The industry estimates that falling crude oil prices, lower fuel subsidies along with recent diesel tax hikes could together add almost Rs 1.1 trillion to the Union Budget. And with the government planning to spend about $8 billion of that on infrastructure and manufacturing activities, the infrastructure sector is looking at a brighter year ahead.
Tag: NAPCC
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Energy: Promote captive power
A greater emphasis on captive generation needs to be given. As per CEA a nominal 19,509 MW of captive power capacity exists. Lowering of state and central taxes would give a boost to captive producers.