India, being one of the major developing economies, has seen significant growth in the infrastructure sector in the last few years. Such infrastructure projects usually require expertise and specialised resources in specific arenas within the project, mooting for the parties to enter into Engineering Procurement and Construction (EPC) contracts.
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New FM seeks separate paper on GST
The new Union Finance Minister Arun Jaitley has asked the revenue department for a separate presentation on the proposed tax reform towards Goods and Services Tax (GST). Expenditure, revenue and disinvestment departments had made presentations to the minister on 28 May.