Solar and wind energy projects may constitute over half of India’s total power capacity of by 2030, according to a draft report by the country’s power-planning body, which sees the country surpassing its climate goals.

Solar and wind projects are seen constituting 440 gigawatts of capacity out of the projected 831 gigawatts in more than a decade, the Central Electricity Authority said in the report Monday.

India’s workforce has fewer women than it did six years ago: no more than 18% in rural areas are employed, compared to 25% in 2011-12 and 14% in urban from 15%. However, in urban areas, the percentage of women in salaried jobs has increased from 35.6% in 2004 to 52.1% in 2017, but continue to be under-represented compared to their presence in self-employed or casual work, according to an analysis of the latest government employment data by Azim Premji University researchers.

West Bengal Finance Minister Amit Mitra came down heavily on the current as well as proposed mechanism of filing goods and services tax (GST) returns as well as "distortion" in the rate structure on Monday, when the Union government celebrated two years of the roll-out of the indirect tax regime.

In a letter to Finance Minister Nirmala Sitha­raman, Mitra attributed sluggish GST collections to distortions in the GST rate structure and complexities in procedures.

Maruti Suzuki India Monday reported a 14 per cent decline in total sales at 1,24,708 units in June as against 1,44,981 units in the same month last year.

Domestic sales during the month were down 15.3 per cent at 1,14,861 units last month compared to 1,35,662 units in June last year, Maruti Suzuki India (MSI) said in a statement.

Supply of coal to the power sector by state-owned CIL declined by 2.6 per cent to 80.9 million tonnes in the first two months of the ongoing fiscal, Government data showed.

This comes amid coal imports rising 12.9 per cent to 235.2 million tonnes (MT) in FY’19 over 208.2 MT imported in FY’18.

India has moved down one place to 74th rank in terms of money parked by its citizens and enterprises with Swiss banks, while the UK has retained its top position, as per data released by the central banking authority of the Alpine nation.

India was ranked 73rd last year, after jumping 15 places from its 88th position a year ago.

New Delhi: Terming the transition to Bharat Stage VI (BS-VI) emission norms from April next year as "joker in the pack", Bajaj Auto Ltd has cautioned that there could be dumping of old BS-IV stock in the domestic market, triggering an "unwarranted price war" in the second half of the ongoing fiscal.

New Delhi: State-run telecom firm Bharat Sanchar Nigam Ltd (BSNL) on Saturday cleared June salary of all its employees, while it awaits clearance of around ₹14,000 crore in dues from the telecom department.

"BSNL has cleared salary payments of all employees for June from internal accruals of about ₹2,000 crore," an official source, who did not wish to be named, told PTI.

The second largest private sector lender ICICI Bank has cut its lending rates by 0.10 percent which will make all the loans cheaper, sources said Monday. The move comes weeks after it cut its deposit rates and amid calls for banks to quickly pass on the benefits of rate cuts by the RBI, which stands at a full 75 bps since February. The bank has cut its marginal cost of funds based lending rate (MCLR) across all tenors by 0.10 percent, they said adding the new rates are effective immediately.

The Securities Appellate Tribunal has imposed a fine on regulator Sebi for an adjudicating officer’s order that resulted in litigation and “harrassment” for a former official of BGIL Films & Technologies. It is a rare instance wherein the Securities Appellate Tribunal (SAT) has penalised the regulator for alleged lapses.

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