Hi, NewsWrap for February 22, 2022

GST Applicable On Seeds Used In Agriculture, Govt. Releases Buffer Stock of Onion, NTPC Pays Interim Dividend, IMD Issues Heavy Rains Alert

22 February 2022

  • IMD Issues Heavy Rains Alert In These States For The Next 5 Days

    Heavy rains are expected in Andaman and Nicobar today, according to the India Meteorological Department (IMD). Furthermore, a wet period is expected to persist for the next several days in a few states, including Tamil Nadu and Kerala, due to the effect of a new western disturbance and the circulations caused by it, the weather agency said in its forecast on Tuesday. In the meantime, temperatures are expected to soar in most sections of the country during the following few days.

  • Agriculture Tax: GST Applicable On Seeds Used In Agriculture Says Two Tax Rulings

    In two judgements, the Telangana Authority of Advance Ruling (AAR) declared that seeds are not "agricultural produce" and should be subject to the goods and services tax (GST), a move that could complicate the agriculture sector in the future. The AAR stated in both judgements that "seed" and "grain" are addressed separately.

  • Govt. Releases Buffer Stock of Onion to States to Check Price Hike

    To prevent a sudden increase in retail onion prices, the Centre announced on Friday that it has begun offloading the buffer stock in a calibrated and targeted manner to states where prices have risen in recent months. The buffer stock is being released even in Maharashtra's Lasalgaon and Pimpalgaon wholesale onion mandis to supplement supplies in these areas, according to a statement from the Consumer Affairs Ministry. The states had been offered onion for Rs 21/kg ex-storage locations, according to the ministry. The Mother Dairy's Safal shops were also supplied at Rs 26/kg, including transportation costs, according to the statement.

  • NTPC Pays Interim Dividend of Rs 3,879 Cr for 2021-22

    For the financial year 2021-22, the state-owned power company NTPC issued an interim dividend of Rs 3,878.67 crore. The dividend is equal to 40% of the company's paid-up equity share capital, according to a statement. NTPC has paid a dividend for the 29th consecutive year. The company's total installed capacity is 67,832.30 MW, comprising 23 coal-fired, 7 gas-fired, 1 hydro-electric, and 19 renewable energy projects. NTPC has 9 coal-fired, 4 gas-fired, 8 hydro, and 5 renewable energy projects in joint venture.

On the news

22 February 2022

That's it for for 22 February 2022
Previous
Next