1.Railways to offer opportunities worth Rs 280 bn a year

New manufacturing opportunities for the industry: FICCI

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2.Revisit tendering system for construction work contracts: FICCI

Industry body FICCI has reportedly urged the government to revisit the tendering system for construction work contracts, claiming that the current least-cost selection method or L1 may not be the most appropriate and suitable method to award a contract.

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3.Saudi Arabia boosts India’s growth story

The two nations are strengthening ties with increased energy cooperation

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4.AT A GLANCE

LED Expo is set to enter its 21st edition, scheduled to be held from November 14-16, 2019, in Greater Noida; the record-breaking edition will feature 350 exhibitors with eight international contingents.

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5.GST rates cut on under-construction housing properties to 5%

GST for affordable housing projects cut down to 1%

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6. Wanted: Skilled Workers!

The Indian construction sector is the second highest contributor to the GDP after agriculture, yet, faces the challenge of a colossal skill gap. The formally skilled workforce in the country is only about 4 per cent, which is abysmal.

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7.Government of India to address GST issue on real estate sector

Manish Kumar Sinha, Joint Secretary (TRU-II), Department of Revenue, Ministry of Finance and Secretary-GoM (Group of Ministers), Real Estate under GST regime, Government of India has suggested that the construction

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8.Wanted: Skilled Workers!

Skill development in construction is not a CSR, it is a pressing need

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9.Gujarat encouraging SMEs and job creation in a big way: Chief Minister

Gujarat Chief Minister Vijaybhai Rupani has said that the state has been focussing in the Startups, SMEs and job creation in major way. He was addressing the audience at the FICCI National Executive Committee Meeting. “Gujaratis have excellent business acumen. And the contribution of the state in India’s economy has been exceptional.

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10.Continuous efforts being made to simplify GST system, says Finance Secretary Hasmukh Adhia

FICCI GST Survey: 76 per cent respondents say GST had a positive impact on their business.Finance Secretary Dr Hasmukh Adhia has reportedly said that continuous efforts are being made to simplify the GST system in the country.

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