Friday, 15 December, 2017

GST rate on coal, solar not to impact on tariffs: Piyush Goyal

Rajasthan news Union power minister Piyush Goyal lauded the Raje government in Rajasthan for ‘pulling’ out discoms from losses
Kenny Thornton | 20 May, 2017, 05:52

Besides, Goyal, who also holds the New and Renewable Energy and Mines portfolios, said the higher tax of 18 per cent levied on solar modules will not impact solar tariffs.

The prices of solar and wind energy have hit record low and the industry is now able to stand on its own feet without any support, he said.

"I am happy that the GST Council made a decision to keep coal in the 5 per cent tax slab".

Responding to a question on lower Subansiri Hydro Power project, the minister said that had the project completed in time, the tariff would have been Rs 1.86 per unit which now would be around Rs 5.5 per unit.

The new rates of solar power discovered in the auctions are even below the average rate of coal-based power produced by NTPC at Rs 3.20 per unit. "At these places where grids can not reach, we are planning to give off-grid solution for which (chief minister) Vasundhara Raje ji and central government had extensive discussion" added the minister.Appreciating work done under Raje government, Goyal took potshots on previous Congress government for mishandling power sector.

Police appeal for information after Harry Potter prequel is stolen
But now, the story has been stolen from Digpal, and authorities are monitoring the black market to see if it surfaces for sale. Rowling is appealing to anyone who might come across a stolen prequel she wrote about the bespectacled boy wizard's father.

"Wind power prices are also nearly at grid parity despite only one bid (auction for 1GW)".

Goyal added that villages in the remote areas, especially near the borders, would receive off-grid electricity through solar power. "It will help bring down costs", he added. "As we have seen rates unfolding yesterday, we are little more encouraged that the GST will help bring one nation one tax and help the nation to reduce corruption and difficulties in operation and also bring simpler tax regime". The coal sector will be benefitted significantly, which will be a benefit straightaway to the consumers.

The GST Council concluded its two-day meeting in Srinagar on Friday after deciding on a four-slab tax rate for services along with the novel concept of input credit for goods used. About keeping UPS and inverters in higher tax bracket, he said, "UPS and Inverters are the thing of past. We don't need UPS/Inverters and Converters anymore".

Welcoming the 5% tax on coal, Association of Power Producers director general Ashok Khurana said: "This will help to reduce the retail price of power for consumers".

The minister also said that if the people of the country start to pay the electricity bills honestly and the Discoms are able to bring down the ATC losses to less than 15 per cent, the 24x7 power supply will be a reality and states would be rewarded accordingly.

Recommended

  • Donald Trump tweets about classified information come back to haunt him

    Donald Trump tweets about classified information come back to haunt him

    The FBI has been investigating possible ties between Trump's campaign and Russian Federation during the election. The real scandal here is that classified information is illegally given out by "intelligence" like candy.

    Cannes Film Festival: Will Smith And Pedro Almodovar Clash Over Netflix

    Security was greater than ever at the French festival, with stepped up efforts to restrict access and even an anti-drone system. So, for those that want to see what they have been missing, Netflix has a few previous Palme d'Or winners available to stream.
    Staples, Inc. (SPLS) Posts Quarterly Earnings Results, Hits Estimates

    Staples, Inc. (SPLS) Posts Quarterly Earnings Results, Hits Estimates

    Loop Capital reaffirmed a "hold" rating and set a $10.00 price objective on shares of Staples in a report on Thursday, April 6th. According to analysts Staples Inc (NASDAQ:SPLS)'s minimum EPS for the current quarter is at $0.11 and can go high up to $0.13.
  • Anthony Weiner expected to plead guilty in 'sexting' case involving minor

    Anthony Weiner expected to plead guilty in 'sexting' case involving minor

    Disgraced former U.S. congressman Anthony Weiner has cried in court as he pleaded guilty to sexting a 150-year-old girl. An effort to resurrect his career progressed in 2013 as he began his candidacy for mayor of NY .
    Manchester United prioritise Jan Oblak signing

    Manchester United prioritise Jan Oblak signing

    United, who are sixth in the table, finish their Premier League campaign at home to Crystal Palace on Sunday (3pm). Manchester United will bring in Jan Oblak, if Real Madrid finally gets David De Gea this summer.
    Mandatory Aadhaar: SC to hear all petitions on June 27

    Mandatory Aadhaar: SC to hear all petitions on June 27

    However, the bench asked "why this second petition when you have already filed a plea earlier seeking similar reliefs". Divan also argued that the "architecture" of Aadhaar is that of a "surveillance state".
  • Manchester United held to goalless draw by Southampton

    Manchester United held to goalless draw by Southampton

    United will receive 6.5 million euros in prize money if they win the Europa League and 3.5 million euros if they lose the final. United manager Mourinho didn't reveal the nature of Fellaini's injury, but he suggested the problem wasn't too serious.
    Delhi government to turn 89 villages into urban areas with land pooling

    Delhi government to turn 89 villages into urban areas with land pooling

    As the acquisition of land has become a controversial subject, planned urban growth had become even more hard . All the villages to be developed under the policy are located in west, north and north-western parts of Delhi.
    Goa luxury train to start its journey from May 22

    Goa luxury train to start its journey from May 22

    According to Central Railway officials, the coaches have been manufactured in the Indian Coach Factory, Perambur, Chennai. Tejas Express, which will run at a speed of 130 kmph, has coaches equipped with automatic doors, Wi-Fi and LCD screens.
  • Huckabee: It'd Be Good for Trump to Bring Back Lewandowski

    Huckabee: It'd Be Good for Trump to Bring Back Lewandowski

    In his remarks, Spicer praised the quality of the staff at the club, adding that " they're at every Trump property". Secretary of Defense James Mattis will accompany Trump for a North Atlantic Treaty Organisation meeting and dinner.

