Page 16 - India's Infrastructure

ABL Indira JV bags Rs 350 cr project to upgrade police infra in Maldives

ABL Indira Projects on Tuesday said it recently signed a contract worth Rs 350 crore with the Maldives Police Service.

479 infrastructure projects show cost overruns worth Rs 4.4 trillion

As many as 479 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 trillion, according to a report

Excise duty on fuel calibrated to generate resources for infra: FinMin

The excise duty rates on petrol and diesel have been calibrated to generate resources for infrastructure building and other developmental expenditure keeping in view the prevailing fiscal situation

Our vision is to build quality infrastructure in Varanasi: PM Modi

PM Narendra Modi shared details of many projects he will inaugurate there and asserted that his government's vision is to build quality infrastructure in the holy city for the coming generations.

In first meet, new Cabinet approves Rs 23,123-crore Covid-19 fund

The Union cabinet Thursday approved a Rs 23,123-crore package for improving health infrastructure to fight COVID-19 as part of which around 2.4 lakh medical beds and 20,000 ICU ones would be created with a special focus on paediatric care. Addressing a press conference here after the first meeting of the Union cabinet following its reshuffle on Wednesday, Health Minister Mansukh Mandaviya said the package will be implemented over the next nine months till March 2022. The meeting was chaired by Prime Minister Narendra Modi. Mandaviya said this is the second phase of the Emergency Response and Health System Preparedness Package as the Central government had given Rs 15,000 crore earlier for setting up Covid-dedicated hospitals and health centres across the country. Under the new package, the Centre would provide Rs 15,000 crore and states Rs 8,123 crore, and the plan would be implemented jointly by them across all the 736 districts to improve medical infrastructure at primary and ...

Infrastructure push will prop up EPC road contractors: CRISIL SME Tracker

As things stand, SMEs account for 35-45 per cent of the roads and highways sector overall

Rising commodity prices risk raising costs for India's infra plans

Commodity super-cycle may upset plans for national infrastructure pipeline, raise expenses for Railways

Moving on the infrastructure agenda

Globally, municipal bonds are an established and major source of funding for urban infra. However, the municipal bond market is quite underdeveloped in India, notes Vinayak Chatterjee

Industry ready to strengthen capacity, back-end infra despite second wave

Several industries have shown confidence in the economy's recovery prospects and said the capex cycle is reviving

Telcos get approval to share active infrastructure as DoT amends UASL norms

The move is expected to give a big boost to sharing of backhaul spectrum between operators to power the towers

HDFC to acquire 10% stake in Kerala-based asset management firm

Mortgage lender HDFC Ltd on Monday said it will acquire 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML.

The forgotten case for bank nationalisation

In the recent clamour for their re-privatisation, we seem to have forgotten the rationale for bank nationalisation and the crucial role public sector banks continue to play in war against poverty

Slippery slope

Guaranteeing DFI debt will increase systemic risk

DFI goes back to the future: Will changes boost infra funding in India?

The Bill suggests that the government has learned from past mistake

Delhi, Mumbai Expressway to be ready by 2022, says Nitin Gadkari

Government is spending Rs 7 trillion on building green express highways, says union minister.

Parliament passes bill to set up National Bank for Financing Infrastructure

Parliament on Thursday passed a bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India

DFI to get direct access to Reserve Bank of India's funding facilities

Govt may guarantee bonds, debentures and loans issued by the new institution

5G network deployment can start in 3 months but infra not ready: Experts

5G networks in India can be deployed in three months but in limited areas as the optical fibre based infrastructure to support the technology is not ready yet, telecom industry players said

Best of BS Opinion: Signposts from China, consumer sentiments, and more

Here's a selection of Business Standard opinion pieces for the day

Infra.Market becomes India's latest unicorn after $100-million fundraising

The company seeks to offer an enhanced procurement experience to players in the construction ecosystem.