New Delhi The government on Thursday approved a proposal for divestment of 10.82% government stake in steel major SAIL and decided to impose an effective duty of 22.3% on import of power equipment — a move that would help public sector BHEL and private firm L&T.
740.6 acre of land owned by VSNL is expected to get R10,000 crore to the exchequer. The company has 740.6 acre of surplus land across three states — Delhi, Maharashtra and Tamil Nadu. The new import duty on power equipment for all commercial projects include 5%import duty, 12% CVD and 4% SAD.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/cabinet-approves-import-duty-power-equipment
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/bharat-heavy-electricals-ltd-bhel
[4] http://admin.indiaenvironmentportal.org.in/thesaurus/steel-authority-india-sail
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/delhi
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/maharashtra
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/tamil-nadu
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/agriculture
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/imports
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy