At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).
Heavy monsoon rains have severely impacted Thane and Palghar, Mumbai's neighbouring districts, causing extensive waterlogging, tree and wall collapses, and prompting significant rescue efforts, including the tragic death of a six-year-old child.
The TVS Ntorq 150 brings stronger performance, modern features and lightweight agility to India's growing performance scooter segment, discovers Rajesh Alva.
Prime Minister Narendra Modi on Friday flagged off two specially designed Vande Bharat trains between Katra town and Srinagar city, reducing travel time between the two places by two to three hours and ensuring all-weather surface connectivity with the Kashmir valley.
NH-925 is India's first national highway to be used for emergency landing of IAF aircraft.
Himachal Pradesh experienced its second snowfall of the season, leading to the closure of 15 roads, including two national highways. A tourist from New Delhi died in an accident on an icy road in the Lahaul Spiti district, while three others sustained injuries.
The National Highways Authority of India will this year witness the highest ever growth out of the last decade. But Gadkari himself admits his biggest failure as India's roads minister has been his inability to curb loss of life in road accidents.
A list of lesser-travelled destinations in India that you must explore this year!
Schemes like the Mukhyamantri Majhi Ladki Bahin Yojana strain fiscal resources amid rising unemployment and prices of food items.
The push to develop Ayodhya as a tourism centre, accompanied by large-scale infrastructure projects, comes on the back of years of limited income growth and tourist inflows.
This is the full text of the address to the nation by President Droupadi Murmu on the eve of India's 78th Independence Day.
Infrastructure assets worth over Rs 1.62 lakh crore are expected to be monetised during the current fiscal, Parliament was informed on Monday. The government had last year announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) to unlock value in infrastructure assets across sectors, ranging from power to road and railways in four years till 2025. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said about Rs 97,000 crore worth of public assets were monetised in the last fiscal (2021-22).
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
According to an official statement, Union road transport and highways minister Nitin Gadkari said the 19 other places in the country include Phalodi-Jaisalmer road and Barmer-Jaisalmer road in Rajasthan, Kharagpur-Balasore road in West Bengal, Hashimara-Guwahati road in Assam, Bhuj-Naliya road in Gujarat, Leh/Nyoma area in Assam and on the Jorhat-Baraghat road, among others.
Pasta procured in Italy cooked up with lightly braised vegetables that can be mimicked in India.
India's incumbent two-wheeler players, led by TVS Motors, are flexing their muscles, having crossed the registration of 10,000 electric two-wheelers for the first time in November this year, according to data from Vahan, the website of the ministry of road transport and highways. The two key incumbent players, TVS Motors and Bajaj Auto, now account for around 15 per cent share of registrations in the month of November. The number will only go up with Hero MotoCorp now joining the bandwagon with its Vida range of electric scooters.
Amit Shah's net worth grew 32 per cent to Rs 37.91 crore, mainly due to 80 per cent appreciation in the market value of his securities.
The flood situation in the three districts of Barak Valley -- Cachar, Karimganj and Hailakandi -- remained critical as the water levels of Barak and Kushiara rivers continued to rise, inundating vast tracts of land, officials said.
"Extremely proud of our young cricketers. Congratulations to the Indian team for winning the ICC U19 World Cup. They have shown great fortitude through the tournament. Their stellar performance at the highest level shows that the future of Indian cricket is in safe and able hands," Modi tweeted on Sunday.
Sundar was on her way to to take part in the 'Yatra,' that has been banned by the Tamil Nadu government, when the truck hit the car near Melmaruvathur, about 97 km from here, damaging the vehicle.
Finance Minister Nirmala Sitharaman is scheduled to address the post-budget meeting of the RBI's central board on Monday and highlight key points of the Union Budget 2022-23, including the fiscal consolidation roadmap and high capex plan. It has been a custom that the finance minister addresses the RBI board, consisting of RBI Governor and existing four deputy governors, after the Budget. The meeting has been scheduled for February 14 where she would be addressing the board members and talk about announcements made in the Budget to perk up growth hit by three waves of COVID-19, sources said.
The Reserve Bank of India on Thursday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance against the backdrop of an elevated level of inflation.
The major beneficiaries have been the ministries of roads and highways, railways and power
Thirteen teams of the National Disaster Response Force and three of the State Disaster Response Force were deployed in vulnerable districts of the state, a disaster management department report said.
That's the only way to convince those who have money to return to the bank fold, ditching other asset classes, says Tamal Bandyopadhyay.
Our country needs massive investment in access of Rs 50 lakh crore in infrastructure to increase growth of GDP and integrate the nation with a network of roads, airports, railways, inland water and to provide good quality services to the people: FM
Delays in execution of mega infrastructure projects has seen a massive Rs 52,446 crore jump in their original cost estimates.
The Manali-Leh National Highway-3 was blocked after heavy rainfall triggered landslide in Himachal Pradesh's Kullu district on Friday.
The Reserve Bank's growth projection for next financial year is lower than 8-8.5 per cent projected by the finance ministry in the recent Economic Survey which was tabled in Parliament on January 31. Unveiling the bi-monthly policy, RBI governor Shaktikanta Das said, "Recovery in domestic economic activity is yet to be broad-based, as private consumption and contact-intensive services remain below pre-pandemic levels."
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
At Rs 28.19 lakh - Rs 32.97 lakh (ex-showroom India) it delivers excellent value for its combination of road presence, gizmos, safety, off-road capability and driveability.
Houses under the Indira Awas Yojana will be built for the homeless flood victims of Assam, she said.
Increase in taxes on luxury cars will not have any effect on the demand
The death toll climbed to 20,160 as 467 more people succumbed to the disease.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
'The BJP has everything to lose if it performs poorly in UP. It dreads a repeat of Bihar,' says Rajeev Sharma.
"Both the number of new patients and that of deaths are highest for a single day so far," an official said. 79 persons tested positive for COVID-19 during the day, taking the number of such cases in the country's financial capital to 775, the civic body said.
The total allocation for the road sector has been Rs 97,000 crore.
