Keeping in mind the acute infrastructure deficit that has traditionally plagued the country, Finance Minister Arun Jaitley has said that he sees a ¨lot of investment¨ coming into the sector over the next few years.
Tag: Arun Jaitley
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Post GST, Maharashtra will be the biggest beneficiary
To be honest, at present, it is highly impossible to share any revenue losses and it is not correct on our part to share these numbers without any ground study. Now, you have to consider a couple of factors before we come out with the figures.
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RB Infra plans to raise Rs.6,000 crore through InvITs
In what could be the first fund-raising exercise through Infrastructure Investment Trusts (InvITs), toll road builder IRB Infrastructure Developers is planning to raise Rs.5,000-6,000 crore and is expected to file the draft red herring prospectus (DRHP) within a month.
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RB Infra plans to raise Rs 6,000 crore through InvITs
In what could be the first fund-raising exercise through Infrastructure Investment Trusts (InvITs), toll road builder IRB Infrastructure Developers is planning to raise Rs 5,000-6,000 crore and is expected to file the draft red herring prospectus (DRHP) within a month.
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Revisiting Dispute Resolution Mechanisms
The private sector brings with it the benefit of private funding of the projects and efficiency of operations. ´Public-Private Partnership´ (PPP) has been a relatively flourishing model for infrastructure development in India.
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7th Pay Commission | Rs.24,325-crore impact on railways
The Cabinet´s nod to the recommendations of the Seventh Pay Commission would create an impact of Rs.24,325 crore on the Indian Railways (IR) in the current financial year.
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CCEA approves three major highway projects across the country
The Cabinet Committee on Economic Affairs has given its approval to three major highway projects. Briefing the media in Delhi, Finance Minister Arun Jaitley said that the government has given its nod to the four-laning of the 80 kilometre long Phagwara-Rupnagar section of NH-344A in Punjab at a cost of Rs.1,444 crore, in Hybrid Annuity Mode.
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Private participation likely in modernisation of state-run ports
Drawing from the experience of the aviation and highways sectors, the Shipping Ministry is looking at modernising state-run sea ports with private sector support as a first step.
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Cess to boost regional flights may push up air fares
A cess of Rs.8,000 on each domestic flight could be the alternative to the aviation ministry's proposed 2 per cent surcharge on flight tickets to fund regional connectivity.
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ADB to up lending to India for infra
Asian Development Bank (ADB) said it supports India's commitment to build more infrastructure and will increase its lending to $10-12 billion till 2018. ADB President Takehiko Nakao met Finance Minister Arun Jaitley and praised India's strong economic performance in the face of weak global growth.