As Finance Minister Arun Jaitley is set to present the Union Budget on February 1, the diamond traders want the presumptive tax to be implemented. They are also demanding permission for minors to sell their rough diamonds in Special Economic Zones (SEZ).

Budget 2018: Will Jaitley pay heed to diamond traders' pending demands?

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Reliance Power on Wednesday said its arm Sasan Power Ltd has made a bullet payment of USD 150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024.
This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, a company statement said.
Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the world's largest integrated coal-based power plant, it said.
It boasts a captive coal mining capacity of 20 MTPA.
The plant supplies electricity to 14 Discoms distribution companies (DISCOMs) across seven states -- Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi -- at the lowest tariff in India of Rs 1.54 per unit, benefiting more than 40 crore people.
For seven consecutive years, Sasan Power has been ranked as the best-performing power plant in India.
The loan repayment further strengthens Reliance Power's balance sheet as the company ...

According to the company this repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating

Maharashtra will soon draft its independent Artificial Intelligence (AI) policy to position the state as a major player in the sector and a leader in technological advancements, a minister has said.
State Information and Technology Minister Ashish Shelar gave the direction to authorities during a meeting with IT Department officials at the Sahyadri Guest House on Tuesday.  The meeting was attended by IT Department Secretary Parrag Jaiin Nainutia, MahaIT Managing Director Jayshree Bhoj, and senior officials from the departments concerned.  During the meeting, Shelar stressed the importance of leveraging AI to boost industries, attract businesses, create employment opportunities, and establish Maharashtra as a major player in the AI sector, an official statement said.
He said the AI era has begun and that the state must seize this opportunity.
"By adopting AI, we can drive economic growth, generate jobs for the youth, and strengthen our position in the global AI landscape," he said.


The India AI Mission, launched by the central government earlier this year with a budget of Rs 10,372 crore, aims to enhance AI capabilities across the nation

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Several roads in Delhi were jam-packed and long queues formed at key metro stations as huge crowds thronged to India Gate, Connaught Place and religious places across the national capital on New Year's Day.
The C-Hexagon at India Gate saw a massive crowd gathering on Kartavya Path, leading to traffic congestion in the area.
Other key spots attracting large crowds included Bangla Sahib Gurdwara, Prachin Hanuman Mandir at Connaught Place, Akshardham Mandir, Jhandewalan Mandir, Khatu Shyam Mandir on GT Road and the Jagannath Temple in South Delhi.
Deepali Verma, a resident of north Delhi, said she came to Hanuman Mandir to seek blessings.
"I wish everyone a very happy New Year filled with peace and prosperity. I have come here along with my husband and son to offer prayers at the temple and seek Lord Hanuman's blessings," Verma said.
According to a police officer, their main focus was on India Gate, Ashoka Road, Hanuman Mandir and Connaught Place.
"We have deployed personnel across 

The C-Hexagon at India Gate saw a massive crowd gathering on Kartavya Path, leading to traffic congestion in the area

A 40-year-old man allegedly died by suicide by hanging himself from a ceiling fan at his residence in Kalyan Vihar area of northwest Delhi, an official said on Wednesday.
The family members of the deceased identified as Puneet Khurana, a businessman, have levelled allegations against his wife and in-laws.
"Khurana's father Trilok Nath has produced his mobile phone and other related articles. The mobile phone of the deceased and other related articles were taken in police possession. The body will be handed over to the family members after post-mortem," said Deputy Commissioner of Police (DCP), Northwest, Bhisham Singh.
The DCP further said that the incident was reported at approximately 4:18 pm on December 31.
"Soon after information, a team was immediately rushed to the spot. The team found Khurana unresponsive on his bed with a ligature mark around his neck, indicating death by hanging," he said, adding further investigation is underway.
The body was transported to the BJRM Hosp

While talking with media persons, Khurana's father levelled allegations against his wife and in-laws. He said they used to threaten him almost every day over financial and property issues

India's growing external and internal threats demand urgent shifts in fiscal focus to strengthen defence, policing, and cyber capabilities

In FY25, the Union government had made a budgetary allocation of Rs 250 crore for India Post

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Budget 2018: Will Jaitley pay heed to diamond traders' pending demands?

As Finance Minister Arun Jaitley is set to present the Union Budget on February 1, the diamond traders want the presumptive tax to be implemented. They are also demanding permission for minors to sell their rough diamonds in Special Economic Zones (SEZ).

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