The government may consider a public-private partnership (PPP) mode for setting up national gas highways to ensure distribution across the country.
India is well-stocked with inventories of crude oil and key petroleum products, including petrol, diesel, and aviation turbine fuel (ATF), to deal with short-term disruptions as the war intensifies in West Asia, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday.
Stating this Union Tourism minister, Subodh Kant Sahai said on Friday his ministry has appointed a national level consultant to identify four tourism circuits in each state, excluding the North Eastern states and 2 in each union territory for integrated development of tourism circuits during the 12th Plan period.
Employment exchanges will not remain mere places where people register their names and begin an endless wait for a call for an interview for a job which, most often, may never happen.
The Pahalgam attack in Jammu and Kashmir impacted tourism, but recovery efforts are underway with government initiatives and events to promote the region and boost MICE tourism.
The scheme is expected to activate the measures announced for the housing construction sector under the economic stimulus packages. It will increase the stock of houses ranging from 300 sq ft to 1,200 sq ft plinth area built at affordable rates on land provided by state governments.
The government on Tuesday announced setting up of hubs to promote exports through e-commerce medium in public-private-partnership (PPP) mode and initially 10-15 hubs will be established. Finance Minister Nirmala Sitharaman said that these hubs, under a seamless regulatory and logistic framework, will facilitate trade and export-related services under one roof. "To enable MSMEs (micro, small and medium enterprises) and traditional artisans to sell their products in international markets, e-commerce export hubs will be set up in PPP mode," she said.
Prime Minister Narendra Modi inaugurates the Navi Mumbai International Airport and a portion of the Mumbai Metro Line, marking significant improvements to transportation infrastructure in Mumbai.
About Rs 2,280 crore (Rs 22.80 billion) unaccounted income being allegedly routed through Private Placement Programme (PPP) has been detected by economic intelligence sleuths.
Will be given choice of govt and privately funded modes to put highway projects that didn't get bids under PPP model.
Andhra Pradesh's IT and Electronics Minister Nara Lokesh has pitched port city of Vizag in his state for setting up a data centre to Google Cloud CEO, saying the new government in the state has taken various initiatives for supporting industry that will help it transform into a cloud infrastructure hub. The state is focused on setting up data centres in Visakhapatnam and the minister invited Google Cloud to establish its data centre in the port city.
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).
Lee Jae-myung's decisive victory in South Korea's snap presidential election marks a major political shift driven by public backlash against authoritarian, with significant implications for domestic reform and the future of the US-South Korea alliance, observes Dr Rajaram Panda.
The finance minister clarified that indexation benefits offered until April 1, 2001 would be protected. This means older properties, including legacy assets, would benefit.
These are the highlights of the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday.
The ministry of railways has dropped its proposal for monetisation of stations on public-private partnership mode, and projects are now being taken up under engineering, procurement and construction (EPC) mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite monetisation of other assets, including trains, goodsheds, hill rail, stadiums, railway colonies and railway land parcels among others. "Largest asset class (stations) dropped. Stations earlier proposed on PPP mode are now being taken up under EPC mode," the source said.
The government has fixed an indicative value for Delhi's iconic 'The Ashok' hotel at Rs 7,409 crore under the national monetisation programme, according to sources. The Ashok and the adjacent hotel Samrat are among the eight India Tourism Development Corp assets listed under the National Monetisation Pipeline (NMP) announced by Finance Minister Nirmala Sitharaman last year. The sources said investor consultation has already been undertaken and a cabinet note for the sale of the sprawling 25-acre property in the heart of the national capital is under consideration.
One hopes that the government will act on the Kelkar panel recommendations.
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Many of the PPPs have not evinced interest, Prabhu said.
The government on Thursday said it would expeditiously clear pending proposals in the infrastructure sector under the public-private partnership (PPP) mode while making regulations, governing this area, investment friendly.
The National Highways Authority of India on Wednesday said it needs to borrow up to Rs 20,000 crore (Rs 200 billion) per year for the next 15 years to implement Rs 9 lakh crore (Rs 9 trillion) worth of road projects in the PPP mode till 2031-32.
The FM proposed reduction in basic customs duty on gold and silver to 6 per cent and platinum to 6.4 per cent.
The Delhi police has been allocated Rs 10,355.29 crore in the Union Budget for 2022-23, an increase of Rs 1,701.03 crore from the last fiscal, officials said on Tuesday.
The government which is proceeding with privatising six airports including those at Kolkata and Chennai, intends to give away 14 more to private parties for operation and development during the 12th Plan period, Rajya Sabha was told on Tuesday.
With an aim of generating additional revenue through non-tariff measures, railways have sought Cabinet approval to go ahead with its ambitious plan of commercial utilisation of land.
Mamata Banerjee's Railway Budget evoked mixed reactions. While corporate India welcomed the moves made by the railway minister, opposition political parties flayed the budget calling it a fantasy and opoortunistic. Read on...
Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?
The government will launch a project for modernising employment exchanges, which will help the youth to get jobs by registering themselves online at any exchange in the country.
Expressing apprehension over the Centre's move to regulate fees at their hospitals, private healthcare chains on Monday said such a step will not be 'plausible' and even if it were to be initiated, the government must not do it unilaterally.
Rahul said Modi cannot speak on corruption as the party's chief ministerial candidate Yeddyurappa faced graft allegations.
Planning Commission Deputy Chairman Montek Singh Ahluwalia made a case on Wednesday for setting up a credible regulatory environment to attract funds for infrastructure development in the country. There are opportunities for private sector participation in infrastructure projects, which are being developed under the PPP mode, like on roads, ports and power, Ahluwalia told global investors.
Decks have been cleared for setting up of 20 new IIITs in the country after differences between industry bodies and the government, over the issue of autonomy, were sorted out.
'An area of land has already been earmarked for their protected habitation.' 'There are also steps being taken to take care of the coral zone and mangroves.'
The government on Tuesday announced central assistance of Rs 2.2 lakh crore over the next five years to meet housing requirement of 1 crore urban poor and middle class families under the Pradhan Mantri Awas Yojana-Urban and proposed interest subsidy to provide loans at affordable rates. In her Budget speech, Finance Minister Nirmala Sitharaman said, "Under the PM Awas Yojana Urban 2.0, housing needs of 1 crore urban poor and middle-class families will be addressed with an investment of Rs 10 lakh crore." "This will include the central assistance of Rs 2.2 lakh crore in the next 5 years," she added.
In 2013, the government awarded less than 1,500 km of road projects under the EPC mode after it found no takers for PPP projects.
'They think quick fixes like internship in the private sector will help. 'In fact, internships have been going on for the last one decade.' 'In 2014-2015 itself, we had a ministry of skill development. None of the programmes have yielded results, still they are continuing with such schemes under some other name.' 'We don't see any seriousness on the part of the government to attack the problem of unemployment.'
Finance Minister Arun Jaitley announced slew of reforms for the masses.
Move to accelerate investments; Japan to have a share in corpus
The Centre will promote Kisan Drones, chemical-free natural farming, public-private partnerships for the delivery of digital and high-tech services to farmers across the country during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Budget 2022-23 in Parliament, Sitharaman said the inclusive development is one of the four priorities of the government moving forward. As part of the inclusive development, the government will promote the use of 'Kisan Drones' for crop assessment, digitisation of land records and spraying of insecticides. The government will also facilitate a fund with blended capital raised under the co-investment model through Nabard to finance agri start-ups and rural enterprises, she said.
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The railway minister said that one-third studies have already been done.
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