Increase in effective rates of additional duty of excise/customs levied on petrol and high speed diesel oil from Rs 2 per litre to Rs 6 per litre.
Tag: Construction
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´Ease rules for TAPI project´
With the construction of the $10 billion TAPI pipeline stuck for want of a credible operator, India has pressed Turkmenistan to relax its domestic law to help get an international firm for building the project.
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Piramal to invest Rs.5,000 crore in realty projects
Piramal Fund Management plans to invest up to Rs 5,000 crore over the next one year to finance construction projects, a top company executive said. The fund has already invested in nine realty projects through construction finance proposals totaling Rs 1,100 crore in the last three months.
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Govt may fine road agencies for mishaps
Road owning agencies and those involved in designing, implementation and maintenance would have to cough up Rs 1 lakh for any death in a crash due to the road condition.
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Mah Govt scraps Rs.60 cr rural infra projects
Maharashtra state rural development department has shelved infrastructure projects costing Rs 60 crore in the hinterland. The construction of roads, drains and other basic amenities in rural areas at the zilla parishad-level were proposed by elected representatives under a special projects scheme between September 4 and 6 last year.
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Nepal asks India to halt road project
Nepal has urged India to stop the construction of road parallel to the Nepal-India border as it could trigger floods on the Nepali side during rainy season
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Airport, Metro projects will add Rs.1,450 crore to GDP
According to the audit by the National Council of Applied Economic Research (NCAER), big-ticket projects of airport-related infrastructure and Mumbai Metro will contribute Rs 1,450 crore in income to country´s gross domestic product during the entire construction phase (2014-15 to 2018-19).
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Gazing into the Big Budget
The industry estimates that falling crude oil prices, lower fuel subsidies along with recent diesel tax hikes could together add almost Rs 1.1 trillion to the Union Budget. And with the government planning to spend about $8 billion of that on infrastructure and manufacturing activities, the infrastructure sector is looking at a brighter year ahead.
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There´s a need to create a pool of professionals
The focus should heavily be on skilling, re-skilling and up-skilling of labour resources. In order to grow and make campaigns like ´Make in India´ a success, the industry needs access to talent that is ´job ready´-talent that needs minimal or no training when recruited for a particular role.
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L&T wins Saudi Aramco order
L&T Construction, through its fully owned subsidiary L&T Saudi Arabia LLC, has bagged an engineering, procurement and construction order from the Saudi Arabian Oil Company (Saudi Aramco).