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Gifts & threats: How IL&FS 'managed' to get good credit ratings

A report shows that IL&FS management provided gifts or changed the rating agencies to get favourable ratings.
The Economic Times



Yogi govt to build ganga E-way 10 km away from riverbanks

In 2007, the Mayawati government had planned a 1,047-km long Ganga Expressway from Greater Noida to Ballia.

UP is on an expressway-building spree. The likely cost: about Rs 1 lakh crore

By the time Yogi’s term ends in 2022, UP could be covered by a ...

Uttar Pradesh cabinet clears decks for world's longest highway

The Uttar Pradesh cabinet met at Prayagraj, the venue of the Kumbh, on Tuesday...

ET Prime Distribution
  • The chief minister, who presided over the meeting, told reporters that the Cabinet gave its approval for the construction of the 600 km expressway, which will be the longest expressway in the world.

    Jaypee Group has reportedly pulled out of the 1,047km-long Ganga Expressway project after withdrawing the Rs 1,000 crore bank guarantee.

    Cash-strapped Delhi Government has been asked to pay Rs 100 crore by Uttar Pradesh to make the Upper Ganga expressway elevated on a stretch near Bhagirathi through which major pipelines supplying water to the national capital pass.

    The BJP in Uttar Pradesh on Tuesday, threatened to hit the streets if the Mayawati government in the state pushed ahead with the controversial Ganga Expressway in its present form.

    The Uttar Pradesh government is slated to finalise the names of private sector players who will develop the Rs 30,000-crore road and allied infrastructure project -- The Ganga Expressway.

    Reliance Energy and realty player DLF are among the 18 companies that have submitted initial bids for constructing the Rs 30,000 crore expressway which will connect Greater Noida to Ballia in Uttar Pradesh.

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