In a ruling that could spike the cost of setting up solar power plants, the Authority for Advance Ruling (AAR) for GST in Maharashtra said that engineering, procurement and construction (EPC) activities will be considered as ‘work contract’ and liable to be taxed at 18%.

The petitioner had argued that these should be considered as ‘composite supply’, which would attract a concessional GST of 5% for solar power generation stations.

Japanese electric vehicle company, Terra Motors, plans to expand its offerings in India. The company will launch its e-autos in early 2019, followed by electric two-wheelers in 2020. At present, the company assembles and sells its e-ricks, a three-wheeler with a seating capacity, including driver, exceeding four passengers. An e-auto is a three-wheeler with seating capacity, including driver, not exceeding four passengers.

Civil Aviation Minister Suresh Prabhu today said early operationalisation of 56 new airports under the regional connectivity scheme would be among his focus areas.

His remarks also come at a time when nearly half of the 128 routes awarded to various operators in the first phase of the scheme -- UDAN -- March 2017 are yet to be operational.

The CIC has directed the Air India to disclose complete records related to bills raised for the foreign visits of Prime Minister Narendra Modi, underlining that since the expenditure is from the public exchequer it cannot be withheld under the "cloak" of commercial confidence and fiduciary capacity.

The electric vehicles (EV) market in India is set to see the entry of a flurry of new players of foreign origin and home-grown start-ups in the two- and three-wheeler segments, even as the established Indian automobile firms such as Hero MotoCorp, Bajaj Auto and TVS Motor Company have chosen to adopt a calibrated and wait-and-watch approach before they jump onto the EV bandwagon.

Housing Finance Development Corporation (HDFC) is planning to put up to Rs 10 billion in a stressed asset fund for the realty segment.

Implementation from last year of the Real Estate (Regulation and Development) Act is expected to throw up a number of opportunities for the restructuring of real estate entities and to nurse stressed assets.

After losing out to Walmart in acquiring online marketplace Flipkart, Amazon’s Chief Executive Jeff Bezos is keen to show that he still means business in India and has charged up the company’s local e-commerce unit with fresh funds.

After losing out to Walmart in acquiring online marketplace Flipkart, Amazon’s Chief Executive Jeff Bezos is keen to show that he still means business in India and has charged up the company’s local e-commerce unit with fresh funds.

New Delhi, May 8 () Food regulator FSSAI has proposed that all packaged food items with 5 per cent or more genetically modified (GM) ingredients should declare the information through labelling.

It had last month issued a draft of Food Safety and Standards (Labelling and Display) Regulations, 2018 and sought comments from stakeholders. The final regulation is likely in the next two months.

After almost 20 years, the battle of small tallboy cars is going to intensify again as top two carmakers Maruti Suzuki and Hyundai Motor India plans to bring back new avatar of the Wagon R and Santro hatchbacks. Both Maruti Suzuki Wagon R and Hyundai Santro helped the brands increase their volumes significantly and also paved the way for other successful cars like Maruti Suzuki Swift, Maruti Suzuki Celerio, Hyundai i10, Hyundai Grand i10 and Hyundai i20.

At a time when tech giants are surreptitiously trying to appease users by showing more concern towards notching up the security and privacy laws amid the state of commotion over the extent of access to the private data, Amazon, on the other hand, may have other plans to further intrude into the data reserve of its users.

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