Mines auction is likely to add Rs 1.5 lakh crore to statesÂ’ 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.
The governmentÂ´s move to demonetise old Rs.500 and Rs.1,000 banknotes has been widely hailed by the countryÂ´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.
The macroeconomic aspects of GST havenÂ´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 itÂ´s an indirect tax. If prices rise, then industrial output would tend to stagnate or decline.