Page 29 - Infrastructure

FM Nirmala Sitharaman reviews progress of National Monetisation Pipeline

Finance Minister Nirmala Sitharaman on Monday reviewed the progress of the National Monetisation Pipeline (NMP) in a meeting here with top officials from various ministries and NITI Aayog. The finance minister in August last year had announced a Rs 6 lakh crore NMP aimed to unlock value in infrastructure assets across sectors ranging from power to road and railways. "Union Finance Minister Smt. @nsitharaman chairs the meeting to review the progress of National Monetisation Pipeline #NMP, in New Delhi, today," the finance ministry said in a tweet. The aggregate asset pipeline under NMP over the four-year period is indicatively valued at Rs 6 lakh crore. The estimated value corresponds to 14 per cent of the proposed outlay for the Centre under the National Infrastructure Pipeline (Rs 43 lakh crore). The meeting was attended by Finance Secretary; CEO @NITIAayog; Secys of DEA; DoR;@DPE_GoI; @tourismgoi; @PetroleumMin; @DoT_India; @MinOfPower; @fooddeptgoi; @MoCA_GoI; @shipmin_india; ..

Tata Projects consortium served termination notice over 'intolerable' delay

Move over 'inordinate delay' in executing crucial stretch of Western DFC

Going forward, IOB will be posting very good results: MD & CEO Sengupta

'It has been in the range of 20-30 per cent in almost every quarter'

Empowering Gati Shakti

Done the right way, the smart platform for infrastructure planning and execution could lead to tremendous productivity benefits

Contractors who repaired Morbi bridge unqualified: Prosecution tells court

The contractors who carried out repairs of the ill-fated suspension bridge at Morbi in Gujarat were not qualified to carry out such jobs, the prosecution told a court here. While the bridge flooring was replaced, its cable was not replaced and it could not take the weight of the changed flooring, the prosecution, citing a forensic report, told the magistrate's court on Tuesday. The collapse of the bridge on Sunday evening claimed 135 lives. Chief Judicial Magistrate M J Khan remanded four of the arrested accused -- two managers of the OREVA Group and two sub-contractors who had repaired the bridge -- in police custody till Saturday. The court remanded five other arrested men, including security guards and ticket booking clerks, in judicial custody as police did not seek their custody, prosecutor H S Panchal said. Police had on Monday booked nine persons under Indian Penal Code Section 304 (culpable homicide not amounting to murder). The four accused remanded in police custody wer

Housing, connected infra necessary for planned development of cities: UP CM

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday reviewed the state's new township policy and said housing and connected infrastructure is necessary for planned and sustainable development of cities. In the last five-and-a-half years, planned urbanisation has increased at a rapid pace in the state and this should be further encouraged keeping in view the future needs, an official release quoting the chief minister said. To make the availability of land easy to investors, it is necessary to simplify the process of land mobilisation. The process of land use change too should be simplified, he said and called for a single-window system for various approvals and clearances. It is the endeavour of the state government to ensure that every family gets accommodation, he said. Adityanath asked the officials to ensure that the interests of farmers, landowners, and customers be guarded. While approving a project, the time limit for its completion should also be fixed, he said. The ch

384 infrastructural projects show cost overruns of Rs 4.52 trillion

As many as 384 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.52 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,529 projects, 384 reported cost overruns and as many as 662 projects were delayed. "Total original cost of implementation of the 1529 projects was Rs 21,25,851.67 crore and their anticipated completion cost is likely to be Rs 25,78,197.18 crore, which reflects overall cost overruns of Rs 4,52,345.51crore (21.28% of original cost)," the ministry's latest report for September 2022 said. According to the report, the expenditure incurred on these projects till September 2022 was Rs 13,78,142.29 crore, or 53.45 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 531 if delay is calculated on the basis of latest schedule o

Cement cos regain pricing power as demand improves from infra, construction

Cost pressures a concern, though, as crude, currency volatility remain

Tata Power hit by cyber attack, says critical systems functioning

The company did not divulge which systems were impacted

Carry out relief work on priority in flood-hit areas: Karnataka CM Bommai

The Deputy Commissioners were asked to make field visits and ensure proper recording of damages and distribution of compensation by the tehsildars

One year of PM-GatiShakti: National masterplan drives infra projects

It is helping identify high-congestion stretches along national highways and railway tracks, offering time-bound solutions and even ensuring more schools in unserved villages.

MICL Group - A legacy of over 5 decades in delivering world-class infrastructure and real estate projects

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PM Gati Shakti: 197 critical infra gap projects identified in last one year

An inter-ministerial panel comprising senior government officials from key infrastructure ministries have given crucial recommendations to improve logistics efficiency among these projects

'Open-ended' freebies should be discouraged, says Sanjeev Sanyal

Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal has said that 'open-ended' freebies should be 'discouraged' as the amount can be utilised for building infrastructure, or investing in the health sector. Sanyal, however, added there is a need for targeted-subsidies, as it helps the poor in the time of need, as it happened during the COVID-19 pandemic period. "We do need to target absolute poverty, but open-ended freebies are certainly something we should not encourage," he told PTI. Sanyal said that there is a price to pay eventually for open-ended subsidies like free electricity or something that's not properly targeted. "... The money that is spent on those particular open-ended freebies is something that can be spent on doing other things whether it's building infrastructure, or investing in the health sector," Sanyal opined. Last week, the Election Commission wrote to political parties to provide authentic information to the voters to assess the ..

Cisco launches India Webex infra, sees permanent shift to hybrid work model

Facility's dedicated data centre will enable Cisco to offer India-specific pricing for its customers, taking down costs by over 50%

Uttar Pradesh moving ahead in field of infrastructure: CM Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said the state is moving ahead in the field of infrastructure, adding that "wherever you enter Uttar Pradesh, you will get four-lane connectivity." Addressing the inaugural session of the 81st Indian Road Congress (IRC 2022), organised by the Uttar Pradesh Public Works Department, he said Uttar Pradesh is moving ahead in the field of infrastructure under the inspiration of Prime Minister Narendra Modi, as per an official release. As many as 2,500 representatives of national and international companies related to road construction are participating in this convention which will continue till October 11. Union Minister for Road Transport and Highways Nitin Gadkari was the chief guest at the inaugural session. Uttar Pradesh is hosting the IRC for the fifth time. In his address, the chief minister said, "The strength and confidence with which Nitin Gadkari focused on infrastructure development is today seen as a model. We started

67% housing demand in Mumbai from affordable segment: Knight Frank-Naredco

Supply of such housing insufficient to meet demand, says study

Higher rates to hit real estate and infrastructure projects, say experts

Worried that the rising rates will hit new projects, CEOs said new loans will cost more this increasing the cost of projects

Govt notifies logistics policy, infra ministries to devise plans in 6 mths

PM GatiShakti and will address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for better workforce

Ontario Teachers' opens India office, hires Keki Mistry as advisor

The Mumbai office will target investments in India across all asset classes, including public and private equities, infrastructure, real estate, credit and venture and growth equity