Wednesday 14 May 2014

Waste to Energy

A Task Force on “Waste to Energy” has submitted its report to the Deputy Chairman, Planning Commission Dr. Montek Singh Ahluwalia. 

The Task Force was constituted under the Chairmanship of Dr. K. Kasturirangan to identify technically feasible, financially affordable and environmentally sound processing and disposal technologies for Municipal Solid Waste (MSW). It had also evaluated technological options, financial mechanisms and institutional arrangements to enhance resource recovery and promote Waste to Energy technologies. 

Indian Railways Carry 88.80 Million Tonnes of Freight during April 2014

Indian Railways have carried 88.80 million tonnes of revenue earning freight traffic during April 2014. The freight carried shows an increase of 5.12 million tonnes over the freight traffic of 83.68 million tonnes actually carried during the corresponding period last year, registering an increase of 6.12 per cent.

Global crude oil price of Indian Basket decreased to US$ 105.58 per bbl on 12.05.2014

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to US$ 105.58 per barrel (bbl) on 12.05.2014. This was lower than the price of US$ 106.05 per bbl on previous publishing day of 09.05.2014.
In rupee terms, the price of Indian Basket decreased marginally to Rs 6306.29 per bbl on 12.05.2014 as compared to Rs 6368.30 per bbl on 09.05.2014.  Rupee closed stronger at Rs 59.73 per US$ on 12.05.2014 as against Rs 60.05 per US$ on 09.05.2014. 
The table below gives details in this regard:

Forum Chaired by Dr. Parthasarathi Shome for Exchange of Views Between Industry Groups and Government on Tax Related Issues Identifies 29 Issues in Direct Taxes and 47 Issues in Indirect Taxes that Merited Removal of the Obstacles and Issue of Clarifications or Amendment of Procedures

The Finance Minister Shri P. Chidambaram, in his Press Statement dated August 6, 2012, had laid down the guiding principles in taxation as clarity in tax laws, a stable tax regime, a non-adversarial tax administration, a fair mechanism for dispute resolution, and an independent judiciary that would provide assurance to investors. Regaining the confidence of all stakeholders was the primary objective. 

Towards this goal, in July 2013, the Ministry of Finance constituted a Forum for exchange of views between industry groups and Government on tax related issues or tax related disputes.

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