It’s almost a month since the Union budget was presented and by now taxpayers and other stakeholders have gone through the fine print to understand the implications of various announcements. One such budget announcement which has brought relief to taxpayers is the proposal to abolish the dividend distribution tax payable by Indian companies and restoring the classical system of taxing …
New Delhi: In a renewed push to cut India’s dependence on fossil fuels, the central government wants state-run companies to build massive clean energy parks at a cost of around $2 billion each, with built-in incentives to ensure states and operators are invested in the success of the parks. The proposed ultra mega renewable energy power parks of 2,000 megawatts …
The SPV is proposed to sell the land parcel and pay off BSNL debt estimated to be around Rs 15,000 crore. Employees Union of BSNL, however, has alleged that the land parcels proposed to be transferred to the special purpose vehicle at value of Rs 20,210 crore are at prime locations of big cities and are “grossly undervalued”. “It is …
New Delhi, Feb 1 The government has provided a token amount of just about Rs 1 lakh as budgetary support to the ailing national carrier Air India which has been saddled with a debt burden of around Rs 55,000 crore. However, the Finance Minister has proposed to provide Rs 2,600 crore for the next fiscal to a special purpose vehicle …