Companies & Sectors
Tata Trusts partner with Maharashtra for developmental projects
Mumbai : The Maharashtra government and Tata Trusts have signed multiple MoUs to improve community developmental indicators spanning various sectors in the state, an official said here on Thursday.
 
The memorandums of understanding were signed in the presence of Chief Minister Devendra Fadnavis and Tata Trusts Chairman Ratan Tata to conceptualise new programmes and implement existing initiatives to deliver a positive impact on the state's overall development.
 
The state government will be able to achieve convergence and improve efficiencies across its governance, data management, healthcare and nutrition, literacy and welfare initiatives, juvenile justice and other programmes.
 
Tata Trusts will guide in setting up these initiatives, provide strategic and technical advisory support and oversee the implementation of all the programmes.
 
For this, Tata Trusts will collaborate actively with the public health department to set up strategic healthcare advisory units, design a micronutrient deficiency prevention programme and join hands with the food, civil supplies and consumer protection department to arrest malnutrition and other measures.
 
Its planning department will partner with the government to design and implement a model data platform for better implementation of government programmes as part of 'Digital India' vision.
 
It will also collaborate with other major departments like home, women development corporation, Maharashtra state rural livelihood mission, mahila arthik vikas mandal and State Institute of English for various other programmes.
 
"We are pleased to partner with the Maharashtra government to realise our common vision and endeavour of community development and well being. It can only be achieved through focused, innovative and relevant on-ground interventions that will make a real difference to the people," Tata said on the occasion.
 
"We should leverage our strengths to promote more fruitful cooperation in key areas like nutrition, governance, data management, healthcare, education and literary to reinforce welfare initiatives and programmes," the chief minister said. 
 
Fadnavis said it will help propel the socio-economic development of Maharashtra to new heights.
 
All the programmes would include members from the state-level governance boards of various departments, senior advisors from Tata Trusts and its ecosystem of partners.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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SC indicates ECC on diesel SUVs, luxury cars registration
New Delhi : The Supreme Court on Thursday indicated that it may impose environment compensation charge (ECC) on registration of SUVs and luxury diesel cars in case it lifts its order banning registration of such vehicles with engine capacity of 2,000 cc and above in the National Capital Region.
 
A bench of Chief Justice T.S. Thakur, Justice A.K.Sikri and Justice R. Banumathi indicated this as it said that it could modify its December 16, 2015, order banning the registration of diesel cars with engine capacity of 2,000 cc and above to the extent that their registration would be accompanied with the ECC. 
 
It meanwhile continued its December 16 order, banning registration of SUVs and private cars with 2,000 cc and above capacity using diesel as fuel.
 
The court also extended the order by one month till April 30, asking private diesel taxi owners to switch over to CNG.
 
In its December 16 order, the court, noting that diesel vehicles with higher engine capacity were more prone to cause higher levels of pollution, had justified the ban saying that these vehicles were used by more affluent sections of the society and a ban on their registration would not affect the common man. 
 
Thursday's indication that it may impose about 10 percent of the cost of the diesel vehicle as ECC at the time of their registration came as a number of senior lawyers appearing for different vehicle manufacturers and their association sought to impress upon the court that the perception that diesel vehicles were contributing more to the air pollution that the patrol run vehicles was misplaced.
 
"We are conscious of the fact that it will affect the companies. We are not targeting any company. It is your city (national capital). You have to step out and breathe," Chief Justice Thakur said as some of the senior lawyers tried to resist the suggestion.
 
As senior counsel in unison urged the court to revisit its December 16 order, the court was unmoved, saying: "We can modify our order to the extent that let all cars be registered but on paying ECC." 
 
Holding that people using luxury diesel cars were not bothered about others, the court said: "Why should these (affluent people) pollute the city and pout other lives at risk."
 
It then asked senior counsel Gopal Subramaniam appearing for Mercedes-Benz how much the basic model of the car being sold by them was costing. 
 
On being told that it was in the range of Rs.45 lakh, Chief Justice Thakur said: "People who are buying your car would not mind paying another Rs.5 lakh. Instead of Rs.45 lakh they will pay Rs. 50 lakh.”
 
Another senior counsel said that though Innova and Tata Safari fell in the category of higher capacity diesel engine but then they were not luxury cars and were being used as taxis by the private operators.
 
As senior counsel pressed for lifting of the ban, the court said that it would decide the matter only after hearing them and said that such a daylong hearing could take place on any Saturday. 
 
As different counsel consented to the suggestion to hold the hearing on Saturday, the court asked them to sit together to give a consolidated view on the issues they are seeking to raise. 
 
Asking them to narrow down the area to be examined by it, the court asked the counsel to work out the five categories to be examined and said: "We will deal with each category." 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Take measures to recover loans: CAG to Delhi government
New Delhi : The Comptroller and Auditor General (CAG) of India has recommended to the Delhi government to take effective measures to recover outstanding loans.
 
"The total expenditure during 2014-15 at Rs.29,593.37 crore has decreased by Rs.3131.94 crore (9.57 percent) over the previous year. Of the total decrease, capital expenditure constituted Rs.303.48 crore and loans and advances constituted Rs.3,972.43 crore," said the CAG report for 2014-15 which was tabled in the Delhi assembly on Thursday.
 
The report said the revenue receipts had increased by Rs.1,603.90 crore (5.73 percent) while tax revenue increased by Rs.685.21 crore.
 
"The government should take effective measures to recover outstanding loans from the entities/institutions. It should also consider increasing the capital expenditure to have positive impact on economic growth," the CAG report recommended.
 
The report also pointed out that Rs.6,093.85 crore remained unutilised in the financial year 2014-15.
 
"Against total provision of Rs.3,717.99 crore during 2014-15, an expenditure of Rs.31,024.14 crore was incurred which resulted in savings of Rs.6,093.85 crore," the report said.
 
"The government may consider taking up the matter with Public Account Committee Secretariat for regularisation of excess expenditure. It is also recommended to prepare realistic budget estimates to avoid large savings and supplementary provisions," the report suggested. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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