• Latest
  • Trending

Union Budget 2012: Power firms seek extension of tax holiday

March 16, 2012

Mamata’s Opposition Unity Call Has Big Relevance For 2024 Lok Sabha Polls

April 1, 2021

Amit Shah Is Dream Merchant For Sonar Bangla Without Knowing Its Origin

April 1, 2021
ADVERTISEMENT

After Freedom House, V-Dem, The Turn Of The US State Department

April 1, 2021

How Long This Jobless Economic Planning Will Continue In India?

April 1, 2021

Modi Govt’s Three Farm Laws Constitute An Attack On Adivasis

April 1, 2021

Biden Wants Corporations And The Rich To Pay For Rebuilding America

April 1, 2021

Modi Govt’s Judo Technique Pays Off In Electoral Bonds

March 31, 2021

Electoral Bonds: Supreme Court Has Evaded The Real Issue

March 31, 2021

Risks Of India Going From Bad To Worse Due To New Covid-19 Wave

March 31, 2021

Protecting The Vulnerable At The Time Of Pandemic Is Imperative

March 31, 2021

Mamata Has Sent A Strong Message To BJP By Contesting From Nandigram

March 31, 2021

Sumitra Mahajan Was A Woman Parliamentarian For The Longest Term

March 31, 2021
ADVERTISEMENT
  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Thursday, April 1, 2021
No Result
View All Result
IPA Newspack
  • Setup menu at Appearance » Menus and assign menu to Main Navigation
  • Setup menu at Appearance » Menus and assign menu to Main Navigation
No Result
View All Result
IPA Newspack
No Result
View All Result
ADVERTISEMENT

Union Budget 2012: Power firms seek extension of tax holiday

IPA Staff by IPA Staff
March 16, 2012
in Uncategorized
1 min read
0
ADVERTISEMENT

RelatedArticles

Mamata’s Opposition Unity Call Has Big Relevance For 2024 Lok Sabha Polls

Amit Shah Is Dream Merchant For Sonar Bangla Without Knowing Its Origin

After Freedom House, V-Dem, The Turn Of The US State Department

ADVERTISEMENT

NEW DELHI: Power companies have sought extension of the tax exemption to all power projects, including generation, transmission and distribution.
Indian Electrical and Electronics Manufacturers Association (IEEMA) demanded extension of tax exemption to all power projects in line with other infrastructure projects like roads, airports, ports and railways.
The power sector has achieved 76 per cent of the generation target for 2011-12 in the first nine months of the fiscal, the Economic Survey 2011-12 said.
The growth in nuclear, hydro and thermal power generation was at 33.2 per cent, 19.2 per cent and 6.7 per cent respectively.
The Power Ministry launched an initiative for development of coal-based super-critical (energy efficient and environment friendly) ultra mega power projects (UMPPs) of 4,000 MW capacity in 2007.
FICCI in its pre-budget memorandum has sought exemption of service tax to infrastructure projects in power sector. This would reduce the cost of Power Generation, as Power Generation Companies are not entitled to credits on tax paid on procurements.
With acute fuel shortage hurting projects, private power producers, including Reliance and Tatas, have asked the Finance Ministry to abolish five per cent duty on coal imported for power plants.
Presenting a slew of proposals to be considered for the 2012-13 Budget, the Association of Power Producers (APP) has also asked for customs duty exemption for various facilities such as coal transportation required for mega power projects.
Meanwhile, the Ministry of New and Renewable Energy has sought extension of existing incentives for the wind energy sector in the Union Budget. This would ensure growth momentum in the coming years after the sector added record 10,500 megawatt in the 11th five year plan, government and industry officials said.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Previous Post

Union Budget 2012-13: Entertainment industry seeks relief from high tax rates

Next Post

Union Budget 2012-13: Retail sector seeks industry status and clarity on FDI

IPA Staff

IPA Staff

Related Posts

IPA Service

Mamata’s Opposition Unity Call Has Big Relevance For 2024 Lok Sabha Polls

by ipaadmin
April 1, 2021
IPA Service

Amit Shah Is Dream Merchant For Sonar Bangla Without Knowing Its Origin

by ipaadmin
April 1, 2021
IPA Service

After Freedom House, V-Dem, The Turn Of The US State Department

by ipaadmin
April 1, 2021
IPA Service

How Long This Jobless Economic Planning Will Continue In India?

by ipaadmin
April 1, 2021
IPA Service

Modi Govt’s Three Farm Laws Constitute An Attack On Adivasis

by ipaadmin
April 1, 2021
IPA Service

Biden Wants Corporations And The Rich To Pay For Rebuilding America

by ipaadmin
April 1, 2021
Load More
Next Post

Union Budget 2012-13: Retail sector seeks industry status and clarity on FDI

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Advertisement

ADVERTISEMENT

Recommended

Market Betting With Workers’ Pension Funds Could Be Risky

3 years ago

Now, Coal Ministry Contests CAG’s Loss Estimates

9 years ago
Load More
ADVERTISEMENT

Contact

India Press Agency D-34, Basement, Gulmohar Park, Delhi - 110049 Gautam Nagar, New Delhi
ADVERTISEMENT
ADVERTISEMENT

About Us

IPA Newspack

IPA Intelligence Unit is a specialist service of India Press Agency (IPA), one of the oldest news agencies of India.

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2020 India Press Agency - Latest Breaking news and Opinion IPA Media Group | Arabian Post

No Result
View All Result

© 2020 India Press Agency - Latest Breaking news and Opinion IPA Media Group | Arabian Post

Login to your account below

Forgotten Password?

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In