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
Author: admin (Infratructure Today)
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Bihar becomes second state to pass GST Bill
The Bihar Goods and Services Tax (GST) Bill, 2017 has been passed by the stateÂ’s legislature. Bihar has become the second state after Telangana to adopt the new tax regime.
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Centre wants to curb oil imports, will encourage use of alternate fuels
The country is planning to reduce its dependence on oil imports and turn to use of alternate fuels. Fuels like ethanol are already being utilised by a few players in the Indian transportation sector.
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‘Work on Iran’s Chabahar Port is progressing fast’
The work on Chabahar Port in Iran, where India will invest $500 million, is “progressing fast” and the country has already formed a global port company there, according to Union Minister Nitin Gadkari.
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Allcargo Logistics collaborates with CONCOR for rail connectivity solutions
The two logistics players have come together to contribute to the Prime Minister’s vision of ‘Ease of doing business’ by shifting emphasis from road to rail, thereby easing congestion and pressure on road transportation.
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Dilip Buildcon wins Rs 125-crore Goa Airport taxi track project
“The Airports Authority of India (AAI) has declared Dilip Buildcon Ltd, Bhopal, as lowest-1 (L-1) bidder for construction of (a) parallel taxi track and associated civil and electrical works at Dabolim Airport, Goa,” Dilip Buildcon said in a BSE filing.
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Builders in Vijayawada to import cement to combat cartelisation
Alleging that cement companies were engaging in cartelisation, buildersÂ’ associations in Vijayawada have decided to import cement from Sri Lanka, China, Bangladesh, Malaysia and Korea.
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SECL to set up Kusmunda Coal Washery
The company had recorded provisional production of 12 MT against a target of 11.70 MT as of February 2016, according to a BSE filing by parent company Coal India Ltd. Coal India Ltd is looking at a production target of 1 billion tonnes of coal by 2020.
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IRB to raise Rs 4,300 crore through InvIT Fund
IRB InvIT Fund will become IndiaÂ’s first such fund. Currently, IRB has road assets close to Rs 30,000 crore (Rs 19,000 crore are operational; Rs 11,000 crore is under construction).
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Key private airports need Rs 27,000 crore for capacity expansion, says CRISIL
The four major private airports would require an investment of Rs 27,000 crore for expanding their existing capacities — which has reached saturation point, by 2021, according to a recent report. New Delhi, Mumbai, Hyderabad and Bengaluru cater to nearly 55 per cent of the country’s total air traffic.