B Telecom operators have committed to invest Rs.12,000 crore within the next three months to install 60,000 towers and put an end to the mobile call drop menace. Major companies were called in by the Department of Telecom (DoT) to discuss the issue and improve service quality.
Category: Infrastructure Finance
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Digital Payment Systems
Banks and financial institutions in India are poised to leverage the benefits of technology, and mobile devices, to increase their presence in under-banked sectors in India, without needing brick and mortar structures.
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Developers will be able to get rid of their excess baggage
We are almost there both with REIT and InvIT. They have been in the pipeline for quite some time. The government has taken the initiative to come out with proper SEBI regulations, which itself is the very first step towards REITs and InvITs.
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Addressing Infrastructure Financing Needs
After liberalisation, the government´s primary focus was on reducing the fiscal deficit to restore macroeconomic stability, reforming trade and exchange rate policies and liberalising foreign investment policy. Infrastructure was never a growth constraint in the short term, considering the low utilisation of the existing infrastructure then.
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Tripura opposes 50-50 ratio of funding
Tripura Urban Development Minister Manik Dey has asked the Union Urban Development Ministry to comply with the decision to allocate funds on 90:10 ratio for implementation of the Smart City project in the city
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Airtel completes Rs.4,428 cr deal with Videocon Telecom
Bharti Airtel has said that it has completed the Rs.4,428 crore deal with Videocon Telecommunications Ltd (VTL) to acquire the latter´s spectrum in six circles. In March, Bharti Airtel and VTL had entered into a definitive agreement, wherein, Airtel proposed to acquire the rights to use 2X5 MHz spectrum in the 1800 MHz band allotted to VTL for an aggregate consideration of Rs.4,428 crore.
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Highways Min eyes ´masala´ bonds to fund road projects
The Road Transport and Highways Ministry and its road building arm, NHAI, are weighing the option of raising money through ´masala bonds´ as road construction activity gathers pace.
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Jharkhand 10th highest receiver of FDI
Proving itself as a major emerging investment destination, Jharkhand has been ranked as the 10th highest receiver of Foreign Direct Investment proposals in the year 2015, in a ranking of top FDI earning states in India and China.
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We need an integrated approach towards capacity addition, hinterland connectivity
For a country of Indias size and complexity, where 95 per cent of trading by volume and 70 per cent by value is done through sea, it is very important to develop a sustainable maritime transportation system for economic growth and inclusive development.
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Rel Infra looks to divest toll road assets by Sept
The Anil Ambani-led Reliance Infrastructure Ltd. is contemplating selling its 11 toll road assets to an overseas buyer for $1.5 billion. The company revealed that the deal would go through by September 2016.