In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.
India's economy is likely to grow by 6.5 per cent in the current and the next financial year, an EY report said, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. Real GDP growth eased to a seven-quarter low of 5.4 per cent in July-September -- the second quarter of the current 2024-25 fiscal year.
The Lok Sabha witnessed a display of linguistic diversity on Monday, with the newly-elected MPs taking their oaths in English and Indian languages, including Sanskrit, Hindi, Dogri, Bengali, Assamese and Odia.
As many as 37 ministers have been dropped from the government in Prime Minister Narendra Modi's third term and these include seven with cabinet rank -- prominent among them being Smriti Irani, Anurag Thakur and Narayan Rane.
Taking strong exception to complaints and grievances of people concerning the customs and excise sectors, Prime Minister Narendra Modi on Wednesday said strict action would be taken against erring officials.
About 3,500 will get it through off-grid or renewable energy solutions
The Narendra Modi-led government has appointed Union Coal, Power and Renewable Energy Minister Piyush Goyal as the minister-in-waiting for United States President Barack Obama's three-day visit to India starting January 25.
An articulate ex-banker and a chartered accountant by training, Piyush Goyal is particular about numbers.
Coal India would open 60 new mines soon, the minister said.
'The first year of the Modi government's second term has laid the roadmap for the future and we will embark on it with gusto,' promises Gopal Krishna Agrawal, the BJP's national spokesperson on economic affairs.
In one of the first steps towards coal block re-allocation, the government has finalised the methodology to calculate coal price for e-auction and a Cabinet proposal on this is likely to be floated in a fortnight.
On Monday, a journalist sat through a closed-door meeting between Goyal and state power ministers, in the guise of an event manager.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
Prime Minister Narendra Modi said re-developed railway stations would become iconic structures and centres of economic activity.
'This is part of our efforts to make it easier to do business.'
There was buzz of Piyush Goyal being elevated to Cabinet rank but only Prakash Javadekar made the cut.
'There is merit in appointing people with ability and energy, then leaving them to do the job.' 'The Modi government would have had a better record if it had stuck to this formula from the beginning,' argues T N Ninan.
Seven major state power distribution utilities, identified by the central government for financial restructuring, have failed to increase their tariff considerably to improve their financials.
Minister of state for power Piyush Goyal will gift wooden-framed 'appreciation letters' to one million govt employees.
In a major jolt to India's solar energy programme, the Rajasthan government might cancel the 4,000-Mw solar UMPP (ultra mega power project), which was expected to come up near Sambhar Lake.
The electric vehicle market in India needs a policy push that goes beyond targets, says Vandana Gombar.
Prabhu-led advisory group also suggests JVs with mining and infra firms.
The private discoms that join the scheme would only benefit in terms of operational efficiency and there will not be any financial bailout
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The government wants to generate 100,000 Mw of solar power by 2022.
Non-mineral-rich states will benefit from tariff concessions.
Days before Narendra Modi arrives in the US to speak at the UN, meet Barack Obama, gupshup with the likes of Nadella, Pichai, Zuckerberg, and address desis in Silicon Valley, his ministers will help set the commercial and strategic tone for the prime minister's visit.
'It's not as if power demand is falling. It's that generation has outpaced demand.'
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