Now, levy on property to fund expressway

The government is looking to tap into real estate demand to fund a new expressway project amid a slowdown in highway construction. It is exploring the possibility of financing the Rs 12,000 crore greenfield Delhi-Jaipur expressway project through a 2% surcharge on commercial and residential properties that come up along the 260-km project. The surcharge…

India’s long-term growth potential is 8-9%: Montek

Notwithstanding global credit rating agency S&P’s lowering the country’s outlook to ‘negative’, the country remains bullish and its long-term economic growth potential is 8-9%, deputy chairman of planning commission Montek Singh Ahluwalia has said. “My view of India is that it is bullish. India’s long-term growth potential is 8 to 9%. In order to achieve…