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		<title>Central team  to Study the Mumbai Power Breakdown </title>
		<link>https://newsmantra.in/central-team-to-study-the-mumbai-power-breakdown/</link>
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		<pubDate>Tue, 13 Oct 2020 05:45:10 +0000</pubDate>
				<category><![CDATA[Political]]></category>
		<category><![CDATA[adani]]></category>
		<category><![CDATA[Central Board of Direct Taxation]]></category>
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		<category><![CDATA[electricity]]></category>
		<category><![CDATA[mumbai]]></category>
		<category><![CDATA[power]]></category>
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		<guid isPermaLink="false">https://newsmantra.in/?p=12817</guid>

					<description><![CDATA[<p>Central team  to Study the Mumbai Power Breakdown Union Minister of State for Power &#38; MNRE Shri R.K .Singh  said that a Central team will visit Mumbai to identify the problem and to find out possible solutions against such break down. He also said  The power supply (in Mumbai) has...</p>
<p>The post <a href="https://newsmantra.in/central-team-to-study-the-mumbai-power-breakdown/">Central team  to Study the Mumbai Power Breakdown </a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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										<content:encoded><![CDATA[<p>Central team  to Study the Mumbai Power Breakdown</p>
<p>Union Minister of State for Power &amp; MNRE Shri R.K .Singh  said that a Central team will visit Mumbai to identify the problem and to find out possible solutions against such break down.</p>
<p>He also said  The power supply (in Mumbai) has been restored substantially. Out of more than  2000 MW which went off, about 1900 MW has been restored, the remaining will be restored soon. The national grid is fine, the problem happened in some parts of the state grid.”</p>
<p>Maharashtra Chief Minister Uddhav Thackeray has ordered an immediate probe into the large-scale outage which is unprecedented for the country&#8217;s financial capital.</p>
<p>Mumbai airport and the stock exchange were functional amid the outage.</p>
<p>The central and western line train services have been restored. Western Railway said the breakdown was due to a grid failure at Tata Power. Commuters were seen walking on rail tracks.</p>
<p>&#8220;The electric supply is interrupted due to TATAs incoming electric supply failure. Inconvenience is regretted,&#8221; Brihanmumbai Electric Supply and Transport (BEST) had tweeted.</p>
<p>&#8220;Due to a technical glitch in Circuit 2 of the Kalva-Padghe powerhouse, the regions between Thane and Mumbai are facing a power cut. Our staff is working on it and power will be restored in an hour or 45 minutes,&#8221; Maharashtra Energy Minister Nitin Raut said.</p>
<p>A major grid failure caused a widespread power outage in Mumbai and surrounding areas on Monday, the first such blackout in more than two years that stranded thousands of train passengers and delayed college exams. The two-hour-long blackout prompted Maharashtra chief minister Uddhav Thackeray to order an inquiry.</p>
<p>The failure was caused by &#8220;technical problems&#8221; during maintenance work, the energy minister of Maharashtra said in a video message. Power has now been restored to many areas of the city, officials and witnesses said.</p>
<p>Thackeray discussed the issue with Shiv Sena MP Sanjay Raut and asked him to make immediate efforts to restore supply in the MMR. An official statement said Thackeray took serious note of the power outage and ordered an immediate probe into it.</p>
<p>Mumbai&#8217;s international airport and the country&#8217;s two main stock exchanges located in the city, the National Stock Exchange and BSE, said they were operating normally.</p>
<p>&#8220;Power cut across the Mumbai Metropolitan Region due to grid failure,&#8221; the Brihanmumbai Electric Supply and Transport agency said on Twitter. Adani Power Ltd and Tata Power Co Ltd, the other two power suppliers to the city of some 20 million, said they had also been affected by the outage.</p>
<p>The state government has asked the suppliers to provide uninterrupted power to hospitals, many of which are treating Covid- infections.</p>
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<p>The post <a href="https://newsmantra.in/central-team-to-study-the-mumbai-power-breakdown/">Central team  to Study the Mumbai Power Breakdown </a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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		<title>IT Raids on BMC Contractors</title>
