Hospitality and travel sector players on Tuesday demanded infrastructure status for the hotel industry besides measures such as tax exemption on LTA annually to boost domestic tourism ahead of the Union Budget. They also recommended removal of the current TDS levied on automated bookings for internal or closed user groups such as business travel platforms and reducing the total number of licenses required to establish a hotel. "A full-blown infrastructure status for the hotel sector and further rationalisation of the Goods and Services Tax (GST) and a Central single window clearance for hotel projects are some of the major expectations from the Budget 2024," Roseate Hotels & Resorts CEO Kush Kapoor said in a statement.
India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than $40,000, and 100 per cent for cars of higher value.
The private discoms that join the scheme would only benefit in terms of operational efficiency and there will not be any financial bailout
'Chinese are going bang, bang, bang building 30-35 reactors.' 'We should announce a programme of 50 new reactors and show that we mean business on the ground and not just announcements.'
Kelkar plan may see power tariff rise 30% Ministry of power has said that tax liability of the power sector would increase by up to 30 per cent if the Kelkar report on direct and indirect taxes was implemented.
The Aam Aadmi Party government has delivered on its big ticket poll promises made to Delhi, two weeks after forming the government.
The paramilitary Rangers, which were called in to maintain law and order in the disputed region, came under attack while moving out of the region, the Dawn newspaper reported.
The generation of quality jobs and skill development should be the focal point, cutting across ministries and departments, asserts Nivedita Mookerji.
'If we want real democracy, the economy itself will need to be democratised.'
India's third largest telecom operator Idea Cellular joined the data tariff war by slashing 2G mobile internet rates by 90 per cent and 3G tariffs by 30 per cent for six months from November 15.
The lowest bid earlier had come for Madhya Pradesh at Rs 5.05/unit.
The negotiations for a bail-out of the two plants could see continuity though a weakened BJP majority is a cause of concern among analysts, says Amritha Pillay.
The 103-km line was commissioned three months after commissioning of the first line.
The government's decision to impose 21 per cent on imported power gear would increase the cost of electricity generated from future plants by about two per cent, according to rating agency Icra.
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
The BJP state unit hailed Vasan and said his advice will be used in the coming days to guide the alliance.
After Delhi's move to slash its electricity tariff by half, other states are calling for similar concessions, dimming the prospects for electricity reforms.
The Indian government on Wednesday said it would bring out a national power policy within the next six months aimed at making power available to all and sought greater private sector investment in rural energy sector.
The court on Tuesday ordered BSES -- part of billionaire Anil Ambani's Reliance Infrastructure Ltd to pay state-run NTPC the Rs 700 crore (Rs 7 billion) it is owed by May 31.
With administered gas and coal supply coming to an end, there is no alternative to SEB reform
The Maharashtra government has decided to allow MSEB to draw power from phase I of Dabhol Power Company at an optimum level of 83 per cent and tariff of about Rs 2.80 per KWH.
The department has proposed to pool prices of imported and domestically produced natural gas.
The steepest hike is in poll-bound Gujarat. Agricultural tariff in the state grew 47.2 per cent.
'The Budget will be positive, continuing on the path of growth taken so far.'
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
Power consumers in the state will have to shell out more, with regulator Punjab State Electricity Regulatory Commission (PSERC) announcing an average tariff hike of 12.08 per cent.
The minister further said state discoms should not give orders for supply of equipment to Chinese firms.
Open access for consumers of electricity and a more effective market exchange for power are necessary.
Abolition of import duty on naphtha under the government's stimulus package has come as a much-awaited breather for power projects running on dual-fuel.
French energy giant TotalEnergies SE's $300 million investment in clean energy projects of Adani Green Energy Ltd has taken the total investments poured in by global investors in India's largest renewable power producer to $1.63 billion or about Rs 14,000 crore, sources close to the company said. Last week, Total announced it will hold a 50 per cent stake in the new joint venture firm where Adani Green Energy Ltd (AGEL) will hold the rest. The joint venture will hold a portfolio of 1,050 MW, including 300 MW of already operational capacity, 500 MW under construction and 250 MW under-development assets with a blend of solar and wind power.
In focus are the assembly polls in 2026. From a BJP perspective, their attack on the ruling DMK, using the 'Hindutva' card, and Annamalai's targeting of both Dravidian majors on corruption has not worked, points out N Sathiya Moorthy.
Amid uncertainty over the mini-ministerial meeting starting today, the two powerful trade chiefs of the United States and the European Union sought India's assistance to break the deadlock over sectoral tariff elimination and the anti-concentration provision in return for supporting New Delhi's demand on enhanced flexibilities for special products and special safeguard mechanism
Companies say the viability of 13,000 megawatts worth of projects, which have fixed power sale tariffs, hinge on the government decision.
From April 1, when we buy insurance for a car or take out a health cover, insurance companies can offer a product totally customised for us.
