Modi govt proposes waiving carbon tax on coal : Bulletin: Business Today
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Modi govt proposes waiving carbon tax on coal

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BusinessToday.In | December 31, 2019

Huawei gets govt nod to participate in 5G trials
In a big relief for the Chinese telecom equipment maker Huawei, the government has allowed the company, along with all other equipment manufacturers, to conduct super-fast speed 5G network trials in India. The decision will boost the Chinese telecom giant's plans to expand its footprints in India at a time when several security-related concerns have been raised against it across the world

Modi govt proposes waiving carbon tax on coal
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 ($5.61) per tonne that was levied on the production and import of coal.

Air India may shut down without a buyer by June 2020: official
Struggling Air India might be forced to shut down by June next year unless it finds a buyer as "piecemeal" arrangements cannot be sustained for long, according to a senior airline official. Sounding alarm bells, the official said Air India might well go Jet Airways way if a prospective buyer does not come on board by June next year.

Goa govt plans special drive in January to nab GST evaders
The Goa government will launch a special drive in January next year to identify GST evaders. Chief Minister Pramod Sawant reviewed implementation of the Goods and Services Tax and revenue augmentation in the coastal state yesterday.

Amazon, Flipkart affected by internet shutdowns: Sources
According to a report in the Business Standard, internet shutdowns in various parts of the country may have hit e-commerce companies hard, apart from telcos. Industry sources reveal that Amazon and Flipkart might have witnessed an 18-20 per cent dip in their business volumes during this time. December is a busy time for these e-commerce giants due to the holiday season and much of their sales are dependent on it.

PMC Bank scam: ED probe reveals HDIL settled company accounts from bank loans
The Enforcement Directorate (ED) probe in the Punjab and Maharashtra Cooperative (PMC) Bank scam has revealed that majority of loans borrowed from the cooperative bank by Housing Development and Infrastructure Ltd (HDIL) and group companies were used to settle other loans of the group companies.



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