Ministry of Finance India

According to the Tax Commission 6th pay fee-paying school 12.36% of companies in power transmission. It required states to abolish this tax in the power transmission service.

HS Brahma, the energy secretary persmin (Ministry of Food) said that we have taken this issue of the abolition of the tax department of the Treasury, but gave no result. He said that the abolition of service tax would be beneficial to the ultimate consumers.

A meeting of the energy secretary, held yesterday, which includes five states. They asked the Power Minister, S.K. Shinde on approaching the abolition of service tax for FinMin (Finance).

The Another latest news is that Finance has requested a $ 1 billion (RS4, 610 crores) World Bank loan to build two lanes in areas where roads can not support built in partnership with private companies, an official from the multilateral lender said.

The loan will allow construction of 4,500 km roads in eight states, said the official, who spoke on condition of anonymity because he was not authorized to speak to the media."We received a request just a week ago," the official said, adding that 1 billion dollars could be the first part of a larger loan. Department had originally discussed debt 2.91 trillion U.S. dollars, he said.

The roads will be constructed according to engineering, procurement and construction (EPC) contract with the contractor responsible for project design. In EPC contracts, a private developer build the road for a fee, without having any involvement in the project.

An official from the highway authority, requesting anonymity, said the proposal came from the ministry of road transport and highways and roads to cover was not a part of the national road network Development.