Govt to give ₹1.5k cr interest-free loan to DMRC
The Delhi Government has decided to aid the DMRC with a ₹1,546 crore interest-free loan to speed up the development process of the metro rail. Currently, the DMRC has to pay VAT on all its purchases, which, however, is later reimbursed. Notably, the DMRC is on to Phase IV of its metro expansion project, expected to be completed by 2021.