Page-36 of infrastructure Current Affairs, GK & News

Karnataka HC upholds withdrawing of tax exemptions for SEZs

The Karnataka High Court has upheld the amendments made to the Income Tax Act in 2011 withdrawing exemptions given to the business and service units as well as developers of Special Economic Zones (SEZs) from payment of certain income taxes. What is the case? A petition was filed by companies including Biocon Ltd., Mindtree Ltd., ..

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DMRC to build monorail in Kozhikode and Thiruananthapuram

The Cabinet has given its nod for the signing the general consultancy agreement with Delhi Metro Rail Corporation (DMRC) for the Rs. 5,581-crore elevated mass rapid transit system in Thiruvananthapuram and Kozhikode. After the signing of this pact, the DMRC will be responsible for the design, preparation of the bid document, short-listing, and selection of ..

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Project Monitoring Group to be set up to expedite infra projects

Prime Minister Manmohan Singh has directed for the creation of a Project Monitoring Group who will monitor the implementation and fast tracking of all the 215 infrastructure projects of Rs. 7 lakh crore funded by banks. The Group will be set up under the Cabinet Secretariat which will proactively pursue all large projects to ensure their ..

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Panel recommends new law for regulation and promotion of rental housing

A government-appointed committee chaired by Jaithirth Rao, chairman, Value & Budget Housing Corporation, has recommended a new law for regulating rental housing and suggested that tax benefits be given to encourage developers to build rental housing projects. The panel is yet to submit its report. Key suggestions made by the panel: Setting up of fast ..

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