Projects

New technologies: 'MetroLite' and 'MetroNeo' A new Rs.18,000 crore scheme will be launched to support augmentation of public bus transport services in Urban Areas by facilitating deployment of innovative PPP models to enable private sector players to finance, acquire, operate...

Sitharaman announces a policy of strategic disinvestment The government aims at making use of an estimated Rs.175,000 crore receipts from disinvestment proceeds in BE 2021-22 to finance various social sector and developmental programmes and also to infuse private capital, technology...

Housing got a big boost The healthcare got the highest priority in resource allocation and policy support including Rs.64,180 crore outlay under the Prime Minister Aatmanirbhar Swastha Bharat scheme from the Union Budget 2021-22 presented by Finance Minister Nirmala Sitharaman...

Govt to provide $26bn incentives through PLI India needs substantial investments to the tune of US$260 billion every year to meet its sustainable development goals (SDGs) by 2030, said Amitabh Kant, CEO, NITI Aayog, assuring that the national institution is...

Indo-French Environment Year launched India can motivate many many countries in the field of sustainable development, said French Minister for Ecological Transition Barbara Pompili who launched the Indo-French Year of the Environment in New Delhi on 28 Jan 2021. She...

DIAL to seek Rs.20bn lease financing Delhi International Airport Ltd (DIAL) has invoked a force majeure clause owing to the pandemic, allowing it to benefit from an interim stay on high revenue share payments to Airport Authority of India (AAI),...

PM Modi explains to global business leaders at WEF The Indian Government has invested US$150 billion in urban development during 2014-20 and is focused on sustainable urbanisation such as ease of living, ease of doing business and climate sensitive development,...

Boost to infrastructure spending would kindle demand for infra-focused NBFCs The public sector banks (PSBs) capital requirements would rise on account of the estimated Rs.23,000 crore Additional Tier I (AT-I) bonds where a call option would fall due next year,...

Credit quality of India Inc has experienced rapid changes The outlook on India's infrastructure-related sectors viz., Roads and Ports is Stable. Growth in toll collections and higher cargo growth, respectively, will drive these sectors’ profit and revenue growth, ICRA Review...

Goyal reviews work progress of bridges and tunnels The iconic 1,315-m Chenab Bridge at a height of 359-m above river bed will be the highest railway bridge in the world when completed in March 2021 as part of the 272-km...