Maharashtra Chief Minister Prithviraj Chavan welcomed the joint decision of CII and WEF to hold the summit in Mumbai.
Finance Minister Nirmala Sitharaman on Friday pitched for front loading of capital expenditure, saying it is critical for revitalisting the economy post the coronavirus pandemic. During a virtual meeting with senior government officials to discuss the infrastructure roadmap ahead, she also asked ministries to aim to achieve more than their capital expenditure (capex) targets. The Union Budget 2021-22 provided a capital outlay of Rs.5.54 lakh crore, a sharp increase of 34.5 per cent over the Budget Estimate of 2020-21.
iNCOVACC is the world's first intranasal vaccine for COVID-19 to receive approval for the primary two-dose schedule, and as a heterologous booster dose.
To be set up under the PPP model, the 20 institutes will offer undergraduate, masters and PhD programmes.
'There was a strong undercurrent of deprivation, and also frustration against misuse of power and authority.' 'This election was an opportunity for the manifestation of this discontentment.'
The prime minister asked the government educational bodies to employ outside professionals and lease their infrastructure to private sector to impart specialised training.
Rajat Gupta, former director of Goldman Sachs and Mckinsey, has resigned from the board of the Hyderabad-based Emergency Management Research Institute (EMRI), a public-private-partnership initiative being run by the GVK group.
To fund infrastructure projects in the public-private-partnership model, the forthcoming Budget could lay down some broad contours on the setting up of debt funds, which will provide investment for the core sector.
Haryana tops the list of states that have witnessed maximum number of public-private-partnership (PPP) projects in the area of urban development, with a share of 85 per cent worth Rs 66,800 crore as on August 2012, a study has said.
The new concessionaire will be appointed by the end of April and the groundwork for the project is expected to begin in October.
After having received the government purchase order for 55 lakh doses, Bharat Biotech shipped the first batch of vaccines (each vial containing 20 doses) to Gannavaram (Vijayawada), Guwahati, Patna, Delhi, Kurukshetra, Bangalore, Pune, Bhubaneswar, Jaipur, Chennai and Lucknow.
The innovation universities are part of the ministry of human resource development's brain gain policy.
Bids for the proposed Rs 1,290-crore (Rs 12.9 billion) Madhepura electric locomotive factory in Bihar will be opened next week, say railway ministry officials.
The trained officers would be able to analyse and scrutinise data on hard disks, track e-mails, extract evidence using Internet and mobile phones and will familiarise themselves with cyber crime-related legislation.
The prime minister's committee on infrastructure has finalised a proposal for restructuring the National Highway Authority of India.
Jamnalal Bajaj Institute of Management Studies is organising its annual business convention Strategym 2006.
Despite higher allocations, core sector likely to see reduced profitability.
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.
Spread over 940 square km, a new city would be developed at Dholera by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) as a part of its $90 billion project spread across six states.
The bidding will be opened in second week of April and the highest bidder will be entrusted with the responsibility of developing a group housing complex complete with all modern facilities including shopping complex and health services, said a senior railway official. Besides the reserve price, the developer has to renovate 750 railway quarters near the site as part of the development agreement.
India has initiated steps to build its first indigenous civilian transport aircraft under a public-private partnership project that will be undertaken in a national mission mode.
Finance Minister Pranab Mukherjee, who took additional charge of the finance ministry recently, has rejected a Planning Commission proposal to increase the upper limit for Viability Gap Funding (VGF) for infrastructure projects coming up under the public-private partnership model.
FDI inflow of $14.6 billion in the first five months of 2008-09 showed an impressive growth of 124 per cent over the same period last year. Earlier, in October the government had expressed optimism saying India would exceed its target of $35 billion this fiscal. Sectors that attracted maximum FDI in 2007-08 were services, telecom, housing, construction activities, real estate, electrical equipment, computer software and hardware.
The government had planned to complete the bidding process and award the final contract for these projects by December 2008. An official from the National Highway Authority of India said, "Now that PPPAC had given approval to these 21 highway projects, we will be speeding up the bidding process."
Union Minister for Shipping, Road Transport and Highways TR Baalu has said the new toll policy has been finalised by the government, while the toll rules are under formulation.
MSD Wellcome Trust Hilleman Laboratories, the joint venture to develop affordable vaccines for low-income countries, will take off by next year.
A former Indian Administrative Service officer of the 1994-batch, Vaishnaw has handled important responsibilities for over 15 years and was particularly known for his contribution to the public-private partnership (PPP) framework in infrastructure, something that will help him in the rail sector.
Railways initiate project for ad revenues of Rs 4,000 cr.
The government may consider a public-private partnership (PPP) mode for setting up national gas highways to ensure distribution across the country.
The Andhra Pradesh Cabinet has approved a bill to implement Rs 9,696 crore Hyderabad Metro Rail Project which is expected to be completed by 2011.
A division bench headed by chief justice A P Shah dismissed a bunch of petitions that alleged that both the Delhi International Airport Ltd and the Mumbai International Airport Ltd were collecting ADF in an illegal manner, without having any authority.
Singapore is keen on a public-private partnership with India in infrastructure development, especially in real estate and construction sectors, according to a member of a high-level business delegation visiting Chennai.
Portraying India as a profitable investment destination, which will require fund inflows to the tune of $500 billion over the next five years
Responding to a question, he said, "It may also deal with fake news, though there is no specific mention in this regard."
The aim to ensure a steady revenue and corporate sponsorship for sports, besides keeping infrastructure in use.
If the Indian Railways, therefore, wishes to implement its expenditure plans as outlined in the Interim Railway Budget, it has to look for alternative sources of funding. One option under study is to adopt the PPP route to implement new projects. Mamata Banerjee's first Railway Budget in the United Progressive Alliance government, therefore, may outline major PPP initiatives for several new projects, say railway officials.
As part of the initiative, Planning Commission is organising a one-day conference on 'Building Infrastructure: Opportunities and Challenges' on October 7.
