Infrastructure projects
The ‘Infrastructure 100: World Class Markets Report’included Delhi Metro amongst its prestigious list of projects that have been deemed to qualify world class standards of innovation. Apart from the Delhi Metro, the Yamuna Expressway was also amongst the list of 100 most innovative infrastructures in the world which is a prestigious nomination for the projects. [...] Continue Reading »
The Government is all set to roll out Rs 2 lakh crore worth of infrastructure projects this year. “We have cleared bottlenecks. It is easy to construct express highways but difficult to get environment clearance. However, we are removing hurdles. Road Transport and Highways Minister Nitin Gadari addressing the annual convention of Society of Indian [...] Continue Reading »
For highways projects in India’s border states, a model green checklist is being reviewed by the Environment Ministry. The move is being undertaken with the aim of expediting the environmental clearance process for infrastructure projects in the border areas of the country. A statutory expert appraisal committee reviewing border infrastructure projects has prepared a checklist [...] Continue Reading »
The economy seems to be taking an upturn by looking at the number of activities in the corporate world. L&T (Larsen and Toubro) declared that it has acquired 50 % stake in L&T-Ramboll Consulting Engineers Ltd (LTR) held by Ramboll Denmark. With this acquisition, LTR now becomes a wholly owned subsidiary of L&T. L &T said [...] Continue Reading »
The draft of the new bill on land acquisition was released by Rajasthan on Monday. The draft retains a few aspects of the previous Congress-government version and has eased up and scrapped several key components. The new bill has done away with the clause to seek consent from the landowners for infrastructure projects undertaken by [...] Continue Reading »
Rajasthan is trying to amend its labour laws. They want to grant factories the right to close without the state permission if they employ fewer than 300 persons. This amendment is awaiting the President’s approval and Rajasthan feels that this will reduce the hassles for the small businessmen to an extent. Under Article 254(2), if [...] Continue Reading »
There is some good news for the Infrastructure projects. The sector was reeling under the slowdown and the banks had declared many loans to such projects as bad debts. Infrastructure companies may take advantage of a small window of opportunity offered by the Reserve Bank of India (RBI) to refinance at least Rs 30,000 crore [...] Continue Reading »
UPA government came up with a new land bill and it was accepted by all the parties in the legislation. However after it was implemented, the states started complaining that they are unable to acquire land for the infrastructure projects. States have suggested 19 amendments to the land law. However if all of them are [...] Continue Reading »
The public sector lender Bank of Maharashtra on Monday stated that it has been planning to start the infrastructure bonds in the upcoming six months in order to raise funds. The Reserve Bank of India (RBI) has recently omitted long term bonds from the mandatory regulatory norms like the Cash Reserve Ratio or CRR, the [...] Continue Reading »
Anil Swarup the Head of the Government’s Project Monitoring Group (PMG) came out with a data which is not very favourable for India Inc. He mentioned that about 230 major projects involving over Rs 5 lakh crore of investments are pending at various stages. From June last year, over 150 projects have been cleared on [...] Continue Reading »
