Budget Expectations by Mr Ratul Puri Ratul Puri, Chairman, Hindustan Power Group

Ratul Puri, Chairman, Hindustan Power Group Advocates for More Investment and Tax Reforms to Boost Renewable Energy Growth The power sector is driven by four key elements: finance, infrastructure, human capital, and public policy. Our nation aims to install 500 GW of renewable energy capacity by the end of this decade, with solar energy constituting the majority. To achieve this, we must add 40-50 GW of renewable capacity annually, for which significant financial support from the government is required. Upgrading our grids and supporting infrastructure is crucial, along with the deployment…

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ICG rescues critically ill man off Gujarat coast

Indian Coast Guard (ICG) rescued a critically ill Indian national from Motor Tanker Zeal of Republic of Gabon about 20 km off Mangrol coast of Gujarat today, 21 July 2024. The patient had a very slow pulse rate and was experiencing numbness in the lower part of his body, which required him to be rushed for immediate medical attention. ICG Air Enclave, Porbandar immediately dispatched an advanced light helicopter which reached the Motor Tanker Zeal despite high intensity storm winds, heavy rain and bad weather. The helicopter positioned right above…

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Price Heat, Election Jitters Dent Land Deals in Q2 2024, Just 25 for 325+ Acres

  In contrast, Q1 2024 saw 29 land deals closed for approx. 721 acres across the country H1 2024 saw more deals closed than corresponding period in 2023 with 54+ land deals for 1,045+ acres closed, against 46 deals for approx. 950 acres in H1 2023 Of total land deals in Q2 2024, 17 for 163+ acres proposed for residential development, 1 each for agriculture, mixed-use development, data centers, logistics park, industrial, retail & mixed-use Bengaluru tops out with 9 land deals for 114 acres in Q2 2024, followed by…

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The real estate sector is focused on the upcoming budget, scheduled for July 23

The industry is eagerly anticipating sector status in this forthcoming budget. This long-awaited recognition could significantly benefit the construction sector, one of India's largest employers of unskilled and casual labor. It would streamline operations, attract investment, and stimulate overall growth. Additionally, the sector is seeking a simplified approval process through a single-window clearance system and increased support for affordable housing initiatives to meet the needs of the growing population and spur economic development. Pradeep Aggarwal, Founder & Chairman – Signature Global (India) Ltd. & Chairman – ASSOCHAM National Council on…

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National Landslide Forecasting Centre and Landslide Mobile App launched in Kolkata

The Union Minister of Coal and Mines inaugurated the National Landslide Forecasting Centre at GSI, Dharitri Complex, Salt Lake City, Kolkata yesterday. He also launched the Geo-Indication Web Portal and Landslide Mobile App. Shri Janardan Prasad, Director General, GSI and other senior officials of the organization were present at the event apart from dignitaries from various disaster management agencies and stakeholder organizations. NLFC is a pioneering initiative aimed at reducing landslide hazard in India. Soon after its inauguration, residents of Kalimpong, Darjeeling and Nilgiris districts will benefit from live forecast…

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Two of the five largest coal mines in the world are now in India

Gevra and Kusmunda coal mines of South Eastern Coalfields Limited (SECL), a subsidiary of Coal India located in Chhattisgarh, have got second and fourth place respectively in the list of 10 largest coal mines in the world released by worldatlas.com. Located in Korba district of Chhattisgarh state, these two mines produce more than 100 million tonnes of coal annually, which is about 10 percent of India's total coal production. The Gevra opencast mine has an annual production capacity of 70 million tonnes. It produced 59 million tonnes of coal in…

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A group of 32 scientists from 10 countries observed a small object directly interacting with a pair of black holes

A new study by a group of 32 scientists from 10 countries (Finland, Poland, India, China, USA, Czech Republic, Japan, Germany, Spain, Italy) spotted a pair of smaller black holes, marking the first sighting of an orbiting black hole. Several international research groups have already confirmed the theory that there are two black holes at the centre of the galaxy OJ 287, located four billion light years away, which was first reported by astronomers from the University of Turku in Finland. In 2021, NASA's exoplanet-hunting satellite was pointed toward the…

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China-Calcutta service started at Kolkata Port

Syama Prasad Mukherjee Port, Kolkata (SMP Kolkata), a leader in feeder and container services for over three decades, in alliance with Pacific International Lines (PIL), announces the inauguration of China Calcutta Service (CCS) at Kolkata Dock System (KDS). This pioneering direct weekly service from China to Kolkata will meet the growing demand for shorter transit times from Far East ports to Kolkata. The port statement said CCS will have three dedicated vessels – Kota Ria, Kota Rukun and Kota Rakyat – each with an average parcel load of 622 TEU,…

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Danish Car Subscription Service Sees Growing Interest for Franchising in Europe

The car subscription service :Dribe offers car distributors franchising opportunities, which includes a digital end-to-end platform and concept designed to foster growth through flexible subscriptions. The platform integrates with the franchisees' existing resources and operations, and the concept is attracting car distributors from all over Europe.   :Dribe has big plans for expansion throughout Europe. The Danish car subscription service offers car distributors in the UK, Benelux, France, and Germany a unique opportunity to seamlessly integrate subscriptions into their operations. :Dribe has developed a scalable subscription concept and a plug-and-play…

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GST Exemption to small & Micro units shall generate jobs

R.P. Gupta, Industrialist and Author, Book: Turn-Around India More than 30% of total jobs are generated by Small and Micro-enterprises (SMEs), may be of low and middle-income. Recent Credit-guarantee scheme (CGS) for SMEs by Central-Govt. is indeed an excellent support for availing liberal bank-credit up-to Rs.5.0 Crores.   Since 2003, manufacturing SME-units (excluding medium-scale) were availing Excise-exemption on the initial turnover of Rs.1.50 Crores. That amounts to Rs.22.5 lakh/annum considering average excise-rate as 15%. By this, SME units were able to compete with larger-units despite higher production-cost and lower sale-price due…

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