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Mumbai harbour dredging plan cost up 154%

DNMUM380128 | 12/26/2016 | Author : Ateeq Shaikh | WC :896


Mumbai: In a decade, the cost for deepening and widening of Mumbai’s harbour and port channels has shot up by 154% from Rs 800 crore to Rs 2,029 crore, and by the time the project is completed, there may be more price revisions.
The plan to deepen and widen Mumbai harbour channel and port channel (Phase II) for the benefit of Jawaharlal Nehru Port Trust (JNPT) and Mumbai Port Trust (MbPT) has now reached for a green nod and may take some more time before the work commences.
The estimated project cost was pegged at Rs 800 crore and revised to Rs 1,055 crore. Half a decade ago, the cost was estimated at Rs 1,571.60 crore, but now it has shot up to Rs 2,029 crore. There are also plans for developing an Emergency Anchorage, but
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GST rate for most items capped at 18%
DNMUM388984 | 5/19/2017 12:00:00 AM | Author : Ishfaq Ul Hassan | WC :593

Srinagar: Goods and Services Tax (GST) Council has fixed tax rates for 1,211 items, of which 81% will attract 18% tax.
The GST Council fixed the tax rates ranging from 5% to 28% — with 12% and 18% being the standard rates.
It will discuss tax
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End of road for General Motors in India
DNMUM388983 | 5/19/2017 12:00:00 AM | Author : Shahkar Abidi | WC :501

Mumbai: Around 100 years after first entering India, the US-headquartered General Motors (GM) on Thursday announced exiting the country’s domestic car market.
Though the Mary Barra-led company will stop sales of Chevrolet vehicles in India by end
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GM decision won’t put Motown out of fast lane
DNMUM388982 | 5/19/2017 12:00:00 AM | Author : Shahkar Abidi | WC :290

General Motor Comapny’s (GM) decision to exit from India is unlikely to impact the industry due to the insignificant volume of vehicles the company manufactured in the country.
The company holds mere 0.32% market share.
Abdul Majeed, partner -
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Epicentre of technology disruption moves East
DNMUM388981 | 5/19/2017 12:00:00 AM | Author : Pranjal Sharma | WC :639

Disruption is among the most used words in the world currently. Perhaps the most misused too. There was a time when everyone wanted to be a creator - of wealth, value and even wellbeing. The foundations of global conglomerates in industries like auto
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