Projects

The applicability of GST in the Indian taxation system was a move aimed towards ‘one nation, one tax’. Post land abetment, the applicable GST for under-construction properties was 12% while ready-to-move-in flats were kept out of the GST ambit.

A Singapore-based mobile services provider, VivoHub, has selected Tata Communications to turn its VivoBee mobile app into a one-stop suite of mobile services designed to meet the city state's one million migrant workers needs.

Foreign Direct Invest (FDI) has increased to US$60.97 billion in 2017-18 from US$45.15 billion in 2014-15, Minister of State for Commerce and Industry, C. R. Chaudhary, updated parliament in a written reply on 17 Dec 2018.

The Cabinet Committee on Economic Affairs construction of a 5.634 km long new 4-lane bridge across river Ganga and 14.5 km road in Bihar. It would cost Rs.2,926.42 crore and completed in three-and-a-half year by January 2023.

Hyderabad-headquartered Power Mech Projects Ltd has secured Rs.245 crore worth of two orders from domestic projects.

The Prime Minister, Narendra Modi, has inaugurated a new Airport Complex and an Integrated Command and Control Centre for the Kumbh Mela, at Prayagraj.

President Ram Nath Kovind laid the foundation stone of the Kevadia Railway Station in Gujarat’s Narmada district, saying it would be the first green building on the line.

A critical driver for higher growth was competitiveness and the proposed new industrial policy aims to achieve this objective for India, said Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP).

Austrian-Russian companies will be helping out with cable cars and airboats for travelling across hilly areas and over rivers, said Nitin Gadkari, Minister for Road Transport and Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation.

Crisis created by the Non-Banking Financial Institution or Company (NBFC) is going to hold India’s real estate sector at gun-point in 2019, as it did in 2018, a year of veritable roller-coaster ride.