India’s infrastructure output grows 4.9% in August: Govt

India’s infrastructure output grows 4.9% in August: Govt

India’s annual infrastructure output grew at its fastest pace in five months in August, driven by higher coal and electricity production, government data showed on Tuesday. The output grew 4.9% in August compared with a revised 2.6% year-on-year growth in...
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Govt to set up 5 scrap-based steel plants, invest Rs 500 crore

Govt to set up 5 scrap-based steel plants, invest Rs 500 crore

The government is planning to set up five scrap-based steel plants at an investment of Rs 500 crore within a year to ensure that a chunk of the country’s targeted 300 million tonne steel output is met through scrap. India’s...
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Govt keeping an eye on GST implementation regularly: Meghwal

Govt keeping an eye on GST implementation regularly: Meghwal

The government is monitoring implementation of the Goods and Services Tax (GST) regularly and teething issues are being resolved immediately, minister of state for finance Arjun Ram Meghwal said on Saturday. Some technical issues with regard to tax payment hav...
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GST Council may examine lowering tax slab for govt projects: K Chandrasekhar Rao

GST Council may examine lowering tax slab for govt projects: K Chandrasekhar Rao

Finance minister Arun Jaitley has assured the Telangana government that the GST Council would discuss the issue of lowering tax structure on public projects as requested by the state. According to an official release from the chief minister K Chandrasekhar...
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Luxury cars, SUVs will be costlier as govt clears hike in cess

Luxury cars, SUVs will be costlier as govt clears hike in cess

SUVs and luxury cars will soon cost more in India as the Union government cleared on Wednesday an ordinance to hike the maximum cess on vehicles from 15% to 25%. SUVs and luxury cars became cheaper under the new Goods...
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Addl Rs 6,399 bn investment needed to double farmers’ income: Govt report

Addl Rs 6,399 bn investment needed to double farmers’ income: Govt report

  An additional investment of Rs 6,399 billion is required from both public and private sectors to enable doubling of farmers’ real income by 2022–23, a government committee said in its latest report. At present, public investment is below national...
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