Monday, 28 Nov 2011
The Hindu reported that faced with a serious shortage of coal that has led to continuing power crisis in the country Indian prime minister Dr Manmohan Singh may consider the Chaturvedi Committee report that has suggested exempting imported coal from the 5% customs and 5 per cent countervailing duty.
He has convened a meeting of Power, Coal, Environment and Forests Ministries to deal with the situation.
In the last few months, the country had been facing coal shortage due to fall in domestic production. Import too has gone down dramatically due to a sharp rise in the cost as countries such as Indonesia and Australia have imposed additional duties.
The government had set up committee headed by Planning Commission member (Energy) B.K. Chaturvedi to suggest measures to increase coal production and increase its availability to meet the growing needs of the power sector. The report recommended that domestic prices be fixed at 10% higher rates and this amount be shared with plants having linkages with Coal India Limited in a pro rata manner of total imports of the plant and on calories a kg basis of imported coal.
(sourced fromthehindu.com)
The Hindu reported that faced with a serious shortage of coal that has led to continuing power crisis in the country Indian prime minister Dr Manmohan Singh may consider the Chaturvedi Committee report that has suggested exempting imported coal from the 5% customs and 5 per cent countervailing duty.
He has convened a meeting of Power, Coal, Environment and Forests Ministries to deal with the situation.
In the last few months, the country had been facing coal shortage due to fall in domestic production. Import too has gone down dramatically due to a sharp rise in the cost as countries such as Indonesia and Australia have imposed additional duties.
The government had set up committee headed by Planning Commission member (Energy) B.K. Chaturvedi to suggest measures to increase coal production and increase its availability to meet the growing needs of the power sector. The report recommended that domestic prices be fixed at 10% higher rates and this amount be shared with plants having linkages with Coal India Limited in a pro rata manner of total imports of the plant and on calories a kg basis of imported coal.
(sourced fromthehindu.com)
Posts
No comments:
Post a Comment