(ET) Premier research institute Indian Institute of Technology-Madras on Thursday said it has developed a large database management software system that would collect structural and design related data for Oil and Natural Gas Corporation to reduce their cost of maintenance and rehabilitation of offshore oil platforms. The software ‘Structural Integrity Management System’ (SIMS) was developed by the Offshore Structures Group by the department of ocean engineering at IIT Madras. “It has a large database management system housing crucial information about structural and other design related data, which can be extracted by a click of button, saving considerable time and effort for…
Author: Aruna Sharma
(PTI) The finance ministry on Friday released a paper suggesting changes in the monthly GST payment form and sought industry comments by September 15. The GST Council in its meeting last month recommended that the changes in GSTR-3B or monthly tax payment form be placed in public domain for seeking inputs and suggestions of the stakeholders. “Accordingly, general public and the trade at large are hereby informed that a detailed Concept Paper on comprehensive changes in FORM GSTR-3B is enclosed. All members of trade/ stakeholders are requested to kindly furnish their views/comments/suggestions on the Concept Paper latest by 15th September…
Union Home and Cooperation Minister Shri Amit Shah said that with 8.2% growth, India is at present one of the fastest growing economies in the world and the coal and mines sector of the country is contributing considerably to the present economic growth. Addressing the 6th National Conclave on Mines and Minerals organized as part of AKAM Iconic week celebrations by the Mines ministry here today, Shri Amit Shah said that the reforms undertaken by the present government has resulted in eliminating deep rooted corruption existed in coal block allotments. He said that Prime Minister Shri Narendra Modi has always given…
An Orientation Programme for Non-Official Directors of CPSEs of Ministry of Coal & Mines was organized at New Delhi today. The main objective of the programme was for Non-Official Directors of CPSEs to serve as an inspiration for CPSEs to help carry out Government Policy for CPSEs, and to improve the performance of the CPSEs. The purpose of the programme was to start a dialogue between the Ministry and NODs to ensure NODs get a good orientation on the Ministry’s goals/strategies for the sector and to clarify expectations from NODs. The programme was graced by Sh. Pralhad Joshi, Union Minister…
(ET) The Reserve Bank of India met treasury managers and senior executives of large banks on Tuesday to get the pulse of the market as the rupee plunged to a new low and investors turned cautious on buying more government bonds after rising yields inflicted losses on them, people familiar with the matter said. This comes amid a falling rupee, which has triggered a slew of regulatory actions aimed at bringing back overseas inflows and cutting import-related dollar payments. The central bank also sought feedback on its July 6 move to liberalise foreign exchange inflows, the people said.
(FE) The government is likely to cut or abolish the recently-imposed export taxes on key steel products soon, while also raising the impost on iron ore dispatches, sources told. The move comes amid concerns expressed by steelmakers that while domestic demand has remained muted in recent months, companies are losing out overseas customers due to the export taxes. Top executives of major steel firms, under the aegis of the Indian Steel Association, met finance minister Nirmala Sitharaman on June 16. They are learnt to have not just briefed the minister about the state of demand and supply but also sought…
(AU) हिमाचल प्रदेश में लगातार बढ़ रहे कोरोना के मामलों को लेकर राज्य सरकार सख्त कदम उठाने जा रही है। प्रदेश में मास्क पहनना, अस्पतालों, कार्यालयों और सार्वजनिक स्थानों पर सोशल डिस्टेंसिंग फिर से अनिवार्य होगी। स्वास्थ्य विभाग ने इसे लेकर प्रस्ताव तैयार किया है, जिसे 14 जुलाई को होने वाली प्रदेश कैबिनेट की बैठक में लाया जाएगा। कैबिनेट बैठक में स्वास्थ्य अधिकारी कोरोना की विस्तृत रिपोर्ट रखेंगे। 15 दिन के भीतर हिमाचल में कोरोना के एक्टिव मरीजों का आंकड़ा 1,100 से पार हो गया है। बीते तीन दिन से कोरोना से मौत के मामले भी सामने आने लगे हैं। जिला…
(FE) The Centre is weighing a few options to give some revenue relief to state governments hit by the termination of the Goods and Services Tax (GST) compensation effective June 30, 2022. Under the new mechanism being worked out, states will get revenue protection much lower than a 14% annual growth enjoyed by them in the five years through June 30, and for a shorter period, say, two years. The idea is to enable them to walk through the period of lower revenue growth till the GST itself produces the revenue buoyancy to address the states’ revenue concerns in the…
(AU) बार-बार मलबा आने से बंद हो रहा बदरीनाथ हाईवे यात्रियों के लिए मुसीबत बन गया है। यहां खचड़ा नाले के साथ ही कई अन्य जगहों पर शुक्रवार से बंद बदरीनाथ हाईवे रविवार शाम को खोल दिया गया था, जिससे यात्रियों ने राहत की सांस ली थी, लेकिन देर शाम सात बजे हाईवे लामबगड़ में बंद हो गया। ऐसे में करीब 1000 यात्रियों को यात्रा पड़ाव पांडुकेश्वर, गोविंदघाट, जोशीमठ में ही रोक दिया गया। बीते शुक्रवार रात 11 बजे भारी बारिश के दौरान बदरीनाथ हाईवे रड़ांग बैंड, बैनाकुली और खचड़ा नाले में मलबा और बोल्डर आने से बंद हो गया…
(ET) NTPC plans to raise ₹5,000 crore by selling a stake in a newly created green energy arm, according to people aware of the matter. The state-owned power generation giant has engaged SBI Capital Markets to advise on the sale process, which could be formally launched in October, these sources said. Feelers have been sent to Middle East-based sovereign wealth funds of Abu Dhabi and Kuwait, as well as pension funds of Canada. NTPC is keen to retain a majority stake in the arm after infusion of funds. The stake sale is expected to attract strong interest as the company has sovereign backing.