Capital expenditure (capex) by 54 large central public sector enterprises (CPSEs) and five departmental arms with an annual capex target of Rs 100 crore and above has reached around 42.5 per cent of their annual target of about Rs 7.33 trillion in this financial year so far, a senior official from the Ministry of Finance told Business Standard. "The Centre is pushing the big public undertakings in the infrastructure and refinery sector to achieve 90 per cent of their target by the end of the third quarter," he said. The capex by this group of CPSEs stands at around Rs 3.1 trillion in the April-August period so far.
The BJP-led NDA government's decision to facilitate resumption of stalled work at 2000 MW Lower Subansiri Hydro Power Project being constructed by the National Hydro-Power Corporation at Gerukamukh along the Assam-Arunachal Pradesh boundary has not gone down well with many anti-dam organisations in Assam. They fear a catastrophic downstream impact by the mega dam project.
Beyond announcements and optics, key projects have hardly moved under the Yogi government, reports Virendra Singh Rawat.
The ministry of home affairs has identified around 1,700 km of fencing that needs to be done, BRO's additional director general (East) PKH Singh said.
According to experts, slopes in Himachal have become highly vulnerable to landslides due to cutting of rocks at the foothills and the lack of proper drainage system, and high intensity rainfall is making the things worse for the state.
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.
The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.
'India has gone digital. They talk about the success of India's Chandrayaan mission but they cannot evacuate our people trapped for around a week'
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
Modi govt must bring about reforms to kick-start big-ticket infra projects.
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
Incessant rains unleashed more death and destruction on Monday in parts of north India, with 37 people killed in landslides and other rain-related incidents in the last two days even as the Army and NDRF teams stepped in to intensify the relief and rescue operations.
Messages sent through Internet-based messaging service providers such as Whatsapp, Signal, and Telegram, as well as those which are encrypted, are understood to be within the Act's ambit.
Need for consent of affected families and social-impact assessment could go.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
While the most obvious beneficiary of this roll-out will be manufacturers of FASTags, or the Radio Frequency Identification chips, a PwC report says implementation of a pan-India electronic toll collection system on national highways may help save approximately Rs 87,000 crore annually.
Shekhawat has filed a defamation case against Gehlot for accusing him and his family of being involved in the alleged Sanjivani Credit Cooperative Society "scam".
Little attention is being paid to keep roads, bridges and flyovers in good shape
Call it the art of staying rooted yet bending with prevailing political winds. With Telangana going to the polls in December, and assembly and Lok Sabha elections in Andhra and Odisha scheduled next year, what factors have influenced parties' recent moves?
'If democracy does not exist, if there are no political spaces, there is no media, there is no civil society, what do we rejoice?'
The Gomti Riverfront Development project, the Agra-Lucknow Expressway, the Jai Prakash Narayan International Centre and the efforts towards the beautification of Old Lucknow are some of Akhilesh Yadav's initiatives that are the subject of investigation.
Modi deplored "the thinking of many political leaders" that projects like roads were not meant for the poor.
The chief engineer of 'Project Vartak', Brig Raman Kumar told ANI that the Border Roads Organisation (BRO) is developing and maintaining all road networks in the key border areas of western Assam and western Arunachal Pradesh.
The Tata group is planning to invest $90 billion in new industries such as mobile components plant, semiconductor, electric vehicles, batteries, renewables energy and e-commerce by 2027. The Tata group's investment in India is far higher than the $75-billion investments planned by Mukesh Ambani-owned Reliance Industries and $55-billion investment planned by the Adani group in the next five years in the country, the Economist reported recently. The investment by the Tata group is a shift in its strategy to focus more in the home markets instead of international markets where the group lost money.
Developers grappling with labour shortage and getting construction material to sites could be among a list of problems.
'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'
The government has decided to raise the viability gap funding (VGF) for certain projects under the fifth phase of the National Highway Development Project (NHDP V), owing to poor response to the first few projects put up for bids in December last year.
The Centre has received Rs 6,651 crore as interim dividend from 12 public sector undertakings (PSUs) on Monday, edging towards its Rs 50,028 crore dividend target for the ongoing fiscal. Power Grid Corporation of India (PGCIL) has transferred Rs 2,506 crore as a dividend tranche to the government, while NMDC and Nuclear Power Corporation of India transferred interim dividend of Rs 1,605 crore and Rs 972 crore, respectively. The government has received dividend tranches of Rs 913 crore from GAIL, Rs 351 crore from Hindustan Aeronautics, Rs 149 crore from Bharat Electronics, among others, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey tweeted.
The tunnel would provide all-weather connectivity between Srinagar and Leh-Ladakh
Though Sukhu has been putting up a brave face and there appears to be no immediate threat to his government, the BJP is looking to bring down his dispensation with bypoll wins amid a view that it may draw more legislators of the ruling party into its fold.
Some of the farmers allegedly tried to block Khattar's motorcade but police managed to provide a safe passage to the chief minister, sources said.
The bus was carrying pilgrims from outside Jammu and Kashmir to the Mata Vaishno Devi shrine. Katra is the base camp for the pilgrims visiting the famous shrine atop Trikuta hills.
Maldivian President Mohamed Muizzu's party secured a 'supermajority' in Parliament by winning over 60 seats in Sunday's crucial parliamentary election, seen as a litmus test for the pro-Beijing politician whose policies are being closely watched by both India and China amidst regional power dynamics.
The plan is to offer the ratings of drivers to insurers, which can then customise their premiums -- a higher score meaning a lower premium, for instance, and vice-versa.
A six-inch pipe has been laid at the Silkyara tunnel through which nutritious food and medicines could be supplied to the 41 labourers, trapped for over a week after parts of the under-construction structure collapsed following a landslide.
The case pertains to the issuance of mining leases in alleged violation of e-tendering process. The Allahabad High Court had ordered the probe.
Capital expenditure by 54 large central public sector enterprises and five departmental arms, having a capex minimum target of Rs 100 crore, rose 93 per cent year-on-year (YoY) in the April-May period to Rs 1.39 trillion. The National Highways Authority of India (NHAI) and the Railways have started this financial year's capex cycle on a stronger note. In the first two months of FY24, the 54 CPSEs, along with the departmental arms, achieved 19 per cent of their combined budget target of Rs 7.33 trillion, Business Standard has learnt.
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."
About 92 per cent of the 5846-km Golden Quadrilateral project is expected to be completed by December 2005, Union Minister for Road Transport and Highways and Shipping T R Baalu said on Saturday.
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