Indian Prime Minister Narendra Modi's office has proposed waiving a tax on ...
FILE PHOTO: India's Prime Minister Narendra Modi speaks to the media inside the parliament premises on the first day of the winter session in New Delhi, India, November 18, 2019. REUTERS/Altaf Hussain/File Photo
NEW DELHI - Indian Prime Minister Narendra Modi’s office has proposed waiving a tax on coal to help finance pollution-curbing equipment, according to documents, but the move would also make coal more competitive in price with solar and wind energy. Modi’s office has proposed waiving the carbon tax of 400 rupees per tonne that was levied on the production and import of coal, according to the documents reviewed by Reuters.
The documents say the savings would improve the financial health of utilities and distribution companies, and help the power producers install pollution-curbing equipment.Our Standards:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dining out, dessert and booze may be worse for climate change than meatA Japanese study, which has implications for all big economies, suggests that the best way to tax carbon might focus on sweets and alcohol over meat.
Read more »
Israel trims funds to Palestinians over militant casualtiesIsrael will withhold around $43 million in tax handovers to the cash-strapped Palestinian Authority over its financial support for the families of slain or wounded Palestinian militants. More here: by DanWilliams
Read more »
Southwest Virginia river the star of new state parkAs much of central Appalachia looks to reinvent itself amid the decline of coal, community leaders in southwest Virginia say they’re seeing some early success from a focus on another natural resource.
Read more »
Tourists stay away from Taj Mahal, other Indian attractions as protests flareIndia's tourism industry has been hit by a wave of violent anti-government ...
Read more »
Boxing: India's Kom beats challenger in trial for Olympics qualificationIndia's MC Mary Kom sealed her spot for next year's Olympic qualifiers...
Read more »
'Skywalker' rises again; 'Little Women' go big at box office“Star Wars” still rising in the last weekend of the year, while “Little Women” broke big at the box office.
Read more »