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Indian Express
25-05-2025
- Business
- Indian Express
Himachal CM Sukhvinder Sukhu seeks release of state's dues pending with Centre
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu Saturday flagged the issue of pending central dues to the state, and pitched for higher allocation of funds for hill states by relaxing the eligibility criteria in various schemes. 'If legitimate dues are released in time, Himachal Pradesh will become self-reliant,' Sukhu said. Addressing the 10th Governing Council meeting of Niti Aayog, chaired by Prime Minister Narendra Modi, Sukhu elaborated on the state government's vision to position Himachal Pradesh as the most favourite tourist destination. He said his government is working on a compact package integrating religious, eco, water, nature, and health tourism to attract both domestic and foreign tourists. 'We are also expanding the Kangra Airport to facilitate the landing of the larger aeroplanes which will add to the economy of the region as footfall of tourists will increase manifold,' Sukhu said. He also advocated for state's rights in hydro power projects, calling for the release of free royalty and transfer of projects under PSUs and CPSUs which had completed 40 years of operation. He outlined the state's energy policy, which mandates 12 per cent royalty for the first 12 years, 18 per cent for the subsequent 18 years and 30 per cent for the next 10 years in the power projects. He said that private companies already comply with this policy and emphasized that central PSUs should also follow it as well. Highlighting Himachal Pradesh's role as 'the lungs of North India', he underscored the state's efforts in preserving the forest cover and reiterated the demand for a Green Bonus for protecting the environment. He said the state government has set a target to make Himachal Pradesh a Green Energy State by March 31, 2026. 'In the coming years, Himachal Pradesh will become a pioneering State in green hydrogen production in the country. A one-megawatt capacity green hydrogen plant is being set up in Solan district in collaboration with Oil India Limited', he said. Deliberations were also held on taking action on promoting entrepreneurship, skill development and sustainable employment opportunities, he noted. Later, Sukhu called on PM Modi to discuss royalty issues of power projects and tourism initiatives. Sukhu requested the Prime Minister to provide liberal financial assistance to the state and to release the funds due to the state at the earliest. Chief Minister apprised him about the vision of state government to make Himachal Pradesh a self reliant state by 2032. He said that already state government is making efforts in this direction by formulating schemes and strengthening the existing ones.
Time of India
24-05-2025
- Business
- Time of India
Niti Aayog meet: Sukhu highlights need for release of pending dues
1 2 3 4 Shimla: During the 10th governing council meeting of Niti Aayog in New Delhi on Saturday, Himachal Pradesh chief minister Sukhvinder Singh Sukhu highlighted that if the long-pending dues were released by the Centre in a timely manner, Himachal would become self-reliant. Attending the meeting chaired by Prime Minister Narendra Modi, the chief minister stated that the special needs of the hill states should be taken into account and considered for higher allocation of funds, thereby relaxing eligibility criteria in various schemes. He also elaborated on the state govt's vision to position Himachal as the most favoured tourist destination on the tourism map of the country. The chief minister also strongly advocated for the state's rights in hydropower projects and raised the issue of free royalty, and the handing over of projects under public sector undertakings (PSUs) and central PSUs that completed 40 years. He also raised the matter of royalty aligned with the state govt's energy policy. Sukhu outlined the policy, which mandates 12% royalty for the first 12 years, 18% for the subsequent 18 years, and 30% for the next 10 years in the power projects. Stating that private companies were already complying with this policy, he emphasised that central PSUs should also follow it. Sukhu also informed that Himachal is the 'Lungs of North India' and has contributed significantly to preserving the green cover, adding that the state should receive a 'Green Bonus' for protecting the environment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo He added that the state govt has set a target to make Himachal a 'Green Energy State' by March 31, 2026. In the coming years, Himachal will become a pioneering state in green hydrogen production in the country, he added. A one-megawatt capacity green hydrogen plant is being set up in Solan district in collaboration with Oil India Limited, said the chief minister. CM discusses royalty issues with PM Shimla: Chief minister Sukhvinder Singh Sukhu met Prime Minister Narendra Modi in New Delhi on Saturday and urged him for liberal financial assistance to the state, and to release the funds due to the state at the earliest. Sukhu informed the Prime Minister that the state govt has the vision to make Himachal a self-reliant state by 2032. The state govt is making efforts in this direction by formulating schemes and strengthening the existing ones, he added. Sukhu also elaborated on the initiatives of the state govt in tourism, green energy, power, and other sectors. The chief minister pleaded for safeguarding the interests of the state in hydropower projects and urged fixing a time limit for handing over the projects back to the state. He also raised the issue of free royalty and handing over the projects under PSUs and CPSUs which completed 40 years. Sukhu also urged the PM to protect the interests of apple growers of the state by revisiting the import policy of apples from Turkey and other countries. The Prime Minister assured looking into the matter of import of apples besides assuring sympathetic consideration of other issues. MSID:: 121382494 413 | MSID: 121382404 413 |
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Business Standard
23-05-2025
- Business
- Business Standard
Datanomics: 1 in 4 listed CPSUs fall short of Sebi's 25% shareholding norm
