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Coronavirus outbreak: Rs 16,000-crore solar projects face threat Over 3 GW of solar power projects, awarded in 2018-19, will face delay in commissioning Current Affairs : As China fights the savage coronavirus, business of sunlight based force venture designers in India could fall debilitated. More than 3 GW of sun oriented force ventures, granted in 2018-19, will confront delay in dispatching because of slack in obtaining boards from China, CRISIL said in its report. “Almost 3 GW of sunlight based tasks of worth Rs 16,000 crore could be in danger of punishments for missing their separate planned business activity date if the effect of Coronavirus on exchange with China draws out,” CRISIL said. Near 80 percent of Indian sun based force ventures are worked in Chinese sun oriented hardware. As indicated by the standard terms of intensity buy bargains, non-adherence to finish timetables pulls in punishments. CRISIL Ratings Director Ankit Hakhu stated: “Credit standpoint wil...

Rs 75,000-crore minimum alternate tax credit dilemma grips India Inc Fifteen heavyweight companies have accumulated MAT credit in excess of Rs 1,000 crore each Current Affairs :Tremendous swathes of Corporate India may not be in a rush to move to the new partnership charge system. Ninety-nine organizations, which additionally incorporate some unlisted ones, have more than Rs 100 crore every one of least interchange charge (MAT) credit on their books, in total signifying Rs 75,000 crore. Of these, 15 heavyweights, for example, NTPC, Reliance Industries, Bharti Airtel, Vedanta, and TCS have MAT credit in overabundance of Rs 1,000 crore each. “By using MAT credit, numerous organizations will have the option to cut down their compelling duty cost to 17.47 percent from 25.17 percent (under the new system), prompting considerable expense reserve funds of around 8 percent,” said Saumil Shah, accomplice, Dhruva Advisors. “Just those organizations whose compelling expense cost is h...