Projects

DPR on 21 NH under various stages Thirteen 328-km road projects, costing Rs.8,957 crore, are to be awarded in Telangana while three 192-km projects, worth Rs.2,339 crore, are underbidding, Road Transport and Highway Minister Nitin Gadkari said during the virtual...

Asoknagar-1: a milestone under Early-Monetization Plan The Government is committed to “fully support” ONGC to make a turning point to bring more oil and gas from the subsurface of West Bengal and help to bring a new phase of prosperity...

PM enumerates steps for deepening the financial markets The Government has repealed as many 1,500 laws in the last six months as India has made up its mind and is committed to reforms in rules and regulations, Prime Minister Narendra...

KG D6 projects to improve India’s energy mix Reliance Industries Limited (RIL) and bp have started producing gas from their ultra-deep-water R Cluster, which along with Satellites Cluster and MJ project, is expected to meet ~15% of India’s gas demand...

Tripura improving urban services and tourism infrastructure The Asian Development Bank (ADB) is providing a US$4.21 million project readiness financing (PRF) facility for the preparation of infrastructure development projects to improve urban amenities and develop tourism infrastructure in the northeastern...

Project to rationalize unmetered power The Asian Development Bank (ADB) has signed a US$300 million loan to support the upgrade of rural power distribution networks to provide reliable electricity supply to consumers in Uttar Pradesh. “The project will establish separate...

Haldibari-Chilahati train commences service The Prime Ministers of India and Bangladesh have directed their officials to expeditiously conclude the ongoing joint study on the prospects of entering into a bilateral Comprehensive Economic Partnership Agreement (CEPA). The directive was given after...

POWERGRID implements project for the NER States The Cabinet Committee on Economic Affairs has approved the Rs.6,700 crore Revised Cost Estimate (RCE) of the North Eastern Region Power System Improvement Project (NERPSIP) on 16 Dec 2020. This is a major...

Post COVID-19 economic shocks to manifest differently in heterogeneity India The World Bank has signed a US$400 million project to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic. This...

NDB’s timely assistance for combatting the economic disruptions New Development Bank’s (NDB) US$1 billion loan, signed on 16 Dec 2020, will support expenditures on rural infrastructure related to natural resource management (NRM) and rural employment generation under the Indian Government’s...