net worth
The government is yet to decide on whether the controversial general anti-avoidance tax law GAAR should be implemented as scheduled or not. They have enough time to review that, and should look into all the aspects before taking the final call. The Revenue Secretary Shaktikanta Das mentioned in a post-Budget interaction with industry body CII (Confederation [...] Continue Reading »
The land acquisition act was constantly under pressure ever since it was launched and most of the state governments have sought a relook at UPA’s Land Acquisition Rehabilitation and Resettlement Act, 2013. By early as the next fortnight, the Centre is going to convening an all-party meet to discuss all these issues and come to [...] Continue Reading »
According to an internal note of the Department of Telecommunications (DoT), the government plans to make creation of telecom infrastructure mandatory for future real estate ventures, including high rises. DoT is likely to shortly specify the real estate project categories where it may purely be the property developer’s responsibility to arrange the basic telecom infrastructure, [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »
During the course of an Assocham event held in New Delhi on Wednesday, Warehousing Development and Regulatory Authority (WDRA) Chairman Dinesh Rai said that the cost of land is one of the main constraints for the warehousing sector in India. Asserting that other logistic costs are also significant for India’s unorganized warehousing sector, Rai said it is pertinent [...] Continue Reading »
As per the Economic Survey report, fresh investments have slowed down in SEZs in the recent years. The report has urged the government to give clear signal to revive the special economic zones (SEZ). The SEZs were major export and manufacturing hubs, and every company wanted to open their units in SEZs. However in the recent [...] Continue Reading »
The company was selected as the preferred bidder to develop and run a toll road project worth Rs 3,200 crore ($528.45 million) in Maharashtra. As a result, Shares in IRB Infrastructure Developers Ltd gained as much as 3.8 percent in intraday trade. Macquarie started coverage on the stock with an “outperform” rating and a target [...] Continue Reading »
GMR Infrastructure has made an upfront 14.4 billion Philippine Pesos (about USD 320 million) payment in an agreement to develop and operate the Mactan Cebu International Airport in the Philippines. The company has won an international bid, together with Philippines based construction firm Megawide. The bid involves developing and operateing the Mactan Cebu International Airport [...] Continue Reading »
