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As a special purpose vehicle (SPV), the Indian Railway Stations Development Corporation (IRSDCL) is responsible for executing the largest transit-oriented development (TOD) programme globally for 600 railway stations.
The total length of operational metro projects in India presently stands at about 440 km and is growing. Cities like Bengaluru, Chennai, Gurugram, Kochi, Kolkata, Mumbai, Hyderabad, Jaipur, Lucknow and the Delhi National Capital Region (NCR) where they are already operational, are simultaneously adding on to their existing route networks.
The air travel boom in India has thrown up a new set of challenges before the country's aviation sector. The airport infrastructure needs to be ramped up on priority for the growth momentum to be sustained in the long term.
With over Rs11 lakh crore debt, project investments worth Rs.32.7 lakh crore and cost overrun of Rs14.35 lakh crore is at stake, the current Insolvency and Bankruptcy Code 2016 is a sigh of relief for India's financial institutions.
Sanjeev Sanyal, Principal Economic Adviser, Ministry of Finance, Government of India, recently unveiled the 4th edition of the FICCI-PwC Strategy& India Manufacturing Barometer (IMB) survey, which as in previous years, reveals that India continues to remain an economic bright spot. As per the United Nations, the world economy expanded by only 2.2 per cent in 2016 — the slowest growth rate since the 2009 recession. The outlook for the Indian economy and its core sectors continues to remain upbeat
A committee had been constituted by the Department of Economic Affairs, under the Chairmanship of Ratan P Watal, former Finance Secretary and Principal Adviser, Niti Aayog, in August 2016 to review medium term measures necessary to promote digital payment systems in the country. This Committee on Digital Payments has recommended structural reforms in the payment ecosystem, including amendments to the Payment and Settlement Systems Act, 2007.
Rating agency ICRA Ltd has announced the country’s new credit rating system for the infrastructure sector, in line with the announcement made in the Budget 2016 document.
A Guarantee Agreement for World Bank (IBRD) lending of $650 million to the Dedicated Freight Corridor Corporation of India Ltd for the Eastern Dedicated Freight Corridor