India has a unique indirect tax landscape for the infrastructure sector. While the sector enjoys a plethora of concessions and exemptions, the very nature of the contracting structure is troubled with a large amount of complexities, more so on the EPC contracting side.
Category: Roads & Highways
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Petrol consumption to grow 6percent in FY 2017-18
India´s petroleum consumption will grow at 6 per cent in financial year (FY) 2017-18, double the rate at which fuel demand in China is projected to grow, according to Moody´s Investors Service.
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Gadkari launches 12 Punjab National Highway projects
Punjab witnessed a major step towards world class road connectivity in all major cities as Union Minister for Road Transport, Highways & Shipping Nitin Gadkari laid the foundation stones of 12 major National Highway projects worth Rs.10,596.19 crore at Ropar, Samrala and Jalandhar in the state.
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State transport firms boost bus sales
The Mint newspaper reports that over the past three months, India´s top three bus makers, Ashok Leyland, Tata Motors and VE Commercial Vehicles, have received orders for supplying 10,600 total units from various state transport undertakings.
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NHAI awards nearly Rs.4,000 cr highway projects in Karnataka
The National Highways Authority of India (NHAI) has awarded two contracts worth Rs.3,918 crore in Karnataka under NHDP. The projects on NH 63 include ´four-laning of Hubli-Hospet section at Rs.2,293 crore to BSCPL-KNR (JV) and four-six laning of Hospet-Bellary-Karnataka/AP border Section for Rs.1,625 crore to Gammon India Ltd,´ the Ministry of Road Transport and Highways said.
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Dilip Buildcon bags NHAI contracts
The National Highways Authority of India (NHAI) awarded four-laning contract for the Lucknow-Sultanpur highway section in Uttar Pradesh to Dilip Buildcon.
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Rs.14000 cr to spur electric car use
The Transport Ministry is analysing the most appropriate ways to implement a policy called FAME (Faster Adoption and Manufacturing of Hybrid and Electrical Vehicles. The Hindu reports that the introduction of hybrid and electrical vehicles in India will have positive spin-offs both for the economy as well as the environment.
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NHAI awards Rs 2,845 crore UP four-laning contract to Dilip Buildcon
The National Highways Authority of India (NHAI) has awarded the four-laning contract for the Lucknow–Sultanpur highway section in Uttar Pradesh to Dilip Buildcon.
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National Civil Aviation Policy to develop infra, boost tourism
Ashok Gajapathi Raju Pusapati, Minister of Civil Aviation, has said that the government has taken a number of initiatives to make tourism affordable and accessible to the international traveller. He was speaking at a plenary session on ‘Core Infrastructure for Tourism’ at the Incredible India Tourism Investors’ Summit organised by the Ministry of Tourism in partnership with the Confederation of Indian Industry and the Tourism Finance Corporation of India.
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Gadkari lays foundation stones for 12 National Highway projects
Punjab witnessed a major step towards world class road connectivity in all major cities as Union Minister for Road Transport, Highways & Shipping Nitin Gadkari laid the foundation stones of 12 major National Highway projects worth Rs 10,596.19 crore at Ropar, Samrala and Jalandhar in the state.