PWD to implement project management system for road projects

GST Reforms Rationalise Coal Tax, Ease Costs for Power Sector

The 56th GST Council meeting in New Delhi has introduced major changes to coal taxation. Previously, coal attracted 5 per cent GST along with a compensation cess of Rs 400 per tonne. The Council has now recommended removing the GST compensation cess and increasing the GST rate on coal from 5 per cent to 18 per cent.These reforms reduce the overall tax burden on coal grades G6 to G17, ranging from Rs 13.40 per tonne to Rs 329.61 per tonne. For the power sector, the average reduction is Rs 260 per tonne, lowering the cost of generation by 17 to 18 paise per kWh.The changes also rationalise tax i..

India’s Coking Coal Imports to Hit 115MT by 2030

India’s coking coal imports are expected to rise nearly 42 per cent to 115 million tonnes (MT) by 2030, as the nation targets 300 MT of steel production capacity, according to the latest report by EY Parthenon in association with the Indian Steel Association (ISA).Titled India’s Coking Coal Strategy: Building Resilience through Innovation, Sustainability and Policy, the report highlighted that steel demand from infrastructure, construction and automotive sectors will drive coking coal needs, which account for 95 per cent of total consumption. Currently, imports stand at 81 MT in FY25, whil..

NBCC Signs MoU for Rs 37 Billion Project Near Jaipur Airport

State-owned NBCC (India) Ltd announced on Thursday that it has signed a Memorandum of Understanding (MoU) with Rajasthan State Industrial Development and Investment Corporation (RIICO) for infrastructure projects worth around Rs 37 billion near Jaipur International Airport.The collaboration covers the development of the Rajasthan Mandapam Convention Centre, Unity Mall, and allied commercial and cultural infrastructure on a 95-acre site along Tonk Road. The initiative aims to position Jaipur as a premier destination for global conventions and retail activity, combining world-class design with t..