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Tata Power’s subsidiary CGPL raises Rs 570 cr through non-convertible debentures

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Tata Power's subsidiary CGPL raises Rs 570 cr through non-convertible debentures

Symbolic photo (Photo Credit- File Photo)

New Delhi, June 10 : Tata Power on Thursday said its wholly owned subsidiary CGPL has raised Rs 570 crore by issuing non-convertible debentures (NCDs). Tata Power said in a stock exchange information, “Coastal Gujarat Power Limited (CGPL) has raised Rs 570 crore through NCDs issued on private placement basis for a period of three years. With rating, listing, taxable, The NCDs redeemable with guarantee have been issued and allotted successfully.”

The company said that CGPL will use this amount to pay off its existing debt, capital expenditure etc. The company said that the amount will not be used for any work for which the Reserve Bank does not approve the use of such finance. Also read: Maharashtra: NGT forms committee to audit Maharashtra Environment Impact Assessment Authority

The company’s NCDs have been rated IND-AA. Interest will be payable on these at the rate of 5.70 percent, which will be paid annually.

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Petroleum Minister Dharmendra Pradhan said, Congress ruled states should reduce tax on petrol, diesel, kept silence on BJP ruled states

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Petroleum Minister Dharmendra Pradhan said, Congress ruled states should reduce tax on petrol, diesel, kept silence on BJP ruled states

Union Minister Dharmendra Pradhan (Photo Credits-PTI)

New Delhi, June 13 : With petrol and diesel prices reaching record levels, Petroleum Minister Dharmendra Pradhan on Sunday said Congress-ruled states like Rajasthan and Maharashtra should cut taxes on vehicle fuel. However, he remained silent on whether states like BJP-ruled Madhya Pradesh and Karnataka would do the same, where petrol has crossed Rs 100 per litre. Pradhan said that if the Congress is worried about the rising burden of vehicle fuel prices on the common man, then it should cut sales tax on petrol and diesel in the states ruled by it.

Petrol has become costlier by Rs 5.72 per liter and diesel by Rs 6.25 per liter in less than the last six weeks. Auto fuel prices have reached record highs due to rising international crude oil prices and high central and state taxes. Indraprastha Gas Ltd. Talking to reporters after inaugurating the oxygen plant set up by Maharaja Agrasen Hospital, Pradhan said that the central and state governments need additional money from taxes on petrol, diesel to fight the pandemic and other development works. Also read: Karnataka: Policemen thrashed mentally challenged man, eight personnel suspended

He acknowledged that vehicle fuel prices were hurting consumers. Congress leader Rahul Gandhi is a constant attacker on the Narendra Modi government regarding vehicle fuel prices. To a question about this, Pradhan said why fuel is expensive in Maharashtra, Rajasthan and Punjab. “If Rahul Gandhi is concerned about the impact of vehicle fuel prices on the poor, he should ask chief ministers to cut taxes on fuel in Congress-ruled states,” he said. BJP-ruled states like Karnataka will also do the same, where the price of petrol has crossed Rs 100 per liter due to local taxes.

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NATIONAL

Dr. Indira Hridayesh Death: Senior Congress leader Dr. Indira Hridayesh is no more, Rahul Gandhi expressed grief

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Dehradun, June 13: Leader of Opposition and senior leader of Uttarakhand Congress Dr. Indira Hridayesh passed away today due to heart attack. All the countrymen are saddened by his death. Meanwhile, former Congress President Rahul Gandhi has also expressed his condolences by tweeting. He tweeted and wrote, ‘Sad news of the death of Dr. Indira Hridayesh ji, a strong link of Congress party in Uttarakhand. She worked till the end for public service and Congress family. His social and political contributions are an inspiration.

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Karnataka: Policemen thrashed mentally challenged man, eight personnel suspended

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Karnataka: Policemen thrashed mentally challenged man, eight personnel suspended

Police (Photo Credits: Twitter)

Madikeri (Karnataka), June 13 : A 50-year-old mentally challenged man was allegedly thrashed to death by policemen in Madikeri city last week for violating lockdown rules. A senior police official said on Sunday that eight policemen have been suspended following the incident. Karnataka Southern Range Inspector General of Police Praveen Madhukar Pawar told reporters here that a case was registered against the policemen on the complaint of Robin D’Souza, the brother of the deceased.

He said that the Deputy Superintendent of Police of Virajpet submitted a report against eight policemen, on the basis of which all of them have been suspended. Pawar said, “Investigation is being done by the sub-divisional officer (SDM). As per the guidelines of the National Human Rights Commission, we are handing over the matter to the CID.” Family members told that Roy D’Souza was mentally challenged and was living with his mother while his brother Robin was in Bengaluru. Also read: Mumbai: NCB raids Bakery in Malad, cake-pastry mixed with drugs and supplied to high profile people

They told that Roy ran away from his house late on June 8. The policemen saw him roaming around and questioned him for violating the rules of lockdown and beat him up. The family said that on the morning of June 9, his mother was called to the police station, where Roy was lying unconscious. He was first taken to the local private hospital and then to the district hospital where he died. He told that as soon as he got information about the incident, Robin came to Madikeri and lodged a complaint with the Superintendent of Police, Kshama Mishra.

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