Realty News
For the Budget of the newly-formed National Democratic Alliance government, the Civil Aviation Ministry has submitted a number of proposals such as tax-free bonds for constructing low-cost airports in small towns, inclusion of aviation turbine fuel (ATF) in declared goods, and an infusion of Rs 1,600 crore as additional fund to Air India. Along with [...] Continue Reading »
The Department of Industrial Policy and Promotion (DIPP) has urged the Finance Ministry to increase the budget outlay for the prestigious Delhi-Mumbai Industrial Corridor (DMIC) by 11 times – to Rs. 7,478 crore – in FY15. The manifold increase proposed by the DIPP for the FY15 budget outlay for DMIC will give a substantial push [...] Continue Reading »
It appears to be quite likely that the feasibility of building elevated expressway link between Hyderabad and Ramagundam on the Rajiv Rahadari may be explored by the Telangana Government. The possibility of the Telangana Government exploring the feasibility of the mentioned elevated expressway link has surfaced after a recent review meeting of the Road and [...] Continue Reading »
With issues related to Reliance Infrastructure power and infrastructure businesses having led to a significant de-rating of the company’s stock in the recent past, the Street has, of late, again started showing confidence in the company’s projects. Reliance Infrastructure and other infrastructure firms had to bear the brunt of the previous government’s policies as well [...] Continue Reading »
The government has announced its decision to fund the Eastern Peripheral Expressway (EPE) project. The decision by the government is apparently rooted in the fact that, in the last six years, no private company has showed its willingness to build the EPE on toll mode. The funding of the EPE project by the government was discussed [...] Continue Reading »
In a move which will help revive a long-standing road project that will help strengthen the ties between India and Myanmar, the intention to resume talks on the proposal to commence a bus service between the two countries have recently been signalled by Myanmar. It has been revealed by a Ministry of Roads official – [...] Continue Reading »
On Wednesday, the promoters of central Kerala’s controversial KGS Aranmula International Airport said that they would submit an appeal in the Supreme Court against a National Green Tribunal (NGT) ruling. The NGT verdict which the Aranmula airport promoters will oppose is the ruling which has set aside the environment clearance which the promoters had received [...] Continue Reading »
With the construction of the Western Peripheral Express (WPE) having come to a standstill, a series of meetings have recently been conducted to resolve the issues which are hindering work on the WPE project, which has not got a new completion deadline — July 2016. Since the WPE project – which marks a peripheral expressway [...] Continue Reading »
The Delhi government is finally set to give its approval to the regional rapid transit system (RRTS) project which connects Delhi with Panipat, Alwar, and Meerut. The government’s green signal to the regional RRTS project will ensure a hassle-free and air-conditioned ride to commuters travelling to NCR towns in the near future. On Wednesday, Delhi [...] Continue Reading »
In a highly noteworthy move which will pave the way for major structural changes in the Ministry of Environment and Forest (MoEF)’s mechanism for ‘green clearances,’ the Ministry has revealed that it is starting an online clearance system. According to a memorandum released by the MoEF, the online ‘green clearances’ mechanism will go online with [...] Continue Reading »
