Clean energy cess to hike cost for power sector.
Metal sector is not too happy from Budget announcements for the sector
Solar equipment manufacturing, however, is unlikely to pick up in India as Chinese imports are more cost-effective
The hike in clean energy cess is likely to impact input cost for thermal power producers
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
With a view to keeping inflation under check, essential items including food, which presently constitute roughly half of the consumer inflation basket, will be taxed at zero rate.
Javadekar was addressing the 18th BASIC ministerial meeting on climate change here which is being attended by ministers of Brazil, China and South Africa.
The doubling of Clean Energy Cess from Rs 200 to 400 per tonne would further increase the input cost for domestic producers.
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal.
2015 is going to witness new agreements on climate change.
The Centre is likely to introduce the Central GST and integrated GST bills in late November or early December in the ongoing session in the form of money Bills.
"At present, there are two main rate slabs under which sa majority of goods are covered -- five per cent and 12.5 per cent -- which will now increase to three (five per cent, 12 per cent and 18 per cent).Will this result in multiple litigations is anybody's guess."
The company bought peace with the Union coal ministry by agreeing to almost halve its e-auction sales at 30 million tonnes this year, to make more coal available for the fuel-starved power sector.
India's indigenous paper manufacturers are forced to use a variety of raw materials.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Duty cut on raw material imports are not likely.
Customs and excise duty rates have been amended mainly to promote Make in India.
To begin, the Budget has no doubt attempted to address uncertainty.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Indian economy about to take-off
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