Page 25 - Demo

255 City Economic Regions (CERs) %u2014Targeting Tier 2, Tier 3 & Temple CitiesTax exemption on BioCBG blended CNGDevelopment of City Economic Regions (CERs) focused on Tier 2, Tier 3 cities and prominent temple towns, to decentralise growth away from the big metros%u20b95,000 crore per CER in a challenge mode will be allocated over five years under a reform-cum-result linked financing mechanism to strengthen core urban infrastructure, improve civic services, and unlock regional economic potentialFocus on making these urban centres self-sustaining growth hubs, enhancing connectivity, tourism, jobs and private investmentSeven high-speed rail corridors were also announced to act as %u201cgrowth connectors%u201d between citiesEntire value of biogas will be excluded while calculating the central excise duty payable on biogas/CBG blended CNGSignificant tax exemptions for CBG to promote its use, including a 5% GST rate on CBG and related equipmentIt will encourage oil and gas companies to increase BioCBG blending