at Rs.2,624.25; Gail, down 2.53% at Rs.345.10, ONGC, down 2.40% at Rs.266.90; Wipro, down 2.16% at Rs.558.20; and Tata Motors, down 1.85% at Rs.380.95.
 
The top gainers and losers in the major indices are given in the table below:
 
 
Among the Asian markets, Japan's Nikkei was down 0.14% and Hong Kong's Hang Seng inched down by 0.02%. China's Shanghai Composite Index was higher by 3.69%. European markets are trading down and US pre-market futures is weak.
 

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