This Union Budget came against the backdrop of a raft of reforms, economic slowdown and fiscal stress. While the Budget proposals will incrementally contribute to economic expansion with its de facto elements of stimulus, the pace of growth will largely be due to factors outside the Budget.
Tag: GST
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Post Budget Analysis | Ports
Budget allocation of Rs 600 crore for projects under Sagarmala, Rs 322.6 crore for the development of ports and Rs 508 crore for grants to the Inland Water Transport Authority of India.
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Momentum = Mass X Velocity
As I write this, our Prime Minister is already in the UAE, making his second trip in less than three years, to accelerate the infrastructure thrust that the two countries have agreed upon.
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Solar Tenders witness drop in November
Solar tender and auction activity in India had a steep decline in November 2017. The solar capacity tendered across the country during the month fell by 25 percent to 300 MW compared to the October 2017 total and the amount of solar auctioned dropped by 98 percent to just 5 MW.
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Capacit’e Infraprojects bags project worth Rs 825 crore
Capacit'e Infraprojects Ltd, has bagged a contract worth Rs 825.01 crore (excluding GST), from Arihant Abode Ltd, a subsidiary of Arihant Superstructures Ltd, for affordable housing project christened “Arihant Aspire” situated at Panvel, Maharashtra, in proximity to the proposed Navi Mumbai International Airport. The scope includes construction of civil & structural, finishing & MEP works to be executed in phases for 8 residential buildings of 42 floors each.
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Indian airports facing severe capacity crunch
Amber Dubey, Partner and India Head of Aerospace & Defence, KPMG feels that a tough relook is required at the Land Acquisition, Rehabilitation and Resettlement (LARR) Act, 2013, as it has made land acquisition for public infrastructure projects such as airports impossible.
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Forget elections, fix the economy!
The economy is huffing and puffing. Its health report indicates a serious infection. The economy has been inflicted with two rounds of disruptions which have caused it to sputter; Demonetisation and GST. Before the GDP numbers were recalibrated, the GDP numbers had turned in sub six percent figures.
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We Are Focused on Energy Transition in India
Nitin Prasad, Chairman, Shell Companies in India feels that the government is on the right track with its measures to attract international investments into the oil and gas sector. Speaking to INFRASTRUCTURE TODAY on the sidelines of FICCI's Business and Climate Summit, he also touched upon the British-Dutch multinational's India plans.
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Technological Intervention
Logistics is the backbone of any economy as it affects all end-user industries in general and is very important for all three sectors of the economy: agriculture, manufacturing and the service industry.
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GST launch takes its toll on the June IIP numbers
The IIP number for the month of June 2017 came in sharply lower at -0.1% compared to 1.7% in the previous month of May 2017. A correction in the IIP was expected in the month of June due to the impact of the GST launch, although it was not expected to dip into negative territory.