Mines auction is likely to add Rs 1.5 lakh crore to statesĂâ kitty in 2017-18, Mines Secretary Arun Kumar has said. The first tranche of auctions, which started last year, saw bidding of 21 mine blocks that fetched Rs 73,000 crore to states.
Tag: Arun Kumar
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Hitting the High Notes
The governmentĂ´s move to demonetise old Rs.500 and Rs.1,000 banknotes has been widely hailed by the countryĂ´s infrastructure sector as a positive development. Industry representatives would also like the government and its agencies to simultaneously roll out adequate measures to counter any likely bumps on the road ahead.
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Most complex tax regime by far
The macroeconomic aspects of GST havenĂ´t been taken into account. If the government says that it will collect more revenue, then that means that prices will have to rise because itĂ´s an indirect tax. If prices rise, then industrial output would tend to stagnate or decline.