Three arrested traders sent to jail in GST scam
The probe agency searched nine places in Jharkhand and West Bengal and nabbed Amit Agrawal on Thursday.The next hearing in the case would take place on May 13.ED officials said the accused allegedly generated Rs 14,325 crore fake invoices, resulting in ineligible input tax credit claims of over Rs 800 crore under GST.
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Time of India
14 minutes ago
- Time of India
Relaxed emission norms for thermal generation to reduce power costs
AI image NEW DELHI: The mandatory retrofitting of coal-fired generation plants with mechanisms to reduce sulphur emission will apply to only units within 10 km of cities with population exceeding 10 lakh instead of all power stations under a 2015 mandate. The revised policy, notified on Saturday, is expected to reduce the cost of power by 25-30 paise per unit, officials and experts involved in the revision of the earlier mandate for installation of FGD (flue gas desulphurisation) units at all power plants said. The new norm lets off the hook 79% of the country's thermal generation capacity, a fact that environmental activists have used to criticise the revision. But officials argued that the 'evidence-based recalibration' makes the policy 'focused, efficient and climate-conscious." For example, they said, under the revised policy, new plants in critically polluted areas or non-attainment cities will be evaluated on a case-by-case basis instead of an omnibus application that would push up the cost of power. The notification justified the revision, saying it is in line with the analysis by the Central Pollution Control Board, which found increased carbon dioxide emissions resulting from the operation of existing control measures. Additionally, studies by IIT-Delhi, CSIR-NEERI and the National Institute of Advanced Studies put ambient sulphur dioxide levels in most parts of the country within the National Ambient Air Quality Standards. Power producers have been opposing the blanket FGD mandate for all plants due to the high cost involved. Industry estimates put the cost of installing FGDs at all power plants at Rs 2.5 lakh crore, or Rs 1.2 crore per megawatt. This, industry representatives had said, would jack up tariff for consumers. Additionally, the average timeline of 45 days for each unit was also cited as a threat to grid stability during peak seasons. Differentiated compliance based on proximity to urban populations and the sulphur content of the coal used will ease the burden on power producers, industry executives said. Indian coal typically has a sulphur content of less than 0.5% and due to high stack heights and favourable meteorological conditions, dispersion of SO2 is efficient. Measurements across multiple cities showed sulphur oxide levels ranging between 3 and 20 micrograms per cubic meter, significantly below the NAAQS threshold of 80 micrograms per cubic meter. The officials said studies had also questioned the environmental and economic efficacy of a universal FGD mandate in the Indian context. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
15 minutes ago
- Time of India
CCTV, boom barrier cables worth Rs 1L stolen twice from I-T underpass
Ahmedabad: Cables installed for CCTV cameras and boom barriers at the Income Tax underpass in Ahmedabad were stolen twice over a span of three months, causing a loss of approximately Rs 1.15 lakh to the agency working under the Ahmedabad Municipal Corporation (AMC), stated an FIR filed with Navrangpura police on Saturday. Siddharth Bhadani, a project manager with Guarantor Technologies Pvt Ltd, stated in his FIR that his firm was contracted by AMC to install automatic boom barriers and CCTV cameras at underpasses across the city under the monsoon activity plan. According to the FIR, the agency installed boom barriers and CCTV cameras at the Income Tax underpass on March 1. The wiring included three-core, two-core, and CAT-6 cables, all fixed using PVC pipes along the walls. The monitoring of the system was done from the agency office and AMC's control room at Danapith. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad "On March 18, when I went to inspect the incomplete wiring work, I found that approximately 750 metres of cable was stolen from the site. We informed the police through an application," Bhadani said. However, on July 4, when the complainant visited the AMC control room to inspect the cameras, he found the Income Tax underpass cameras were non-functional since 12:48 pm on July 3. "When I visited the site, I saw that about 450 metres of cables was stolen again. The total value of both thefts is estimated at Rs 1.15 lakh," he stated. Navrangpura police registered a complaint of theft and began an investigation into the case.
Time of India
19 minutes ago
- Time of India
60L boost for shopping complex at Thycaud market
Thiruvananthapuram: The long-awaited Thycaud market shopping complex is one step closer to completion with mayor Arya Rajendran approving Rs 60 lakh from the corporation's own funds. The fund allocation comes as the shopping complex, being developed by the city corporation at a cost of nearly Rs 1 crore, nears the final stages of construction. The project, located in the heart of Thycaud, is envisioned as a major infrastructure boost for the local community. The building's ground floor is fully dedicated to market facilities. Electrical work in the building has commenced. The newly sanctioned Rs 60 lakh will be utilised for essential final-stage construction works. These include compound wall construction, flooring, roofing, drainage systems and an underground pipeline to manage stormwater flow. Administrative approval for these components was granted as part of mayor's commitment to expedite public utility projects. Once completed, the shopping complex is expected to modernise the area's trading environment and offer better amenities to both vendors and consumers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Hear true cinema with boAt Boat Buy Now Undo Meanwhile, the civic body cleared all hurdles to evict vendors at Palayam Connemara market as part of market redevelopment, expected to begin in August. All evicted vendors were given space at the temporary complex that was constructed behind the market.
