urban infrastructure projects
The Tamil Nadu Government has sought Centre’s support in implementing a host of urban infrastructure projects. These projects will be totalling several thousand crore rupees. Among the projects are two sea water desalination projects, establishment of 12 smart cities, clearance of the extension of the metro rail in North Chennai and a range of urban [...] 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 »
The government of Andhra Pradesh is going to sell its equity share in some marquee urban infrastructure projects in Hyderabad, likely boosting up a row because the state is in the process of being divided to from Telangana. The stake sale could collect hundred of cores of rupees but it can also lead to controversy, [...] Continue Reading »
New Delhi- Housing and Urban Development Corporation Ltd (HUDCO) has planned to raise around Rs 5,000 crore. In this regard, the corporation will launch a public issue of tax-free bonds next month. The fund raised will be used for funding low-cost housing and urban infrastructure projects. Investments up to Rs 10 lakh falls under retail [...] Continue Reading »
New Delhi- The CAG’s performance audit of JNNURM was tabled covering the mission period of 2005-2011 on Thursday. A report based on the assessments which were conducted between April to November 2011 through test-check of records of ministries such as urban development, housing and urban poverty alleviation followed by various agencies of 25 states and five union territories was [...] Continue Reading »
