Page 5 - Infrastructure

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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

Exchanges start walking the line on Sebi's call for data democratisation

Calling data a public infrastructure, Sebi chairperson recently spoke in favour of enforcing free accessibility

India would be $25-trn economy in 25 years: NaBFID Chairman K V Kamath

India is expected to be a USD 25-trillion economy in 25 years, veteran banker and chairman of National Bank for Financing Infrastructure and Development K V Kamath said on Tuesday. NaBFID was set up by the government last year to support the development of long-term infrastructure financing in the country. Kamath also said all the necessary policies and framework related to NaBFID have been done. We are on schedule (that) the government has in mind," he said adding as many as 12 board meetings of the bank have already taken place. "The India that I look forward to, 25 years from now, (will be) a USD 25-trillion (economy)," Kamath said at the Morningstar Investment Conference here on Tuesday. He said the Indian economy is growing at a compound annual growth rate of 8-10 per cent. "The policies, processes and the framework are done. The CEO is in place...We have to start lending now, Kamath said.

Ease of moving

Lower logistics costs will boost output

EV owners fed up with the sorry state of public charging stations in US

According to a report, one out of every five respondents ended up not charging their vehicle during their visit to a public charging station

India at 75: How strong infrastructure holds the key to unlock bight future

Ambitious plans like the bullet train, 5G telecom network, and several more will be instrumental in shaping a better future, covering a major portion of the population

Adani Group to invest $70 bn in green energy, infra: Gautam Adani

Group leads the make India a net exporter of clean energy, says billionaire in speech to shareholders

Britain not built to withstand 40 deg C; infrastructure most likely to fail

Climate change is intensifying heatwaves in the UK, an affluent country with the capacity and resources to adapt to warmer temperatures

Rajasthan CM Gehlot approves Rs 16.5 crore to build 11 stadia in the state

Rajasthan Chief Minister Ashok Gehlot has approved a proposal to build 11 new sports stadiums in the state at a cost of of Rs 16.50 crore.

Nuberg Engineering to build Rs 650 cr SRU project at IOCL's Koyali refinery

Last year IOC had signed an MoU with Gujarat for adding petrochemical and lube plants to its previously announced plans to expand crude oil processing capacity at the refinery

IL&FS approves Siva Shelters's proposal to restructure loan to subsidiary

Siva Shelters offers to pay 20% of settlement amount immediately on signing of agreement

Odisha presents Rs 2-trn budget for FY23 with focus on infra, education

The Odisha government on Saturday presented a Rs 2-trn budget for the 2022-23 financial year in the state assembly with a focus on strengthening infrastructure, developing education and health sectors