Explore Business Standard
Associate Sponsors
Co-sponsor
Prime Minister Narendra Modi will on Saturday unveil a range of projects in Assam, including a bridge over the Brahmaputra River and a data centre for the northeastern region. Modi reached the state on a day-long visit to inaugurate an emergency landing facility (ELF) at Moran and launch projects worth over Rs 5,500 crore. The projects aim to boost connectivity, strengthen digital infrastructure, promote higher education and enhance public transport, officials said. The PM will inaugurate Kumar Bhaskar Varma Setu across the Brahmaputra in Guwahati, built at a cost of around Rs 3,030 crore. The six-lane extradosed Prestressed Concrete (PSC) bridge will connect Guwahati with North Guwahati and is the first extradosed bridge in the Northeast. It will cut travel time between Guwahati and North Guwahati to just seven minutes. Presently, only the Saraighat Bridge in Jalukbari area connects the two banks of the Brahmaputra in the capital region, with the travel time taking around 30 ...
Domestic data centre companies are likely to benefit significantly from the Budget proposal offering a tax holiday of 20 years, as it will enable them to provide services to global clients without the risk of their foreign earnings being taxed in India, sources said. The Budget proposal, which offers a tax holiday of 20 years up to 2047 to any foreign company that procures data centre services in India, allays fears of their global income being taxed by Indian authorities. Irrespective of whether a global company sets up its own data centre in India or procures services from an Indian data centre, the tax treatment will be the same, thereby ensuring complete level playing field, they said. The effective corporate tax rate in India is 25.17 per cent. Some of the major domestic data centres in India are Nxtra Data (Airtel subsidiary), CtrlS Datacenters, Yotta Infrastructure, and AdaniConneX. Corporate tax will be levied on profits made by domestic data centres on income earned from .