Search Result for : Punjab

The Dollar Business Bureau There is a considerable improvement in the number of businesses filing initial GSTR-3B returns, with around 43.67 lakh taxpayers have filed their returns for the month of October within due date, GST Network said on Tuesday. This is highest return filing in a month within the due date, it added. The last date of filing GSTR-3B returns for the month of October was November 20. GSTR-3B is the initial sales return filed by businesses in the GST regime. About 56% of the registered taxpayers have filed the GSTR-3B returns for the month within due date. “The number of taxpayers filing their GSTR-3B returns is showing marked improvement month after month with about 43.67 lakh of ...

The Dollar Business Bureau Companies from various countries including China, Russia and the UAE, have shown interest for establishing businesses in Punjab, a spokesman of the state government said, after meeting various company officials. The foreign companies have evinced interest in diverse fields such as metro railway and defence, the spokesman said. A representative from Russian banking and financial services company Sberbank, on behalf of Russian firm Energo Group Company LLC, met Chief Minister of Punjab Amarinder Singh, with a proposal on projects in waste-to-energy in Punjab, providing turnkey solutions in the field of renewable energy, a statement said. Vigen Sogomonyan, Head - Corporate Banking at Sberbank India branch, said that Energo Group had conducted extensive research in the state and seeing its potential in agriculture, ...

The Dollar Business Bureau Due to adverse weather conditions, the production of mangoes declined around 70% and mango cultivators have suffered huge losses in Uttar Pradesh this year. Therefore, the exports of ‘king of fruits’ would likely to go down from the state. “This year mango production will be between 10 lakh tonnes to 15 lakh tonnes only. There is 70% drop in mango production as compared to previous year,” Insram Ali, President of All India Mango Growers Association (AIMGA) told PTI. Due to low output, the exports of mango from Uttar Pradesh are also negligible as the growers are unable to export it, Ali said. “Though some growers are exporting it, but overall exports of the fruit will be quite less, he added. “There ...

The Dollar Business Bureau Buoyed by increasing cotton prices, Indian farmers have started sowing cotton in a larger area. Sowing has begun on a stronger note in Haryana, Punjab, Karnataka for the 2017-18 season. India is the world’s biggest producer of cotton and a higher output in the country could enrich the cotton farmers who have been under distress due to prolonged drought, adverse market conditions, non-payment of bank loans  and climatic aberrations. India’s current cotton crop for the season ending this September is expected to be 170 kgs or 34.1 million bales. According to M.M.Chockalingam, Chairman of the State run Cotton Corporation of India, “this year farmers received higher prices, so they are going to raise the area under cotton. We are ...

PTI Japan and Punjab today discussed the possibility of cooperation in ventures across the fields like agriculture, manufacturing, infrastructure and commerce to boost investment in the north Indian state. The discussion took place over a formal dinner hosted by the Punjab government for a high-level Japanese business and industry delegation led by Hiramatsu-San, Ambassador of Japan to India. Addressing the delegation, Chief Minister Amarinder Singh said he was looking forward to collaborating with Japan on a wide range of projects across key segments of growth, such as manufacturing, infrastructure, commerce etc. Noting that Punjab and Japan had a huge potential for doing business together, Amarinder extended to the Japanese delegation all support in ensuring ease of business. ...

PTI A top Adani Group official today met Chief Minister Captain Amarinder Singh and evinced interest in expanding investments in Punjab. President and chairman of several key companies of the Gujarat-based group, Pranav V Adani, met Chief Minister Captain Amarinder Singh here today to discuss possible areas of investment in Punjab. The Group already runs a solar power generation unit in Bhatinda in Punjab and has expressed interest in expanding presence in the state to several other important areas of progress and development, an official spokesperson said after the meeting. The Chief Minister invited Adani to share a brief on the various possible areas of cooperation with the state. Captain Amarinder Singh welcomed the possibility of greater investment by the Group in ...

The Dollar Business Bureau  The foundation stone for India’s first second-generation (2g) ethanol bio-refinery is to be laid on December 25, 2016 at Tarkhanwala village in the Bathinda district of Punjab. The bio-refinery would be set up with an approximate investment of Rs.600 crores. This could be one of the major steps to tackle the menace of wheat and paddy straw burning in Punjab. Recently Delhi and its surrounding areas were covered with acrid smog. That was attributed to fireworks, crop burning, vehicle pollutants and construction. The smog was so thick that some people described it akin to living in a ‘gas chamber’. The decision to set up the ethanol plant could in a way solve the chronic problem of crop burning and also ...

The Dollar Business Bureau Union Agriculture and Farmers Welfare Minister Radha Mohan Singh said maize productivity in India has increased 4.8 times, maize farming improved 2.9 times and its yield enhanced 14 times since 1950 due to the efforts of farmers, scientists and also the policy makers. The Agriculture Minister was speaking at the India Maize Summit, organised by by the Federation of Indian Chambers of Commerce and Industry (FICCI) and National Commodity and Derivatives Exchange (NCDEX) in New Delhi on Thursday. Over 308 maize hybrid varieties have been distributed in India after 1957. More than 30 hybrids and 10 mixed varieties have been issued during the previous five years. Government has introduced several schemes in the past two years to encourage farmers. ...