The Cabinet has relaxed norms for foreign direct investment (FDI) in construction development to make the sector more attractive for overseas investors.
Category: ECONOMY & POLICY
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Pvt banks lower interest rates for corporates
Banks are tweaking interest rates on loans to the corporates of India. On a selective basis, depending on the tenure or security of the loan, banks, especially in the private sector, are tweaking rates to suit the demands of corporates.
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DSIR project to get new thrust
Significant developments is expected shortly in the Dholera Special Investment Region (DSIR) as the Delhi Mumbai-Industrial Corridor Corporation (DMICDC) Trust, the Government of India´s nodal agency for the execution of the DMIC project has agreed to pump in Rs 3,000 crore for infrastructure development at the SIR, mainly for flood control in the area.
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India to grow at 8-9 per cent
According to the Union Finance Minister Arun Jaitley, India has the capacity to grow at 8-9 per cent and good governance would make economic expansion ´more exuberant´.
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Delhi public transport cheapest in world
The Capital has emerged as the most affordable city in terms of urban transport among 60 cities across the globe in a survey done by GoEuro
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Bharti Infratel plans to acquire Idea, Vodafone towers
Bharti Infratel is looking at the option of taking over the telecom towers of Vodafone and Idea Cellular in India at a valuation of Rs 5,000 crore.
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Rich Experience
MC Kini is the Chief Executive Officer for Dalmia Cement Bharat Limited in the North East. He additionally handles the CEO positions at Dalmia Bharat Enterprises´ (DBE) two other notable investments including Adhunik Cement Ltd.
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Industrial projects to get security okay in 12 weeks
Industrial and infrastructure project proposals will get security clearance within 12 weeks as the Home Ministry has streamlined the process by issuing a detailed guideline in this regard.
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PM launches ´Make in India´ initiative
Prime Minister Narendra Modi launched the ´Make in India´ initiative with an aim to give the Indian economy global recognition.
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Centre, States to track projects
The Centre and States have decided to join force to set up a mechanism to fast-track stalled infrastructure projects. The proposed ´joint mechanism´, to be headed by Cabinet Secretary Ajit Seth