(ET) P K Gupta, the Principal Chief Commissioner Income Tax of Dehradun Zone on Thursday said that two Public Sector Undertaking (PSU) companies in the zone have not paid taxes worth Rs 1,111 crore this year. “Oil and Natural Gas Corporation (ONGC) and Tehri Hydro Development Corporation Limited (THDC) are two big PSU companies in the Dehradun zone. These companies have not paid taxes worth Rs 1,111 crore for the year till September 15. The growth rate of the department has fallen because of this,” Gupta told. “In a discussion with the ONGC officers, they pointed out that this was because of the…
Author: Amit Bhanot
(PTI) Indian Energy Exchange (IEX) on Thursday said its board has approved a proposal to create a subsidiary for setting up an exchange for trading of gas. The proposal was approved at IEX board meeting on Wednesday. “The Board…has considered and approved the incorporation of a wholly-owned subsidiary in India to undertake the business of developing a gas exchange for transacting, clearing and settling trades in various types of gas-based contracts including all other forms/types of energy,” a BSE filing said. The exchange will be set up with an initial investment of up to Rs 10 crore in the form of subscribed and paid-up…
(Hindustan) पूर्व केंद्रीय मंत्री उमा भारती ने कहा कि जम्मू कश्मीर से अनुच्छेद 370 और 35ए हटाना ऐतिहासिक फैसला है। अब वह दिन दूर नहीं जब पाक अधिकृत कश्मीर (पीओके) भी हमारा होगा। रामजन्म भूमि पर जल्द भव्य राम मंदिर बनेगा। गंगा की निर्मलता और अविरलता के काम चल रहे हैं। हमारी सरकार इसके लिए संकल्पित है। गुरुवार को सुभाष रोड स्थित लार्ड वैंकेटेश्वर वेडिंग प्वांइट में जन जागरण अभियान के तहत पूर्व केंद्रीय मंत्री उमा भारती ने अनुच्छेद 370 और 35 ए पर लिए गए फैसले पर विस्तार से जानकारी दी। उन्होंने कहा कि यह कोई आसान काम नहीं…
(ET) Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said global slowdown, trade and geopolitical tensions currently pose major downside risks for the Indian economy, while volatile crude prices also have the potential to increase the country’s current account deficit. “Overall the outlook for India’ external sector is one of cautious optimism, albeit with some downside risks accentuated at this juncture”, Das said at an event here. Listing the risks, Das said that deepening of the global slowdown and escalation of trade and geopolitical tensions appeared to be the most significant. Das, however, also noted that there are underlying economic strengths that…
(PTI) Saudi Oil Minister Prince Abdulaziz bin Salman on Thursday assured his Indian counterpart Dharmendra Pradhan of meeting all oil supply commitments to India as the Kingdom looks to restore production from its facilities to pre-strike levels very soon. Pradhan spoke to his Saudi counterpart on phone and discussed in details supply plan in the aftermath of a massive attack on the Kingdom’s crude oil facilities that wiped out as much as 5 million barrels per day of output. “They have again assured that all supply commitments to India will be met,” said Sanjiv Singh, chairman of Indian Oil Corp (IOC). Saudi Arabia, which is India’s second-largest…
(Hindustan) समाजवादी पार्टी के राष्ट्रीय अध्यक्ष अखिलेश यादव ने ढाई साल पूरे होने पर भाजपा सरकार की कार्यप्रणाली पर सवाल उठाए हैं। उन्होंने तंज कसते हुए कहा कि उन्हें लगा था कि डबल इंजन की सरकार होने के बाद उत्तर प्रदेश का विकास होगा, लेकिन ढाई साल में ढाई कोस भी यह सरकार नहीं चल पाई। सरकार विकास व रोजगार के सही आंकड़े जनता के सामने पेश करे। अखिलेश ने गुरुवार को मुख्यमंत्री योगी आदित्यनाथ की पत्रकार वार्ता से ठीक डेढ़ घंटे बाद का समय चुना, लेकिन वह पहुंचे 1.30 बजे। उन्होंने बातचीत की शुरुआत मुख्यमंत्री पर हमले से की।…
(PTI) As part of its target to achieve 5,000 MW solar power, the Telangana government will float tenders in the next two months to produce 1,000 MW of the green energy, a top official said here on Wednesday. The state currently has 3,700 MW of solar power constituting about 25 per cent of the commissioned capacity in the energy sector, Special Chief Secretary-Energy Ajay Mishra told the Sustainable Innovation Summit 2019. “In the course of next one to two months, we will be coming out with tenders for 1,000 mega watt more for solar installations in the state. So our immediate goal is in…
(ET) Finance and power ministries are in advanced talks to merge smaller power companies with NTPC and NHPC.Shares of NTPC were trading over 1 per cent down at Rs 122.80 after the report, while NHPC was trading 1 per cent up at Rs 23.80. The report said that NTPC or NHPC may takeover smaller power companies such as Tehri Hydro Development Corporation (THDC), SJVN and North Eastern Electric Power Corporation (NEEPCO). THDC is a joint venture between the Centre and UP government. Shares of SJVN jumped nearly 1.50 per cent to Rs 25.65 after the report. THDC and NEEPCO are not listed on the bourses.“Power ministry…
(ET) State-owned utility Power Grid Corporation on Thursday said it has bagged an inter-state power transmission project under a tariff-based competitive bidding, which would benefit Rajasthan and Madhya Pradesh. “Power Grid Corporation has been declared as successful bidder under tariff-based competitive bidding to establish inter-state transmission system associated with LTA (long-term access) applications from Rajasthan SEZ Part-B on a build, own, operate and maintain (BOOM) basis,” according to a BSE filing by the firm.The letter of intent (LoI) was issued to Power Grid Corporation of India on September 11, it added.
(ET) The government proposes to offload substantial stake in at least 10 blue chip companies this year to meet its higher disinvestment target, even though the exercise will bring down its holding in these state-run firms to below 51 per cent level, official sources said here on Wednesday. The minimum government holding required for an entity to qualify as a central public sector enterprise (CPSE) is 51 per cent. The sources said the Department of Investment and Public Asset Management (DIPAM) would soon start consultations with the Power, Petroleum and Heavy Industries Ministries to initiate the disinvestment process for some CPSEs under their…