Infrastructure
Emergence of new players in the Indian civil aviation sector, like AirAsia India and Tata-Singapore International Airlines has shown signs of growth in the sector after long period of troubles. However the domestic passenger traffic that has been encountered in Indian airports has grown only by 5.2 percent in 2013-14. The growth though minimal is [...] Continue Reading »
As per the Economic Survey report, fresh investments have slowed down in SEZs in the recent years. The report has urged the government to give clear signal to revive the special economic zones (SEZ). The SEZs were major export and manufacturing hubs, and every company wanted to open their units in SEZs. However in the recent [...] Continue Reading »
Many reasons have led to cost overrun of 21 % for around 239 projects up till February 2014 in coal, power, petroleum and steel sector. The turbulence in the infrastructure sector led by delays in regulatory approvals, problems in land acquisition & rehabilitation, and environmental clearances seem to the major factors leading to this cost [...] Continue Reading »
The National Democratic Alliance (NDA) government is trying to restructure the infrastructure investment so that the failure of contracting parties in meeting their contractual obligations can be prevented. Lower-than-expected demand for services and a sharp rise in input costs were cited as the main reasons behind the inability of contracting parties to meet their obligations under [...] Continue Reading »
It seems that the safety of the buildings is overlooked in the process before handing over the completion certificate or for the old buildings which are in need of maintenance. Two buildings collapsed – one in Delhi’s Inderlok area and the other near Chennai – taking a toll of over 60 lives last week. Poor [...] Continue Reading »
It is a very good news for the job seekers as nearly 1,800 new companies were set up in India in May. Most of them were set up in Uttar Pradesh and kudos to the ministry led by Akhilesh Yadav for this positive move. However the figure is way lower than 10,546 new companies that [...] Continue Reading »
In Gurgaon, infrastructure projects worth Rs 24 crore were cleared by the MCG’s Finance Committee – headed by Mayor Vimal Yadav – on Monday. In addition to giving clearance to infrastructure projects, the committee also gave the green signal to the process of inviting tenders for the projects costing Rs 5 crore. The committee also [...] Continue Reading »
The Odisha government’s Information and Technology (IT) department has requested the Centre to grant the State six new STPI (Software Technology Parks of India) units. The State currently has four STPI centres which are located at Bhubaneswar, Berhampur, Rourkela and Balasore. The six locations which the Odisha Government has suggested for the new STPI units [...] Continue Reading »
Finance minister Arun Jaitley and his UK counterpart George Osborne on Tuesday agreed on a Pound one billion line of credit for infrastructure project developers in India. This line of credit will be available to those developers who are keen to avail credit for importing inputs from UK at competitive rates. A joint India-UK statement [...] Continue Reading »
In an evident gearing-up attempt to fund the massive infrastructure plans of the new government, India Infrastructure Finance Company (IIFCL) is assessing the option of overseas bond issuance. According to the information shared by IIFCL Chairman and Managing Director SB Nayar, the IIFCL has a credit line of $5 billion from the Reserve Bank of India [...] Continue Reading »
