Gold
Power gen and consumption see uptick in March: Care Ratings
The report indicates that electricity generation in FY21 was marginally lower than that in FY20 with lower output from conventional sources. Consumption too was slightly lower than a year ago owing to the lower demand in the first five month of FY21.
The addition to domestic power generation capacity in the first 11 months of FY21 at 9.7 GW has been the lowest annualised addition in twelve years and is around half of that a year ago. New capacity addition of conventional as well as renewable energy has slowed down, with the decline in the former being higher. The addition to capacity in the current financial year has been led by solar power.
Distribution Company (discom) dues to generators continue to be sizable. As of end February 2021, the outstanding dues amounted to Rs 0.90 lakh crore.
Electricity generation India’s power generation rose sharply in March 2021 with higher generation from conventional and renewable sources(based on provisional data). Electricity generation during March at 131 billion units (BU) was 17% higher than the previous month and 22% more than March 2020. It was the highest monthly generation on record.
In FY21, domestic electricity generation was 1380 BU, 0.6% less than FY20. This fall was mainly on account of the lower output from conventional sources (thermal, hydro and nuclear), which accounts for around 90% of the total generation.
Read the Care Ratings report here.
BBMP Pledges Faster E-Khata Processing Amid Citizen Complaints
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Delhi HC Orders DDA to Assist CBI in Housing Lapses Probe
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Mahindra Lifespace to Appeal Tamil Nadu GST Tax Demand
Mahindra Lifespace Developers Ltd has announced a tax demand of Rs 20.9 million imposed by the Tamil Nadu GST department, including interest and penalties. The order, issued by the Assistant Commissioner of State Tax, Chengalpattu, cites an alleged shortfall in GST payments under Section 74 of the GST Act, 2017. The realty firm refuted the allegations, stating, “Based on the company's assessment, there is no noncompliance, and a general penalty has been imposed.” The company plans to appeal the order, expressing confidence in a favorable resolution. Mahindra Lifespace assured stakeholders ..
