Budget 2019: Govt should instruct banks to allocate part of new disbursements for critical needs of real estate sector
In the past five years, share of banks in addressing funding needs of the real estate industry has been going down with most of the demand being catered to by housing finance companies and NBFCs.
"The domestic cement capacity utilisation is expected to remain moderate at around 70 percent in FY2020 despite an estimated demand growth of 7-8 percent in FY2019-FY2020 due to capacity overhang. This is likely to continue pricing pressures thereby leading to pressure on margins," Icra said.
GST Council likely to slash tax on auto tyre, cement to 18%; Saturday meet aims to lessen burden on commoners
While a GST rate cut on cement to 18 percent is likely to cost about Rs 20,000 crore annually to the exchequer, the council is still likely to go ahead.
The GST Council, chaired by Finance Minister Arun Jaitley and comprising his state counterparts, has pruned the 28 percent slab by cutting tax rates on 191 goods over the last one-and-a-half year, leaving only 35 items in the highest slab.
Core sector growth slows down to 4-month low of 4.3% in September as production of crude oil, natural gas declines
Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 4.7 percent in September 2017.
Infrastructure sector growth slows down to 4.2% in August; decline in crude, fertiliser production to blame
The output of crude oil and fertiliser dipped by 3.7 percent and 5.3 percent respectively, according to the data released by the commerce and industry ministry on Monday.
Eight core sectors grow by 6.6% in July pushed by healthy output in coal, refinery products, cement and fertiliser
The eight core sector -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had registered a growth of 2.9 percent in July last year.
The 25 sectors include iron, steel, cement, coal, petroleum refineries industry, paper and pulp industries, hydro-electric projects, industrial estates, among others.
Infrastructure growth jumps to 7-month high of 6.7% in June; cement, refinery, coal sector performs better
The previous high rate of growth was recorded in November 2017 at 6.9 percent.
As of today, only 35 goods, including cement, automobile parts, tyres, automobile equipments, motor vehicles, yachts, aircrafts, aerated drinks, betting and demerit items like tobacco, cigarette and pan masala, attract highest GST rate of 28 percent.
Shares of India Cements fell by 3.29 percent, UltraTech Cement dropped 2.39 percent, Ambuja Cements 1.50 percent, Grasim Industries 1.31 percent, JK Lakshmi Cement 1.26 percent and ACC 0.28 percent on BSE.
Growth of eight infrastructure industries dropped to a 10-month low of 3.6 percent in May due to a decline in production of crude oil and natural gas
The eight core sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had grew by 4.2 percent in December and 7.4 percent in November this financial year.
Growth of the eight core sectors slowed to a five-month low of 4 percent in December 2017 due to negative performance of segments like coal and crude oil, official data showed
The output growth for the month under review is highest since October 2016, when these core sectors had witnessed 7.1 percent rise
The core sector growth in August is the highest since March, when it grew by 5.2 percent
Slow growth in key sectors would also have implications on the Index of Industrial Production (IIP) as these segments account for about 41 percent to the total factory output
While GST is a value added tax, entertainment tax, presently levied by the states is like a turnover tax, i
GST impact: Smartphones, medical devices, cement to cost less; rates beneficial to consumer, govt insists
A smartphone currently attracts 2 percent central excise duty and VAT, which vary from state to state (5 percent to 15 percent).