The Sri Lanka Ports Authority (SLPA) announced the signing of an agreement with India’s Adani Group to construct a new terminal adjacent to a $500 million Chinese-run jetty at the sprawling port in Colombo.
Opel, a subsidiary of Stellantis (STLA.MI), announced on Thursday that it will close one of its German plants until at least the end of the year due to chip shortages.
Production at the Eisenach plant, which produces internal combustion engine and hybrid electric vehicles, is expected to resume in 2022, though an Opel spokesperson could not provide a specific date.
Opel said that 1,300 workers at the plant would be temporarily laid off, with some production shifting to a separate plant in France.
Stellantis has halted production at other plants, including those in Europe and Canada, and expects to produce 1.4 million fewer vehicles this year as a result of the chip shortage.
SRH : 134/7 (20 overs)
CSK : 139/4 ( 19.4 overs)
Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Wednesday said the States’ fears of losing autonomy with the Goods and Services Tax regime have come true.
“One thing that is very clear to me is the fears of loss of autonomy have been fully realised. The States have now very little independence in any matters of taxation now,” he said, stressing on how many problems can be resolved to the satisfaction of the States and industry if the GST decisions are data-driven.Blaming the Centre’s policy and attitude towards the States as the problem, he underscored the need for businesses and government to work together for a strong economy
Monsoon likely to begin withdrawal from some parts of NW India from Oct 6: IMD
Monsoon is likely to begin withdrawal from some parts of northwest India from October 6, according to India Meteorological Department (IMD). The normal date for the commencement of monsoon withdrawal is September 17. Last year, the monsoon started withdrawing from western parts of northwest India on September 28.
Navjot Singh Sidhu will remian the Punjab Congress Committe chief , a post he had quit in a huff on Tuesday, signalling that the meetign with Chief Minister Charanjit Channi went well. MLA Gurdeep, who was part of the meeting said that Sidhu will continue in the post. Two flower bouquets were seen being sent inside Chandigarh’s Punjab Bhawan where the high-stakes parley was being held. The Punjab cabinet will meet on October 4, sources said.
The Punjab unit of the Congress is in turmoil after Amarinder Singh was removed as chief minister and its chief Sidhu resigned from his post ahead of the crucial assembly elections in the state early next year. Factionalism in Punjab Congress has come to the fore over recent appointments of the new cabinet and other top officials. Speaking to reporters on Wednesday, Channi had said, “I have spoken to Sidhu sahab over telephone today. The party is supreme and the government accepts the party’s ideology and follows that. (I told him that) You come, sit and talk”.
India
Coronavirus LIVE Updates: Twenty-three MBBS students studying in KEM & Seth GS Medical College, Mumbai have been found to be corona positive even after taking the first dose of Covid-19 vaccine. The daily rise in coronavirus infections had remained below 20,000 for the second consecutive day on Thursday with 18,870 fresh cases recorded in a single day. Active cases as of now stand at 2,77,020 while the total cases tally has now reached 3,37,39,980. A total of 3,30,14,898 recoveries have been recorded. Death toll is currently 4,48,062. Total vaccinations in the last 24 hours were recorded at 65,34,306.
OFB controls 41 factories and employs more than 70,000 people. Its annual turnover is approximately 19,000 crore rupees. All of these will be divided into seven defense public sector units (DPSU), wholly owned by the government.
The seven successor DPSUs are:
Indian munitions
Armored car Nigam
India’s advanced weapons and equipment
Force comfort
Yantra India
Optel, India
Indian glider
All seven DPSUs will operate as corporate entities, with 100% ownership by the government. Since 2000, four committees have been established to recommend reforms in the defense sector. Except for the one established by the former Minister of Defense Manohar Parrikar, all three—the TKS Nair Committee (2000), the Vijay Kelkar Committee (2005), and the Lieutenant General Raman Puri Committee (2015)—all support OFB corporatization.
Replacing OFB with corporate entities puts these DPSUs under the jurisdiction of the Company Act. The government hopes that this change will bring cost competitiveness to India’s defense production sector
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