Service tax exemption of 25 per cent from taxable value is being provided to services of transport of coastal goods and goods transported through national waterways or inland water with no CENVAT credit of taxes paid on inputs, input services and capital goods. The effective service tax rate is 7.725 per cent.
Tag: GDP
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Budget 2011-12: Infra on higher pedestal
The government intends to spend Rs 214,000 crore on infrastructure, 23.3 per cent higher than the allocations in 2010-11, accounting for major share of 48.5 per cent of the gross budgetary support to the central plan.
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Analysis: Strategies, opportunities and challenges in MA 2020
Everyone is excited, as the government has brought forth an implementable plan of action for the first time. Now to frame regulations and policies around it.
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Budget Analysis: Thumbs up … well, almost
The infrastructure investment will reach 8.37 per cent of GDP in the terminal year of the 11th Plan (2011-12). Net bank credit to infrastructure has increased by 59 per cent over previous year. However, total FDI inflows during April-November 2010 were 26.67 per cent lower compared to the inflows during the same period in the previous year.
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All that shines
As it has been reported in the media, more than half of our country’s infrastructure projects are running overtime, and PPP projects are delayed more than EPC projects.
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Spain beckons: The environment is enabled: Now for action
After having ignored each other for centuries, economic and commercial relations between the two countries have been growing steadily throughout the past 15 years.
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Bumper to bummer
What our cities must get right before jumping to future transport options. “Why focus on urban transport?†asked a 2005 government presentation document, somewhat rhetorically.
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Global Policy: Around the world, infra is in critical stages
Severe budget constraints will limit many governments’ ability to fund improvements, and private financing will have to fill the gap.