Stalled projects worth Rs 8.8 lakh crore, or 7 per cent of GDP, are holding up investments in the economy, impacting corporate balance sheets and public sector banks which have extended loans.
Category: ECONOMY & POLICY
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Railway projects covering 9,400 km sanctioned
While last mile connectivity projects continue to be accorded the highest priority, the Railways Ministry intend to fast track the sanctioned works on 7,000 km of double/third/fourth lines and com-¡mission 1200 km in 2015-16 at an investment of Rs 8686 crore.
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NBCC bags order worth Rs.2.31 bn
National Buildings Construction Corporation (NBCC)has secured project management and consultancy (PMC) business of Rs 2.31 billion from IIT, Roorkee. Earlier, the company has been entrusted PMGSY works valued at Rs 12.37 billion in Odisha
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Action Commission needed
So we are at that time of the year again when the Finance Minister will come out with a few carrots and sticks to keep India´s economy chugging along.
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The need of the hour is to make training programs business-oriented
By way of the National Skill Development Council, the government wants to give an extra impetus to technical and vocational education. This philosophy is also very evident by way of wanting to improve employability by promoting the manufacturing sector and the ´Make in India´ campaign.
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Fadnavis urges industrialists to invest in Vidarbha
Maharashtra Chief Minister Devendra Fadnavis has urged industrialists to invest in the Vidarbha region of the State and assured them of his government´s commitment to remove all blockades.
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Firms commit Rs.2-lakh-cr investment in Gujarat
Global and Indian companies have committed themselves to investing a total of about Rs 2 lakh crore and creating more than 50,000 jobs= in Gujarat. Business leaders lined up huge investment commitments, signing 31 memoranda of understanding (MoUs) at the Vibrant Gujarat Summit.
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Panasonic to start acid battery plant
Panasonic will start an automotive acid battery factory in India and is exploring more domestic manufacturing opportunity under the Make in India campaign.
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TRAI proposes new pricing for 2G spectrum
The Telecom Regulatory Authority of India (TRAI) has suggested that the government should collect a one-time fee from operators with 2G spectrum.
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Kerala allows mobile towers on govt land
The Kerala government has decided to allow mobile telecom service providers to set up towers on government land and buildings.