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		<dc:creator><![CDATA[Newsmantra]]></dc:creator>
		<pubDate>Fri, 15 Nov 2019 06:46:38 +0000</pubDate>
				<category><![CDATA[Mantra View]]></category>
		<category><![CDATA[BMC]]></category>
		<category><![CDATA[Brihanmumbai Municipal Corporation]]></category>
		<category><![CDATA[CBDT]]></category>
		<category><![CDATA[Central Board of Direct Taxation]]></category>
		<category><![CDATA[income tax]]></category>
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		<guid isPermaLink="false">https://newsmantra.in/?p=8750</guid>

					<description><![CDATA[<p>The Income Tax Department has detected alleged irregularities to the tune of Rs 735 crore after conducting searches on civil contractors working for the Brihanmumbai Municipal Corporation (BMC), the Central Board of Direct Taxation (CBDT) said on Thursday. The CBDT is the policy-making body for the tax department. The department said incriminating evidence collected...</p>
<p>The post <a href="https://newsmantra.in/bmc/">IT Raids on BMC Contractors</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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										<content:encoded><![CDATA[<p><span class="mceItemHidden">The Income Tax Department has detected alleged irregularities to the tune of Rs 735 crore after conducting searches on civil contractors working for the <span class="hiddenSpellError">Brihanmumbai</span> Municipal Corporation (<span class="hiddenSpellError">BMC</span>), the Central Board of Direct Taxation (<span class="hiddenSpellError">CBDT</span>) said on Thursday. The <span class="hiddenSpellError">CBDT</span> is the policy-making body for the tax department.</span></p>
<p>The department said incriminating evidence collected during the raids show &#8220;large-scale tax evasion and money laundering&#8221;. <span class="mceItemHidden">Sources said the I-T sleuths also carried out surveys at the premises of a few <span class="hiddenSpellError">BMC</span> officials.</span></p>
<p><span class="mceItemHidden">&#8220;Raids <span class="hiddenGrammarError">were carried</span> out on entry providers and beneficiaries who <span class="hiddenGrammarError">have been engaged</span> <span class="hiddenGrammarError">in execution of</span> civil contracts mainly in <span class="hiddenSpellError">Brihanmumbai</span> Municipal Corporation (<span class="hiddenSpellError">BMC</span>),&#8221; the Income Tax Department said in a statement. &#8220;There were reports that certain contractors had taken entries in the form of loans, etc., from entry providers and inflated expenses in the books of accounts to suppress income.&#8221;</span></p>
<p><span class="mceItemHidden">In its statement, the <span class="hiddenSpellError">CBDT</span> said reports had shown certain contractors had taken entries in the form of loans among others from entry providers and also inflated expenses in the books of accounts to suppress income. &#8220;Incriminating evidences showing <span class="hiddenGrammarError">large scale</span> tax evasion and money laundering have been found,&#8221; the tax body said, adding it has so far detected irregularities to the tune of Rs 735 crore and <span class="hiddenGrammarError">the extent of</span> accommodation entries <span class="hiddenGrammarError">is being quantified</span>.</span></p>
<p><span class="mceItemHidden">The operation &#8220;also led to <span class="hiddenGrammarError">the detection of</span> the use of bogus companies (floated by entry providers) for giving entries to businesses in the form of loans or bills for expenses, among others&#8221;, it added.</span></p>
<p><span class="mceItemHidden">&#8220;In the case of the entry providers, systematic modus operandi of bank fraud and forgery <span class="hiddenGrammarError">has been detected </span>whereby the promoters have made investments in immovable properties and shares of group companies by siphoning off the bank loans,&#8221; said the <span class="hiddenSpellError">CBDT</span>.</span></p>
<p><span class="mceItemHidden">In the case of the contractor groups, several instances about inflation of expenses by bogus purchases/sub-contracts and taking of loans from entry providers <span class="hiddenGrammarError">have been identified</span>, the statement claimed.</span></p>
<p>The post <a href="https://newsmantra.in/bmc/">IT Raids on BMC Contractors</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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