Explainer: All you need to know about the GST on EVs
During the 55th GST Council meeting press conference on Saturday, the panel approved an increase in the GST rate on used EVs sold by businesses to 18 per cent from 12 per cent earlier.
Finance Minister Nirmala Sitharaman on Thursday asked the National Investment and Infrastructure Fund (NIIF) to leverage India’s attractive investment fundamentals to expand its operations.
Presiding over the 5th meeting of NIIF’s governing council, she encouraged the team to continue discussions with investors from countries that are keen to invest in India.
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The Finance Minister exhorted the NIIF team to also explore opportunities under the National Infrastructure Pipeline, PM GatiShakti, and National Infrastructure Corridor, which include a big pool of investible greenfield and brownfield investment projects.
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She also asked NIIF to try and crowd in commercial capital into those opportunities.
The governing council also guided NIIF to undertake advisory activities proactively to support Central and state governments to create a pipeline of investible PPP projects.
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