The India Infrastructure Summit is the largest platform for policy debate relating to infrastructure sector in India. The seventh edition will be held in New Delhi on 16th November.
The Model GST Law specifically treats a Â´works contractÂ´ (including any transfer of property in goods in the execution of such contract) as a Â´serviceÂ´. However, determining the nature of a particular agreement, or a set of agreements, for a project (i.e., whether it qualifies as a works contract or not) would still be critical from the perspective of the place of supply, the taxable value, the applicable rate of tax and the compliances to be undertaken given the peculiar and varied nature of arrangements in the infrastructure sector, involving multiple scopes of work and multiple participants (consortium) for either a full project or for parts of a single project.
The authorities concerned in Varanasi have taken up repairs to the city roads at last. But the contractors are not using the binding material in their works, but simply filling the potholes with boulders. With this, the condition of the city roads is deteriorating further and troubling the motorists and commuters.
Contractors will be made responsible for the damaged roads they have built in Kerala. The Kerala government has taken this step as the stateÂ’s road network collapsed in recent heavy rains. The State Chief Minister Oommen Chandy said recently that the contractors will be asked to repair on their own the roads that collapsed within a year of construction.
In Maharashtra, Pimpri Chinchwad Municipal Corporation (PCMC) has given an ultimatum to the contractors to complete the long-pending work of Empire Estate flyover. The work of the bridge started nearly two-and-half years ago but only 30 per cent of it has been completed so far.
The slow paced work of flyover at Chinchwad on old Pune Mumbai highway is causing a lot of inconvenience to local residents.
Contractors in Kerala who failed to repair roads, that are damaged before the guarantee period, will be blacklisted, the Kerala government has said. Ports and Fisheries Minister K Babu asked contractors to repair the roads at the earliest. The minister also directed authorities to complete the rehabilitation of people who have suffered losses in the landslide at Kadvoor near Kothamangalam last year.
Media reports say that contractors are not enthusiastic to take up upgradation of roads planned at Rs 72 crore by the Bruhat Bengaluru Mahanagara Palike (BBMP). The work comprises upgradation of seven major roads, including Residency and Richmond Road in the heart of the Indian IT City. Although BBMP and Karnataka government are eager to provide quality roads in the city through 'TenderSure' initiative by integrating all the civic agencies, there are no takers for the project.