Infrastructure
The rules of the new Land Acquisition Act will not apply on the large-scale projects, such as industrial corridors and national highways. This solution was proposed by the Commerce and Industry Ministry to avoid delays in these projects. Provisions such as mandatory consent of project-affected people for land acquisition should not apply to infrastructure projects. [...] Continue Reading »
The new government of Narendra Modi would stretch and increase the support of the administration to all the professional committees on the matter of environment. This make sure that sanctioning usually doesn’t take up so much time once the due diligence is done. This vital piece of information was given away by the environment minister [...] Continue Reading »
The slum capital of Maharashtra, Mumbai has many illegal structures. Not just the slums; even formal housing is plagued by illegality. Many of these residential buildings are built with major deviations from the building code. Several estimates claim that almost one-third of the buildings in Mumbai don’t possess an occupation certificate. In cases of illegality, [...] Continue Reading »
Many infrastructure projects in Tamil Nadu have been pending from a long time. Time has come for this to change, thanks to the formation of a new government at the centre. But it’s not just the central government that’s keen on pushing for infrastructure development in TN. Even the state government is motivated to execute [...] Continue Reading »
It has been 18 months since the GMR Infrastructures Limited had been terminated by the government of Maldives. Recently, it has come to our notice that a concession agreement which would be used to run the island was ruled in favour of the infrastructure development. This Thursday, it was announced by the GMR a couple [...] Continue Reading »
The Modi government wants to provide all the facilities to the infrastructure sector and they have allowed the infrastructure finance companies to issue secured debentures with a tenure of up to 30 years. This move is expected to help in raising long-term funds for the sector. Besides, infrastructure debt fund non-banking financial companies (ID-NBFCs) have [...] Continue Reading »
In the 1990s Narasimha Rao led government with the help of the then Finance Minister Manmohan Singh had come up with the liberalisation of the Indian economy, and allowed foreign companies and the competition to come to India. In the initial years there was a lot of opposition by the local companies, however slowly the [...] Continue Reading »
A roundtable conference was organized on Tuesday by the Kochi Metro Rail Limited. This meeting focused on the initiatives of property development initiatives. Not just that, views of almost 40 companies was taken into consideration. All these companies belonged to the realty, hospitality and sector of infrastructure. The Kochi Metro Rail Limited has also spotted [...] Continue Reading »
With poor infrastructure being the cause of most of the electricity-related problems in Gurgaon, Haryana Urban Development Authority (HUDA) has revealed in a recent announcement that it has earmarked a substantial amount for power infrastructure in the new Gurgaon sectors. HUDA said in a June 17 announcement that an amount of Rs 2,688 crore has [...] Continue Reading »
The government of Maharashtra has shown interest in starting off with the third phase of Metro. The experts and the advisers on the other hand have a feeling that the metro line does have a couple of flaws. Because of this, they have gone ahead and protested against the current norms in constructing the underground [...] Continue Reading »
