Textile Minister Anand Sharma has clarified that central government till date has not imposed any tax on export of cotton. On the contrary, cotton exports are eligible for claiming 1% duty drawback. In his strong rebuttal to the statement made by Gujarat chief minister Narendra Modi on meat exports Sharma said in his communication to Modi, &quot;I was at the public meeting at Rajkot on April 4 that the central government was taxing export of cotton while offering subsidies.

Sharma rebuts Modi's claim on tax on cotton exports

Business Standard

Race is hotting up for the post of chairman of Atomic Energy Commission (AEC) as the incumbent Srikumar Banerjee retires on April 30. Ratan Kumar Sinha, director, Bhabha Atomic Energy Centre (BARC), Dr Ravi Grover,director, strategic planning group, Department of Atomic Energy and SK Jain, chairman and managing director Nuclear Power Corporation (NPC) are the frontrunners for the post of AEC chairman who also wears the hat of the DAE Secretary.

Race hots up for Atomic Energy Commission chief post

Now, you can expect build-operate-transfer (BOT) model in coal-based power generation projects. Maharashtra, which strives to become load-shedding free by end of 2012, has initiated a move to hand over to private operator some of the projects of&nbsp; Maharashtra State Power Generation Company (MahaGenco) functioning at below 60% plant load factor (PLF).

Maharashtra moots BOT model in power sector, gets 20 EoIs

The Comptroller &amp; Auditor General (CAG) has rapped the Maharashtra government for lack of a mechanism to carry out a periodic review of the lands allotted to Maharashtra Industrial Development Corporation (MIDC) and other state undertakings. Such a mechanism, according to the CAG, was necessary to ensure that land not required by these undertakings would be available to the government for other welfare measures.

CAG raps Maha govt for no follow-up on land allottments

A race for the post of chairman of the Atomic Energy Commission (AEC) is on, as incumbent Srikumar Banerjee is scheduled to retire on April 30. Top contenders include Bhabha Atomic Energy Centre (BARC) Director Ratan Kumar Sinha, Department of Atomic Energy Director (strategic planning group) Ravi B Grover and Nuclear Power Corporation Chairman S K Jain. The AEC chairman would also be the secretary to the Department of Atomic Energy.

Race for chairman's post at AEC, NPC hots up

Union textiles minister Anand Sharma has clarified that the Central government has not imposed any tax on export of cotton till date. On the contrary, cotton exports are eligible for claiming 1% duty drawback.

Anand Sharma rebuts Modi's claim on tax on cotton exports

Biomass-based power producers, with an installed capacity of 2,664 Mw, have made a strong pitch for according priority sector status on the lines of agro sector. These producers have also appealed to the Centre to launch biomass mission on the lines of solar mission to attract more investments.

Biomass-based power producers seek tariff revision

The Union government will have to amend the Atomic Energy Act, 1962, to divest its stakes in the Nuclear Power Corporation (NPC) which is engaged in increasing its capacity addition to 63,000 Mw by 2032 from the present 4,780 Mw. The state-owned entity&rsquo;s authorised capital is Rs 15,000 crore, while the share capital is worth Rs 10,000 crore.

Amendment to Atomic Energy Act a must for NPC divestment

Maharashtra, striving to become a load shedding-free state by the end of this year, has initiated a move to hand over to private operator some of the projects of Maharashtra State Power Generation Company (MahaGenco) functioning at below 60 per cent plant load factor (PLF).

Maharashtra moots BOT model for power

Property transactions (sale and purchase of residential and commercial properties) in Greater Mumbai during January-March declined an average of 14.8 per cent, compared to 9.11 per cent during the corresponding period of the previous year. However, there was a rise of 11.72 per cent in leave and licence agreements, compared to 10.37 per cent in the year-ago period.

Property deals fell 14.8% in Mumbai in Jan-March

The Comptroller &amp; Auditor General (CAG) has rapped the state government for lacking in a mechanism to carry out periodic review of the lands allotted to Maharashtra Industrial Development Corporation (MIDC) and other public sector undertakings. Such a system, according to the top auditor, is necessary to ensure that the government used the land not required by these undertakings for other welfare measures.

Maharashtra`s idly left allotted lands invite CAG rap

The Maharashtra State Cooperative Bank (MSCB), which is under administrator&rsquo;s rule since May, has missed the March 31 deadline for getting a banking licence from the Reserve Bank of India.

MSCB misses deadline for banking licence

Information technology (IT) services and solutions providers Wipro, CMC Ltd, Allied Digital and ECIL have each filed a Request for Proposal (RFP) for the much-debated project to install 5,000 CCTVs at 1,200 locations this city.

4 firms bid for installation of 5,000 CCTVs across Mumbai

Amid an ongoing controversy over the Comptroller and Auditor General&rsquo;s draft report on coal allocation, the Central Electricity Authority (CEA) has strongly recommended giving the coal sector &ldquo;infrastructure status&rdquo; with tax holiday and duty exemptions.

CEA moots mega-project status for coal sector

Property transactions (sales and purchases of residential and commercial properties) in Greater Mumbai during January-March 2012 have fallen by an average14.80% compared to 9.11% during corresponding period of last year. However, there has been 11.72% rise in leave &amp; licenses agreements against 10.37% during the same period. According to the compilation made by the state stamps &amp; registration department, in Mumbai taluka, which includes Colaba to Sion and Mahim, 811 transaction against 899 in January (minus 9.79%), 664 against 823 in February (minus 19.32%) and 942 against 1030 (minus 8.54%) took place. On the other hand, 969 leave and licenses agreements were registered in January against 840 in 2011 (15.36%), 898 against 824 in February (8.98%) and 1113 against 995 in March (11.86%).

Property deals fell by 15% in Mumbai in Jan-March

In the wake of a Supreme Court order upholding the cancellation of the 20-acre allocation in 2000 to Subhash Ghai&rsquo;s &lsquo;Whistling Woods&rsquo; film institute, Maharashtra government has begun the exercise of revaluing the land.

Maharashtra govt begins compliance with SC order on allotment to Ghai

The Comptroller &amp; Auditor General of India has castigated the Maharashtra government for alleged irregularities in the sale and allotment of land in the past eight years, resulting in loss to the exchequer.

CAG raps Maharashtra govt for shady land deals that resulted in heavy losses

The grand partnership for homeland security between Reliance Industries and global engineering and electronics giant Siemens may be coming apart in just six months, even before it could formally take off.

RIL and Siemens may snap security-solutions venture

IT services and solutions providers Wipro, CMC Limited, Allied Digital and&nbsp;Electronics Corporation of India (ECIL) have submitted request for proposal (RFP) for the much debated project to install 5,000 CCTVs at 1,200 locations across Mumbai. The companies filed their RFP on March 31. State IT secretary Rajesh Agarwal told Business Standard that the government had received RFPs from these companies.

Wipro, 3 others bid to install 5,000 CCTVs in Mumbai

Faraway in the national capital, Vilasrao Deshmukh is down but certainly not out. Opposition parties and baiters in the Congress party here have launched a campaign for the Union minister&rsquo;s ouster from the UPA Cabinet. The trigger is Deshmukh&rsquo;s indictment by various courts and by the Comptroller and Auditor General.

Vilasrao yet to throw in the towel

There is good news for electricity consumers from the south of Mumbai as they will now get to choose their power supplier. Instead of simply relying on the BrihanMumbai Electric Supply and Transport (BEST), an arm of the local civic authority BrihanMumbai Municipal Corporation, for power supply, they can now approach Tata Power.

Sanjay Jog