At present, a GST of 18 per cent is levied on helmets. At present, a GST of 18 per cent is levied on helmets.
IRF in a statement also welcomed the thrust of the Budget on seven growth engines of PM GatiShakti, including roads, railways, airports, ports, mass transport, waterways and logistics.
IRF, which is a global body working for safer roads also expressed concern about vehicle safety, alleging that despite being an expensive SUV it failed to save the passenger in the vehicle.
The Motor Vehicles (Amendment) Bill, which has already been passed by the Lok Sabha, was introduced in the Upper House in April 2017, but was referred to a select panel.
The Enforcement Directorate has registered a criminal case against controversial Islamic preacher Zakir Naik and his organisation IRF under money laundering laws.
The IRF contract is based on 6.84 per cent central government security maturing on December 19, 2022, and will be available for trading from December 30 this year, BSE said in a circular.
In comparison, the total turnover stood at about Rs 4.74 lakh crore in the IRF segment during 2014-15, an analysis of the data available with regulator Sebi and the bourses showed.
The Automotive Research Association of India (ARAI) has developed a comprehensive testing facility at Chakan, near Pune, to crash test the new vehicles, he said as per a statement issued by IRF.
Trading value from IRF -- on BSE, NSE and MSEI -- cumulatively stood at Rs 56,831 crore in May, latest exchange data showed. Besides, turnover in IRF in June is more than two times the figure in the same month last year.
Interest Rates Futures contract based on 7.72 percent central government security maturing on May 25, 2025, will be made available for trading from May 29, 2015, the exchanges said in separate circulars.
An IRF is a contract between a buyer and a seller for future delivery of an interest-bearing security such as government bonds.
According to R Sundararaman, the new product will include trades on the most liquid funds and is a cash-settled product along with trading, clearing, settlement and risk management similar to equity derivatives product.