Page 6 - Infrastructure

India's core sector growth falls to five-month low of 2.9% in February

Driven by deceleration in output of coal, refinery products, and cement

India's core sector growth falls to five-month low of 2.9% in February

In February 2024, the core sector growth had stood at 7.1 per cent

Recasting India's infra ambitions as NIP, NMP near end of their tenure

The National Infrastructure Pipeline and the National Monetisation Pipeline have both reached the end of their tenure and need revitalisation

Germany's likely next leader seeks approval for huge defence, infra package

Germany's would-be next chancellor, Friedrich Merz, is asking lawmakers Tuesday to allow the country to put whatever it takes into defense as doubts mount about the strength of the trans-Atlantic alliance, and to authorise an enormous fund for investment in its creaking infrastructure, financed by hefty borrowing. The outgoing parliament is set to meet for a final time to vote on the plans as Merz's center-right Union bloc works to put together a governing coalition with the center-left Social Democrats of outgoing Chancellor Olaf Scholz after winning last month's election. Two-thirds majority needed The plans will need a two-thirds majority in parliament's lower house, the Bundestag, because they involve changes to Germany's strict self-imposed borrowing rules the so-called debt brake, which allows new borrowing worth only 0.35% of annual gross domestic product and is anchored in the constitution. That forced the prospective coalition partners into negotiations with the ...

Haryana CM proposes urban drainage fund of Rs 100 cr to improve infra

An Urban Drainage Fund with Rs 100 crore corpus will be set up to improve drainage infrastructure in all cities of Haryana, said Chief Minister Nayab Singh Saini while presenting his government's Budget for the 2025-26 fiscal on Monday. This dedicated fund will launch projects to ensure sustainable flood management and protect cities from disasters. He also proposed to establish Common Effluent Treatment Plants in Panipat, Faridabad, Gurugram, and Yamunanagar. In his budget speech, the chief minister announced Rs 5,666.28 crore allocation for the Urban Local Bodies, a 38.5 per cent increase from Rs 4,091.95 crore allocated this fiscal. Saini, who also holds the Finance portfolio, said that to empower local governments, the municipal corporations, councils and municipal Committees will be granted the authority to determine taxes and fees. These local bodies will have the flexibility to set taxes such as property tax, development tax and charges like garbage charges, advertisement ..

Roadstar InvIT may onboard strategic partner to acquire large road assets

The InvIT wants to keep all options open, with acquisitions purely based on value. However, it may preferably target assets from the NHAI

Chhattisgarh Budget gives 'GATI' to infrastructure, industrial growth

According to economic experts, the Chhattisgarh Budget for 2025-26 focussed on accelerating economic growth in the state with emphasis on infrastructure and industrial development

EDF India, Actis join hand to develop smart metering infrastructure

EDF India on Wednesday announced a strategic joint venture (JV) with Actis, a leading global investor in sustainable infrastructure, to deploy smart metering infrastructure. This collaboration aims to operate a dedicated platform company for Advanced Metering Infrastructure Service Provider (AMISP) concessions, reinforcing EDF India's and Actis' commitment to investing in the Indian power sector, a company statement said. Under this joint venture, EDF India and Actis will bring together their global expertise in energy solutions and infrastructure investments. The Indian government is actively driving the National Smart Metering Project under the Revamped Distribution Sector Scheme (RDSS), targeting the deployment of 250 million smart meters by 2025, it said. These advanced metering solutions are designed to enhance operational efficiencies, reduce aggregate technical and commercial losses, and bolster the financial sustainability of India's power distribution companies ...

Ashwini Vaishnaw unveils major infra, IT initiatives at Advantage Assam 2.0

Union Minister of Railways, Electronics & Information Technology, and Information & Broadcasting, Ashwini Vaishnaw participated in the Advantage Assam 2.0 Investment and Infrastructure Summit held in Guwahati and announced several key initiatives and projects aimed at accelerating the growth of the railway and IT industries in the region.Highlighting the government's commitment to enhancing infrastructure and industrialization, Vaishnaw described the North East as the "New Engine" for India's development. He unveiled plans for a new semiconductor plant in Assam, reinforcing the state's growing role in electronics and semiconductor manufacturing.Additionally, he announced that Guwahati Railway Station would be transformed into a new IT hub, further strengthening the region's digital infrastructure.The Minister underscored the government's success in constructing 1,824 km of new railway tracks in Assam and the North East since 2014. He also noted the commissioning of two ...

