Rail Vikas Nigam to float SPVs for certain projects
New Delhi: Rail Vikas Nigam, a special purpose company to be floated by the Railways for executing Rs 15,000-crore National Rail Vikas Yojana, will in turn be forming special purpose vehicles for certain projects.
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Dumping duty on methylene sought
New Delhi: The designated authority set up in the commerce ministry to probe dumping cases has, in its preliminary findings, recommended imposition of provisional anti-dumping duty on imports of methylene chloride from the European Union, South Africa and Singapore on grounds of injury to the domestic industry.
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Textiles ministry favours doing away with EPCG
New Delhi: Even as exporters are pressing for continuation of export incentives in the next budget, textiles ministry has asked the revenue department to consider doing away with an export incentive scheme -- EPCG -- in lieu of reducing customs duty on capital goods to five per cent.
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Cross-subsidy issue to dog Bengal power sector in the new year
New Delhi: West Bengal’s power sector is heading towards a tough year, say experts, as the Supreme Court has opened up the issue of cross-subsidies and consumers are staring at peak-time shortages.
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CII seeks cut in corporate tax to 30 per cent
New Delhi: The Confederation of Indian Industry (CII) in its pre-budget memorandum to the government has recommended abolition of minimum alternate tax and 5 per cent surcharge on personal and corporate tax, while pushing for an eight per cent gross domestic product growth.
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