Of 79 listed CPSUs and financial institutions, 21 have not met SEBI's public shareholding requirement, with nearly half of them from the financial sector Jayant Pankaj Listen to This Article Listed firms in India are required to comply with the Securities and Exchange Board of India's (Sebi's) Minimum Public Shareholding (MPS) norm, which mandates that at least 25 per cent of their equity shares be held by the public or non-promoters. The companies have to do so within three to five years of their listing, depending on their market capitalisation. However, central public sector units (CPSUs) and financial institutions have been given a relaxed timeline to do so. They are now required to adhere to the minimum public holding norm by 1 August 2026. The Life Insurance Corporation (LIC),
Time of India
13-05-2025
- Business
- Time of India
Rajasthan accelerates ₹4.23 lakh crore green energy push, targets 125 GW capacity
Bhajan Lal Sharma , Chief Minister of Rajasthan, said the state is rapidly establishing itself as a national leader in renewable energy and industrial growth, with investment commitments worth ₹4.23 lakh crore materializing under the Rising Rajasthan Global Investment Summit . He noted that timely execution of these projects will significantly boost the state's economy and create over six lakh private-sector jobs. Chairing a high-level review meeting, Sharma reaffirmed the government's commitment to facilitating smooth project implementation. To ensure effective coordination, a nodal officer will be appointed for each project. He also directed officials to accelerate land allotment, infrastructure connectivity, and regulatory clearances for wind, hybrid, battery storage, and pump storage projects. State Aims for 125 GW Renewable Capacity Sharma stated that Rajasthan aims to scale up its renewable energy capacity from the current 30 gigawatts to 125 gigawatts in the coming years, positioning the state as a net energy surplus region. This ambitious target will not only make Rajasthan a key player in India's energy landscape but also contribute significantly to the country's overall renewable energy objectives. In addition to solar and wind energy, the government is prioritizing innovative technologies such as pump storage and battery storage systems to enhance energy reliability. Sharma emphasized that these solutions will play a crucial role in balancing energy demand and supply, ensuring a sustainable and resilient energy future for the state. MoUs Underway Across Sectors According to the state government, 31 MoUs have been signed for wind and hybrid energy projects , amounting to ₹4.23 lakh crore, with a total capacity of 66.4 GW. Of these, 14 MoUs, covering 26,970 MW, have been officially registered, and work has commenced on 12 of these projects. In the battery storage sector, 18 MoUs valued at ₹53,900 crore have been signed, involving both manufacturers and project developers. Furthermore, 13 MoUs for pump storage projects, with a proposed capacity of 20.5 GW and a total investment of ₹1.52 lakh crore, have been signed, involving both CPSUs and private developers. Investors present at the review meeting provided the Chief Minister with updates on the progress of their projects and commended the state government's proactive approach in addressing any challenges. They highlighted that Rajasthan has cultivated a highly conducive investment environment under the current administration. The meeting was attended by Sudhansh Pant, Chief Secretary, Alok Gupta, Principal Secretary to CM & Chairman, RRECL, Nathmal Didel, MD, RVPN, Om Prakash Kasera, MD, RRECL, Arti Dogra ,Chairman (DISCOMs), and senior officials from relevant departments, along with key investors in the renewable energy sector.
Time of India
12-05-2025
- Business
- Time of India
Govt to scrutinize 1,000 procurement tenders, assess impact on procurement fall from land border sharing nations
New Delhi: The government will scrutinize 1,000 high value tenders of 25 procuring entities of the Centre including CPSUs to assess the impact of its Public Procurement (Preference to Make in India ) Order 2017, the Department for Promotion of Industry and Internal Trade ( DPIIT ) said. #Operation Sindoor The damage done at Pak bases as India strikes to avenge Pahalgam Why Pakistan pleaded to end hostilities Kashmir's Pahalgam sparks Karachi's nightmare The assessment will cover decrease in procurement from countries sharing land border with India and the quantum of procurement exclusively from Class-I Local suppliers . In public procurement tenders, departments and ministries are allowed to mandate higher than minimum 50% and 20% local content for two separate categories of local suppliers categorised as Class I and Class II. 'DPIIT intends to on-board a consulting agency…The agency shall scrutinize complete tender documents including tender eligibility requirement, technical specifications and other terms and conditions,' it said. Before expiry of each year of the contract period, the agency shall carry out a detailed impact assessment study to assess the impact of PPP-MII Order on public procurement ecosystem, it said. This would include details such as the quantum of procurement exclusively from Class-I Local suppliers by granting them purchase preference and increase in procurement from Class - I and Class - II local suppliers. In July 2020, the government amended the General Financial Rules 2017 to restrict bidders from countries which share a land border with India from bidding in any government procurement contracts on grounds of national security . Such bidders have to register with a Registration Committee constituted by the DPIIT and require political and security clearance from the ministries of external and home affairs, respectively. Live Events In 2024, India tightened the public procurement norms by excluding imported inputs while calculating the local content in its purchase orders. Imported items sourced locally from resellers, distributors, royalties, technical charges paid out of India, and supply of repackaged or refurbished goods are excluded from the calculation of local content. The government also modified the definition of 'local content' through the revision. License fees, royalties, or technical charges paid outside India are excluded while calculating local content. Economic Times WhatsApp channel )
