(ET) The state of Uttar Pradesh is set to see Rs 700 crore worth of investments from Hindustan Unilever by 2025, according to the state’s Chief Minister Yogi Adityanath. During the inauguration of a spray dried detergent powder manufacturing unit of Hindustan Unilever India in the Harimpur district, Adityanath praised Bunelkhand’s progress, saying that it “is becoming a heaven on earth today,” and that it used to be a place “from where investors used to run away and youth used to flee” .According to an official spokesperson, the Chief Minister added that HUL will create lakhs of direct and indirect employment opportunities in the region in…
Author: Aruna Sharma
NTPC Ltd signed a Statement of Intent (SoI) with NITI Aayog yesterday to develop the Net Zero GHG emissions Roadmap for NTPC. Paving the pathway towards greening the power sector of the country, the SoI seeks to formalize a framework of cooperation between the parties to facilitate NTPC to strategies on diversification of its generation mix to eventually reduce its carbon footprint and support India’s endeavor towards achieving net zero by 2070. As the Government of India has announced the ‘Panchamrit’ goals during CoP 26, NITI Aayog is working on the development of different scenarios/ pathways for achieving Net Zero…
The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written reply to a question in the Lok Sabha today informed that with the aim to increase the share of natural gas in the Primary Energy mix, there is focus on developing the Natural Gas infrastructure in the country and to implement “One Nation One Gas Grid”. Petroleum and Natural Gas Regulatory Board (PNGRB) is the body to authorize the development of pipelines and 33,500 km Natural Gas Pipeline network has been authorized across the country. Out of this, 21,715 km Natural Gas Pipelines are operational…
During 2021-22, Indian airports carried around 83 million domestic passengers registering a growth rate of 59% as compared to 2020-21. As compared to the pre-pandemic domestic passenger traffic of around 136 million (2019-20), the traffic in 2021-22 has declined by 39%. Details are enclosed in the Annexure. Challenges that affect the profitability of the domestic aviation sector include high cost of aviation fuel, foreign exchange variations, constrained airport infrastructure and highly price-sensitive customers etc. Some of the steps that the Government has taken overcome the challenges are as follows: (i) Several States/ UTs that imposed a high rate of VAT on…
(PTI) Union Home Minister Amit Shah on Thursday congratulated Droupadi Murmu for her election as the President of India and said it is a moment of great pride for the entire country. In a series of tweets in Hindi, Shah said Murmu has reached this highest position of the country after fighting against the odds and this shows the immense power of our democracy. “Coming from a very humble tribal family, NDA candidate Droupadi Murmu’s election as the President of India is a moment of great pride for the entire country, I congratulate her,” he said. The home minister said the victory…
(TH) ONGC Videos (OVL) on Wednesday said that Rajarshi Gupta has taken over as Managing Director of the state-run firm, which is a subsidiary of E&P major ONGC. Gupta was recommended for the position by the Public Enterprise Selection Board (PESB). He has more than 33 years of wide-ranging experience in supervisory, managerial and strategic planning capacities in domestic and international operations of ONGC and ONGC Videsh, the company said in a statement. A mechanical engineer from NIT Rourkela, Gupta completed his MBA (International Business) from the Indian Institute of Foreign Trade with the highest-ever CGPA score in the history of…
(TH) Finance Minister Nirmala Sitharaman on July 19 clarified the GST Council has exempted from Goods and Service Tax (GST), all food items including wheat, pulses, rice, maize, when sold loose, and not pre-packed or pre-labelled. “They will not attract any GST. The decision is of the @GST_Council and no one member,” she pointed out. The Finance Minister explained the process of decision making on the GST rate changes for pre-packed and pre-labelled, unbranded food items in 14 tweets. “Recently, the GST Council in its 47th meeting recommended to reconsider the approach for imposition of GST on specified food items like…
(BS) Gazprom Singapore has failed to deliver some liquefied natural gas (LNG) cargoes to Indian state firm GAIL Ltd and has said it may not be able to meet supplies under their long-term deal, three sources familiar with the matter said. The sources did not say why Gazprom Marketing and Trading Singapore (GMTS) did not deliver the supplies. Global competition for the super-chilled fuel and low inventories have sent Asian LNG prices soaring. GMTS is a subsidiary of Gazprom Germania, a former unit of Russian energy giant Gazprom, now under the control of Germany’s network regulator. “We are facing difficulties, (the) situation is quite tight as GMTS has already defaulted…
(FE) The Government is not considering any plan to reduce taxes on cryptocurrency transactions. In a written reply to a query in the Rajya Sabha on whether the Government wants to exempt cryptocurrency transactions from taxes, Minister of State for Finance Pankaj Chaudhary said, “There is no such proposal under consideration.” In Budget 2022, the Government has announced a flat 30% tax on income from cryptocurrencies and also 1% TDS on crypto transactions. Chaudhary said that in order to deter risky crypto transactions the Reserve Bank of India (RBI) has been cautioning users, holders and traders that “dealing in VCs is…
(FE) State-run NTPC and Indian Oil (IOC) signed an agreement to set up a 50:50 joint venture (JV) company that will meet the power requirements of IOC’s upcoming refinery projects. “Going forward, NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, will form the JV company for supply of RE-RTC (renewable energy – round-the-clock) power to IOC. NGEL will be an umbrella company for consolidating NTPC’s total renewable energy businesses,” NTPC said in a statement. IOC plans to meet additional power requirement of its refineries using round-the-clock renewable energy to the tune of 650MW by the end of 2024 through…