State-run Coal India Ltd , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies. The world's third-largest greenhouse gas emitting country said last Friday it would lower the duty on coal from July 1 and impose a new 18 percent tax on solar cells and modules as part of a broader tax overhaul. The moves are seen as helping boost local sales of the fossil fuel, but hurting the young and booming renewable energy industry. ...
Coal India wins tax-cut boost as environmentalists fret
Coal India hopes the lowering of the coal sales tax to 5 percent currently will help it find buyers