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Business Economy


Punjab to grant NOC/CTE/CTO to green category industries in one day on self certification basis

Chandigarh, May 23 (UNI) In a major decision, Punjab Government has decided to grant Consent to Establish (CTE)/ Consent to Operate ( CTO) to green category industries across the state on the basis of ‘self-certification’ to further promote its ease of doing business concept.
Stating this here on Saturday, an official spokesperson said that the state government had eased out the establishment and operation of industries under Green category by granting CTE/CTO on self-certification basis.
He said that this initiative of the state government would further strengthen the industrial base in the state besides acting as a pivot to attract more investments.
The Spokesperson pointed out that earlier, these clearances were granted to the industry after visiting the site/industry, which used to take an average time of 21 days. With this initiative of state government, the CTEs/CTOs to industries under Green Category is granted on the day of filing the application on the online portal.
This service has already been made available to the industries by Punjab Pollution Control Board by starting the auto grant of clearances, he added.
Pertinently, with effect from April 1 to April 30, 2020 amid COVID-19 restrictions, as many as 29 CTEs, 99 CTOs under the Water (Prevention and Control of Pollution) Act, 1974 and 181 CTOs under Air (Prevention and Control of Pollution) Act, 1981 have been granted to the Green category of industries across the State.
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YES Bank’s Leadership opts for voluntary restructuring of compensation

31 May 2020 | 8:50 PM

Kolkata, May 31 (UNI) YES Bank announced that the Bank’s Leadership team has taken
a conscious and voluntary decision for restructuring of their compensation package for
FY 2020-21, in a manner wherein up to 30% of their total cost to Company (TCC) will be
allocated as variable pay.

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Toyota Kirloskar Motor clocks 1639 units in May 2020, Resumes production in its plant in Bidadi

31 May 2020 | 8:08 PM

Kolkata, May 31 (UNI) Toyota Kirloskar Motor (TKM) on Sunday announced that the
company sold a total of 1639 units in the month of May 2020.

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Kaveri Seeds sales up by 14 86 pc in FY-20

31 May 2020 | 3:02 PM

Hyderabad, May 31 (UNI) The Board of Directors of Kaveri Seeds Company Limited approved the financial results for the quarter ended May 31, 2020 at its meeting held in Secunderabad on Saturday.

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IndiGrid to acquire Jhajjar KT Transco Private Limited from Kalpataru Power Transmission Limited and Techno Electric & Engineering Company Limited

30 May 2020 | 7:15 PM

Kolkata, May 30 (UNI) India Grid Trust (“IndiGrid”), India’s leading infrastructure investment trust, has announced the execution of SPA for acquisition of 100% stake in Jhajjar KT Transco Private Limited (“JKTPL”) from Kalpataru Power Transmission Limited (“KPTL”) and Techno Electric & Engineering Company Ltd (“TEECL”).

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PFC to provide PPE kits, ambulances to Uttarakhand govt in its fight against Covid-19

PFC to provide PPE kits, ambulances to Uttarakhand govt in its fight against Covid-19

30 May 2020 | 4:43 PM

New Delhi, May 30 (UNI) Power Finance Corporation Ltd (PFC) , the central PSU under Ministry of Power and India's leading NBFC, has come forward to provide financial assistance of Rs 1.23 crore to the Uttarakhand Government to fight the COVID-19 pandemic.

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