Sovereign wealth funds look at infrastructure sector
Nirmala Sitharaman in her Budget speech had offered incentives for sovereign wealth funds of foreign governments in the priority sectors. The government said it will grant 100% tax exemption to their interest, dividend and capital gains income on investment made in infrastructure and other 36 notified sectors before March 2024 and with a minimum lock-in period of 3 years.
Banks identify Simplex Infrastructures as NPA, resolution plans underway
United Bank of India (UBI), the leader of a consortium of 28 lenders...
Govt commitment towards infrastructure investment is clearly laid out: FM Sitharaman
While addressing a press conference in Mumbai on Februar...
Maha budget gives big boost to infra with Rs 30,000-cr outlay
The first budget of the Maha Vikas Aghadi (MVA) government, presented in the assembly on Friday, seeks to provide a fillip to infrastructure development in the state by proposing an outlay of over Rs 30,000 crore.
FinMin pins hope on global pension funds to buy into India’s infra play
Global pension funds with $40 trillion of assets under management will now look at India’s infrastructure sector more favourably because of the elimination of dividend distribution tax (DDT), senior officials in the finance ministry said.
Creation of world-class infra at ports important for India to become $5 trillion economy: Venkaiah Naidu
Venkaiah Naidu called for developing all Indian ports on par with other global ports and said the creation of world-class infrastructure at ports was important for India to become a USD 5 trillion economy. He added that India has an excellent opportunity for port-led development as ports were inevitable for exports and imports.
Funds allocation for Bengaluru infrastructure touches 4-year low
At Rs 860 crore, funds released by the government to BBMP for special infrastructure projects so far this year are a little over 40% of the Rs 2,129 crore provided during 2016-17 by the then Siddaramaiah-led Congress government. Such projects include laying new roads, building flyovers and drains.
No dearth of money, plan to spend Rs five lakh crore on infrastructure: Gadkari
"In the last five years, I have awarded contracts worth Rs 17 lakh crore. This year, I'm planning to touch Rs five lakh crore mark in spending on infrastructure development," Gadkari said.
Over Rs 100 lakh cr to be spent in next 5 yrs on building modern infrastructure: President
In a bid to improve connectivity, the government will also focus on creation of new highways, waterways, airways and I-ways (IT infrastructure), the President said addressing the joint sitting of both houses of Parliament, on the first day of the Budget session
Budget 2020: Sitharaman unveils new infra road map to lend a cutting edge to flagship NIP scheme
The main focus of the infra sector is on the Rs 1.03 lakh crore National Infra Pipeline scheme.
View: Bridging the urban infra deficit
There are already immense deficits in quality and quantity of basic urban facilities, causing traffic congestions, inadequate solid waste management facilities, drinking water scarcity, pollution, etc.
Looking to get Zojila tunnel completed without cost escalation; project may undergo design changes: Nitin Gadkari
The strategic Zojila tunnel for all-year connectivity between Leh and Srinagar may undergo some design changes to prevent cost escalation as the government plans to complete the project at the earlier estimated cost of about Rs 6,800 crore, Union minister Nitin Gadkari said.
Tunnel works worth over Rs 1 lakh crore to be undertaken in next five years: Nitin Gadkari
Union minister Nitin Gadkari said, competent players, whether small or big, need to be given opportunity and there is a need to relax parameters including technical and financial qualifications for bidders.
Have reservations about cost escalation of Zojila Tunnel: Nitin Gadkari
The 14.2 km long tunnel which has been languishing for a few years now, has seen cost escalation to the tune of around Rs 1,600 crore after it was stranded by IL&FS Transportation Network, the road development arm of crisis-hit Infrastructure Leasing & Financial Services (IL&FS).
FASTag to be available free of charge for 15 days
The applicable security deposit and minimum balance amount for FASTag wallet shall, however, remain unchanged. NHAI had earlier announced for free NHAI FASTag from November 22 to December 15 last year. The government has rolled out the FASTag-based toll collection system across more than 527 national highways in the country.
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