Deepa Jainani

Articles By Deepa Jainani

337 Articles

13 companies express interest in setting up data centres in Noida with Rs 22,000-crore investment

In a report titled ‘2020 India Data Centre Market Update’, JLL has said NCR-Delhi is expected to emerge as a new data centre hotspot as demand from government departments and IT/ITeS are expected to drive further growth.

Apart from these, the state government has also received intents of investment from companies like Sify Technologies, CTRLS Data Centres, Web Works, RBDC Pte, Singapore, Brookfield Asset Management, Canada, Mantra Data Centres, Spain.

UP breaks previous wheat procurement record; 53.80 lakh MT wheat purchased so far

UP’s previous record wheat purchase was 52.92 lakh MT in 2018-19. Last year, around 31.03 lakh MT wheat was procured from the farmers in the same period (till June 14, 2020), while total procurement stood at 35.76 lakh MT.

The last date of procurement was initially set as June 15.

Uttar Pradesh’s revenue increases 42% YoY in May

According to the finance department data accessed by FE, the state mopped up Rs 8,272.55 crore as tax and non-tax revenue in May 2021, an increase of 42% from Rs 5,820 crore collected a year ago. However, this is just 52.7% o

The transport department’s collection of Rs 314.62 crore, though showing a threefold rise over May 2020’s collection of Rs 99.86 crore, is just 39.6% of the month’s target.

Solar body seeks Centre’s intervention in UP’s mishandling of tender

Seeking the minister’s intervention in directing the Uttar Pradesh government to retract the letter sent by UPNEDA to developers intimating them that the bids have turned infructuous, the letter seeks his office to direct t

Solar power, Solar energy

Solar auction: UP does an AP, denies bidder rights

Developers to move tribunal against state renewable agency's move, appeal to PM

In November 2020, a tariff of Rs 2/unit was discovered in Seci's solar auctions for Rajasthan.

UP’s sugar production touches 110 lakh tonne, cane dues mount to Rs 12,000 crore

Of the 120 sugar mills in operation, 110 have shut shop while the remaining 10 are likely to close by the end of the month or in early June.

The three UP sugar corporation mills have paid 49% of their dues and still owe Rs 197 crore.

Secured solar bids allowed to lapse in UP as tariffs found to be ‘significantly higher’

Talking to FE, NSEFI CEO Subrahmanyam Pulipaka said that the regulatory framework and stability in policy, or the way the decision process is streamlined when it comes to renewable energy or power in general, is completely di

Talking to FE, an official of the energy department said, on condition of anonymity that the bid has since expired.

UP discoms’ dues to state-run gencos reach staggering Rs 17,000 cr

Though the Centre’s liquidity infusion scheme under the Atmanirbhar Bharat package helped these discoms to bring down their dues to central public sector units (CPSUs) and independent power producers (IPPS) down from Rs 27,

Reserves for frequency support are of three types – primary, secondary and tertiary.

As Covid-19 marches into hinterland, UP sugar mills asked to help generate oxygen for community health centres

Speaking to FE, ACS Cane development and Excise, Sanjay Bhoosreddy said that every sugar mill has been asked to set up oxygen generators.

UP to float global tender for 4 crore vaccines

The decision was taken by the government’s core committee meeting to help the administration meet the demand for vaccines in the 18-44 age group that will be eligible for vaccination from May 1.

MSME minister and government spokesperson Sidharth Nath Singh told FE that the government will float a global tender for procuring 4 crore vaccines in a day or two.

Uttar Pradesh govt purchases 5.24 lakh tonne wheat in 22 days

This is about four times the procurement done in the year-ago period.

For the benefit of farmers, the government has started geo-tagging of all storage godowns and purchasing centers through remote sensing application centre.

UP’s own tax revenue in FY21 just 73% of BE, down 1.6% on year

The collections under VAT and GST heads fell short by 26.8% of the target during the fiscal. While the target was to collect 91,568 crore, the actual collections were Rs 67,057.39 crore. However, when compared to last year’

The state government’s earning from transport stood at Rs 5,905.95 crore in FY21, against its target of Rs 8,650 crore, a dip of 31.7%. When compared to 2019-20 collection of Rs 7,173.20 crore, the shortfall was 17.7%.

Maharashtra mills seeking transport subsidy amounts to protectionism, says UP sugar industry

“Not only will the sugar sale in UP suffer, the cane price payments to millions of farmers shall be jeopardised,” the letter said. A unilateral incentive or rebate will vitiate the market dynamics and major sugar-producin

The letter said it is also requesting the UP government to provide a similar rebate/ incentive to sugar mills in the state so that they can survive in the marketplace.

Uttar Pradesh to purchase wheat at MSP till farmers’ stocks last

Speaking to FE, Uttar Pradesh food commissioner Manish Chauhan said 6,000 procurement centres will be opened across the state by the Food Department and other purchasing agencies.

