Tag: corporation

Street positive on long-term capex plans of Power Grid Corporation

Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per cent market share in… Continue reading Street positive on long-term capex plans of Power Grid Corporation

Corporation tax mop-up slips 14%; total tax collection in Q1 rises 3.38%

Premium The decline in the third month slowed due to the advance tax collections that month. Collections from the corporation tax declined nearly 14 per cent year-on-year (YoY) to Rs 1.38 trillion in the first quarter of this financial year (Q1FY24), from Rs 1.61 trillion, despite signs of economic recovery. The revenue under this… Continue reading Corporation tax mop-up slips 14%; total tax collection in Q1 rises 3.38%

Delhi’s municipal corporation removes 2,181 positions across 14 departments

The Municipal Corporation of Delhi (MCD) decided to reduce the number of positions by 2,181 across 14 departments after an independent third-party audit, according to a report by the Hindustan Times. The proposal was approved by the house of councilors on Monday. The audit was conducted by EY (formerly Ernst & Young). The… Continue reading Delhi’s municipal corporation removes 2,181 positions across 14 departments