infrastructure sectors
Upcoming budget plans reveal that the Centre is likely to maintain similar amounts of allocation for infrastructure sectors such as roads and highways with minor cuts in spending if necessary. The newly formed government in May 2014 plans to keep expenditure allocations same for the coming fiscal year. A top source at the Infrastructure Ministry [...] Continue Reading »
In a recently-issued statement, RV Verma – the officiating Chairman of pension regulator PFRDA – said that requisite steps will soon be taken by PFRDA to increase the flow of funds into the infrastructure sector. According to the details shared by Verma, PFRDA – Pension Fund Regulatory and Development Authority – is presently working on [...] Continue Reading »
Among several infrastructure sectors – from road, to railway and power, there is a growing screech against the provisions of a new land acquisition law fearing a three-fold jump in acquisition cost due to the new legislation. The road transport and highways ministry has asked government to increase budgetary allocation for land acquisition, whereas the [...] Continue Reading »
Finance Minister, Mr. P. Chidambaram in his budget speech on Monday said that there had been a whopping over seven-fold increase at 3.89 lakh kilometers in the road network in the country during the UPA-I and UPA-II regime. He said, “In the year 2004, the country’s highway network was 51,511 km which has now reached [...] Continue Reading »
Delhi-NCR: Currently, the population of Delhi and its suburban areas is nearly 21 million and by 2025, the number is expected to grow to 28.6 million, says the UN State of The World’s Cities report. However, this is a real bad news for the city which is already left with no space to bear more [...] Continue Reading »
The Rural Development Ministry sought to address the apprehensions of industries and infrastructure sectors surrounding the controversial land acquisition bill. The ministry highlighted that the requirement of consent of all for acquiring land has been diluted and a new provision will apply prospectively and not retrospectively. The Ministry has come out with a statement that [...] Continue Reading »
