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NTPC registers 62% growth in coal production from its captive mines

3. September 2022 sandeep Stock Market Research (0)

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The release said NTPC has taken various steps to augment the coal production from its coal mines

NTPC has produced 7.36 MMT of coal production as per data available on August 31, registering a robust growth of 62 per cent compared to 4.55 MMT achieved during the same period last year.

"With meticulous planning, resource mobilization, and regular monitoring, NTPC has achieved substantial growth even during the monsoon period so far, and is hopeful of sustaining the growth that will help in ensuring uninterrupted, reliable and affordable power generation," an official release said.

It said NTPC has dispatched 7.52 MMT of coal from its captive mines as compared to 5.47 MMT of coal dispatched during the same period last year, registering a growth of 37 per cent.

The release said NTPC has taken various steps to augment the coal production from its coal mines.

The engagement of high-capacity dumpers as well as an increase in the existing fleet size of excavators has allowed the operational mines to increase their production, it said.

Year-long commemoration of 75 years of Hyderabad liberation from Sep 17: Centre

3. September 2022 sandeep Stock Market Research (0)

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I am happy to inform you that the Government of India, after careful consideration of the various aspects, decided to celebrate 75 years of Hyderabad State Liberation.

The Central government will hold a year-long commemoration to mark 75 years of "Hyderabad State Liberation", with Home Minister Amit Shah as chief guest at the inaugural event on September 17, Union Culture Minister G Kishan Reddy said on Saturday.

Reddy has written letters to the chief ministers of Telengana, Karnataka and Maharashtra, inviting them at the inaugural programme at the Hyderabad Parade Grounds.

"I am happy to inform you that the Government of India, after careful consideration of the various aspects, decided to celebrate 75 years of Hyderabad State Liberation.

The Government of India has approved year-long commemoration of "Hyderabad State Liberation" from Sep 17, 2022 to Sep 17, 2023," Reddy wrote in each of the letters dated September 3.He has also requested the three CMs to observe inaugural day of commemoration with suitable events across their states. "I would also request you to identify events and commemorations throughout the year and share these plans with the Government of lndia so that a holistic approach can be taken in planning the yearlong commemorations," he wrote.

The State of Hyderabad which was under the Nizam"s Rule was annexed into the Union of India after a police action codenamed "Operation Polo" that culminated on September 17, 1948.

India becomes 5th largest economy, Twitterati reacts

3. September 2022 sandeep Stock Market Research (0)

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The Indian economy surpassed UK's economy to become the fifth biggest economy, Indian Twitterati reacted to the good news and highlighted various reasons for the country's economic progress.

India leaped past the UK in the final three months of 2021 to become the fifth-biggest economy. The calculation is based in US dollars, and India extended its lead in the first quarter, according to GDP figures from the International Monetary Fund. Twitterati reacted to this feat and tweeted out their feelings of awe.

Also Read : India pips UK to become fifth largest economy

Billionaire businessman, and the chairman of Mahindra Group, Anand Mahindra reacted to the news tweeting out his joy and stating how India has given a reply to those who felt that the country would descend into chaos.

The business tycoon tweeted "The law of Karma works. News that would have filled the hearts of every Indian that fought hard & sacrificed much for freedom. And a silent but strong reply to those who thought India would descend into chaos. A time for silent reflection, gratitude."

The Minister of Commerce & Industry, Piyush Goyal also reacted to the news and shared his excitement in the form of a tweet "India is the world's fifth biggest economy now!"

Also Read: GDP growth surges to 13.5% in April-June on favourable base, but misses estimates

Indian cricket commentator and journalist Harsha Bhogle tweeted about the news and emphasized the role of education in helping the Indian economy surpass the UK.

The veteran cricket commentator tweeted: "Bloomberg says the Indian economy is now larger than that of the UK. I know we are a bigger country with more people but to get here after the brutality and plunder of colonisation, is something to be proud of. Many factors but I believe prioritisation of education is the biggest."

Minister of Health and Family Welfare; Chemicals and Fertilizers, Mansukh Mandaviya credited the Prime Minister's 'dynamic' leadership and cited the mantra of 'reform, perform & transform' as the reason behind the growth of the Indian economy.

The minister tweeted : " India under PM @NarendraModi Ji's dynamic leadership surpasses UK to become world’s 5th biggest economy. With the mantra of reform, perform & transform, New India is writing new pages of success & marching rapidly towards becoming an economic superpower."

The Indian economy is forecast to grow more than 7% this year.The IMF’s own forecasts show India overtaking the UK in dollar terms on an annual basis this year. A decade ago, India ranked 11th among the largest economies, while the UK was 5th.

Odisha registers Rs 1,019 crore OGST collection during August 2022

3. September 2022 sandeep Stock Market Research (0)

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The progressive collection of OGST till August 2022 is Rs 6,267.93 crore against Rs 4,836.75 crore in the same period last year, with a growth rate of 29.59 per cent.

Odisha has registered OGST collection of Rs 1,019.81 crore during August 2022 against Rs 956.47 crore in the same period previous year, with a growth of 6.62 per cent, an official said.

The progressive collection of OGST till August 2022 is Rs 6,267.93 crore against Rs 4,836.75 crore in the same period last year, with a growth rate of 29.59 per cent.

The gross collection of GST during August, 2022 is Rs 3,883.90 crore as against Rs 3,316.55 crore during August, 2021 with a growth of 17.11 per cent. The progressive collection of Gross GST till August, 2022 is Rs 20,366.77 crore against Rs 16,977.92 crore with a growth rate of 19.96 per cent, he said.

Similarly, the total collection of VAT (petrol and liquor) is Rs 933.62 crore during August, 2022 as against Rs 884.22 crore during August 2021 with growth rate of 5.59 per cent.

Of the total VAT, the collection from petroleum products is Rs 750.11 crore during August, 2022 against Rs 727.73 crore collected during August 2021 with growth of 3.08 per cent.

Similarly, the collection from liquor is Rs 183.51 crore during August 2022 against Rs 156.49 crore collected during August 2021 with a growth rate of 17.27 per cent.

The state has also registered a growth of 18.37 per cent in profession tax with a collection of Rs 21.72 crore. during August 2022 against collection of Rs 18.35 crore during August 2021.

During the current fiscal (up to August), 20,269 new tax payers have been brought under the GST fold, the official said, adding that the total e-waybill generated during August 2022 was 15.81 lakh against 14.35 lakh during August 2021 witnessing a growth of 10.17 per cent.

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