GOA
- Goa government signs pact with NTPC to get 100 e-buses in state
- The Goa government has signed an agreement with the National Thermal Power Corportaion Ltd (NTPC) for assistance in procuring 100 electric buses and setting up charging stations at all major bus stands across the state.
- The drivers for these buses will also be initially provided through NTPC, while the conductors will be from Goa.
- Earlier, the KTC had also tested biogas and ethanol buses, but they were found not to be feasible in Goa as the raw material required to run them was not freely available in the state. The possibility of acquiring e-buses was then considered, but their cost is high at nearly around Rs 2.6 crore each. The KTC had then asked for assistance from the Centre to acquire the buses.
INTERNATIONAL
· India cuts tax on palm oil imports from ASEAN countries
- The duty on crude palm oil from Malaysia, Indonesia and other members of the Association of South East Asian Nations(ASEAN) was cut to 40% from 44%, while the tax on refined palm oil was cut to 45% from 54% if imported from Malaysia and to 50%, if purchased from Indonesia or other member-nations of Asean.
- In March 2018, India had raised import tax on crude palm oil to 44 percent from 30 percent and lifted the tax on refined palm oil to 54 percent from 40 percent.
NATIONAL
- One District, One Product scheme of Uttar Pradesh
- The government of Uttar Pradesh has initiated One District, One Product scheme to encourage indigenous and specialized products and crafts of the state.
- The scheme aims to capitalize the rich heritage of the Uttar Pradesh by reviving them through modernization to enhance the reach of these products.
- Uttar Pradesh is a vast state with vast diversity in all facets of life. The diversity of products and crafts in UP is breathtaking.
- The One District, One Product aims to revive these traditional heritages by reviving them through modernization and publicisation.
· India to grow by 7.5% in 2019; Settled GST, credit flows had a positive effect : CII
- Growth Outlook for 2019’,Confederation of Indian Industry (CII) stated that India will remain the fastest growing major economy with GDP growth estimated to be 7.5% in FY19.
- The reasons cited for the growth are:
- Better demand conditions, settled GST implementation, capacity expansion resulting from growing investments in infrastructure and better credit inflow especially in the service sector (that is of 24%).
- Additionally, CII had suggested the following:
- only three slabs for GST – a standard rate, a higher rate for demerit goods and a lower rate for some mass consumption items – 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube