All states will implement GST by July 2017. The Constitution Amendment Bill for Goods and Services Tax has been approved by the President of India post its approval in Parliament (Rajya Sabha on 3 August 2016 and Lok Sabha on 8 August 2016) and ratification by more than 50 per cent of state legislatures.
Category: Technology
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Ingeteam takes wind converter supplier top spot
Ingeteam, an independent global supplier of electrical conversion equipment, has announced that it achieved a new record year for the deliveries of its wind power converters worldwide.
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ABB India to deliver digital substation
ABB India will deliver a 110 kilovolt (kV) digital substation to Technopark, the largest Information Technology (IT) park in India, based on built-up area, located in the southern state of Kerala and spanning an area of 930,000 square meters.
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DMRL, JSHL sign licensing agreement for transfer of technology
Defence Metallurgical Research Laboratory (DMRL), Hyderabad, a premier research laboratory of Defence Research and Development Organisation (DRDO) and Jindal Stainless (Hisar) Limited (JSHL) have signed a licensing agreement for transfer of technology of High Nitrogen Steel (HNS) for armour applications.
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ABB India to deliver digital substation for one of IndiaÂ’s largest IT parks
ABB India will deliver a 110 kilovolt (kV) digital substation to Technopark, the largest Information Technology (IT) park in India, based on built-up area, located in the southern state of Kerala and spanning an area of 930,000 square meters. Due to the nature of the industry, the campus is highly dependent on reliable, round the clock power to serve the 350 companies employing more than 50,000 people.
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Ingeteam takes wind converter supplier top spot after record-breaking year
Ingeteam, an independent global supplier of electrical conversion equipment, has announced that it achieved a new record year for the deliveries of its wind power converters worldwide. With nearly 5 GW of new capacity added in 2016 alone, a total of 36,414 MW of wind turbines have been equipped with IngeteamÂ’s technology since 1995, making the Spanish company the worldÂ’s number one supplier of wind power converters.
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Jaypee InfraÂ’s Q3 net loss goes up to Rs 41.39 crore
Jaypee Infratech has said that its net loss has gone up to Rs 41.39 crore for the third quarter ended December 2016. The company had reported a net loss of Rs 25.33 crore for the corresponding quarter of the 2015-16 fiscal, it said in a BSE filing.
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TUV Rheinland launches new asset integrity data management portal
TÃœV Rheinland, a global testing, inspection, certification and consultancy corporation headquartered in Germany with locations in over 65 countries worldwide, has announced the launch of its new, standalone and unique mobile digital solution for the management, analysis and tracking of asset integrity data.
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Ashwin Vasista, Associate, Singhania and Co
The introduction of the Goods and Services Tax (GST) is in itself a path-breaking fiscal reform. Corporate tax and other indirect taxes may be revamped keeping in view GST requirement.
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Talks of realty price correction are highly speculative
What´s come as significant positives for the real estate sector are the announcements on affordable homes. One is the government according it infrastructure status, which means projects in that segment will be able to raise finance at a much lower cost.