CBEC Clarification w.r.t. Customs Duty Exemption for Import of Ash Handling Systems, Water Treatment Plant and Coal Transportation Facilities etc. Required for Ultra-Mega/ Mega Power Projects under Heading 9801(Project Imports)
Circular No. 33/2013-Customs F.No.354/94/2011 -TRU Government of India Ministry of Finance (Department of Revenue) Tax Research Unit New Delhi, dated the 23th August, 2013 To, All Chief Commissioners of Customs. All Chief Commissioners of Customs & Central Excise. All Chief Commissioners of Central Excise. All Directors General of CBEC. Sub: - Customs Duty Exemption for… Read More
Tags: Excise, India, Ministry of Power, New Delhi, Nhava Sheva, Tariff, Tax exemption, TRU
CCEA approves continuation of Rajiv Gandhi Grameen Vidyutikaran Yojana in 12th Plan
The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Power for continuing the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) in the 12th Plan for: i. Completing spillover works of projects sanctioned in 10th and 11th Plan. ii. Continuing the scheme for covering all remaining `census villages and habitations with population… Read More
Tags: Below Poverty Line, BPL, Government of India, India, Ministry of Power, Planning Commission, Rajiv Gandhi, Rupee
RBI Guidelines on Valuation of Bonds issued by State Distribution Companies (Discoms)
RBI/2012-13/555 DBOD.BP.BC.No.105/21.04.132/2012-13 June 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Bonds issued by State Distribution Companies (Discoms) Guidelines on Valuation Government of India had formulated and approved a Scheme for Financial Restructuring of State Owned Power Discoms to enable their turnaround and ensure their long term viability (Ministry of Power, GoI Office… Read More
Tags: Basis point, Bonds, Business, Government of India, Investing, Ministry of Power, Yield to maturity, YTM
CCEA approves mechanism for coal supply to power producers
The Cabinet Committee on Economic Affairs (CCEA) today approved the following mechanism for supply of coal to power producers: (i) Coal India Ltd. (CIL) to sign Fuel Supply Agreements (FSA) for a total capacity of 78000 MW including cases of tapering linkage, which are likely to be commissioned by 31.03.2015. Actual coal supplies would however… Read More
Tags: CCEA, CIL, Coal India Limited, Coal Ministry, Council for the Curriculum Examinations & Assessment, India, Ministry of Power, Thermal power station
Report on Power Generation Capacity in India
Target for power generation is fixed on an annual basis. As against the power generation target of 930 BU for the year 2012-13, 911.65 BU has been achieved, which is 98% of the target. The overall electricity generation in power utilities in the country as well as import from Bhutan since the beginning of 9th Plan… Read More
Tags: Central Electricity Authority, Electricity generation, Energy, Government, India, Ministry of Power, Planning Commission, Power station