The Powernomics of GST
Finally, Goods and Services Tax (GST) has arrived on July 1, 2017, and the first batch of filing of monthly returns is underway in August 2017. Like any other changeover, GST is also facing its initial pangs.
Many countries imposed regulations & taxes on coal, impacting end-users
Not just Indonesia, many countries, including Australia, have imposed regulations and taxes which impacted end-use companies that mined coal and commodities for purchase at cost of production. Higher taxes meant that input costs exceeded that on which the projects were constructed.
Change in coal export regulations by Indonesia and Australia has queered the pitch for Tata Power and Adani Power. But can India afford to forsake such huge assets built assiduously?
The Indian pump industry is growing at an annual CAGR of ~10 per cent - which is higher than the international CAGR average of ~6 per cent - due to the surge in infrastructure development, growth in agriculture and other water intensive industries.
Siemens Ltd launches the most energy efficient low voltage motors in India
Siemens Ltd announced the launch of its new range of energy efficient motor SIMOTICS 1LE7. The new SIMOTICS 1LE7 range of motors is the newest entrant in the existing range of motors offered by Siemens in India. These motors offer efficiency values higher than the IE3 standards which is currently the highest efficiency class as recognized by Indian Standards.
Making coal-based power green
Indian cities suffer from one of the highest pollution levels in the world in regards to air quality. In fact, during the recent Diwali festivities, Delhi breathed in air polluted with particulate matter of up to 14 to 16 times the safe limits.
Tata Power to sell PT Arutmin stake for $247 mn
Tata Power will sell its 30 per cent stake in Indonesia-based coal company PT Arutmin for $246.64 million. ´The sale consideration for PT Arutmin is now revised to $246.64 million from the earlier value of $390 million, pursuant to closing adjustments relating to certain prior period liabilities, which includes settlement of past claims with mining contractor, pursuant to a court order (about $80 million as company´s share) and other statutory liabilities (about $50 million),´Tata Power said in
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