CAG reports to be tabled today; Delhi CM house, Mohalla clinics under lens

CAG reports will highlight alleged issues in the renovation of the Chief Minister's residence and Mohalla clinics under the earlier AAP government

India's differentiator in realty is vibrant work ecosystem: Neil Murray

Murray shared his insights on the country's growing commercial real estate sector

India's GDP growth likely rebounded to 6.3% in Q3 on govt spending: Survey

Curb in infra spending due to elections dragged growth down to 5.4 per cent in July-September, well below the 8.2 per cent average last fiscal year

Uttarakhand govt presents Rs 1 trn Budget; focuses on infra, innovation

Uttarakhand Finance Minister Premchand Aggrawal on Thursday presented in the assembly over Rs 1-lakh-crore budget for 2025-26 with an emphasis on innovation, agriculture, connectivity and infrastructure development. The total budget size has been increased by 13 per cent compared to budgetary allocation of Rs 89,000 crore for the current fiscal. Chief Minister Pushkar Singh Dhami said that He said this the budget is based on the Prime Minister's basic mantra 'Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayas' and it will prove to be a milestone in the development of Uttarakhand. "We have prepared this budget keeping in mind the comprehensive framework of ecology, economy, sustainable and inclusive development as well as technology and accountability," Dhami told reporters after the budget presentation. He said that in this budget, a venture fund has been set up which also includes riverfront development plan, operation of electric buses and establishment of a sports ...

Nepal's US-backed infra plan in jeopardy as Trump freezes foreign aid

The $500 million grant was earmarked for critical infra projects, including a 320 km electricity transmission line to facilitate energy exports to India and improvements to Nepal's road network

Modi govt prepared roadmap to build 'Viksit Bharat' by 2047: Mandaviya

Union Minister Mansukh Mandaviya on Saturday blamed previous governments for missing the opportunity to develop infrastructure for boosting economic expansion, saying the Modi government has prepared the roadmap to achieve the Viksit Bharat@2047 goal. This assumes significance in view of India's ambitious goal of achieving the target of a fully developed nation in 2047 when the country will be celebrating 100 years of independence. Speaking at The Times Group's ET NOW Global Business Summit (GBS) 9th Edition, Mandaviya said that many trains (opportunities to push economic growth) came and went but the country was not ready with its luggage and ticket (roadmap for development) at the right time. The minister, who holds the portfolio of Labour and Employment and Youth Affairs and Sports, was referring to the absence of a clear-cut roadmap for development, especially infrastructure, commensurate with the need of the hour to keep pace with changing times for achieving high economic ...

Dilip Buildcon's Q3 FY25 results: Profit rises 7.4% to Rs 115.3 crore

The company's revenue from operations declined by 9.98 per cent YoY

JSW Group's Sajjan Jindal unveils Rs 1.2 trn investment plan for Karnataka

Karnataka continues to be JSW's karmabhoomi with major expansions in steel, energy, infrastructure, cement, and paints

Infra financing not an issue; need to increase project pipeline: NaBFID MD

The government has acknowledged the need for this product and made the Budget announcements. Concurrently, we have been working on developing the product, said NaBFID MD

Rapido proposes Rs 150 cr investment in mobility, infra segment in Bengal

Ride-sharing platform Rapido has proposed to invest Rs 150 crore in the mobility and infrastructure segment in West Bengal with majority of the investment expected to go into urban mobility, the company said on Thursday. Announcing the signing of an initial pact with the state's transport department to this effect, Rapido said as part of the partnership it will introduce a dedicated fleet of pink-coloured two-wheelers and four-wheelers, driven by women captains, ensuring a secure and comfortable experience for female passengers under its Pink Mobility Initiative, a programme designed to provide safe and reliable commuting options for women. Currently, executing 1 lakh rides per day across Bengal, Rapido's operations have become an integral part of daily commuting in the state, the company said. "As part of this collaboration, Rapido will invest Rs 150 crore towards key initiatives focused on electric mobility, women's safety in transportation, and road safety awareness. A significan

Two-thirds of sectoral indices still a premium to 10-year averages

Among the sectors commanding the highest premiums are infrastructure, utilities, and consumer durables