Infrastructure
The entire highways project that costs more than Rs 50 crore will now be taken under the engineering procurement and the construction (EPC) mode with some slew of steps that are being taken to get a fresh capital in the road sector of the government said on Thursday. The highway project will be completed in [...] Continue Reading »
Gujarat government has been in newsflash for its several ambitious projects. The idea to connect each village of the state with a road network is one of such aspiring schemes. The government has decided to indulge non-government organisations for funding of these schemes/projects. Nitin Patel, Gujarat State Road and Building Minister announced the agenda during [...] Continue Reading »
A project for upgrading two roads in North Bengal, which will connect Bangladesh, Nepal and Bhutan, has been approved by the state Cabinet. The total estimated cost for this project will be INR 1377.55 crore and Asian Development Bank (ADB) will fund the entire cost. North Bengal Development minister Gautam Deb informed about the same. [...] Continue Reading »
BharatiyaJanata Party-led NDA government has always considered infrastructure development in its top priorities. This ruling party came in power in April-May general election on the promise of stimulating slumped economic growth. However statistics don’t always tell the detailed story, they rather provide detailed outline of the story. As per the statistics from Centre for Monitoring [...] Continue Reading »
The global rating agency Moody in its report mentioned that the Reserve Bank of India (RBI) new regulations which were issued last week which allowed the banks to issue long-term local currency bonds are considered as ‘credit positive’. Moody’s vice-president SrikanthVadlamani and associate analyst Nick Caes giving further insight on this development mentioned that these [...] Continue Reading »
A new penalty-related rule is being implemented by the National Highways Authority of India (NHAI) for the toll plazas it administers. Under the rule, a penalty of Rs 10 lakh may be imposed by the NHAI on toll collection contractors on National Highways, if they fail to provide the requisite change of Rs 5 to [...] Continue Reading »
In order to catch up with the scheduled time of the delayed Metro rail project, the revenue authorities have made a decision to expedite the land acquisition process along the stretch of Aluva Vyttila. The officials of Kochi Metro Rail Ltd stated that they are expecting to complete the process of work by the end [...] Continue Reading »
Indian companies, especially those engaged in infrastructure development of the country, have been busy reducing their debt burden. Many companies have sold off their assets to clear off debts as this has helped them in cleaning up their balance sheets. This has resulted in the improvement of the debt-equity ratios of the companies. The banks have [...] Continue Reading »
The Mumbai Transformation Support Unit or MTSU which is a state government think thank recommended for a fresh design to ease the traffic at the Haji Ali Junction and also on Peddar road which is an aerial north south connector. The aerial connector will be able to cut down the rise in traffic problems in [...] Continue Reading »
The move that could help in boosting the development in Maharashtra to help in conversion of agricultural lands in cities and townships into no agriculture land has been simplified in a state cabinet meeting. In the present provision the owners of the land will not need to take collect permission previously to convert their land [...] Continue Reading »
