Page 3 - India's Infrastructure

India set to be in Skyscanner's top 3 revenue markets: CEO John Mangelaars

A growing economy, rising aspirations, young population, and increasing infrastructure will aid this growth

PM Modi-led Cabinet greenlights Rs 2,642 crore rail-road bridge in Varanasi

The new bridge in Varanasi will feature four railway lines and a six-lane highway. It is being designed to last for 150 years and will span over one kilometre in length

States cut spending by 6%: Is public capex at risk of major slowdown?

Capital expenditures across 18 states declined by 6% year-on-year between April and August in FY25, totalling Rs 1.67 trillion, down from Rs 1.78 trillion during the same period the previous year

Initiative aimed at revolutionising infrastructure: PM Modi on GatiShakti

Prime Minister Narendra Modi on Sunday said the PM GatiShakti National Master Plan has emerged as a transformative initiative aimed at revolutionising India's infrastructure and is driving faster and more efficient development across sectors. PM GatiShakti National Master Plan (PMGS-NMP) was launched on October 13, 2021 for providing multi-modal connectivity infrastructure to various economic zones. PM GatiShakti is a transformative approach for economic growth and sustainable development which is driven by seven engines - railway, roads, ports, waterways, airports, mass transport and logistics infrastructure. In a post on X, Modi said, "PM GatiShakti National Master Plan has emerged as a transformative initiative aimed at revolutionizing India's infrastructure. It has significantly enhanced multimodal connectivity, driving faster and more efficient development across sectors." The seamless integration of various stakeholders has led to boosting logistics, reducing delays and creat

Adani in talks to acquire Heidelberg's Indian cement unit for $1.2 billion

The potential deal is the latest in Adani Group's massive expansion push in the cement sector. The company entered the industry in 2022 by acquiring Holcim's stake in Ambuja Cement

ADB grants $162 mn loan for new infra, tourism boost in Himachal Pradesh

The Sustainable and Inclusive Tourism Development Project targets the promotion of heritage and cultural sites in the Mandi and Hamirpur districts

11,000 Saksham Anganwadi centres to be inaugurated at Poshan Maah

More than 11,000 Saksham Anganwadi centres will be inaugurated virtually during the closing ceremony of this year's Poshan Maah campaign in Ranchi on Monday. The Women and Child Development Ministry said Saksham Anganwadis are strengthened, upgraded and rejuvenated Anganwadis for improved nutrition and early childhood care and education (ECCE). Some of the special features of a Saksham Anganwadi Centre include improved infrastructure such as LED screens, water filtration system, material for ECCE, building as a learning aid (BALA) paintings and Poshan Vatika that gives access to diverse plants and herbs that help in fighting malnutrition. The event will be attended by Women and Child Development Minister Annapurna Devi, Jharkhand Governor Santosh Gangwar, the state's Minister for Women, Child Development and Social Security Baby Devi and Sanjay Seth, the Minister of State for Defence. The seventh Rashtriya Poshan Maah, celebrated from September 1 to 30, focused on key areas such as

Kerala launches new training programme benefiting over 800K students

The state-run Kerala Infrastructure and Technology for Education (KITE) has launched an ambitious initiative to provide support and guidance to over 8,00,000 students from public schools as they prepare for various undergraduate entrance examinations. KITE is the technology arm of the General Education Department of the Kerala government. Titled as Key to Entrance', the programme was inaugurated by General Education Minister V Sivankutty here on Saturday. The core objective of the initiative is the state's commitment to expanding educational opportunities and support for students in Science, Humanities, and Commerce streams, an official statement said here on Sunday. The dedicated portal for the initiative, www.entrance.kite.kerala.gov.in , offers free login access to higher secondary and vocational higher secondary students of government and aided schools, allowing them to access a wide range of learning materials including question papers, assignments, and mock tests, it said Al

Punjab Sind Bank to raise upto Rs 3K cr via Infra bonds, appoint bankers

Set to appoint merchant bankers for proposed QIP

Govt to launch super app streamlining railway services: Ashwini Vaishnaw

Railways Minister Ashwini Vaishnaw said that more than 5,300 km of railway tracks were laid in 2023, a distance comparable to Switzerland's entire rail network

