Clean energy cess to hike cost for power sector.
The government had in July 2010 imposed a cess on coal at an effective rate of Rs 50 a tonne.
The hike in clean energy cess is likely to impact input cost for thermal power producers
Ahluwalia also stressed on the need for aligning country's energy prices with the global rates and said, "because the climate change is ultimately caused by the use of fossil fuels, one critical issue is that we must have correct energy prices.
As of now, no firm has launched a flex-fuel vehicle in India, as these models are more expensive than comparable petrol-run vehicles.
Metal sector is not too happy from Budget announcements for the sector
'Most pollution boards across the country have unused funds. There is practically no reason why pollution should not be a political priority.'
'We are not asking for incentives, but at least taxation can be aligned such that the rupee tax on consumers remains the same.'
Electric vehicle (EV) manufacturers breathed a sigh of relief after the GST Council on Wednesday night retained the concessional 5 per cent rate on EVs, though they now face competition from small petrol and diesel cars, which will attract a lower 18 per cent levy.
Solar equipment manufacturing, however, is unlikely to pick up in India as Chinese imports are more cost-effective
"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."
Delhi's crime rate against women stood at 144.4 in 2022 -- the highest among all states and Union Territories.
Javadekar was addressing the 18th BASIC ministerial meeting on climate change here which is being attended by ministers of Brazil, China and South Africa.
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.
2015 is going to witness new agreements on climate change.
The doubling of Clean Energy Cess from Rs 200 to 400 per tonne would further increase the input cost for domestic producers.
Duty cut on raw material imports are not likely.
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal.
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.
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.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
India's indigenous paper manufacturers are forced to use a variety of raw materials.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Customs and excise duty rates have been amended mainly to promote Make in India.
In Budget 2015, the finance minister has opted to take the slow road and has doubled the cess on coal to "balance the need to tax pollution and the price of power" in his words.
The government should bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister Narendra Modi's vision for a gas-based economy and raising the share of the environment-friendly fuel in India's energy basket, an industry body that represents the likes of Reliance Industries as well as state-owned firms, has said. Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel. In its pre-Budget memorandum to the finance ministry, Federation of Indian Petroleum Industry (FIPI), which boasts of members from across the oil and gas spectrum, also demanded rationalisation of GST on transportation of natural gas through pipeline as well as on re-gasification of imported LNG to help bring down cost of the environment friendly fuel.
Steep taxes on petrol and diesel add to the cost of economic activity and reduce the Indian economy's competitiveness. The two fuels must be brought under GST's purview, suggests former IAS officer Ajay Shankar.
Railway Minister Suresh Prabhu faces a stiff dilemma on whether to raise fares and freight rates in his second Rail Budget.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
To begin, the Budget has no doubt attempted to address uncertainty.
'In a serious fiscal situation like this, an ostrich-like focus on annual budgeting, event management and defensive rhetoric will only make matters worse,' warns Rathin Roy.
Indian economy about to take-off
'The Paris Conference is a decisive meeting on climate change.' 'Negotiating an agreement between 196 countries is indeed a challenge.' 'If we go beyond 2°C, the consequences will be extremely difficult to deal with.'The poor are the most vulnerable to the impact of climate change.'
The government has provided a long-term vision.
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