The rupee's depreciation is set to hit infrastructure sector projects dependent on international market borrowings and imported equipment in a big way.
Category: ECONOMY & POLICY
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Japan promises aid for infra development
India and Japan have decided to enhance the earlier bilateral currency swap arranÂgement to $15 billion from the current $3 billion. A joint staÂtement, issued after official level talks between the Prime Minister, Dr Manmohan Singh, and his Japanese counterpart Yoshihiko Noda expressed the hope that this enhancement will further strengthen financial cooperation.
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Gemini's 4G gear plant
Gemini Communications is exploring the option of setting up a plant in India for manufacturing of 4G (fourth generation) equipment through its subsidiary company PointRed.The setting up of the plant will depend on a favourable government policy on the 4G rollout and access to low cost capital.
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Local self-government vital in maintenance
NABARD’s RIDF has disbursed Rs 1 lakh crore towards rural infrasÂtrucÂture including roads, but as CK Gopalakrishna, the bank’s Chief GeneÂral ManÂager & Chief Vigilance Officer, tells Janaki Krishnamoorthi, underperÂforÂmance of the assets is a worry.Government of India anÂnouÂnced in 1995-96 the scheme for setting up a fund to be operationalised by NABARD.
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Maintenance incentive & community involvement will be checks and balances
Uttar Pradesh, one of the four states that enjoyed a slice of the World Bank aid totalling nearly $1.9 billion, has built 39,568 km of rural roads since the inception of PMGSY. Sanjeev Kumar, Commissioner, Rural Development, tells Shashidhar Nanjundaiah why there is a need for community monitoring systems.
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Indian and foreign cos keen on MTHL
Prospective consortiums involving more than 50 companies, Indian and international, showed up for the Mumbai Trans Harbour Link (MTHL) project pre-qualification-bid meeting. They appreciated the way MMRDA has been showcasing and addressing the all critical MTHL.T
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Nod to infra projects
Infrastructure projects worth over Rs one lakh crore are likely to get regulatory clearance from the government this month.
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Four mega infrastructure projects in Kerala
The State Government has taken up on itself the challenge of pushing four major projects simultaneously on the infrastructure front, according to the Chief Minister, Oommen Chandy.
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At the helm of global association
Ajit Gulabchand, Chairman & Managing Director of Hindustan Construction Company (HCC), who is also the Past President of Builders Association of India (BAI), has been elected President of the International Federation of Asian & Western
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Work on Freight Corridor
The Dedicated Freight Corridor is back on tracks with funding for the country's biggest infrastructure project tied up and more than half the land needed acquired.