As part of the project, 1,500 bridges of the British era will be overhauled at an estimated expenditure of Rs 30,000 crore
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The Government in the revised draft policy, unveiled on October 30 last, had proposed 2 per cent levy on all airfares to mop up funds for its regional connectivity scheme.
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The Finance Minister's pensions tax plan has sparked fury among India's small but vocal professional class -- only around 36 million of the country's 1.3 billion people contribute to the EPF
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"The government's effort is to find the best possible solution to various issues so that the civil aviation sector takes off," he said.
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Finance Minister Arun Jaitley's proposal to tax 60 per cent of withdrawals from provident fund came under immediate attack from various employees unions
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India’s manufacturing growth remained unchanged in February following price reductions even as new orders registered the strongest upturn since last September, says a Nikkei survey.
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Clearing the air on taxing provident fund withdrawals, the government on Tuesday said PPF withdrawals will continue to be fully exempt from tax and only interest accruing after April 1 on 60 per cent of the contributions made to Employee PF will be taxed
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Major global defence companies have been circling over the Indian market, buoyed by the military's modernisation plans worth more than $100 billion
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The Government-run carrier has been allocated Rs 1,713 crore as part of the Rs 30,0231 crore financial bailout package.
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In coming out with a Budget with focus on a distressed rural India, the Modi government has sought to dispel the notion that it’s anti-farmer and anti-poor
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