Relief for UP builders, home buyers; no penal interest if litigation stalls projects
The builders will be exempted from shelling out the penal interest and other dues if the housing project is stalled due to litigation, National Green Tribunal directions or a delayed deed execution.
Centre examining Bengaluru suburban rail project
Responding during the Question Hour, Angadi said the project has been pending due to non-coo...
Investors, bankers to suffer if Maharashtra infra projects get stalled: Deven R Choksey
The entire pitch of the central government asking man...
Window for stalled housing projects to open in two months: Economic Affairs Secretary
"We hope to welcome the new year with the first disbursal of the Special window for stalled housing projects which will be operational in 2 months," Economic Affairs Secretary Atanu Chakraborty said on Friday.
SBICAP Ventures achieves first closure of govt’s last-mile fund for stuck projects
Special Window for Affordable and Mid-Income Housing Fund (SWAMIH) Investment Fund.
Noida standing committee to assess projects applying for zero-period waiver
On Tuesday, UP government had approved the zero-period policy under which builders will be excused from paying interest on outstanding land dues for the years when litigation stopped construction work.
To check dust due to continuous construction work, Noida gets road project deadline
Construction waste can be seen along several service lanes, most of which are not paved. Officials said that once the Noida Authority takes up the road project, pavements would be built and such waste would be removed. The pavements would then be grass-lined to absorb dust.
Nitin Gadkari rues hurdles being faced in road projects across country
Gadkari also asked all MPs to remain aware about road projects in their respective constituencies and help in resolving problems coming on the way of constructing roads and bridges.
RBI revises inflation projection upwards in view of rising food prices
Following the slide in economic growth to 4.5 per cent the last quarter — the worst numbers in more than six and half years — the RBI was expected to further cut policy rates, but ended up holding the repo rate at 5.15 per cent.
Stocks in the news: TCS, Bharti Airtel, SBI, Gayatri Projects, Ashok Leyland
Here are a few stocks which may buzz the most in today's trade.
Wind projects stall as NTPC fails to get tariff nod
Entities like NTPC, which conduct the auctions, are subsequently required to get sanctions from the states where the projects would be set up. In previous years, this was widely regarded as a formality with sanctions being automatically given. This time, however, NTPC was not able to secure tariff approval from state power regulatory commissions.
Modi government plans big on wind power; projects of 12,162.50 MW capacity awarded so far
To facilitate the growth of wind power production in the country, several fiscal and financial incentives such as Accelerated Depreciation and exemption of concessional customs duty for procuring certain components of wind electric generators are being provided by the government to private sector investors.
Maharashtra to consider shelving Bullet Train project
Maharashtra's Maha Vikas Aghadi government will ascertain if mega-projects like the Mumbai-Ahmedabad Bullet Train can be shelved in view of a staggering Rs 6.71 lakh crore debt burden on the state, Minister Jayant Patil said here on Tuesday.
Singapore’s Sembcorp to buyout balance stake in India JV for Rs 406 crore from Gayatri Projects
“The proposed acquisition will allow Sembcorp to have the flexibility as sole owner to evaluate and pursue a full range of growth opportunities in the renewables segment, while at the same time seeking the right equity window to list its India business or to pursue other capital recycling options,” the company said.
SC directs government to use stress fund for stuck Amrapali flats
The estimated cost for construction of all housing projects is Rs 8,500 crore and amount recoverable from homebuyers and buyers of commercial areas is Rs 3,700 crore, which is 43% of the cost. Banks have also been told to release funds to homebuyers.
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