Economy

NAREDCO President urges govt to cap GST on building materials at 18%

NAREDCO President G Hari Babu requests the government to reduce GST rates on building materials to 18 percent. He also asks for Input Tax Credit on commercial assets. Delhi CM Rekha Gupta assures industry members of infrastructure revamp in two years. She invites PPP models for development. NAREDCO Delhi focuses on sustainable real estate growth.

Indian shrimp exporters brace for unprecedented challenge in US; volumes to drop 7-9%

Indian shrimp exporters are bracing for a tough time in the US market. This is due to new tariffs. These tariffs add to existing duties. Crisil Ratings anticipates a potential drop in export volume. Operating margins may also decline. Exporters are exploring alternative markets. The government supports the sector through schemes like PMMSY.