Economy News 18 July 2016

Ladakh solar energy project not rising

The mega-size solar energy projects planned at Ladakh, Leh and Kargil might be

aborted, due to lack of takers from beneficiary states and no grid infrastructure to handle

this capacity.

Congress indicates softening on GST

There’s a perceptible change in the Congress party’s position, hitherto opposed, on the

proposed national goods and services tax (GST) Bill.

On Sunday, Ghulam Nabi Azad, its leader in the Rajya Sabha, said the party was ready

to support any legislation in the interests of “the people, business and India”. “We are

not for preventing any Bill from being passed,” he said after an all-party meeting on the

issue

Not averse to private participation but we will not wait for it: T M Thomas

Isaac

T M Thomas Isaac, finance minister of Kerala, has presented a Budget that has been

lauded by many. In an interview with T E Narasimhan, Isaac explains the government’s

plans for creating new opportunities as its traditional revenue streams are under threat.

Edited Excerpts.

India Inc upbeat on economy, higher profits

India Inc is more confident in the first quarter of the current financial year about the

macroeconomy and their own companies than any of the previous six quarters, shows a

survey by the Confederation of Indian Industry (CII).

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