Build your professional network on facebook via our app Go to app
 
<< Prev  7 of 15 in Topic  Next >>
Topic : Green Production Methods in India
  Rate : 
 
Created by : Rakesh Chakraborty, Sr. Associate, ING  | 08 04 2009 05:08:36 +0000
Activity:  202 views;  last activity : 07 06 2010 20:18:09 +0000

As there was talks from Finance minister that there will be no tax cuts for buying energy efficient appliances, and when everybody wants to go green these days and wants to save energy and help in the cause of global warming, with now electrical appliances with 5 star rating, which gives that it is energy efficient product and saves a whole lot of energy, if Government had given Tax sops then it would have promoted the consumer to go for these energy efficient appliances. But Finance minister had other ideas, he said it can't be implemented and it would be difficult to implement as products sold under BEE’s(Bureau of energy efficiency) ‘star-rating’ have a huge price variation under different brands.


So Aam junta what do you think, should there be Tax sops for buying energy efficient appliances?

 
Share
 
 
  Rate : 
 
 
Yes Vs No
5
 
 
 
 
3
6
3
Support   Support
 
Top Argument
1
0

I feel, providing Sops for Energy Efficient Appliances may undermine it's importance as a measure of Energy saving. The sops may prove to have "short-term" impact on customer, without customers realising it's potential in energy saving. This will be counter-productive.

The USP of these appliances is it's potential to save energy and ultimately money. So, the calculations on how much money customer is going to save and that too on recurring basis, should be projected to the customers.

This will not only be effective to promote the sale, it will also help the prospective owners of these appliances to accrue the savings 


By Prakash Saitwal, Technical Support Manager, Aditya Birla Management Corporation P. Ltd.  08 06 2009 06:59:36 +0000
0
0

I think tax sops should be given to energy efficient products. They save a lot of energy immaterial of their more cost but these will be useful in the longer run. By giving tax benefits, they will become cheaper. Government should implement energy efficient motor,energy efficient motor means winding heavy core material good insulation residence, naturally cost of the product increases as a result people go for cheap,because except big industries, small work shop or common people aren't still aware of energy efficiency, but if tax benefit is given there will be some cut in its prise and naturally both manufacturers & users will prefer these products.


By Vineet Prakash, Sales/BD Manager, Tata Power  | 10 15 2009 09:27:49 +0000
0
0

we need to implement and ensure that it really works, that is, all the steps taken in the direction of energy saving is implemented. In India from Government to common people the purchase criteria is L1 and technical advantage and long term benefits stand next to L1.

My suggestion is to make that the energy efficient 5star rated appliances to be more competitive  Govt can provide tax incentive instead of taxing the product. Definitely effective implementation of this TAX INCENTIVE can be done provided the will is there at political and administrative levels.

In India the facilities and implementing agencies are well established already.

Now the immediate requirement is present5ing the idea at the right forum by right people.

We should leave mother earth to our children where  we had inherited.

Let us put at least we start this type of discussion.


By Ganagaraj Ramachandran, Factory Head, MoserBaer Clean energy Ltd  | 10 15 2009 04:46:51 +0000
0
0
yes,green energy ultimately a greener earth for our children
By M.NAVASATHALI , Sr.Engineer, Renold Chain India Pvt Ltd  | 09 17 2009 15:16:21 +0000
0
0

Yes tax benefit must be given for energy efficient products.Let's take an example of energy efficient motor,energy efficient motor means pure cu winding heavy core material good insulation resitence, naturally cost of the produt increases as a result people go for cheap,because except big industries, small work shop or common people are'nt still aware of energy efficiency, but if tax benefit is given there will be some cut in its prise and naturally both manufacturars & users will prefer these products. 


By Avinash.S.Bhave , Procurement,Inspection,&Supervision, M.P.Power generating co ltd  | 08 05 2009 06:27:37 +0000
0
0

I think there should be tax benefits for Buying energy effcient appliances,as people are paying more to buy products which save energy and this will be useful in the longer run and government should implement this, as of now there is so much shortage of power in the recent days, and with electrical appliances which can save energy will do a lot good for that reason. so according to me there should be tax sops for this energy efficient products.


By Vineet Prakash, Sales/BD Manager, Tata Power  | 08 04 2009 09:51:26 +0000
0
0

I think there should be tax sops for products which are energy efficient, as the products costs a bit more than usual but then one can save a lot more energy than before and Government should have promoted this and with this they would have helped a cause in this regard.


By Rakesh Chakraborty, Sr. Associate, ING  | 08 04 2009 05:08:36 +0000
1
0

Yes Prakash, you are right,providing Sops for Energy Efficient Appliances will undermine it's importance as a measure of Energy saving will save energy and money.


By Niranjan Meena, Actuary Manager, LIC  | 08 06 2009 10:05:46 +0000
1
0

Even though i want to be on the yes side but i can't as it is not that simple to take that decision as prices of electrical appliances would differ from brand to brand,like for instance, a 1.5-tonne air conditioner from X company with a rating of two-star would cost Rs 15,000, and an air conditioner of same capacity and energy-efficiency level from Y company would cost Rs 25,000. Hence, it is likely that Y's three star rated product will attract a tax exemption equivalent to that of a five-star rated X product, even as the energy-efficiency levels are different.

So you see its a bit complicated, hence Finance minister couldn't take that decision.


By Shikha Malhotra, Product Development Manager, Reliance Petroleum  | 08 04 2009 05:47:19 +0000
Also check out www.sapjobsbangalore.com
SSE,TL,AM
Microsoft-SQL Server-Analysis Services job India
Microsoft-SQL Server-Analysis Services job India
Viewers also viewed
Although India has announced a new climate plan which identifies renewable energy such as solar...
 
117 referals 25 arguments, 787 views
If you want to change the world, you have to think big. Say what you want about the feasibility...
 
173 referals 19 arguments, 346 views
India’s Central Electricity Regulatory Commission (CERC) has announced the new regulations,...
 
130 referals 15 arguments, 1970 views
more...  
Recent Knowledge (5)
WE HAD A GOOD NUMBER OF INVENTORS WITH GREATER VISION ABOUT THE SOCIETY. INVENTORS HERE NEED NOT...
 
2 referals 2 arguments, 97 views
These days as I switch on the tv or radio or look at a hoarding I do feel that power of ads I...
 
3004 referals 23 arguments, 482 views
C vs B
 
0 referals 3 arguments, 51 views
more...  
More From Author
Credit card statements provide a detailed list of all your expenses. It is just easier to keep a record and track expenses incurred using credit cards. Keeping track of cash expenses becomes difficult as one spends more and more in cash. It is not...
This budget lacks many things. It doesn't contains many things from Last year budget, no special measures has been taken to improve quality and security in trains. Number of trains has been increased which will increase train train traffic but no...
It has been seen over the years, whenever an income tax budget comes out, the salaried class and small businesses are more affected by rules related to income tax than the rules related to indirect taxes like sales tax and excise duty. Similar...
more...