Inadequate funding and non-viability of some projects have forced several leading infrastructure development firms to stay out of bidding for over 13 highway projects worth over Rs 12,500 crore (Rs 125 billion).
The loans, under two separate schemes for seven poorest states and seven middle-income states, will benefit the poor as the funds will be utilized to put infrastructure development on the fast track leading to job-creation and stability.
Almost all global engineering consulting companies are heading to India as the country is firming up high profile logistics projects in the midst of a dearth of engineering talent.
In the two-wheeler segment, Bajaj Auto reported 31 per cent jump in total sales at 357,883 units in February against 273,513 units in the same month last year.
India's infrastructure sectors, for long shunned by investors due to long gestation periods and hazy policies, have finally become attractive.
The labour force at large has turned less needy, due to various government financial incentives and freebies.
The exchange, Indian Energy Exchange (IEX), received bids for 13,176 Mwh of power when operation commenced and the transaction took place in the price range between Rs 6.46/kwh and Rs 8.01/kwh. Power will be delivered on Saturday as IEX is trading a day ahead currently.
Official sources in Guwahati informed that the Central team would be led by Cabinet Secretary K M Chandrasekhar who would be accompanied by Union Special Secretary Home M L Kumawat and Defence Secretary Vijay Singh.
In a Facebook post on the second anniversary of demonetisation, Jaitley said in first four years of the National Democratic Alliance government, the number of income tax returns filers has gone up to 6.86 crore from 3.8 crore in May 2014.
CDC Group, the UK-based private equity fund-of-funds operator, is to invest $250m (pound 126m) in to three Indian infrastructure and real estate funds, joining a growing list of foreign groups targeting the sectors.
Activation of this advanced landing ground would not only improve the response time for various operational situations but also the efficacy of the air operations in the eastern frontier.
A 1988 batch Indian Administrative Service of Gujarat cadre, Arvind Sharma is set to be Prime Minister-designate Narendra Modi's personal secretary. Sharma was additional principal secretary to the Modi when he was chief minister of Gujarat, and has been with him since 2001.
Plans to offer up to 10% of project cost as bonus to highway contractors, compared to 5% at present
After recent poll defeats, Sonia asks party to focus on development.
"There are individual areas where we think there are activities and infrastructure development. We have ways of dealing with this and it has always been successful," Foreign Secretary Shiv Shankar Menon told media persons during a briefing on Prime Minister Manmohan Singh's maiden visit to Beijing beginning Sunday.
The West Bengal government unveiled a new model to allot 90 acres of subsidised plots each to software majors Infosys and Wipro near Rajarhat locality in the city at an unspecified rate.
'The trading community will be a priority for Modi when he forms the next government.'
International Hockey Federation is unhappy with the progress made by India to promote the game in the country.
'It could have moved from the use of small arms to artillery fire.' 'Anything could have happened like what happens on the LoC.'
According to SBI executives, the aim is to do things efficiently with an eye on profitability, and get a feedback on areas, including which business to enter and which to exit.
The seventh Tibet Work Forum was held in Beijing on August 28 and 29. Delhi should be deeply concerned, at a time India faces a precarious situation in Ladakh, because the TWF also defines China's western border policies, observes Claude Arpi.
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.
Finance Minister P Chidambaram said India needs to raise investment in infrastructure from the current level of five per cent of GDP to nine per cent of GDP over the next five years. Theinitiative for dedicated infrastructure funds were stalled due to the lack of projects, he added.
India's doctrinal policy shift in combating terror by carrying out the Balakot air strikes inside Pakistan, appointment of a Chief of Defence Staff and hastening work on military modernisation marked a new beginning in 2019 in dealing with complex security challenges.
Even as Anil Ambani's proposal for a special economic zone in Noida was turned down by the Uttar Pradesh government on Saturday, Mukesh Ambani's Mumbai SEZ (formerly called the Maha Mumbai SEZ) has also run into problems.
Of the 40 CEOs polled from across the country, 60 per cent identified a fractured electoral mandate as a bigger risk than trade wars, volatile oil prices, and inflation.
Outlook for the Economic Survey (2006-07) also suggests a promising improvement in infrastructure development.
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The National Spot Exchange Ltd, promoted by Jignesh Shah-led Financial Technologies, is facing a Rs 5,600-crore (Rs 56-billion) settlement crisis.
The sessions court last week began the trial by issuing the process order and then released all the 25 accused present in court on bail. The case will be heard on June 20. All the accused were charged of committing fraud in the initial public offering of the shares of IDFC, which was open for subscription from July 15-July 22 in 2002.
Iran's decision to keep India out and welcome China to the scene is a huge strategic setback for India, observes Dr Rajaram Panda.
State-owned India Infrastructure Finance Company Ltd has tied up with Infrastructure Development Finance Company, and global equity investors Citigroup Inc and Blackstone Group to launch a $5 billion infrastructure fund.
India will get active cooperation of the Portuguese for development of the game at grassroots level.
In fact, given the current tensions and massed troops on both sides, there is a danger that the LAC will become more like the Line of Control with Pakistan, a heavily fortified and strongly defended border where weapon fire exchanges regularly occur. Indeed, Stratfor Worldview research has listed a sharp increase in new Chinese facilities along the LAC in 2019-20.
Faculty crunch, infrastructure development and funding are were the 'major impediments' faced by the Indian Institute of Management-Ahmedabad (IIM-A), said its new director Samir K Barua.
In order to tap the booming construction sector, Europe's leading infrastructure group, Strabag SE, has joined hands with Indiabulls Real Estate Ltd for working on large development projects in the country.
This is the most successful equity raising by the project's promoter Bahrain-based Gulf Finance House which is now looking at further investment opportunities in India. The project, with an estimated development value of $2 billion, will be built on 300 acres of land in Maharashtra.
Infrastructure developer GMR Infrastructure said on Wednesday it has tied up with Plaza Premium Lounge of Hong Kong for maintaining and managing lounges at the New Hyderabad International Airport.
The Commerce and Industry Ministry has circulated a draft Cabinet note for inter-ministerial consultations.
Prime Minister Manmohan Singh invited greater investment from Japan on Thursday as he wants to conclude a Comprehensive Economic Partnership Agreement between the two countries.
The sales of construction companies are expected to rise in the current quarter and financial year on the back of strong order books and increased activity in infrastructure.