Speaking to FE, Uttar Pradesh food commissioner Manish Chauhan said 6,000 procurement centres will be opened across the state by the Food Department and other purchasing agencies.

Udan Pradesh! Aviation sector takes flight in UP; Kushinagar, Ayodhya, Jewar airports add to state’s major infra upgrade

With Kushinagar airport likely to start operations soon and Ayodhya and Jewar to follow, the state is looking at a major infrastructure upgrade

Construction work for the first phase of the project is in full swing, with services expected to start early next year.

Uttar Pradesh govt develops India’s first FPO portal

The farmers will be able to download the necessary documents required to form the organizations directly from the portal. It will contain all information on the FPOs, their key activities, organizational structure and produce

As a comparison, the average net income of large farmers is about Rs 27,000 which translates to nearly 6x the per hectare productivity of a small farmer.

Uttar Pradesh: Revenue collections fall 15% on year in February

He, however, expressed confidence that the receipts in March would be better that last year’s performance as the lockdown had marred collections in the last 15 days of the previous year.

Speaking to FE, a state government official said that the collections had mainly gone down only in excise and the reason for that is that while every year the licence renewal for liquor vends is done in February, this year it was done in January.

As UP waits for Atmanirbhar package, power dues swell to over Rs 26k cr

When contacted, an official of the Union power ministry confirmed the receipt of UP action plan for second tranche and said that the ministry will soon be calling the UPPCL team for a presentation before Union power minister

According to senior officials of UPPCL, this amount does not include the Rs 15,000 crore dues of state PSUs, which are not covered in the package.

Uttar Pradesh likely to see 20% fall in sugar production

“Mills in Uttar Pradesh have already started closing in some districts because of no cane. As of now 4 mills have already closed down and some more are expected to close by the end of the month,” said a sugar miller.

Of the total 20 lakh tonne sugar that is expected to be diverted into ethanol in the country, almost 6.76 lakh tonne will be from Uttar Pradesh, followed by 6.54 lakh tonne in Maharashtra and 5.41 lakh tonne in Karnataka.

Increase ethanol blending to 15%, ISMA urges food ministry

He urged the ministry to advise the Bureau of Indian Standards (BIS) to immediately fix the standards for 12% and 15% blending.

Another miller said, “OMCs will take time to enhance their tankage capacity. In the meantime, if the government asks OMCs to immediately increase the blending percentage to 13%, it would straightaway mean an increase of 30% demand in ethanol. It will take care of all our worries.”

Oil marketing companies fail on ethanol lifting commitments, blending programme targets likely to fall short

According to sugar industry sources, due to the encouragement and incentives provided by the government, the sugar mills and distilleries have achieved a record allocation of 310 crore litres of ethanol to be supplied to OMCs

“To achieve 10% blending target at pan India level, there is a need to ensure that enough tankage capacity is available with the OMCs,” he says and adds that priority of allocation of inter-state supplies should also be rationalized by OMCs.

No change in sugarcane prices this season in Uttar Pradesh

This is the third straight year when the state government has decided not to hike the price of cane. The SAP was last increased by Rs 10 per quintal in 2017, soon after the Yogi Adityanath government came to power.

Elections in the state are scheduled to be held by March 2021, when the crushing would be in progress.

UP targets 250% increase in exports in 4 years: Siddharth Nath Singh

The identified sectors are electronics and electrical equipment, apparel, machine and equipment, processed food items and organic chemicals.

The shortlisted priority products currently contribute to around 63% of the exports from UP and account for around 5% of India’s exports.

UP sugar season half-way down, 31 sugar mills yet to open accounts

120 sugar mills in the state have piled up arrears worth Rs 7,879 crore, as on February 2.

According to data accessed by FE, while the state’s average payment is 46%, as many as 31 sugar mills have not even started the payment process this season.

IKEA is coming to Noida! Ingka Group to soon start work on Rs 4,000-crore mall-cum-store

According to officials of the Uttar Pradesh government, this will be a mixed-use project, consisting of an IKEA store as anchor, and a mall that will house retail and commercial stores, a hotel, movie theatres and other enter

The company had signed a deal for the store-cum-commercial complex in 2018 itself but the project had got stuck due to procedural delays.

Meerut to Prayagraj Ganga expressway: Private sector interest a leg-up for PPP

Ganga Expressway: The keenness shown by 11 firms including 2 global players has reinforced UP’s move to build the Rs 36,000-crore expressway with private participation

It is the financial impact of the pandemic that made the state government opt for the public private partnership (PPP) route for the Ganga Expressway project, which would run across 12 districts and 529 villages of the state.

Uttar Pradesh: December tax revenue up by 25 percent, state collects Rs 2522 crore more

For the fifth month in a row, Uttar Pradesh’s tax revenue collection has increased by an impressive 25%, with the state having collected Rs 2,522 crore more in December 2020 than December 2019.

Budget 2021-22, Union Budget 2021
Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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