ECONOMY
The Singareni Collieries Firm Restricted (SCCL), which fears dealing with the inevitable problem of shedding key mining areas that will result in decline in output and affect its efficiency, might undertake a extra aggressive method to maintain output. With no new mining blocks underneath its bag for nearly 9 years and manufacturing declining from the … Read more
The Chief Minister of Tamil Nadu, M Okay Stalin mentioned on Sunday that he secured ₹400 crore funding from Ohmium in Chengalpattu district, creating 500 jobs. Stalin mentioned that the deal marked an essential step in nurturing the ecosystem for inexperienced vitality manufacturing and fuelling a sustainable future. In a submit on X, “One other … Read more
Oil advertising corporations have elevated the speed of 19 kg industrial LPG gasoline cylinders by ₹39, efficient from Sunday. After the hike, the retail gross sales value of a 19 kg industrial LPG cylinder in Delhi is ₹1,691.50. Additionally learn: Power and the political narrative Earlier on July 1, in a transfer to supply reduction … Read more
SpiceJet Ltd. is placing 150 cabin crew on non permanent depart with out pay for 3 months because the embattled Indian airline tries to lift capital from institutional traders to fund its operations. “This step has been taken in response to the present lean journey season and the decreased fleet measurement, with the long-term stability … Read more
India is forecast to obtain above-normal rains within the final month of the June-September monsoon season, brightening prospects for a bumper harvest for crops similar to rice and soybeans. Precipitation is anticipated to be greater than 109 per cent of the long-term common of 167.9 millimetres (6.6 inches), Mrutyunjay Mohapatra, director normal of the India … Read more
India will probably have three consecutive months of surplus rains because the India Meteorological Division (IMD) on Saturday predicted “above regular” (a minimum of greater than 9 per cent surplus) rainfall throughout September, probably threatening crops that are at superior stage of harvest. Addressing a digital press convention, IMD’s Director Common Mrutyunjay Mohapatra mentioned the … Read more
Capt Sami Modak, Senior Pilot of the New Mangalore Port Authority (NMPA), has gained the Port of London Authority award for acquiring the best marks within the ‘Port and Terminal Administration’ paper within the Skilled Qualifying Examination (PQE) carried out by the Institute of Chartered Shipbrokers (ICS), London. ICS, London, carried out the ICS PQE … Read more
The federal government has minimize windfall tax on domestically-produced crude oil to ₹1,850 per tonne, from ₹2,100 per tonne with impact from Saturday. The tax is levied within the type of Particular Further Excise Responsibility (SAED). The SAED on the export of diesel, petrol and jet gas or ATF, has been retained at ‘nil’. The … Read more
In an effort to scale back litigation, the Earnings Tax Division on Friday introduced e-Dispute Decision Scheme (e-DRS). “That is one other initiative by the federal government in direction of minimising litigation,” the Division stated in a press release. As per e-DRS, a taxpayer can go for the scheme in opposition to the ‘specified order’ … Read more
The Institute of Chartered Accountants of India (ICAI) is locked in a battle of wits with the Nationwide Monetary Reporting Authority (NFRA) over its intervention to overtake a key audit customary (SA600–‘Utilizing the Work of One other Auditor’). A particular central council assembly has been convened on September 17 by the CA Institute to debate … Read more