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Windfall tax on domestic crude oil cut2 hrs ago
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To understand the relevance of the AFTO policy, we must look at the automobile freight history of the railways. The Indian railways have been transporting motor-vehicles for a long time. Personal vehicles, military vehicles, and tanks, among others, were carried in specially designed wagons, generally by passenger or military trains.
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Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, the first source with knowledge of the matter said.
Among the three bidders, RIL has made the highest offer - of around ₹1,960 crore - to lenders, and most of the money would be paid upfront, one of the persons cited above said. If RIL emerges as the winning bidder, it would mark the conglomerate's entry into coal-based power production.
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