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NCLT allows govt to take over management of Delhi Gymkhana Club

by | Apr 1, 2022 | 10:08 pm | Economy, News

New Delhi, Apr 1 (PTI) The National Company Law Tribunal (NCLT) on Friday allowed the central government to take over the management of the prestigious Delhi Gymkhana Club, nearly two years after a plea was submitted by the Centre citing "violations" of companies law by the club. Passing a 149-page order on the petition filed [...]

India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access

by | Apr 1, 2022 | 9:55 pm | Economy, News

New Delhi, Apr 1 (PTI) Indian exporters from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately after the interim trade agreement between the two countries comes into force, according to government sources. Commerce and Industry Minister Piyush Goyal and his Australian counterpart [...]

Assam’s expenditure crosses Rs 1 lakh crore: Himanta

by | Apr 1, 2022 | 9:52 pm | Economy, News

Guwahati, Apr 1 (PTI) Assam Chief Minister Himanta Biswa Sarma on Friday said in the Assembly that the total expenditure for the state has crossed Rs one lakh crore for the first time in 2021-22, placing it in the league of ‘big states’ with high spending capacity. He also said that during 2015-16 to 2019-22, [...]

Tax collection in Haryana rises 18% to Rs 54,606 crore in FY22

by | Apr 1, 2022 | 9:50 pm | Economy, News

Chandigarh, Apr 1 (PTI) The total tax collection by Haryana's Excise and Taxation Department increased by 18.32 per cent to Rs 54,606 crore in the last fiscal. "There is an 18.32 per cent increase in tax collection by the state," Deputy Chief Minister Dushyant Chautala said on Friday. He congratulated the officers of the department [...]

SECL sets 182 mt coal output target, capex at Rs 5,200cr in FY’23

by | Apr 1, 2022 | 9:42 pm | News

Kolkata, Apr 1 (PTI) Coal India subsidiary South Eastern Coalfields Ltd (SECL) has set a target of producing 182 million tonne of the dry fuel in the current financial year as against 142.51 mt of output in 2021-22, a company official said on Friday.An outlay of Rs 5,200 crore has been approved for the capital [...]

Wheat procurement begins in Haryana

by | Apr 1, 2022 | 9:36 pm | Economy, News

Chandigarh, Apr 1 (PTI) Procurement agencies on Friday started purchasing wheat from farmers in Haryana at the minimum support price fixed by the government. In 410 mandis opened in the state for the purchase of wheat, the Food and Supplies Department, Hafed, Haryana Warehousing Corporation and Food Corporation of India are procuring the crop at [...]

Future Enterprises defaults on Rs 2,835.65 cr loan repayment

by | Apr 1, 2022 | 9:35 pm | Corporate Action, News

New Delhi, Apr 1 (PTI) Debt-ridden Future Enterprises Ltd (FEL) on Friday said it has defaulted on payment of Rs 2,835.65 crore to various banks and lenders. The due date to "pay an aggregate amount of Rs 2,835.65 crore" to its lenders, who are parties to an agreement under the One Time Restructuring (OTR) scheme, [...]

Russia-Ukraine conflict may affect supply chains of semiconductors: MoS IT

by | Apr 1, 2022 | 9:12 pm | News

New Delhi, Apr 1 (PTI) The supply chains of global semiconductor industry, which was badly affected during the COVID-19 period, may see further disruptions due to the Russia-Ukraine conflict, Parliament was informed on Friday. The conflict may have particular impact on the supply of neon and hexafluorobutadiene gases that are essential to manufacture semiconductor chips [...]