GST Council may look to rationalise 28% slab; taxes on cement may be cut in its meeting next week
• 6 years agoThe 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
• 6 years agoEight 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
• 7 years agoThe 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
• 7 years agoThe 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.
Government imposes standard conditions for 25 sectors seeking environment clearance
• 7 years agoThe 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
• 7 years agoThe previous high rate of growth was recorded in November 2017 at 6.9 percent.
Union minister Arun Jaitley sees GST rate cut on cement, air-conditioners, TVs with rise in revenue
• 7 years agoAs 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.
Cement stocks fall up to 3% after NCLAT dismisses plea against CCI penalty on 11 companies
• 7 years agoShares 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.
Infrastructure sector growth dips to 10-month low of 3.6% in May, shows commerce ministry data
• 7 years agoGrowth 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
Eight core infrastructure sector grows at 6.7% in January; cement, refinery output zoom
• 7 years agoThe 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.