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The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
The last two decades witnessed highway infrastructure being developed on a massive scale in the country. Now the government has unveiled another huge new highway development programme (covering 83,000 km) under the Bharatmala Pariyojana, which will see a paradigm shift in highway development with focus on improving the efficiency of the national corridor and a long-term view on the highways network.
Thrust in ensuring 24-hour electricity access to all rural households under the Saubhagya and DUGJY schemes is likely to boost energy demand to some extent as well as improve the quality of life for rural households.
Bloomberg announced today that a growing number of India's public sector corporations are adopting Bloomberg's Foreign Exchange electronic trading platform (FXGO) for foreign exchange dealing. The corporations include Gas Authority of India Ltd (GAIL), Rural Electrification Corporation Limited (REC) and ONGC Videsh Ltd (OVL).
It is often pointed out that every rupee invested in ramping up railway infrastructure benefits the economy six times over. Therefore, after languishing for nearly 70 years, modernisation of the sector has been put on the fast track.
Private Equity (PE) in India is still in its nascent stage, accounting for roughly 1 per cent of GDP.
The Cabinet chaired by the Prime Minister Narendra Modi has given its approval to raising bonds worth Rs 2,360 crore for Renewable Energy.
USG Boral, a global leader in building products technology, announced plans to build a new plasterboard plant in South India. The new plant will be operated by its India business unit, USG Boral Building Products India Pte Ltd.