Page 26 - Infrastructure

Parl panel flags poor fund usage by PM-Ayushman Bharat Health Infra Mission

The PM-Ayushman Bharat Health infrastructure Mission (PM-ABHIM) has turned out to be a major laggard in the financial year 2022-23 based on the expenditure of the fund allocated to the scheme, a parliamentary committee has observed. In its 144th report tabled in the Lok Sabha on Monday, the Department Related Parliamentary Standing Committee on Health and Family Welfare highlighted that the department has been able to utilise just about 20 per cent of its budget estimates allocation. It said 2021-22 is the second year of the implementation of the PM-ABHIM scheme. "Considering that the scheme has a fixed timeline for completion, the committee is surprised that the activities under the scheme have not moved beyond nascent stages of implementation," the report said. The committee in its report stated that the scheme was allocated Rs 690.00 crore in budget estimates 2022-23, which was reduced to Rs 378.27 crore in the revised estimated 2023-24. Again out of this reduced budget, the ..

India can achieve energy independence by 2047, says US Energy Dept study

India can achieve energy independence by 2047, when it celebrates 100 years of independence, according to a study by the US Department of Energy's Lawrence Berkeley National Laboratory. The study titled "Pathways to Atmanirbhar Bharat" also notes India's energy infrastructure needs an investment of USD3 trillion in the coming decades. It determined that achieving energy independence will generate significant economic, environmental, and energy benefits for India which include USD2.5 trillion in consumer savings through 2047, reducing fossil fuel import expenditure by 90 per cent or USD240 billion per year, enhancing India's industrial competitiveness globally, and enabling its net-zero commitment ahead of schedule. "India's energy infrastructure requires a USD3 trillion investment in the coming decades, and our study finds that prioritizing new energy assets that are cost-effective and clean is crucial for long-term financial sustainability," said Berkeley Lab staff scientist and ..

156 critical infra-gaps identified for intervention under PM Gati Shakti

As many as 156 critical infrastructure gaps to ports and for movement of bulk commodities such as coal, cement, fertilizers and foodgrains, have been identified for intervention under the PM Gati Shakti initiative, an official statement said on Saturday. The PM Gati Shakti programme was launched by the government on 13th October 2021. So far, 44 Network Planning Group meetings held at the central level, wherein 66 major infrastructure projects worth Rs Rs 5 lakh crore, have been evaluated, the commerce and industry ministry said. The Network Planning Group (NPG) is constituted under the initiative. "156 critical infrastructure gaps to ports and for movement of bulk commodities such as coal, cement, fertilizers and foodgrains, have been identified for intervention," it said. To facilitate wider adoption of the PM Gati Shakti National Master Plan, a series of regional workshops are being organized across all states/UTs. These workshops aim to bring more vigour and build synergy amo

Wholesale credit to grow at 9-11% in FY23-30 period: CRISIL report

9% of infrastructure, industrial capex is for green projects and number is rising, says agency

Dhami attends meet chaired by Rajnath to boost infra on northern borders

At the meeting, the Uttarakhand chief minister said the Pithoragarh airport would be developed by the Indian Air Force

National highway construction in February at 42 km/day, highest in FY23

National highway development near FY22 levels, but likely to miss target

Gaps in commitment, actual investment by China, says Nepal PM Dahal

Nepal's imports from China fell to $1.84 billion in 2022 from $2.38 billion a year ago, while exports totalled $5.39 million, down from $8.37 million in the same period, official data showed

PM Modi stresses the need to reorient skill infrastructure system

Prime Minister Narendra Modi on Saturday stressed the need to reorient the skill infrastructure system according to the needs of Lord Vishwakarma

94% expenditure marked for road, bridge, infra projects in MMRDA budget

The Mumbai Metropolitan Region Development Authority's budget for fiscal 2023-24 was presented by Metropolitan Commissioner SVR Srinivas on Friday, with 94 per cent of expenditure earmarked for road and bridge projects, public transport and other infrastructure development works. As per an MMRDA release, the total estimated receipt is Rs.23,689.77 crores, including a loan from the Maharashtra government, while the total estimated expenditure is Rs. 28,704.98 crore, leaving a deficit of Rs 5,014.41 crore. It was presented in the MMRDA's 15th meeting in the presence of Chief Minister Eknath Shinde and his deputy Devendra Fadnavis. Srinivas also presented a revised budget of MMRDA for 2022-23 with estimated total revenue of Rs.14,535.39 crore and total expenditure estimated at Rs.15,452.98 crores. Both the budgets were approved in the meeting, the release informed. "Out of total estimated expenditure for 2023-24, 94 per cent, or Rs.27,079.69 crore, will be spent on Road and Bridge ...

After weak Q3 show, concerns seem to be built into Indus Towers stock price

Discounted Cash Flow valuations estimates of analysts are between Rs 170-190 per share

Sufficient infra to fight rising respiratory infections: West Bengal govt

Several districts in West Bengal have been witnessing a surge in cases of children suffering from Acute Respiratory Illness (ARI), the hospital authorities informed

Infra development is the driving force of country's economy: PM Modi

Prime Minister said, "Gati Shakti National Master Plan is going to change the face of India's infrastructure and its multimodal logistics"

Tourism has same potential in India as agriculture, infrastructure: PM Modi

Addressing the gathering, the Prime Minister remarked that the new India of today is moving forward with a new work culture

Pace of bank lending to infrastructure shrinks to 2.3%: RBI data

Bankers say private infra offtake slow; much of funding is via public funds

PM GatiShakti recommends 66 big-ticket projects worth Rs 5 trillion

PM GatiShakti to help in planning social infrastructure: Piyush Goyal

Bengaluru govt presents Rs 11,158 cr budget for FY24, gives push to infra

The Metropolitan Bengaluru Municipal Corporation administration on Thursday presented a budget of Rs 11,157.83 crore for the year 2023-24, giving a push to improve infrastructure with focus on easing traffic congestion, building grade separators, white topping of roads and better connectivity. Calling it an 'Atma Nirbhar Budget', the Bruhat Bengaluru Mahanagara Palike (BBMP) Special Commissioner (Finance) Jayaram Rayapura said, "While the total receipts will be Rs 11,163.97 crore, the total expenditure will be Rs 11,157.83 crore, thereby resulting in a surplus budget of Rs 6.14 crore." The budget has been presented with a firm belief in the norm, "stretch your legs as much as your bed" and is aimed to bring financial discipline, self-reliance and self-sufficiency in the BBMP's finances, he said. Among the proposals are construction of 10 new city plazas in residential areas at a total cost of Rs 50 crore, Rayapura said in his budget speech. To address traffic congestion at bottlene

Siemens scaling new heights on strong performance, govt's infra thrust

Decent upside in the stock given that most analysts are positive with target prices ranging Rs 3,250-3,800

Haryana govt allocates Rs 5,893 crore in FY24 Budget for urban development

The state's overall budget allocation was Rs 1.83 trillion

Rajasthan approves Rs 1,745 cr for improving roads, bridges in rural area

The Rajasthan government has approved Rs 1,745.73 crore for the construction, upgradation and strengthening of rural roads and bridges, according to an official statement. Chief Minister Ashok Gehlot has okayed a proposal to this effect, it said. A total 266 roads and 35 bridges will be covered under the project. As many as 301 works will be undertaken, covering 2,369 kilometer rural road length and 3,369 metre bridges. The project will be carried out by the Public Works Department.

India has set new model of infra development, says PM Narendra Modi

PM Modi said there is unbelievable faith in India for the next 25 years