Faced with a serious shortage of coal that has led to continuing power crisis in the country, Prime Minister Manmohan Singh on Monday will consider the Chaturvedi Committee report that has suggested exempting imported coal from the 5 per cent customs and 5 per cent countervailing duty (CVD).
He has convened a meeting of Power, Coal, Environment and Forests Ministries to deal with the situation.
In the last few months, the country had been facing coal shortage due to fall in domestic production. Import too has gone down dramatically due to a sharp rise in the cost as countries such as Indonesia and Australia have imposed additional duties, taking the price from $30 a tonne to $150.
Source: PTI
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