Sales of medium and heavy commercial vehicles are set to reach a new high this financial year and continue the growth momentum into next year, with the positive rub-off from the government’s infrastructure push and implementation of GST, as well as strict enforcement of rules against overloading driving demand.
Finance Minister Arun Jaitley today said the states are not in favour of including petrol and diesel into GST at the moment, ruling out any immediate levy of the new indirect tax on these petroleum products.
India’s economy would grow at 8.5% next fiscal and the 7.5% growth projection by economists is on the “conservative side”, power minister R. K. Singh said on Thursday.
Union Budget 2018: On February 1, Finance Minister Arun Jaitley will present the Union Budget 2018 in the parliament. In the budget 2018, the speculation is that there will be multiple steps taken to boost the investments in the country
Budget 2018: India’s Renewable Progress Slips; GST-Induced Losses, Import Duty On Solar Modules Threaten 2022 Target
In line with its climate-change commitments and domestic pollution concerns, India has one of the world’s largest programmes to expand renewables — a tripling of capacity over the next five years.
Railway Minister Piyush Goyal at World Economic Forum in Davos said that the delegation at the forum is giving out the message of ‘New India 2022’ that the Government is working hard to achieve.
A day ahead of a crucial meeting of the GST Council, the Congress asserted its demand to bring petroleum products and real estate under the Goods and Services Tax’s ambit.
The Goods and Services Tax Council’s meeting today is expected to focus on key fiscal issues such as declining revenue collections and waning compliance, according to tax analysts, who said the Council’s 25th meeting assumes significance, coming less than two weeks before the presentation of the Union Budget on February 1.
Struggling to survive despite the government ‘s clean energy dream, biodiesel industies have demanded the Goods and Service Tax (GST) rate on them be slashed from the current 18 to 5 per cent.
Severely impacted by various reforms like RERA, GST and demonetisation, the realty sector is pinning its hopes on Budget 2018-19 for relief measures like lower taxes and infrastructure status.