(BS) The petrol-ethanol blending programme faces an acute shortage due to a deficient sugarcane output and withdrawal of the excise duty exemption by the government. To achieve the target 10 per cent blend, oil companies issued their first tender on October 22, 2016, for 2.8 billion litres of ethanol to be supplied between December 2016 and November 2017. In response, sugar mills offered and contracted for 780 million litres. “Sugarcane output was 20-25 per cent lower than last year, resulting in a proportionate decline in ethanol production. Lower crushing of cane doubled the price of molasses, the raw material for ethanol.…
Author: Aruna Sharma
(OD) Union Petroleum and Natural Gas Minister Dharmendra Pradhan inaugurated the building constructed by Hindustan Petroleum Corporation Ltd. (HPCL) for the welfare of tribal students studying in the school run by Ramakrishna Mission at Bhubaneswar. HPCL, the leading oil refining and marketing PSU ,under Ministry of Petroleum & Natural Gas Government of India, under its Corporate Social Responsibility constructed Study Hall, Hall for Indoor Games & Common Room. Along with Shri Pradhan, Swami Atmaprabhanandaji of Ramakrishna Mission, Director-HR of HPCL Mr. Pushp Joshi, senior officials of HPCL, other Oil PSUs and Ramakrishna Mission were present at the occasion. Shri Pradhan…
(PTI) Banks have been cutting rates in the recent times as they want to use liquidity available with them, Finance Minister Arun Jaitley today said in the Rajya Sabha as some parties, including ruling NDA, said demonetisation did not have positive impact on credit growth. Shiv Sena member Sanjay Raut said it was claimed that demonetisation would have positive effects on credit growth but that did not seem to be happening while there were also concerns related to banks cutting down staff. Minister of State for Finance Santosh Gangwar said, “while such concerns had been expressed, if we look at…
(India Inside News) ईमानदार अफसर नहीं लगाते कलेक्टर- एसएसपी की कुर्सी के लिए जुगाड़ – बेईमान पैर छुएंगे, चमचागीरी करेंगे, रकम भी लुटाएंगे बस कुर्सी चाहिए —————————————————————————— ईमानदार सीएम योगी आदित्यनाथ की सरकार को अगर कोई कलंक लगा सकता है तो वो सिर्फ प्रदेश के भृष्ट प्रमोटी आईएएस अफसरों की लॉबी है। बेईमानी इस लॉबी की नस – नस में समां चुकी है। ये अफसर सत्ता में बैठे लोगों के साथ ऐसा मीठा बर्ताव करते हैं कि हर कोई चकमा खा जाए। लेकिन इन घूसखोर अफसरों को पहचानना इतना मुश्किल भी नहीं है। बल्कि सावधानी से रीड किया जाये तो…
(FE) The Supreme Court today said that power distribution firms like Adani Power Ltd and Tata Power Ltd cannot charge “compensatory tariff” from consumers and set aside the appellate tribunal’s judgement in this regard. Tata Power’s wholly owned subsidiary Coastal Gujarat Power Ltd and Adani Power had originally moved the Central Electricity Regulatory Commission (CERC) seeking higher tariff on the grounds that their input costs had gone up due to rupee devaluation and higher costs of coal imported from Indonesia, owing to a regulation passed by the Southeast Asian nation. The apex court did not agree with the contentions of…
(PTI) Gold prices surged at the bullion market here today, tracking a firm global trend and pick up in buying by jewellers and retailers. Silver also edged up on higher demand from industrial units and coin makers. Standard gold (99.5 purity) gained Rs 90 to end at Rs 28,760 per 10 grams as against Monday’s closing level of Rs 28,670.Pure gold (99.9 purity) also rallied by a similar margin to conclude at Rs 28,910 per 10 grams as against Rs 28,820 previously.Silver (.999 fineness) rose by Rs 95 to finish at Rs 41,915 compared to Rs 41,820 yesterday.Globally, gold rose as…
(PTI) Chief Minister Yogi Adityanath today ordered 18-hour power supply in villages, 20-hour at tehsil level and in Bundelkhand region besides deciding to ink a pact with the Centre to ensure electricity in all UP villages by 2019. A meeting of the state cabinet chaired by Adityanath, the second since he assumed office last month, also decided that district headquarters will get 24-hour power supply, Power Minister Shrikant Sharma told reporters here after the three-hour-long meeting. The chief minister directed the power department to ensure that defective or burnt transformers are replaced expeditiously in rural areas so that agricultural operations…
(DJ) केंद्रीय प्रत्यक्ष कर बोर्ड (सीबीडीटी) ने कंपनी मामलों के मंत्रालय के साथ स्थायी खाता संख्या (पैन) और टैक्स कटौती खाता संख्या (टैन) को केवल एक दिन में जारी किए जाने का समझौता किया है। सीबीडीटी ने यह कदम ईज ऑफ डूइंग बिजनेस के तहत उठाया है। वित्त मंत्रालय ने अपने एक बयान में बताया है कि आवेदनकर्ता कंपनियां कंपनी मामलों के मंत्रालय की वेबसाइट पर एक साझा आवेदन फॉर्म SPICe (INC 32) को भर सकती हैं। पूरा डेटा भर दिए जाने के बाद तुरंत मंत्रालय की ओर से इसे सीबीडीटी के पास भेज दिया जाएगा। इसके बाद आवेदक के…
Tax on sale or purchase of goods within a State as per Entry List II of Seventh Schedule of the Constitution is a State subject, and accordingly, VAT was been introduced by the concerned States, in place of turnover taxes. The introduction of VAT ensured that credit of taxes paid on the inputs were available to a tax payer while discharging his output tax liability. This helped in minimizing cascading of taxes at the State level and in increasing compliance because of the in-built mechanism of transfer of input tax credit. VAT led to a simplification of taxes at the…
(PTI) India today warned Pakistan that execution of the death sentence handed down to Kulbhushan Jadhav by a military court would be taken as “pre-meditated murder” and Islamabad should consider its consequences on bilateral relations. “There is no evidence of wrongdoing by Jadhav. If anything, he is the victim of a plan that seeks to cast aspersions on India to deflect international attention from Pakistan’s well-known record of sponsoring and supporting terrorism,” External Affairs Minister Sushma Swaraj said in an identical statement in both Houses of Parliament. “Under these circumstances, we have no choice but to regard the sentence, if…