New Delhi: State-owned Oil and Natural Gas Corp (ONGC) has warned that the COVID-19 pandemic will impact the speed of execution of its projects and the company is identifying opportunities for optimisation of capital and operating expenditure. While about 9 per cent of the company's natural gas output was impacted by inability of customers to take supplies due to the coronavirus lockdown, lower oil and gas prices had impacted its revenues, the company said. In a note on the material impact of COVID-19 pandemic submitted to stock exchanges, ONGC said operations and production have gone on uninterrupted during the nationwide lockdown imposed on March 25 to contain the spread of the coronavirus. Crude oil production was almost at the same level as before the COVID-19 outbreak but natural gas "output was down by 9 per cent on account of less demand and offtake by customers due to the lockdown," it said. However, with the easing of lockdown restrictions and gradual opening of industries, … [Read more...] about ONGC looking at optimising capex after COVID-19 impacts project execution
Funding for arts projects
BENGALURU: The Reserve Bank of India (RBI) will change its stance to 'neutral' next month and cut interest rates in June at the latest, according to a Reuters poll of economists pointing to an extraordinary U-turn in policy.Just a month ago, economists predicted rates would start rising next quarter. But they have flipped that outlook in the first survey taken since RBI Governor Urjit Patel's sudden resignation on December 10."The policy outlook has been muddied by the resignation of Urjit Patel. His replacement, Shaktikanta Das, will likely lend a sympathetic ear to the government's wishes to keep policy loose," said Shilan Shah, senior India economist at Capital Economics.Growth, while expected to cool compared with a survey three months ago, is still likely to remain stronger than in China, Asia's biggest economy.Uncertainty over the outcome of a national election in May is see as the main downside risk to Asia's third-largest economy.Over two-thirds of the 65 economists polled … [Read more...] about RBI making U-turn, seen shifting to neutral in February, cutting rates by mid-year
Mumbai lifestyle professionals Hemali Jain and Priyanka Khanna discussed the idea with their friends Tanisha Rahimtoola Agarwal, founder of Curato, a retail Web site, and celebrity stylist Sanjana Batra and decided to collaborate with 30 designers from across India to serve two goals -- to promote sustainable designs and to give back to society. … [Read more...] about Can a t-shirt really save the Earth?
“This is not a group but end-to-end encryption. Anybody can enrol, it’s free of cost and open for all. Please share with people who you think need some positivity in these times,” says Kannan B., the chapter’s treasurer. Each joke/speech/anecdote, which runs from 5 to 30 minutes, is carefully chosen so that it can be a laugh riot for all the family members. The chapter also has a Facebook page where clippings and photos of old programmes are being fed regularly. He says there is a request from members to meet virtually and the Club is exploring various options. … [Read more...] about How meetup groups are staying in touch through virtual platforms
Get it here. The Complete Book of Origami by Robert J Lang If you want to proceed from beginner to the expert level in the art of origami, this book by Robert J Lang will be right for you. Though it is a bit more expensive as compared to other popular options, the book is worth your money with over 1000 diagrams with step-by-step instructions to let you prepare origami craft easily. The book even has 37 original models that will quickly grab your attention and make you sit down for a couple of hours to do some origami craft. … [Read more...] about Origami books that can creatively keep both adults and kids busy