Economy

Stressed power projects await ministry implementation of Cabinet measures

The Cabinet Committee on Economic Affairs, on March 7, had approved certain recommendations of a group of ministers and a high-level empowered committee on stressed power assets

power, power sector News

Electric vehicles road map: NITI Aayog may extend deadline for auto companies

If implemented, companies cannot sell conventional two- and three-wheelers beyond the mentioned timeline.

niti aayog, electrocic vehicles News

Govt to launch ETF to divest shares in listed PSBs, insurers

The Centre garnered a whopping Rs 45,080 crore via two extant ETFs — Rs 26,350 crore from CPSE ETF and Rs 18,730 crore from Bharat-22 ETF — helping it mobilise 53% of the total disinvestment recei

psb, insurance News

Income Tax dept to share data on defaulters’assets with PSU banks

Central Board of Direct Taxes (CBDT) has directed zonal heads of the income tax department (ITD) to share information related to assets and liabilities of defaulters with banks on their request.

cbdt, income tax News

CBDT expands scope of direct tax code committee

he timeline for the panel to submit its recommendation remains unchanged to July 31.

cbdt, supreme court, sc News

CBIC to move to desk-based filing for small taxpayers

In a detailed letter on how to conduct audits, the department said premise-based audit still has to be conducted for medium and large category of taxpayers.

tax, gst News

SECI tweaks conditions for manufacturing-linked solar scheme

The new tender seeks to set up 6 GW of solar plants, against 2 GW of manufacturing units.

solar, solar energy, solar sector News

NHAI’s cumulative debt soars to Rs 1.78 lakh crore in FY19

NHAI's equity capital, as per rating agency Icra, has gone up from around Rs 60,000 crore in 2013-14 to Rs 201,600 crore in FY19

nhai, highways News

Power tariffs: Regulators delay new orders amid rising discom stress

Only 15 states have issued tariff orders so far and that exclude major power consumers.

power traiff, power supply News

Oil ministry seeks Rs 33,000 crore more for subsidy payout

At the end of March 2019, the government was yet to pay Rs19,000 crore to Indian Oil on account of cooking gas and kerosene subsidy for 2018-19.

Petroleum minister Dharmendra Pradhan, oil ministry, dharmendra pradhan News

Captive coal mines: Non-compliant firms forced to pay Rs 833-crore fine

Captive coal mines produced 25.1 million tonnes (MT) of the fuel in FY19

Coal, CIL, power sector, coal consumption, economy news, Coal India Ltd, economy news

Kerala tops NITI Aayog health ranking, UP worst performer

The ministry of health and family welfare has linked a part of National Health Mission funds to the progress achieved by the states on this Index.

niti aayog, niti aayog health index News

Keral govt’s plan to collect Rs 600 crore through flood cess hit

State finance minister Thomas Isaac had been counting on garnering Rs 600 crore in the current fiscal through flood cess for rebuilding the state’s infrastructure ravaged by the devastating floods o

glood kerala flood News

How Modi govt is planning to provide clean drinking water to 1 lakh villages

CSC has inked an MoU with the Bhabha Atomic Research Centre (BARC) for installing water filtration plants in villages.

drinking water, pilot project modi government News

Fasal Bima: Claims ratio dips to a healthy 65% in kharif 2018

The highest amount of pending claims has been reported from Maharashtra (Rs 1,312 crore), followed by Rajasthan (Rs 912 crore).

fasal bima, kharif News

GST defaults: Nearly 75,000 notices served in Gujarat

The goods and services tax (GST) authorities have recently identified nearly 75,000 defaulters in Gujarat and issued notices to them for non-payment of taxes under the GST regime.

gst, goods and services tax, GSTR 3B, GSTR 1, ITC, GST system, economy news,  News

Income Tax: Effective tax base grows 13.5% in AY19, highest rate in 5 years

Though direct tax collection missed the RE by `62,000 cr, it grew by 13.5% compared with FY18.

Economy News

Income Tax Dept made seizures of Rs 1,584 crore in FY 2019

A tax official said the FY19 seizure was substantial because of general elections which resulted in higher volume of information received by the department on the use of unaccounted money in the form

income tax, income tax demonetisation News

Govt invites technical bids for 4,000 MW Deoghar UMPP

The UMPP policy was launched in 2005-06 by the government to provide power at a competitive cost to consumers by achieving economies of scale.

reliance power, power sector News

National discoms signals depleting dependence on state-owned entities

A section of the industry believes that NEDCL can address the issue of untimely payments.

power sector, power industry, ntpc, discoms News

Multi-brand retail: Piyush Goyal warns consultants not to mislead investors

Commerce and industry minister Piyush Goyal on Friday warned industry against violating the spirit of the law and asked lawyers and consultants, including of the big four firms, not to mislead investo

Industry News

Discoms told to ‘rigorously’ check data from IT-enabled feeders

As many as 4,057 urban feeders, which track the quality of power supply in 1,388 IT-enabled towns, are not regularly communicating power supply information.

Economy News

Hydel power producer NHPC comes to the aid of stressed thermal gencos

NHPC chairman and managing director Balraj Joshi said the scheme would involve electricity transaction of around 18,620 million units at 85% PLF. This could clock a turnover of around Rs 7,000 crore p

Economy News

Tamil Nadu seeks more time to set up green energy corridor

Wants new deadline to be March 2020 to tackle right-of-way issues impeding project deployment.

Economy News

Manual check to only impact 3.5% ‘risky’ exporters in availing refunds

Official sources said the government was matching turnover from exports with the income-tax returns filed them to detect discrepancy and foul play.

Economy News

FADA to GST Council: Charge late fine on net tax liability, not gross

The Federation of Automobile Dealers Associations (FADA) has written to the GST Council, asking that the interest charged on automobile dealers in case of late GST payment, should be calculated on net

Economy News

GST council meet: Rate cuts for electric vehicles, two-wheelers on agenda

The government faces revenue impact to the tune of Rs 8,400 crore and Rs 12,000 crore annually if the GST is brought down to 18% for two-wheelers and cement, respectively.

Economy News
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