Budget 2021: Power producers demand tax cuts on coal
A number of representations have been made to the Coal Ministry by a host of power producing companies as the government plans its annual budget.
Source: reuters
Power producing companies are mounting pressure on the Indian government to reduce what they claim are excessive taxes on coal, which is making electricity expensive for the end users.
A number of representations have been made to the Coal Ministry by a host of power producing companies as the government plans its annual budget, it is reliably learnt.
A top source within the Coal Ministry said representations have been made by companies to explain how various levies and charges almost doubles the fuel prices for the coal fired power projects that have to pass on this burden to the consumers through regulatory process.