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New Delhi: Domestic passenger vehicle sales rose by 16% in March, elevating annual volumes to a record 4.7 million vehicles in the just-ended fiscal year, largely fuelled by enhanced affordability after tax cuts last September and introduction of several new models. Sales of cars, sedans, and utility vehicles rose 8.3% to 4.7 million units in FY26, from 4.34 million units the year before. The Centre cut the goods and services tax (GST) on passenger vehicles with effect from September 22. Compan ...Read More >
The Greater Bengaluru Integrated Township (GBIT) project has become a new battleground for Vokkaliga leaders H.D. Kumaraswamy and D.K. Shivakumar, highlighting concerns about fertile land, compensation, and political motives The proposed Greater Bengaluru Integrated Township (GBIT) project near Bidadi, approximately 30km from Bengaluru, has met with resistance from the Janata Dal (Secular) party, which launched a protest at Bidadi demanding that the government stop the acquisition of farmland a ...Read More >
A three-year safeguard duty on steel imports, initiated by DGTR due to increased imports and declining domestic profits, faces strong opposition. GTRI's report suggests this duty could negatively impact auto, engineering, and construction sectors by raising input costs. Stakeholders argue that the duty will harm export competitiveness and create sourcing challenges, despite domestic steelmakers' profitability. The three-year safeguard duty on steel imports by Directorate General of Trade Remedi ...Read More >
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