Coalville school to be refurbished as part of Government £1 billion initiative
It has been chosen to be part of the School Rebuilding Programme
Updated
Castle Rock High School in Coalville (Image: Northcliffe Media Ltd.)
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A Coalville school has been selected to be part of the Governmentâs new £1 billion initiative.
Synopsis
The CAG noted that deviations from the provisions of accounting standards in preparation of financial statements in 27 CPSEs were noticed by the statutory auditors, while it pointed out such deviations in 10 CPSEs.
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Compared to the previous year, holding of the central government in equity of CPSEs registered a net increase of Rs 40,370 cror.
India’s national auditor has said that 247 central public sector enterprises (CPSEs) earned profit of Rs 1.78 lakh crore during 2018-19, of which 73% was contributed by 63 companies in sectors of petroleum, coal and lignite and power.
However, The Comptroller Auditor General (CAG) flagged that 189 CPSEs had accumulated losses of Rs 1.4 lakh crore as on March 31, 2019, of which net worth of 77 companies had been completely eroded due to the accumulated losses.
Execution will be critical for the strategic disinvestment policy unveiled in the Budget
The government’s spending plans for 2021-22 hinge on better compliance lifting tax collections, and an ambitious plan to raise non-tax revenue. Finance Minister Nirmala Sitharaman has announced large-scale monetisation of government sector assets, including vast tracts of land, and is banking on disinvestment receipts of ₹1.75-lakh crore. This includes likely inflows from the strategic sale of entities such as Air India and BPCL, carried forward from this year’s plans. The listing of LIC could be completed as well, with necessary amendments in the Finance Bill, and that alone could bolster the revenue kitty. Most significant, however, is the new strategic disinvestment policy for public sector enterprises and the promise to privatise two public sector banks and a general insurance company in the year. The policy, promised as part of the Atma Nirbhar Bharat package, states the government w
Once the coal‐fired power plants currently under construction are completed over the next few years, there is unlikely to be a net growth in India’s coal fleet.
Meat industry backs move away from coal, concerned about livestock cuts
9 Feb, 2021 02:30 AM
3 minutes to read
The Country
Meat industry heads say they re generally supportive of the Climate Change Commission s draft report and its focus on reducing the use of fossil fuels.
However, the Meat Industry Association said in a statement it was concerned about the stated 15 per cent reduction in sheep, cattle and dairy numbers.
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Red meat processors and exporters were committed to reducing and eventually eliminating the use of coal, although achieving the commission s 2037 target will be difficult, Meat Industry Association chief executive Sirma Karapeeva said.