NaBFID plans Rs 53,000 crore debt raise in FY25, says MD Rajkiran Rai

NaBFID has already sanctioned Rs 20,000 cr of its target of Rs1 trillion for the 12 months through March 2025

Eye on FDI, Centre to ask state govts for investment-friendly reforms

The Centre is currently engaging with various countries to boost FDI inflows, which dropped to $26.5 billion in FY24 from $42 billion in FY23

Leather exporters to visit Russia from Aug 26 to tap biz opportunities

A delegation of over 20 leather sector executives will be visiting Russia this month to seek investments and tap growing export opportunities. The three-day visit will start from August 26. Council for Leather Exports Executive Director R Selvam said that at present India is exporting leather goods in the range of USD 60 million to USD 80 million, but it is low as huge opportunities are there in Russia. "We will also participate in an international fair - Euro Shoes Premier Collection in Moscow. We are taking a delegation with an aim to attract investments, technology collaboration in tannery and product manufacturing," Selvam told PTI. He said that huge export opportunities are there in areas like leather garments, goods and footwear. Though there are payment issues in Russia due to Western countries' sanctions on account of the Russia-Ukraine war, exporters who are dealing in Rupee can ship the goods. The export of leather, leather products and footwear rose from USD 44.84 mill

Guj CM okays Rs 381 cr for building road from Vadodara to Statue of Unity

CM Bhupendra Patel has approved the construction of this high-speed corridor to make it easier for tourists to reach the Statue of Unity, save time and fuel and boost the tourism development of the en

Let's work unitedly to confront pressing challenges: PM to Global South

Prime Minister Narendra Modi on Saturday called on the countries of the Global South to work unitedly in dealing with food and energy security crises and challenges of terrorism as he flagged concerns over consequences of "uncertainties" around the world. In his opening address at the third edition of the Voice of Global South Summit hosted by India virtually, Modi said India will make an initial contribution of USD 25 million to the 'Social Impact Fund' that aims to develop digital public infrastructure (DPI) in the Global South. The prime minister reaffirmed India's commitment to sharing its capabilities with the Global South or the developing countries to promote mutual trade, and inclusive development, and to achieve sustainable development goals. Modi said there has been an "atmosphere of uncertainty" around the world and it has not yet fully come out of the impact of the Covid-19 pandemic, adding new challenges to development are being faced due to wars. "We are already facin

Group taxation regime for infrastructure

Tax consolidation for special purpose vehicles is desirable

At 7.2 million, Delhi Metro records highest-ever daily ridership on Aug 13

The Delhi Metro on August 13 registered the highest-ever count of daily passenger journeys at 72.38 lakh, officials said. The urban transporter shared the data in a post on X on Wednesday, saying it has surpassed its previous milestone accomplished in February this year. A total of 72,38,271 passengers travelled on August 13. The count of daily passenger journeys in the Delhi Metro had stood at 71.09 lakh on February 13, 71.07 lakh on August 12, 71.04 lakh on September 4, 2023, and 70.88 lakh on February 12, the data showed. Journey or line utilisation is calculated by the number of corridors passengers use to reach their destinations. The Delhi Metro Rail Corporation's current network span is nearly 393 km with 2888 stations (including the Noida-Greater Noida Metro Corridor and Rapid Metro, Gurugram). "The Delhi Metro Rail Corporation (DMRC) has recorded its highest-ever passenger journeys on Tuesday (August 13) with 72.38 lakh passenger journeys being performed across the networ

After 'derailment min' jibe, Vaishnaw says focus is on railways, not reels

Ashwini Vaishnaw's strong response came after Congress MP Gaurav Gogoi criticised him for not taking moral responsibility for train accidents and called him the 'derailment minister'

Despite new coal plants, India will face more power cuts by 2027: Research

India's power crisis: To avert a looming power shortage, India must accelerate efforts to boost renewable energy capacity, warns new research

Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA

Professor Krishnamurthy Subramanian said that the removal of Angel Tax would be significant for India's startup ecosystem and encourage investments from outside