Skip to main content

GPS to track kerosene tankers

Category  :  Industry
Date  :  Aug-10-2010 09:48

The Maharashtra government is using the Global Positioning System to monitor the movement of takers carrying the fuel.This is in order to prevent black-marketing of kerosene.Meanwhile, the question asked is where the tanker goes after it leaves the oil depot and does it reach its destination.Moreover, where has it stopped and why?The geological map, however, and the route of the tanker can be fed into the GPS.On the other hand, officials concerned receive a message and a probe is initiated. This is if the tanker deviates from its path.The State is set to make use of level sensors, in order to keep a tab on the quantities of kerosene at several distribution spots.Earlier, it was said that it seems that the Oil Ministry is unsure on a petrol price hike by month-end.Meanwhile, the government will not interfere with the decision of oil marketing companies on a petrol price hike. The pressure, however, on prices still carries on.This is although the government and the RBI are working in tandem to lessen inflation.The petrol price may increase once again, in spite of facing stiff resistance by the opposition.In the meantime, after the Parliamentary session, the petrol rates may be increased by Re 1 per litre. The rise, however, is likely by month-end. On the other and, petrol price was raised by Rs 3.5 per litre, diesel by Rs 2 per litre, kerosene by Rs 3 per litre. It also decided to free petroleum products from its grip to be driven by the market rates. Moreover, the government is also not worried about the current under-recovery in petrol.

Comments

Popular posts from this blog

Fixed Assets Management

Fixed Assets Management - Capital Budgeting Decisions Fixed assets are like the properties, infrastructure facilities that are required by the business operations to complete successfully. A finance executive has to evaluate and decide on which fixed assets the company should invest so that company can perform all its current and proposed future functions. There are various techniques that are available and that can be used by the finance department to evaluate various proposals for the investments like - pay back period, Net Present Value, internal rate of interest, profitability index. Once the economic value of those fixed assets gets over than a proper depreciation policy should also be formulated.      
NEWS DETAILS   Mini Soft - Fixes Book Closure for AGM Category  :  Corporate News Date  :  Aug-19-2010 12:46 Mini Soft Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 25, 2010 to September 30, 2010 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 30, 2010.

Partnerships Firms

Types of Firms 1-     Proprietary Firms 2-     Partnerships Firms 3-     Joint Stock Companies Partnerships Firms More than two firms but less than 20 persons come to and build a business and operate it. Each parent is the owner of the business and owns the profits/loses made in the proportion decided prior to setting up the business. This type of relationship is governed by the conditions laid down in Partnership Deed. Its easy & economical to operate. There are more resources to handle the complex issues and operations. At present the tax works out to be = 30%+ 10%+ +2%= 33.66% Expenditure allowed Can pay interest on the capital to the partners on the amount of capital put by them in the business at the rate of interest of 12% Firm can remunerate parents in the for of bonus. Salary commission etc provided partner takes part in the day-to-day operations of the firm and ...