Meghalaya Chief Minter presents tax-free deficit budget
SHILLONG: Meghalaya Chief Minister Conrad K Sangma on Wednesday presented a deficit budget for the financial year 2021-22 without proposing any new tax. It is estimated that the total receipts will be Rs 17,509 crore including borrowings to the tune of Rs 2,247 crore, said Sangma who also holds the finance portfolio. The total expenditure […]
Indian Oil Corp, IDCO sign MoU for Paradip Plastic Park in Odisha
NEW DELHI: Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) today signed an agreement and a Memorandum of Understanding (MOU) to developParadip Plastic Park. The MoU was signed on a hybrid mode, in the presence of Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan, Naveen Patnaik, Chief Minister of […]
Indian Navy signs contract with Suryadipta Projects for 11 ACTCM barges
NEW DELHI: The Indian Navy has signed a contract with Suryadipta Projects to construct 11 ammunition-cum-torpedo-cum-missile (ACTCM) barges, said an official statement on Tuesday. A contract for construction & delivery of Eleven Ammunition Cum Torpedo Cum Missile (ACTCM) Barges has been concluded with M/s Suryadipta Projects Private Limited, Thane, an MSME on 05 March 2021. […]
Magma Fincorp shareholders approve 60% acquisition by Poonawalla-led firm
NEW DELHI: Non-banking finance company Magma Fincorp Ltd (Magma) on Tuesday said its shareholders have approved the company’s plan to raise up to Rs 3,456 crore by issuing preference equity shares to Adar Poonawalla-controlled Rising Sun Holdings Ltd (RSHPL) and two members from the promoter group. The members of the company approved with requisite majority […]
Delhi government announces road infrastructure projects
NEW DELHI: The Delhi government on Tuesday announced new road infrastructure projects, including East-West corridor between Tikri and Anand Vihar, and corridor from the Signature Bridge to the IGI airport, to decongest the city’s roads. While presenting budget in the Delhi Assembly, Deputy Chief Minister Manish Sisodia said the government is waiting for the UTTIPEC’s […]
Delhi government presents Rs 69,000 crore budget for FY 2021-22
NEW DELHI: The Delhi government presented a Rs 69,000-crore budget themed on “patriotism” for financial year 2021-22 on Tuesday. Presenting the budget, Deputy Chief Minister Manish Sisodia, who also holds the finance portfolio, said the Aam Aadmi Party (AAP) government has decided to celebrate the country’s 75th Independence Day and will hold programmes for 75 […]
Maharashtra budget: Concession in stamp duty for women; tax on liquor hiked
MUMBAI: The Maharashtra government’s budget for 2021-22, presented on International Women’s Day, offered one per cent concession in stamp duty if property is transferred only in a woman’s or women’s name. Deputy Chief Minister and finance minister Ajit Pawar on Monday presented a budget with revenue deficit Rs 10,226 crore in the state Legislative Assembly. […]
Maharashtra Budget: 170-km ring road planned for Pune at Rs 26,000 crore
MUMBAI: A 170-kilometre ring road will be built around Pune at an estimated cost of Rs 26,000 crore as a large number of passenger and goods transport from different parts of the state move through the city, Maharashtra Deputy Chief Minister Ajit Pawar said on Monday while tabling the Budget for 2021-22 in the Assembly. […]
New Karnataka mineral policy for 2021-26 on the anvil: Yediyurappa
BENGALURU: A new mineral policy for 2021-26 will be unveiled in the State on the lines of the Centre’s National Mineral Policy to give a fillip to the industry and boost the economy, Karnataka Chief Minister B S Yediyurappa said on Monday. Presenting the budget proposals for 2021-22 in the assembly, Yediyurappa said the government […]
Delhi’s economy projected to contract by 5.68 per cent in FY21
NEW DELHI: The economy of Delhi is expected to contract by 5.68 per cent in real terms due to the impact of the COVID-19 pandemic, according to Delhi Economic Survey 2020-21. However, the advance estimate of the gross state domestic product (GSDP) of Delhi at current price during 2020-21 is Rs 7,98,310 crore, showing a […]
French MP Olivier Dassault, whose family-owned company made Rafale jets, dies in helicopter crash
French billionaire Olivier Dassault, a politician and scion of the Dassault aircraft-making family, was killed in a helicopter crash on Sunday. Dassault, 69 and a father-of-three, died around 6 pm (1700 GMT) when his helicopter crashed near the upmarket coastal resort of Deauville in northwest France, parliamentary and investigation sources told AFP. French President Emmanuel […]
Audi to launch electric e-tron range in India in next 2-3 months: Official
NEW DELHI: German luxury carmaker Audi will launch its fully electric SUV e-tron and crossover e-tron Sportback in India in the next two to three months to kick off its EV journey in the country, according to a senior company official. The company, which had earlier planned to launch the e-tron towards the end of […]
Market Capitalization of eight of top-10 valued firms zoom Rs 1.94 lakh crore
NEW DELHI: Eight of the top 10 valuable firms added over Rs 1.94 lakh crore to their market valuation last week, led by Reliance Industries Ltd (RIL). On the contrary, HDFC Bank and State Bank of India (SBI) witnessed losses in their valuations. RIL added Rs 60,034.51 crore to take its valuation to Rs 13,81,078.86 […]
From farms to mills, it’s a long wait for Western Uttar Pradesh farmers just to get sugarcane weighed
By Jatin Takkar and Kishor Dwivedi MUZAFFARNAGAR: As thousands of farmers lay siege to Delhi borders for over 100 days demanding the repeal of three contentious farm laws, those staying back in Western Uttar Pradesh have to endure a different kind of long wait — at times for multiple days just to get weighed quintals […]
Cairn wants India to honour its word and pay $1.4 billion, shareholders to seek enforcement
NEW DELHI: British oil firm Cairn Energy plc on Sunday said its shareholders, including top financial institutions of the world, expect the use of the company’s “strong powers of enforcement” to recover USD 1.4 billion from the Indian government should it not keep its word of honouring international arbitration tribunal awards on retrospective taxes. Cairn […]
RINL expects Rs 1,000-crore from sale of 22-acre land in Visakhapatnam
NEW DELHI: State-owned RINL expects to garner Rs 1,000 crore from the sale of its 22.19 acre land located in the heart of Visakhapatnam city, a popular tourist destination in Andhra Pradesh. On Thursday, state-run construction company NBCC had announced signing an MoU with Rashtriya Ispat Nigam Ltd (RINL) for redevelopment and monetisation of its […]