Petrol bunks to observe bandh in city on October 13

The strike call by petroleum dealers is headed for a showdown with the oil marketing companies on Tuesday threatening that Essential Commodity Act (ECA) will apply in case of disruption of services due to the strike.

The Goa Petrol Pump Owners Association (GPPOA) has chose to join the nationwide protest call given by United Petroleum Front on October 13 but has said "emergency services would be spared from the strike". The three OMCs- IOC, BPCL and HPCL have nearly 54,000 dealerships, out of which 1,000 are company-owned, company-operated ones, which will remain open if the strike takes place.

According to the OMCs, till recently the vending machines at the petrol pumps were sealed by Weights & Measure Department (W&MD) on finding of any discrepancies. As per the new guidelines, if they do not maintain toilets in every retail outlets, if they do not deliver the right quantity of petrol to the customers, if they do not pay their employees as per the labour laws, if they do not adopt automation etc, the companies plan to penalise the retail outlets. If our demands are not met, we will resort to indefinite protest from October 27. Fuel dealers have called a nationwide strike to oppose the amendment in the Marketing Discipline Guidelines (MDG) 2012. Oil companies never criticised the dealers or the union openly but with changing time this had to be done, he added.

As per reports by PTI, oil marketing directors of the three state-run OMCs namely IOC, BPCL and HPCL rebutted dealers' allegations point-by-point, and said in the last 11 months, their commission was hiked thrice, latest hike being on August 1.

Like this


11 October 2017
Maharashtra, Gujarat & Himachal cut Value-Added Tax on fuel
The effective price of petrol in Gujarat from midnight Tuesday will be Rs 66.53 per litre and that of diesel Rs 60.77 per litre. Looking at the backlash over high petrol prices however, the Centre has slashed tax on petrol by Rs 1.17 per litre.

11 October 2017
L'Elysée évoque un dialogue "constructif" entre Macron et Apple — Marché
Tim Cook a aussi remercié l'entreprise: " Bravo, c'est génial ce que vous avez fait pour nous! ". Mais c'est bien à sa demande que le big boss de la firme à la pomme a été reçu à l'Elysée.

11 October 2017
BlackRock Floating Rate Income (NYSE:BGT) Experiences Lighter than Usual Trading Volume
The Trust?s investment objective is to provide monthly income that is exempt from regular federal and California income tax. Northwestern Mutual Wealth Com owns 0% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 5,500 shares.

11 October 2017
Microsoft has finally admitted it: Windows 10 Mobile is officially dead!
Microsoft has incurred losses from their Windows Phone app store, due to developers backing out from potential software projects. It is also worth noting that Microsoft has no longer released new contents for Windows 10 mobile devices for nearly a year.

11 October 2017
Spy vs spy vs spy as Israel watches Russian hackers
Israeli intelligence had hacked into the Kaspersky network and upon detecting the Russian intrusion, alerted the United States. Until this is resolved, it's pretty hard to justify leaving Kaspersky software on any computer.

11 October 2017
Couple Staying at Airbnb Find Hidden Camera in Bedroom
They arrested the homeowner, but now they want to find people who stayed at that unit because there are more victims out there. He was booked into the Manatee County jail on September 29 and was released on bond, according to jail records.

11 October 2017
GlaxoSmithKline plc (GSK) Shares Down 0.5%
The shares were bought at an average price of GBX 1,599 ($21.02) per share, with a total value of £36,249.33 ($47,658.86). GlaxoSmithKline plc on 6/29/2017 reported its EPS as $0.85 with the analysts projecting the EPS of the stock as $0.74.

11 October 2017
Financial Indicators and Analyst Sentiment for Enterprise Products Partners LP (NYSE:EPD)
First Financial Corp IN increased its position in shares of Enterprise Products Partners 11.1% during the second quarter. The Company's programs include approximately three cancer drugs, binimetinib, encorafenib and selumetinib.

11 October 2017
Deutsche Bank AG Initiates Coverage on Halliburton Company
They expect this year's earnings to fall -5700% year-over-year to $1.12, followed by 88.39% growth in the next year to $2.11. National Bank Canada downgraded Gildan Activewear Inc (USA) (NYSE:GIL) on Friday, August 4 to "Sector Perform" rating.

11 October 2017
Mother realizes next morning toddler was left at corn maze
Tuesday after noticing that her son was missing. "At 7:42 a.m. today, the mother woke up and noticed he was missing". WFLA reports the child and mother were reunited and police are investigating the circumstances behind the incident.