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The CM of Tripura, an Indian state, has requested the Petroleum Ministry to do away with the VAT waiver currently provided to the ONGC Tripura Power Company (OTPC). The state government emphasized on the loss being borne, due to the waiver. OTPC, which runs the Palatana Power Project, is in profits, and the state government understands that the removal of waiver won’t cause any unwanted loss to the company.
