Prime Minister Narendra Modi said that the Goods and Services Tax (GST) holds the potential to improve India´s energy efficiency by enabling more efficient long-haul transportation across India. He was speaking after inaugurating the Petrotech 2016 conference on December 5, 2016, in New Delhi where he added, ´At the moment, the piped natural gas network in India is 15,000 km in length.
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Recovery from demonetisation is a foregone conclusion
There is definitely going be a short-term impact of demonetisation on the industry. The November 2016 sales of two-wheelers, four-wheelers and the automotive industry in general has taken a beating.