Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary said in Lok Sabha today that during financial year 2018-19, a total of 2,25,910 companies have been identified for action under Section 248 of the Act on the basis of non- filing of due returns for the financial Year 2015-16 & 2016-17. Due procedure shall be followed ...

In 2017, CIL has done source rationalization of 12 state owned power plants based on the requests from these plants. The quantity rationalized was about 13 MT. The approximate potential annual savings in transportation cost by these power plants would be to the tune of Rs 774 crore, details of which are as under: Sr. No State/ Developer Power Plant ...

            The Income-tax Department (ITD) takes appropriate action against black money which is an on-going process.  Such action under the Direct Tax laws includes searches, surveys, enquiries, assessment of income, levy of penalties and filing of prosecution complaints before criminal courts, wherever applicable. Moreover, recognizing the limitations of the Income-tax Act, 1961 etc. in dealing with black money stashed abroad, the ...

Minister of State for Planning (IC) and Chemicals & Fertilizers, Shri Rao Inderjit Singh, in a written reply to a question on current status of implementation of Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs) projects in India, in Lok Sabha today, informed that as per Detailed Project Reports (DPRs), the projected investment on full realization of PCPIRs is Rs. 7.63 lakh ...

 The CIL coal production has increased by 105 MT (approx) during the last four years as compared to an increase of 31 MT (approx) during the period of 2010-11 to 2013-14 (4 years). Similarly offtake of coal from CIL has increased by about 109.12 MT during the last four years as compared to an increase of about 55.04 MT during ...

The Minister of State for Shipping and Finance Shri Pon Radhakrishnan in a written reply to a question in Lok Sabha todayinformedthatall the 12 Major Ports have earned operating surplus during the last three years. This has been possible on account of various infrastructure & development projects undertaken by the Ports which is an ongoing process and also because of ...

As per Reserve Bank of India (RBI) guidelines, banks are to have a loan recover policy, prepared and duly vetted by their boards. A number of mechanisms are available to banks to effect recovery, such as filing of a suit in Civil courts or in Debts Recovery Tribunals and action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security ...

As per the World Economic Situation and Prospects 2018 report of the United Nations, the Indian economy is projected to grow at 7.2 per cent in 2018-19 and 7.4 per cent in 2019-20. The report indicates that the outlook for India remains largely positive, underpinned by robust private consumption and public investment as well as ongoing structural reforms.Share of public ...

As per Budget 2017-18 and 2018-19, the Revised Estimates for Capital Outlay on Infrastructure Sector for the years 2016-17 and 2017-18 are Rs 3,58,634 crore and Rs 4,94,313 crore respectively, while Budget Estimate for the year 2018-19 is Rs 5,97,143 crore. Details of Foreign Direct Investment (FDI) inflows, country-wise, during the last three years (from April 01, 2014 to January ...

Coal is supplied to the Power Sector under Fuel Supply Agreement (FSA) as per the mode convenient to the Power Plant. For non-power consumers, a dispensation for change of mode from Rail to Road has been extended by CIL. In the second tranche of Linkage Auction for Non-regulated sector, 14.8 Million Tonnes of coal linkage was booked. Out of this ...