Is the government doing enough to handle the COVID-19 crisis?

Bihar Slashes ATF VAT to 4% to Boost Aviation
In a major push to strengthen air connectivity and attract airline operations, the Bihar government has reduced the value-added tax (VAT) on aviation turbine fuel (ATF) from 29 per cent to 4 per cent. The announcement, made by Deputy Chief Minister Samrat Choudhary on 3 June, brings the state in line with others promoting aviation-led growth.The revised VAT rate, previously applicable only at Gaya Airport, will now extend to all operational airports in Bihar, including Patna. However, flights operating under the Regional Connectivity Scheme (RCS) will continue to enjoy a 1 per cent VAT rate.Ch..

VinFast's Rs 16 Billion EV Plant Not Eligible for Incentives
Vietnam-based electric vehicle (EV) maker VinFast’s Rs 160 billion (USD 2 billion) investment in Tamil Nadu will not qualify for benefits under India’s recently launched Scheme to Promote Manufacturing of Electric Passenger Cars, officials confirmed on Monday.The government clarified that to be eligible for incentives, investments must be capitalised only after formal approval under the scheme. Existing capital expenditures—such as VinFast’s ongoing work in Thoothukudi—do not meet the criteria, as the equipment and machinery must be put to use post-approval.“They have already capit..

NBCC Wins Rs 2.95 Billion Project at IIT Mandi
National Buildings Construction Corporation Ltd (NBCC) has secured a Rs 2.95 billion contract from the Indian Institute of Technology (IIT), Mandi for the development of multiple infrastructure facilities on its campus. The project is scheduled for completion within 30 months, the company said in a regulatory filing to the Bombay Stock Exchange (BSE).Under the scope of the contract, NBCC will construct academic buildings, a guest house, gymnasium, hospital, and an auditorium, significantly enhancing the institute’s academic and residential infrastructure.NBCC also clarified that its investor..