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Policy▲ Bullish for Indian equities
Indian copper producers urge government to cut indirect tax to 5% from 18%
The brief
- Copper producers are urging a GST cut on copper products from 18% to 5%
- They cited ₹490 billion in locked working capital
- A GST cut could ease working-capital pressure for Indian copper producers
- AC prices set to rise 5-8% from Oct 1, hikes also loom for LED TV, washing machine, refrigerator
- Vedanta urges Odisha govt to accelerate ₹1 trillion investment proposals
- Indian recyclers warn EU metal waste ban could raise costs, hit MSMEs