In a note submitted to the finance ministry, it suggested that to avoid accumulation of input tax credit with the contractors, a similar exemption should be granted in GST on direct procurements made by the contractors for such projects.
While incremental demand is seen doubling to 48 million tonne (MT) compared with the past three fiscals, incremental supply is seen moderating by a fifth to 31 MT from 39 MT. Demand is being supported by the government's focus on affordable housing and infrastructure, especially spending on roads, railways and urban development, it said in a report.
As many as 22 projects worth Rs. 18,300 crore are lagging behind, according to a report in Financial Express.
With the recent steps taken by the Centre and with the real estate regulator in place across states, JC Sharma, Vice Chairman and Managing Director of Sobha Developers, believes things will improve.
The proposed Railways of India Development Fund would be independent of rail budget and intended for all big ticket rail-based projects, including station redevelopment, rail expansion, port connectivity and freight terminal upgradation in PPP model.
The JSPL chairman is bullish that increased production & good demand will help the company pare debt.
"So, India is a fastest growing economy in G-20, growing at 7 per cent a year. There is huge demand for infrastructure investment in India, and it is going global and looking for global investors and London is proving to be natural place for it," Rathi said.
Maharashtra chief minister Devendra Fadnavis, on May 11, 2017, said that the proposed Mumbai coastal road project has received its final approval from the centre. “This coastal road will ease the congestion on the R
The IPO will open on May 17 and close on May 19 and has a price band of Rs 98-100 per unit.
Gadkari's three-day UK visit from tomorrow will kick off with a market opening ceremony at London Stock Exchange (LSE), where he will address investors on the opportunities to participate in India's growth story.
The first four infrastructure investment trusts (InvITs), which are likely to hit the primary markets this fiscal, may bring down the overall debt of sponsor groups by nearly Rs 13,000 crore, according to India Ratings and Research (Ind-Ra).
A high-powered team of Indian officials led by Jagdish Prasad Meena, Special Secretary in the Ministry of Food Processing Industries yesterday started their two-day trip to Midwest from Chicago holding meetings with high-level officials from several Chicagoland food services, logistics and restaurant companies.
The ministry's flagship National Steel Policy, which seeks to outline a roadmap to increase the country's annual steel production to 300 million tonnes by 2025, is also expected to be passed in the cabinet, the official told Reuters.
Engineering company IRB Infrastructure, on April 25, 2017, became the first firm to announce a public offer in the infrastructure investment trusts (InvITs) space, with a Rs 5,000-crore plus public issue of its fund R
Delays in projects across railways, roadways and coal sectors, among others highlight the need for faster bureaucratic clearances and availability of funds.
The decision would directly benefit important projects such as Mumbai trans-harbour link (MTHL), Finance Minister Arun Jaitley told reporters here.
"... there is still a lot of catching up to do in terms of broadband access and speeds with 17 per cent penetration in mobile broadband, that is, with speed over 512 kbps as against 2 mbps and above for most of the countries," a CII-KPMG report said.
"The construction arm of L&T has won orders worth Rs 2,694 crore across various business segments," L&T said in a BSE filing today.
Cairn India Limited approached the Ministry of Environment Forest and Climate Change seeking necessary clearances for the proposed project.
Noting that more than 70 per cent of the population will move to urban areas by 2040, Ashish Kumar Singh, the Public Works Department‘s (PWD‘s) principal secretary, said that â€œThis will require investment to R
A Bombay High Court bench of chief justice Manjula Chellur and justice GS Kulkarni, has ordered the Mumbai Metro Rail Corporation Ltd (MMRCL) to prove that it did not damage a children‘s park, while R
Overall deal activity in the January-March quarter witnessed an unprecedented three-fold year-on-year rise in value terms, driven solely by the Vodafone-Idea mega merger, which accounted for 80 per cent of the total values.
"By 2040 more than 70 per cent of the population will move to urban areas and that will require investment to the tune of USD 20 trillion to create infrastructure for this population," Singh said at Confederation of Indian Industry (CII) Conference on Infrastructure Project Management here.
Ever since the introduction of the SEBI (Real Estate Investment Trusts) Regulations and SEBI (Infrastructure Investment Trusts) Regulations in 2014, the market regulator and the government of India have initiated a number of reforms R