Dilip Buildcon bags Rs 730 cr road project from NHAI

download (2).jpgSource: The Hindu Business Line, Jan 18, 2018

New Delhi: Highway developer Dilip Buildcon (DBL) today said it has bagged a road project worth Rs. 730 crore in Madhya Pradesh from NHAI. “The company has been declared L-1 bidder by the National Highways Authority of India (NHAI) for an engineering, procurement and construction (EPC) road project in Madhya Pradesh,” Dilip Buildcon said in a BSE filing.

The project is for construction of four laning from km 624.480 to km 653.225 (delinked stretch of Seoni-MP/MH border) of NH-7 in Madhya Pradesh.Shares of Dilip Buildcon were trading 1.32 per cent higher at Rs. 973 apiece on the BSE.

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India will set up $350-mn solar fund to start mobilisation under ISA

Source: Business Standard, Jan 19, 2018

New Delhi: In order to kick-start fund mobilisation under the International Solar Alliance (ISA), the central government will set up a $350-million solar development fund.Nine companies and banks have agreed to develop and finance various solar projects, which include a $1-billion partnership corpus of NTPC and CLP India to the ISA.

The fund was announced by R K Singh, Minister of Power and New and Renewable Energy, at the first ever outreach programme of the ISA in Abu Dhabi’s World Future Energy Summit (WFES) 2018.

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GST Council rejigs rates of 29 items, 53 services

downloadSource: The Economic Times, Jan 19, 2018

NEW DELHI: India announced a significant revamp of the goods and services tax (GST) framework, including cuts in the rates on 20-litre packaged drinking water, biodiesel, diamonds and precious stones, sugar candies, tailoring services, amusement parks and low-cost housing construction services. The total revenue loss on account of these cuts, which take effect on January 25, is pegged at Rs 1,000-1,200 crore.

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E-commerce cos Amazon, Flipkart & Snapdeal seek more time to adopt MRP norms

Source: ETRetail.com, Jan 18, 2018

Online retail players such as Amazon India, Flipkart and Snapdeal have asked the government for more time to adhere to the new rules that mandate them to display maximum retail price and expiry details of packaged products sold on their platforms.

These platforms are still to fully comply with the January 1 deadline, and have informed government officials that they will need more time given huge inventories of their sellers.

“We issued letters to ecommerce companies in the first week of January to start complying with the rules. While some have not responded, many have responded stating that huge inventories need to be changed and hence they have requested for more time,” an official of the legal metrology division of the consumer affairs ministry said.

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A tech booster coming for domestic coffee industry

Source: The Hindu Business Line, Jan 17, 2018

Bengaluru: India’s coffee sector is seen getting a technology boost with the State-run Coffee Board proposing to introduce a host of initiatives ranging from blockchain to drones soon.

Coffee Board Secretary Srivatsa Krishna said the Board has partnered with Eka Analytics to introduce blockchain technologies into the coffee sector covering growers, consumers, exporters and the trade including cafes on a pilot basis.

Rainfall, soil data

Besides, the rainfall data gathered for over 100 years and soil info are being used to deliver extension and advisory services to the growers on demand through a mobile app, Krishna said at the inaugural of the 7th edition of the India International Coffee Festival.

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E-way bill launch

Source: The Hindu Business Line, Jan 17, 2018

Bengaluru: Deputy Chief Minister of Bihar Sushil Kumar Modi assured businesses on Wednesday that the e-way bill will not suffer the kind of glitches that users experienced in the initial months of GST rollout.

Addressing media persons at the fortnightly Group of Ministers (GoM) meeting, he said the government has confidence in rolling out the e-way bill across 14 States from February 1 this year. Earlier, the GoM had proposed April 1 as the rollout date.

“After the success in Karnataka, we have advanced the launch,” said Modi, adding that this is the second phase of GST rollout.

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With solar boom, 5.6GW RE added in 9 months

Source: The Hindu Business Line, Jan 17, 2018

Chennai: The solar power sector continues to drive the addition of renewable energy capacity in the country. Also, rooftop solar capacity is in the verge of crossing the 1GW mark during this fiscal.

In the first nine months of this fiscal, the renewable energy sector added 5,603MW of new capacity, of which 85 per cent came from solar. The clean energy sector had added 4,341MW of new capacity in the same period previous fiscal.

In April-December 2017, ground-mounted solar projects added 4,492MW, and rooftop projects brought in 272MW. Capacity addition in the wind power sector was 569 MW. Bio power and small hydro added 232 MW and 38MW, respectively.

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