The slash in GST rates to 5 per cent without ITC from the previous 12 per cent with ITC for premium homes, and to 1 per cent minus ITC for affordable homes from the earlier 8 per cent, gives the beleaguered realty sector the much-needed breathing room and will certainly help it maintain some forward momentum in 2019.
FlashNews:
405 routes now operational under UDAN scheme
MNRE to implement Rooftop Solar Programme Phase-II
Punjab floats tender for 217 MW solar projects under PM-KUSUM
Adani Group to acquire new space for Thiruvananthapuram airport
NHAI initiates DPR for new Mysuru-Kerala NH project
HMT Machine Tools Ajmer develops grinding machine for railway axles
Tata Steel completes maiden multi-modal shipment of TMT bars
Kochi airport to be power-positive with new solar plant
Gadkari to lay foundation stone for many highway works
Talasani inaugurates last down ramp of PVNR Expressway
India’s solar installations in 2021 surpass a record 10 GW capacity
A unit of Parli thermal power plant shut due to coal shortage
Samrath Kochar, Founder & CEO, Trontek: The battery space is constantly evolving
Sajjan Jindal is CW Man of the Year – Private Sector
GR Infra, Tata Projects, Afcons India’s fastest growing large construction companies
BRO Lt Gen Rajeev Chaudhry is CW Man of the Year – Public Sector
Welspun, PSP, Ahluwalia bag honours as fastest construction companies in under ₹2k cr
APCO, DRAIPL, HG Infra bag honours as fastest growing construction companies
7th India Construction Festival takes off with focus on tech
Tag: GST
Toll collections to witness double-digit growth in FY2020
Driven by strong growth in medium and heavy commercial vehicle (M&HCV) along with an increase in the wholesale price index (WPI), toll collections are likely to witness significant growth in FY2020.
The compressor market will grow above 20,000-25,000 units a year
Despite price sensitivity of the Indian market remaining a major challenge, Conrad Latham, General Manager, Atlas Copco Compressor Technique, India cites that to be competitive in India, the global players are willing to pay for the value of options that are normally associated with improved energy efficiencies like variable speed drive compressors, permanent magnetic motors, cost-effective adsorption dryers or even higher IE-rated motors.
Need an Integrated Logistic Policy
The logistics industry has always been an underdog and has not received the much-deserved attention yet. Though the sector is full of potential, it is yet to achieve optimal utilisation of resources.
Housing for All by 2022 to attract $ 1.3 trillion
The ancient Chinese curse, 'May you live in interesting times,' certainly has a lot of pertinence to the Indian real estate today. These are doubtlessly the interesting times for the sector, which has transformed significantly over the last decade.
Public Spending: Can the Government keep up the Tempo?
Resumption and broad-basing of private investments has become critical to sustain the share of infrastructure investments.
2018 will be a year of job stability
Though ubernisation is invading the Indian job market, Sudeep Sen, Head of Industrial and Manufacturing Vertical, TeamLease Services believes that e-commerce, logistics, IoT (Internet of things) and manufacturing are the sectors which will create the maximum number of jobs in India and these sectors will see about 18-20 per cent increase in jobs from the present state.
A Tidal Wave in the works!
As the stance of governance is hardening, institutions standing on weak or corroded legs, are stumbling and crumbling. After the case of corrosion of ethics in ICICI, the IL&FS too seems to have bloodied its nose by first becoming a messiah to MaytasInfra (the Satyam scam fall out) in 2009 and then several unrelated forays.
The Order Book Chase
Total order backlog of the engineering and construction firms was Rs.8.1 trillion at the end of FY18. Of the whole order backlog, almost 62 per cent was contributed by the construction companies, followed by 24 per cent of capital goods companies catering to the energy industry.
India invites Australian Superfunds to invest in infrastructure
India has asked Australian Superfunds to invest in major infrastructure projects in the country.