    Arsenal rise to 5th with second Premier League win in 3 days

    He is a slow starter and he gets stronger and stronger. " I never questioned the character of my side ", said Wenger. Andy Murray is backing Arsenal to keep their top-four hopes alive with a 2-0 win at Stoke City on Saturday night.

    Amber Alert issued for San Francisco toddler

    Authorities said during their investigation they learned of "disturbing information" regarding the father that gave them concern. The Amber Alert is in effect for San Francisco, Marin, San Mateo, Contra Costa and Alameda counties.

How Minnesota's delegation to Congress responded to special counsel for Russian Federation probe I stand by it". "It is hard to see a friend of yours being in the middle of that", said Jan Paul Miller, a St. Rosenstein's "got the power to do it and you have to accept it and it doesn't matter what we think".

Trump told Russians that firing 'nut job' Comey relieved pressure on him Some congressional Republicans have also suggested that Mueller's appointment would lead to changes in Congress' investigation. Deputy Attorney General Rod Rosenstein told Congress Friday he stands by a memo he wrote bluntly criticizing Comey.

LeBron says Boston is a resilient team LeBron says Boston is a resilient team James even spent some time at point-center, giving the Celtics fits while surrounded by four shooters all over the court. Thomas said that he's fine if the rest of the world wants to write off the Celtics , but he believes in his teammates.

Moody National Bank Trust Division Boosts Position in Union Pacific Co. (UNP) Eog Res Inc (NYSE:EOG) was raised too. $438,129 worth of Union Pacific Corporation (NYSE:UNP) was sold by Card Andrew H JR . Cornerstone Investment Partners LLC owned approximately 0.05% of Union Pacific at the end of the most recent quarter.

Olynyk sparks Celtics past Wizards, into conference finals The Celtics' bench outscored the Wizards' bench 48-5 in the game. "I get my treatment every day and I'm ready to play". But they're still a little too unstable in some areas to pull through and play to the level of their talent.

Anthony Weiner to face criminal charges in teen sexting case It reported that the messages, which began when the girl was a sophomore in high school, indicated Weiner knew she was a minor. The charge carries a sentence of up to 10 years, but Weiner could escape prison time if a judge rules in his favor.

Sweden Drops Rape Investigation Against Julian Assange Manning left prison Wednesday after a 35-year sentence was commuted by President Barack Obama in one of his final acts in office. At a press conference in Quito, Long called on Britain allow Assange safe passage so he could take up his asylum in Ecuador.

Arraignment set for Richard Rojas on charges in Times Square crash Arraignment set for Richard Rojas on charges in Times Square crash He pleaded guilty to an infraction in 2015 and was ordered to complete a drunken driving program and lost his license for 90 days. A week ago, Rojas was arrested and charged with pointing a knife at a notary, whom he accused of stealing his identity.

Will Smith defends Netflix at Cannes Film Festival Security was greater than ever at the French festival, with stepped up efforts to restrict access and even an anti-drone system. "Wonderful film that theatre chains want to block us from entering into Cannes film festival competition".

Urban Outfitters, Inc. (URBN) Stock Rating Reaffirmed by Bank of America Corp Royal Bank of Canada set a $22.00 price objective on Urban Outfitters and gave the stock a "hold" rating in a report on Monday. Analysts are forecasting Urban Outfitters, Inc.to report revenue of about $895.68M, versus the $890.57M posted a year ago .

Moto C and Moto C Plus launched as super affordable smartphones Moto C and Moto C Plus launched as super affordable smartphones The Moto C as well as C Plus run on Android Nougat OS, making them one of the cheapest phones to run the stock Android Nougat OS. This is then backed by a 2GB RAM and 16GB of expandable storage on the former and 3GB RAM and 32GB storage on the latter.

France's President Macron appoints cabinet with figures from the left and right France's President Macron appoints cabinet with figures from the left and right French President Emmanuel Macron says he wants a Europe that is both more conducive to investment and more protective of workers. Later Wednesday, Macron will host European Council President Donald Tusk at the Elysee Palace for a private dinner.

Watch NBA Playoffs 2017 Game 4 Washington would lead by as many as 26 points in the game and outscored the Celtics 237-191 in the two games in Washington . The Celtics were the best road team in the East this season, and they need to prove that tonight.

Lloris: We have been beaten to the title by a machine Lloris: We have been beaten to the title by a machine Knowing that any slip up would likely be decisive, Pochettino conceded that his players were lacking a spark on the pitch. The FC crew aren't fooled by Tottenham's defeat at West Ham, which could end their Premier League title hopes.

American Farmers Thrilled To Send Their Meat To China The United States is fast becoming a major LNG exporter, though few of its export cargoes to date have been shipped to China . Those projects need to secure long-term supply agreements to underpin their financing before construction can begin.