India will need at least $125 billion to fund renewables dream: Govt official

India will need at least $125 billion to fund renewables dream: Govt official

India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead. The nation...
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Plastic items, furniture may get cheaper as govt plans to cut GST rates on items in 28% slab

Plastic items, furniture may get cheaper as govt plans to cut GST rates on items in 28% slab

The GST Council may consider Friday reducing items in the 28% tax slab and slash rates for daily use items, plastic products and handmade furniture as it looks to provide relief to consumers. Four months after the Goods and Services...
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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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