Amit Sarker (for Info only, not official)

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Amit Sarker

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    ...According to the government, total infrastructure spending is expected to be about 10% of GDP (gross domestic product) during the 12th Five-Year Plan (2012–17), up from 7.6% during the previous Plan. A total of 6,604km has been constructed out of the 15,000km target set for national highways in 2016-17, says the ministry of road transport and highways. The Airports Authority of India plans to develop city-side infrastructure at 13 regional airports, with help from private entities for building of hotels, car parks and other facilities. Significant allocations have been made to power, urban development and inland waterways sectors. The above initiatives show the firm commitment of the government to infrastructure. More From Livemint » Given this, the recent introduction of the goods and services tax (GST) could have significant impact in terms of spending on infrastructure. In the pre-GST era, there was dichotomy in the applicable indirect tax regime relevant to infrastructure. ...

    Live Mint on July 18, 2017, 2:57 a.m.