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Andhra Pradesh govt sends oxygen SOS to Centre

Andhra Pradesh govt sends oxygen SOS to Centre SECTIONS Last Updated: May 06, 2021, 09:42 PM IST Share Synopsis While the central government has now allotted 480 tonnes of medical oxygen to the state from various sources, the maximum consumption per day touched 550 tonnes (including government and private hospitals). Agencies Bids have been finalized for procurement of 15,000 oxygen concentrators, 10,000 D-type oxygen cylinders while purchase order has been issued for 250 new ventilators, highly-placed official sources said. The Andhra Pradesh government on Thursday sent an SOS to the Centre seeking enhanced supply of medical oxygen as the demand is expected to touch 1,000 tonnes by May 15, officials said.

Centre s disinvestment plan: A stress test for zombie steel plants

With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem constitute the divestment list. All the three units of SAIL have been loss-making for more than five years. “Some promoter-driven secondary players could have much bigger interest towards the smaller, really stressed assets put out for divestment, making it a fresh list of buying interest this time,” said Saurabh Bhatnagar, Partner and National Leader, metals and mining at EY India.

Top headlines: Govt likely to ease tax compliance deadline; Nifty turns 25

Govt examining industry demands; breather on tax compliance deadline likely The Union government is examining proposals seeking relief to businesses through extension of compliance timeline for goods and services tax as well as income tax. With India facing the biggest Covid-19 crisis so far, the government has received multiple industry representations, including from micro, small and medium enterprises, wanting a breather of up to three months. PM avoids committing to deadlines on climate, says concrete action needed Prime Minister Narendra Modi on Thursday avoided committing to any deadlines on emission levels or climate change goals, and said India had always been responsible in protecting the climate, was doing enough, and remained committed to sustainable development.

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