The GST is a value-added tax that will replace all other indirect taxes in India. One purpose of the GST is to make taxes ´destination´ based rather than origin based, or ´efficiency´ based rather than ´regulation´ based.
Tag: Make In India
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Indian logistics saw better growth while globally there was muted demand
Big is definitely better for the warehousing services focusing on serving organised sectors. Economies of scale, cheaper land costs, more automation and higher labour utilisation are some of the key benefits.
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ABB wins order to supply 1600 transformers to Indian Railways
ABB has won an order from Alstom to supply 1600 traction transformers for 800 new electric freight locomotives in India.
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Lack of sufficient domestic project financing options remains a concern
Steve Edwards - Chairman and CEO, Black & Veatch, shares his perspective on the Indian infrastructure market, his company´s offerings, and the shortcomings in the current EPC contract mechanism in the country.
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Automobiles to drive Make in India
Girish Shankar, Secretary, Ministry of Heavy Industries and Public Enterprises has said that the Government of India aims to make automobiles manufacturing the main driver of the ´Make in India´ initiative, as it expects the passenger vehicles market to reach 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26.
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Auto manufacturing will be main driver of ‘Make in India’ initiative
Girish Shankar, Secretary, Ministry of Heavy Industries and Public Enterprises has said that the Government of India aims to make automobiles manufacturing the main driver of ‘Make in India’ initiative, as it expects the passenger vehicles market to reach 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26.
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Russia to help India in four key areas
Russia has agreed to help India in four key areas of civil aviation, fertilisers, mining and metallurgy, said an official statement after the fifth meeting of the India-Russia working group on modernisation and industrial cooperation.
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Government plans to make India a hub for aircraft maintenance
In an effort to make India a hub for aircraft maintenance and repair, the government plans to set up two new facilities in the country to scale up the sector currently valued at around Rs 5,000 crore.
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Slow investment recovery holding back growth | India Ratings
India Ratings and Research (Ind-Ra) has revised its gross domestic product (GDP) growth forecast for FY17 upwards to 7.8 per cent from its earlier forecast of 7.7 per cent. The upward revision has been prompted by the progress of monsoon and the sowing of kharif crops so far. With the exception of the East and Northeast, the rainfall in other regions of the country has been more than the long period average.
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Data to accelerate expansion of mobile telephony
Granting of infrastructure status to the telecom tower industry has resulted in varied financial benefits. External commercial borrowing rates have improved. However, lower import duties and accelerated depreciation benefits are yet to be realised.