This is the broader positive factor that will help the banking system which is facing a very muted credit demand scenario. This is also likely to lead to increased competition in the affordable housing space where housing finance companies have observed strong growth momentum in the last couple years. One, customs duty on liquefied natural gas (LNG) dropped to 2.5% from 5% earlier. The consumption of the imported LNG is growing rapidly and currently constitutes nearly half of the total gas consumed in India. It recently expanded capacity of its Dahej terminal to 15 million tonnes per annum (mtpa) before the schedule from 10 mtpa.

Source: Economic Times February 01, 2017 10:12 UTC