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Extends fiscal deficit reduction roadmap by one year to 2017-18 Raises services tax, to implement GST by April 2016 and cut corporation tax from 2016-17 to 25% by 2020 The Government has presented......

Tata Motors to strengthen small truck portfolio

In May 2005, Tata Motors had launched the Ace, a small truck of 0.75 tonne. The company had studied the market for three-wheeler goods carriers for a while and had concluded that small transporters......

World Bank, ADB loans for rural roads

The World Bank and the Asian Development Bank have agreed to provide about $800 million (approximately Rs 3,500 crore) for the development of rural roads. Of this, the World Bank will give $300......