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Don’t miss the latest developments in business and finance.
Udan levy on airlines to double from Jan due to inflation, route expansion
The official added that a 20 per cent contribution from state governments to the regional connectivity fund had been factored in while proposing the hike
NHAI violated contract sanctity, gave concessionaires undue perks: CAG
The top auditory body found that concessions in 20 projects led to deferments of Rs 9,296 crore premium payable to NHAI between 2014 and 2019
Cabinet expands viability gap funding by Rs 2,100 cr for social sector
VGF is given to PPP projects and has been limited to economic infra so far; some Rs 6,000 cr would be given for such initiatives as VGF till 2024-25
Cabinet approves revamped VGF scheme with outlay of Rs 8,100 crore
The earlier VGF scheme was limited to projects concerning economic infrastructure
Viability Gap Funding to support infra projects worth Rs 2,750 cr in FY18
VGF of up to 20% of the total project cost is provided under this scheme
