Plan and Policy

Plan & Policy

Suzlon opens first offshore Met unit in Arabian Sea

Wind turbine maker Suzlon Energy, the fifth largest player globally, along with its associates, has commissioned its first operational offshore Met station in the Arabian Sea.

Suzlon along with its associates, under the guidance from National Institute of Ocean Technology (NIOT), Chennai, and approvals through National Institute of Wind Energy (NIWE), Chennai, has installed first operational offshore LiDAR-based (light detection and ranging) wind measurement station in the Arabian Sea.

India is the largest LPG importer

India is set to surpass China as the biggest importer of liquefied petroleum gas (LPG) this month as a drive to replace wood and animal dung fires for cooking boosts consumption.

Shipping data in Thomson Reuters Eikon shows LPG shipments to India will reach 2.4 million tonnes in December, pushing it ahead of top importer China, on 2.3 million tonnes, for the first time.

India’s LPG purchases have surged from just one million tonnes a month in early 2015 on the back of a government programme to bring energy to millions of poor households relying on open fires.

Sebi slaps Rs 5.6L fine on 2 entities for disclosure lapses

Markets regulator Sebi today imposed a total penalty of Rs 5.60 lakh on Eduexel Infotainment and one Vinod Dugar for disclosure lapses.

According to two separate orders, Sebi has levied a fine of Rs 3 lakh on the firm for violating PIT (Prohibition of Insider Trading) Regulations and Rs 2.60 lakh on Dugar for breaching SAST (Substantial Acquisition of Shares and Takeovers) Regulations.

The Sebi orders have come following investigations in the shares of Eduexel Infotainment Ltd (EIL) during the period from January to December, 2014.

JeM commander Noor Tantray killed in Pulwama

Terror group Jaish-e-Mohammed suffered a major blow on Tuesday when security forces killed its top commander Noor Mohammad Tantray, considered the brain behind the terror outfit’s revival in Kashmir Valley, police said.

IT hiring on the path of steady recovery

After several quarters of de-growth, the information technology (IT) sector has started witnessing some steady growth in terms of hiring. The hiring industry expects that the sector be now on the recovery path. The IT sector hiring has been witnessing a slowdown for the past four to six quarters. For more than a year, job portal has been reporting negative growth in the sector.

MEP on onions to go up 18% from January 1

The Centre is all set to raise the minimum export price (MEP) on onions by 18 per cent from January 1 to check shipments and increase domestic availability.

The move has become unavoidable with onion prices still ruling above Rs 50 a kg in many places, including the National Capital Region. After many deliberations between the commerce and consumer affairs ministries, a decision has been taken to raise the MEP to $1,000 a tonne from the current $850 a tonne, sources said.

GST collections decline to Rs 80,800 crore

Goods and services tax (GST) collections have continued its downward trend from its peak. The total revenue slipped to Rs 80,808 crore in November, down from over Rs 83,000 crore in the previous month.

Tax experts claimed that the drop in revenue is on expected lines as rates for 150 items had been reduced to 18 per cent from 28 per cent effective November 15.

DeMo, GST impact: Number of new EPFO subscribers drops sharply

The slow growth in the economy has impacted the job market. The number of new subscribers to the Employees’ Provident Fund Organisation (EPFO) has witnessed a sharp decline over the last few years, way down from its peak in FY15.

To be sure, there have been net additions in the enrollment to the retirement fund manager, but it is far from 4.06 crore accounts added in 2014-15, the highest seen in recent years.

PM pushes for use of public transport

Prime minister Narendra Modi on Sunday made a strong pitch for use of public transport to save on fuel and costs associated with the import of petroleum, saying travelling on a metro train should be a “prestige issue”.

Modi was addressing a public meeting in this suburban town in Uttar Pradesh bordering New Delhi after launching a 12-km stretch of Delhi Metro's newly built Magenta Line.

From behind glass screen, Jadhav meets wife, mother

Kulbhushan Jadhav, who is on death row in Pakistan for alleged spying, on Monday met his wife and mother —but separated by a glass screen — in a carefully choreographed event that unfolded in tweets, photos and TV footage.

The 40-minute meeting, which took place after many representations, took place at the heavily guarded Foreign Affairs Ministry building, and came after the Hague-based International Court of Justice (ICJ) asked Pakistan in May to stay 47-year-old Jadhav’s execution.