Tag: Delhi

TDS from Delhi region seen at Rs 46,739 cr in 2016-17

TDS from Delhi region seen at Rs 46,739 cr in 2016-17

12/07/2016 15:46

More than 40 per cent of tax collection, that is Rs 46,739 crore, is expected to come through TDS from the Delhi region in the current fiscal, a senior tax official said as per the PTI report.

“There are region-wise targets. Our target as on date is Rs 46,739 crore for the year, which is allocated to TDS (tax deduction at source) out of the Rs 1,15,000 crore overall target (for the Delhi region). So, you can imagine how important is TDS,” Chief Commissioner of Income Tax-TDS, Nutan Sharma said on the sidelines of an industry event.

She delivered the inaugural address at a seminar on ‘Tax Deduction at Source’ organised by an industry body.

The top tax official noted that TDS collection has risen very fast over the last few years and it is one of the main sources of tax collection.

“Everyone knows from top to bottom that TDS is our main source of collection. It is main source of our revenue not only in direct taxes, but in the overall collection of the government,” Sharma said in her address.

For the Delhi region, the tax department has been witnessing a consistent growth of 14-15 per cent in TDS collection since restructuring of the department in 2014.

“Insofar as Delhi is concerned, TDS is a very big source of revenue collection and 45 per cent of the entire collection of Delhi comes through TDS,” she added.

Pointing to difficulties faced by deductors in TDS collection, the chief commissioner assured the audience that the government is trying to improve the system.

“We are trying to bring most of the things under the TDS net and that is to facilitate taxpayers only and make them more compliant also. We have been revising it, considering wherever rates are higher and are lowering it. Wherever some more items have to be brought under TDS, we are doing that,” Sharma said.

She disclosed that all these efforts are paying off as tax payers are becoming more compliant.

In the same vein, she spoke of the need for tax officials to take stern action in cases of default as “the government can’t forgo the taxes”.

“In a developing country like India, we can’t afford that. The taxes which are needed today have to come today only,” Sharma made it clear.

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Delhi’s power demand breaks record, rises to 6044 mw

Delhi’s power demand breaks record, rises to 6044 mw

20/05/2016 11:16

Delhi’s power demand has broke all previous records, breaching the 6,000 MW mark for the first time, even as residents across several areas of the megapolis sweated out owing to outages in the midst of a tormenting heat wave.

The State Load Despatch Centre recorded the maximum power load of 6,044 MW at 3.36 pm, earlier at 2.34 pm the electricity demand peaked at 6,011 MW. As compared to last year, the rise totals to an increase of over 20 per cent.

The previous record was logged on July 11, 2014 when consumption had touched 5,925 MW. Authorities urged residents to stop using non-important power guzzling appliances during peak hours.

The state-run Delhi Transco Limited (DTL) said demand of power has gone unpredictably high in the last few days and stated that non-payment of dues by BRPL and BYPL was hampering operations and maintenance activities.

Due to a snag with DTL’s Bamnauli-Pappakalan 220 KV transmission line for a couple of hours, power supply in parts of West Delhi, including Dwarka and Uttam Nagar was impacted, power officials said.

Although DTL put the onus on the discoms saying it is getting its legitimate dues (over Rs.2,000 crores) which have been duly approved by Delhi Electricity Regulatory Commission.

Metro trains to carry over 45 lakh commuters by 2017 end

22/01/2016 10:14

The Delhi Metro Rail Corporation (DMRC) has said that it will boost its services further to carry over 45 lakh commuters by 2017 end.

As per reports, metro will add 420 more coaches in its existing trains, now having 1282 coaches, as a result of which its capacity will grow substantially. Additionally, 486 more coaches wil get added when new lines under Phase III, which will add another 110 km of metro line in 2016-17, will get operationalised, further easing the situation.

Commenting on the issue, a DMRC Official told the media, “Presently, DMRC carries 31 lakh passengers a day and by December 2017, this number will rise to 45 lakh.”

“Presently, the time gap between two trains during peak hours was three minutes and reducing it further was not possible. The number of coaches can be increased and DMRC is constantly doing that,” he added.

NCRPB to support transport infra projects worth Rs 7,838 cr in UP, Haryana

20/01/2016 08:50

In a major decision, the National Capital Region Planning Board (NCRPB) on Tuesday decided to support 9 transport infrastructure projects in Uttar Pradesh and Haryana that will substantially improve traffic flow besides reducing pollution benefitting Delhi and adjoining areas.

“The project sanctioning & monitoring group of NCRPB chaired by Madhusudhan Prasad, Secretary, Ministry of Urban Development today discussed these projects costing Rs.7,838 cr and decided to support them with a total loan assistance of Rs.3,113 cr,” Ministry of Urban Development said in a statement.

According to B.K.Tripathy, Member-Secretary, NCRPB, this was the highest loan assistance approved in a single meeting of the Board.

Two infrastructure projects in Uttar Pradesh will cost Rs.6,681 cr for which NCRPB will provide a loan of Rs.2,287 cr. Haryana has proposed projects 7 projects at a total cost of Rs.1,157 cr and will get a loan of Rs.726 cr.