IPA Newspack
  • Home
  • now
  • politics
  • business
  • markets

IPA /

IPA Special

IPA Special

Power Firms Seek Extension Of Tax Holiday

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.

IPA Special

West Unlikely To Stop Fuelling Russia-Ukraine War Soon

February 6, 2023
IPA Special

BJP’s Reverses In Legislative Council Elections In Nagpur Is A Bad Omen For Ruling Alliance

February 6, 2023
IPA Special

Shocks That The Indian Economy Faced Since 2014

February 6, 2023
IPA Special

Nitish Kumar Is A Victim Of Trust Deficit Amongst His Coalition Leaders

February 6, 2023
Happening Now

Parliament adjourned amid Opposition protest on Adani row

February 6, 2023
Politics

Delhi Assembly fails to elect mayor even on third attempt

February 6, 2023
Politics

Another jolt to Bengal BJP as MLA joins Trinamool

February 6, 2023
Politics

Mann govt faces heat over sacrilege case

February 6, 2023
Politics

AAP to contest all seats in MP assembly elections

February 5, 2023
Politics

New turn in UP’s OBC politics as Maurya backs caste census

February 5, 2023
Happening Now

Video shows Chinese balloon being downed by US missile

February 5, 2023
Politics

Assam CM says child marriage crackdown to continue

February 5, 2023
IPA Special

BJY Has Improved Rahul’s Image To The Congress Supporters But That Is Not Enough

February 4, 2023
IPA Special

China Reopening Changing Market Dynamics Impacting Importers

February 4, 2023
IPA Special

Union Budget 2023-24: Kerala Again Cold Shouldered

February 4, 2023
IPA Special

2023-24 Budget Keeps Key Issues Of Indian Workers Unaddressed

February 4, 2023
IPA Special

Modi Baiter Trinamool Spokesperson Saket Gokhale Is In ED Net

February 4, 2023
IPA Special

Israelis And Palestinians Do What They Do Best, But For Wrong Reasons

February 4, 2023
IPA Special

‘Let It Be Morning,’ A Stunningly Powerful Almost All-Palestinian Israeli Film

February 4, 2023
Happening Now

RBI says banking sector stable amid Adani stocks rout

February 4, 2023

An appeal

The legacy of IPA, founded by Nikhil Chakravartty, the doyen of journalism in India, to keep the flag of independent media flying high, is facing the threat of extinction due to the effect of the Covid pandemic. Only an emergency funding can avert such an eventuality. We appeal to all those who believe in the freedom of expression to contribute to this noble cause.
Click here to learn more

Share

Reply

  • 0
More on IPA

West Unlikely To Stop Fuelling Russia-Ukraine War Soon

February 6, 2023 4:24 pm | IPA Staff

By Nantoo Banerjee The Russia-Ukraine war will complete a full year on February 23, this year. And, there is no sign of the war coming...

IPA Special

BJP’s Reverses In Legislative Council Elections In Nagpur Is A Bad Omen For Ruling Alliance

February 6, 2023 4:22 pm | IPA Staff

By Sushil Kutty After the Uddhav Thackeray-led Maha Vikas Aghadi government was forced out by the breakaway Eknath Shinde Shiv Sena in June 2022, revenge...

IPA Special

Shocks That The Indian Economy Faced Since 2014

February 6, 2023 4:21 pm | IPA Staff

By Dr. Gyan Pathak Under normal circumstances, comprehensive and wide-ranging reforms undertaken in the economy during the last eight years, would have accelerated India’s growth....

IPA Special

Nitish Kumar Is A Victim Of Trust Deficit Amongst His Coalition Leaders

February 6, 2023 4:19 pm | IPA Staff

By Arun Srivastava Within a week of Bihar chief minister Nitish Kumar’s vow that he “would prefer to die instead of having an alliance with...

IPA Special

West Unlikely To Stop Fuelling Russia-Ukraine War Soon

in IPA Special
Feb 6, 2023   ·  

BJP’s Reverses In Legislative Council Elections In Nagpur Is A Bad Omen For Ruling Alliance

in IPA Special
Feb 6, 2023   ·  

Shocks That The Indian Economy Faced Since 2014

in IPA Special
Feb 6, 2023   ·  

Leave a Reply Cancel reply

You must be logged in to post a comment.

Follow us on
Up Next: Golbal Funding Vital To Take On Climate Change: Survey
©2020 -2021 India Press Agency, All Rights Reserved
Newspack by India Press Agency
logo
  • Home
  • now
  • politics
  • business
  • markets