Stir planned against rise in cement prices

  • | Tuesday | 10th July, 2018

Private building contractors in the district are planning protests against what they called “unfair rise” in cement prices. Cement companies, including the government-owned Malabar Cements, raised prices to pre-empt a cut, Mr. Baburaj alleged. The corresponding rise in prices of steel bars and restrictions imposed on quarrying have brought construction activities to a halt. It will bring down prices, and cement will have to be sold at ?290 to ?300 per bag. He claimed that the government had been planning to cut Goods and Services Tax rate on cement from 28% to 18%.

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