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Ambani's lockdown cheques cement RIL's road to zero debt

RIL sold stakes in Jio to FB, Silver Lake, Vista Equity, KKR & General Atlantic to raise Rs 78,562 cr.

Aluminium Tariffs

31 May, 2020, 01:12 PM IST



Aluminium Association of India urges CERC to look into markets for renewable energy certificates

AAI vice-chairman Rahul Sharma said in an official statement that the association feels it is apparent that price of solar RECs in the last one year have shot up by more than 125% from Rs 1000/MWhr to Rs 2250/MWhr, resulting in an additional burden of Rs 1.25/kwh of RE energy compliance for all consumers.

US tariffs on derivative steel, aluminium imports take effect

US President Donald Trump signed a proclamation two weeks ago to raise tariffs ...

Government decides not to fiddle with regulated power tariff

The power ministry is now considering giving broad guidelines to the CPSEs but i...

  • Lenders and power companies have said that most projects have not placed orders for the equipment and hence it was not possible for them to complete retrofitting these equipment by 2022. Some financial institutions have sought the government’s intervention in advancing the deadlines by two years.

    Within a week of the announcement of lockdown from March 25, telcos had extended the prepaid validity of their low-income subscribers till April 17 and further to May 3 on subsequent announcement of lockdown extension. Airtel and Vodafone Idea also credited Rs 10 talk time credit to such users whereas Jio gave 100 minutes of free talk time and 100 text messages to all its users.

    The researchers say the current industrial application of wrought magnesium alloys in structural components is very limited due to their poor strength, poor ductility, yield strength asymmetry and lack of high strain rate superplasticity despite their density being two-third of aluminium and one-quarter of steel.

    Bharti Airtel had, on Monday, reported Q4 loss at Rs 5,237 crore, mainly on account of provisioning for paying statutory dues, while its full year losses ballooned to a record Rs 32,183 crore.

    The United Kingdom on Tuesday announced a new post-Brexit tariff regime to replace the European Union's external tariff, maintaining a 10% tariff on cars but cutting levies on tens of billions of dollars of supply chain imports.

    New Delhi also told the World Trade Organization (WTO) on Friday that it cannot agree to permanent tariff concessions on medical products, which is a nascent domestic industry.

    "The domestic sales loss has been offset by companies adroitly exporting more, thanks to high cost-competitiveness that stems from improved sourcing and lower input costs,” said the report.

    The list of goods, posted online by the Customs Tariff Commission of the State Council, includes medical disinfectant, rare-earth metal ores, and some silicon wafers used in the electronics industry. They will be exempted from retaliatory tariffs for a year from May 19, and tariffs that have been levied can be returned.

    The commission issued this order by rejecting the request of power distribution companies like CESU, Southco, Nesco and Wesco to hike power tariff in the state.

    Copper futures on Wednesday fell 0.90 per cent to Rs 396.55 per kg as speculators reduced their exposure due to weak spot demand.

    The cold stores need to run 24X7 to preserve the stored goods. The compressors cannot be shut down even when the capacity is not fully utilized. The movement of perishables to and from cold stores has considerably reduced during the lockdown period and has led to severe liquidity crunch for the promoters,” said Harsimrat Kaur Badal.

    Smriti Irani-led textiles ministry has initiated talks with commerce ministry on how to address the issue. “The issue is all masks have the same HSN code. N-95 and surgical masks are required for Covid-19. The issue is now being examined,” said an official in the know of the details.

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