Infrastructure
There are new terms coined in the financial world like Abenomics and Modinomics. ‘Abenomics’ is widely used for economic policies and reform measures initiated by Japanese Prime Minister Shinzo Abe, while ‘Modinomics‘ refers to that of Indian Prime Minister Narendra Modi. Modi had recently said that partnership with Japan was of high priority for his [...] Continue Reading »
The recent development plan for the state capital of Gujarat was proposed by the Gandhinagar Urban Development Authority (Guda). It talks about special policies to attract builders for more housing in the city. Discounts in jantri rates; special areas earmarked for housing projects for lower income, middle, and higher income groups will be taken up [...] Continue Reading »
In Hyderabad, as many as 25 unauthorized structures have been demolished by the GHMC in the last two days. The demolished structures were among the 172 illegal structures which the GHMC has earlier identified in the city. According to the demolition-related details shared by the GHMC officials, 19 of the 25 structures demolished by the [...] Continue Reading »
Mumbai is one metro in India which does fairly good amount of rainwater harvesting and uses that water for commercial purposes. However the good news is that with Monsoon rains still scarce, the Municipal Corporation of Greater Mumbai (MCGM) has spared residents from further water cuts. The residents are rejoicing due to this move; however [...] Continue Reading »
During the course of a speech at a programme held in West Midnapore district, West Bengal Chief Minister Mamata Banerjee reiterated, yet again, that the government will not resort to forceful acquisition of land for industrialization. Asserting that the West Bengal government is “against forceful acquisition of land,” Banerjee said that land for industrial projects in West Midnapore district [...] Continue Reading »
The Union Government has asked the government of the newly-formed Telangana state to refrain from meddling with the design of the Hyderabad Metro Rail project. The Union Government’s advice to Telangana government comes against the backdrop of concerns raised by infrastructure firm L&T, which is executing the over Rs 16,000-crore project. In an announcement made [...] Continue Reading »
Rajasthan Chief Minister Vasundhara Raje said during her Budget speech in the House on Monday that the much-touted Jaipur Metro rail project was “financially unwise decision.” She also resented that her government will have to run the Metro. The remarks by Raje have come nearly a month ahead of the scheduled opening of the first [...] Continue Reading »
In a move which marks the first major allotment drive in the IMT Manesar area in the last nearly one decade, Haryana’s Industry authority HSIIDC has recently disclosed its plans to lease out new industrial and institutional plots in IMT Manesar during the ongoing financial quarter. The sites which will be allotted in IMT Manesar [...] Continue Reading »
Tamil Nadu Chief Minister J Jayalalithaa said in a Tuesday announcement that the government has plans underway to develop a new self-supporting residential township in Kadambur near Maraimalai Nagar in suburban Chennai. Kadambur is located at a distance of 50km from Chennai; and is in close proximity to Maraimalai Nagar which has emerged as a [...] Continue Reading »
Bigwig biscuit maker Britannia has sold 8.6 acres of land in Padi, for Rs 172 crore. The land, for the sale of which Britannia had floated closed tenders last year, has been purchased by Chennai-based Sugal and Damani Foundation. About the purchase of the property sold by Britannia, Sugal and Damini Foundation said: “It was through a competitive [...] Continue Reading »
