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Nagpur Body Collects Rs 836 Million in Property Tax as Scheme Ends
The Nagpur Municipal Corporation (NMC) concluded its property tax rebate scheme on December 31, 2024, amassing Rs 836 million from 1,63,813 property owners between July 1 and December 31. The scheme offered a 10% rebate for online payments and 5% for offline payments, incentivising many to clear their dues. However, a significant number of taxpayers missed the opportunity. Earlier in the financial year, NMC introduced higher rebates of up to 15% for online payments and 10% for offline payments for dues cleared before June 30, 2024. This earlier phase of the scheme resulted in Rs 768.5 mil..
Tata Power Invites EoI for 500 MW Renewable Energy Procurement
Tata Power Trading Company (TPTCL), a subsidiary of Tata Power, has released an Expression of Interest (EoI) to procure up to 500 MW of renewable energy, encompassing solar, wind, hybrid, hydroelectric projects, or green attributes for a contract period of up to 25 years. Interested bidders must submit their proposals by January 31, 2025. The procurement scope includes off-taking energy or green attributes generated from renewable projects, with flexibility for physical or virtual procurement. The delivery point will be the interconnection between the project and the central or state transmi..
Oil Prices Hit Highest Since October on Weather and China Stimulus
Oil prices reached their highest levels since October on January 6, driven by colder weather in the Northern Hemisphere and economic stimulus measures in China, which could boost global fuel demand. Brent crude futures rose 15 cents, or 0.2%, to $76.66 a barrel by 0125 GMT, following Friday's close at its highest since October 14. U.S. West Texas Intermediate (WTI) crude gained 22 cents, or 0.3%, to $74.18 a barrel, marking its highest close since October 11. China announced a significant increase in fiscal stimulus, including funding from ultra-long-dated treasury bonds to support business in..
