Fe Exclusive: No extension for Power, Oil & Gas tax holidays
The finance ministry will spell out the road map to phase out corporate tax exemptions and incentives in a fortnight, ruling out further extensions of the tax holidays for specific sectors such as power, oil & gas and infrastructure and the area-based tax waivers. The road map could also feature withdrawal of sops like weighted deduction of research expenses and a reduction in the marginal rate of tax for Indian branches of foreign companies from 40% at present to 35%, sources privy to the matter.
California pushes forward on Renewable Power
At a Pacific Gas and Electric power plant east of San Francisco, greenhouse gases flow from a stack as the air shimmers from heat, with no dirty cloud of pollution in sight. In the distance, wind turbines spin slowly under a cloudy sky. And nearby in the city of Antioch, local schools are celebrating the addition of solar panels to their roofs and parking structures.
Libya state Power firm in talks with Turkish companiess
Libya's state electricity firm is in talks with Turkish firms to get them to return to carry out badly-needed maintenance work at power plants in the North African nation, a senior official with the Libyan company said.
Poll-bound Bengaluru Sucks Power, Districts Sweat it Out
Chief Minister Siddaramaiah’s home district Mysuru has suddenly slipped into darkness. The failure of the monsoon resulting in low storage levels in reservoirs and fall in power generation at thermal power stations have led to severe load-shedding in the region.
INR 1.2 lakh crore: Power plant, skills varsity new; many are top-ups
The Prime Minister Narendra Modi’s INR 1,25,003-crore Bihar package is spread over the next few years and includes new elements such as the power plant in Buxar and a skills university but it also includes amounts earmarked under a variety of schemes across sectors that are part of the Union Budget for 2015-16.