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Monthly Archives: July 2020

CCI approves proposed acquisition of 49% of the total equity share capital of Odisha Power Generation Corporation Limited (OPGC) by Adani Power Limited (APL)

The Competition Commission of India (CCI) approves proposed acquisition of 49% of the total equity share capital of Odisha Power Generation Corporation Limited (OPGC) by Adani Power Limited (APL). The proposed transaction relates to the acquisition of 49% of the total equity share capital of OPGC by APL (Proposed Combination). APL, is a public listed company and its shares are ...

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NTPC achieves highest daily gross generation of 977.07 MU

As per a statement by NTPC Ltd., a PSU under Ministry of Power and Country’s largest power generation company, it has achieved highest daily gross generation of 977.07 Million Unit (MU) on 28th July, 2020. NTPC total generation includes power generated from its Subsidiary and JV companies.NTPC stated that five of its power stations Korba, Sipat & Lara in Chhattisgarh, ...

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PFC signs agreement with IIT- Kanpur for Training, Research, and Entrepreneurship Development in Smart Grid Technology

Power Finance Corporation (PFC), a PSU under Ministry of Power and country’s leading NBFC, signed a MoA with Indian Institute of Technology- Kanpur (IIT-K) for Training, Research, and Entrepreneurship Development in Smart Grid Technology. Under the MoA, PFC will provide financial assistance of Rs. 2,38,97,000/- (Rupees Two Crore Thirty Eight Lakhs and Ninety Seven Thousand only) to IIT-K under its ...

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Union Power Minister dedicates 3 wind projects with 800 MW capacity to the nation

Shri Raj Kumar Singh, Honourable Minister of State (Independent Charge) for Power and New & Renewable Energy (MNRE), Government of India, today in a virtual ceremony, dedicated Sembcorp’s state of the art SECI 1, 2 and 3 projects to the nation. Shri Bhanu Pratap Yadav, Joint Secretary, MNRE, along with several other dignitaries joined Wong Kim Yin, Group President and ...

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Induction of Rafale In Indian Air Force

The first five Indian Air Force (IAF) Rafale aircraft have arrived at Air Force Station, Ambala. The aircraft got airborne from Dassault Aviation Facility, Merignac, France on the morning of 27 Jul 20 and reached India this afternoon with a planned stopover en-route at Al Dhafra airbase in the UAE. The ferry was planned in two stages and was undertaken ...

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Coastal Shipping requires urgent attention

Water transport is the preferred mode of transport all over the world as it is economical, cost saving, less prone to pilferage and damage, reduces road congestion and accidents, clean and green mode of transport and proved to be a valuable asset during emergencies and calamities. Coastal shipping is ideal for carriage of both dry and liquid bulk cargoes. India ...

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Shri Sadananda Gowda launches Schemes and announces guidelines paving way for setting up of Bulk Drugs Parks & Medical Devices Parks in the country

Union Minister for Chemicals and Fertilizers Shri DV Sadananda Gowda launched here today four schemes of  Department of Pharmaceuticals for promotion of domestic manufacturing of bulk drugs and medical devices parks in the country . On this occasion MoS(i/c) for Shipping and MoS for Chemicals & Fertilizers, Shri Amitabh Kant, CEO Niti Ayog, Dr P D Waghela, Secretary, Deptt of ...

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Tariff Notification No. 62/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), ...

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1205 Tribal Enterprises Spread Across 18500 SHGS Established to Provide Employment to 3.6 Lakh Tribal Gatherers in 22 States

It has now been four months since the Pandemic Covid-19 has caused (and continues to cause) havoc in the lives of people, across the country. As people try to pick up their lives and livelihoods, the team of TRIFED warriors is continuing to forge ahead in its endeavour to bring the tribal people towards mainstream development. Adapting “Go Vocal for ...

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DGGI books 3 firms for Tax evasion of more than Rs 600 Crore

A case was booked against M/s. Fortune Graphics Limited, M/s. Reema Polychem Pvt. Ltd. & M/s. Ganpati Enterprises, who were found involved in issuance of invoices without any actual supply of goods. The case was detected and developed by the officers on further data analytics out of a case booked against one of the exporters, M/s Anannya Exim, covered in ...

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