Consumers pay Rs 25,000 crore price for high coal tax, keeping power out of GST
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Consumers pay Rs 25,000 crore price for high coal tax, keeping power out of GST
Sanjay Dutta / TNN / Updated: Feb 1, 2021, 01:20 IST
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NEW DELHI: Petrol and diesel are not the only sources of energy for which consumers are paying through their nose because of high taxes and different tax regimes on input and final products. A myriad of taxes and levies on coal, which accounts for 55% of electricity generation, and non-inclusion of electricity in GST regime is costing power consumers upwards of Rs 25,000 crore a year.
Coal Minister Pralhad Joshi on Thursday assured Coal India of full government support, even as he said the PSU needs to learn new things for improvement in its future prospects. The minister, who was speaking during the launch of Enterprise Resource Planning (ERP) of Coal India Ltd (CIL), said there will be full support to the company because it is the backbone of the country . But having said that the improvement is a continuous process, learning is a continuous process..let us learn new things, new ideas, new approach, and new goal. And in this, the image of coal (sector), Coal India needs to be changed. We have to change the image of Coal India, Joshi stressed.
Synopsis But having said that the improvement is a continuous process, learning is a continuous process..let us learn new things, new ideas, new approach, and new goal. And in this, the image of coal (sector), Coal India needs to be changed. We have to change the image of Coal India, Joshi stressed.
The award has been instituted to promote best and sustainable practices for coal mining in the country.
New Delhi: Coal Minister Pralhad Joshi on Thursday assured
Coal India of full government support, even as he said the PSU needs to learn new things for improvement in its future prospects. The minister, who was speaking during the launch of Enterprise Resource Planning (ERP) of Coal India Ltd (CIL), said there will be full support to the company because it is the backbone of the country .
Nagpur: Western Coalfields Ltd (WCL) is seeing prospects of generating methanol through surface coal gasification from one of its mines at Chandrapur. Methanol can be used as an alternative fuel.
Though long way from commercial production, pre-feasibility report has indicated possibility of producing methanol through gasification of coal from the mine, said WCL’s chairman-cum-managing director (CMD), R R Mishra. WCL is a city-headquartered subsidiary of Coal India Ltd (CIL).
He was talking to newspersons at a ‘meet the press’ programme organized by Nagpur Patrakar Club. Mishra is due for retirement on December 31. The present director (technical) of the company Manoj Kumar will be taking over as new CMD.