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Officials of the power ministry discussed the need to restructure the power system to make states responsible for the financial health of their power distributions companies (discoms), with the NK Singh-led FC. This would entail recalibrating state borrowing limits under the Fiscal Responsibility and Budget Management (FRBM) Act, to account for the added liabilities, theContinue reading

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The company has signed a memorandum of understanding (MoU) with the Tamil Nadu government, covering Rs 2,277 crore of investments designed to expand its commercial vehicle production, DICV said in a statement. Read more at: https://economictimes.indiatimes.com/industry/auto/auto-news/dicv-to-invest-rs-2277-cr-to-expand-commercial-vehicle-production-at-oragadam-plant/articleshow/76071297.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link. https://www.moneycontrol.com/news/india/tamil-nadu-inks-deals-for-over-rs-15100-crore-investment-to-create-47000-plus-jobs-5321801.html

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The overall package, which stood at Rs 20,97,053 crore, included the Rs 1.92 lakh crore stimulus from measures announced by PM Modi recently such as the Pradhan Matri Garib Kalyan Package worth Rs 1.7 lakh crore. https://www.financialexpress.com/economy/breakup-of-the-rs-20-lakh-crore-economic-stimulus-package-by-fm-sitharaman/1961843/

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