Modi Government good work

MP Kirron Kher inaugurated a 50 kWp Grid Tied Rooftop Solar Photovoltaic Power Plant at Government Model Senior Secondary School, Sarangpur village Kher on this occasion said, “I appreciate the efforts taken by the Chandigarh Administration in developing Chandigarh as a Model Solar City. One of the smart initiatives being started from this village is ‘production of power through renewable energy’.” She desired that other schools of Sarangpur should also have solar plants in shortest possible time. Santosh Kumar, Director, UT Science and Technology Department, said 50 kWp grid tied rooftop solar photovoltaic power plant project had been implemented by the Chandigarh Renewal Energy, Science and Technology Promotion Society (CREST). The total cost of the project is Rs 45.47 lakh, which includes operation and maintenance charge for 10 years. The plant will be able to generate 62,500 kWh (units) per year, he said.

The Modi government could net a handsome Rs 20,000-25,000 crore in taxes and penalties under a special three-month compliance window opened in early July for Indians to reveal their undeclared overseas wealth, people aware of the trend in these disclosures told FE. Such wealth declared by the people who used the window could be over R40,000 crore. The substantial additional tax collections via this limited compliance window, sources said, would offer a peek into the mammoth size of India’s black economy, which still remains largely veiled. Taxes and penalties collected from users of the compliance window under the new black money law would also help the Centre in fiscal management. It needs to bolster public expenditure to spur economic growth, even as it is constrained by the emerging liabilities from the recently announced one rank, one pension policy for the armed forces and the additional budgetary allocations promised for recapitalization of public sector banks. The cur...