India to increase road toll charges from Monday

India to increase road toll charges from Monday

India will hike road toll charges across the country by 3-5% from Monday, officials said, after putting the annual increase on hold in April due to the country’s general elections. Toll charges in India are revised annually in line with inflation and highway operators put notices in local newspapers announcing hikes of 3% to 5% … Read more

Modi govt plans budget incentives for low-cost housing ahead of elections: sources

Modi govt plans budget incentives for low-cost housing ahead of elections: sources

India plans to announce an extension to Prime Minister Narendra Modi’s flagship federal housing scheme in next month’s budget and an increase in available subsidies for low-cost housing loans, three sources said, ahead of elections this year. Finance Minister Nirmala Sitharaman, who will present an interim budget on Feb. 1, is likely to raise allocations … Read more