Pratap Padode, Founder, FIRST Construction Council decodes what the finance minister has planned for infrastructure and development. Finance Minister Nirmala Sitharaman continued the thrust on infrastructure as she announced a capital expenditure outlay of ₹10 trillion for the financial year 2023-24. This would be a 33% increase from the CAPEX allocation announced in the previous...
Tag: Finance Minister Nirmala Sitharaman
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Residential real estate demand infused by upcoming infra projects
Infrastructure is always a key driver for the real estate segment. With Finance Minister Nirmala Sitharaman’s announcement on the government’s intention to spend Rs 102 lakh crore on infra projects in the next five years, this is a great opportunity for developers to study new markets and take advantage of locations that offer promise. Infrastructure...
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NaBFID Financing for the Future
So far, the Central Government has made all the right moves as it goes about setting up the National Bank for Financing Infrastructure and Development (NaBFID). But will the newly created entity be able to deliver on its mandate of developing a robust financing ecosystem for the infrastructure sector once it gets operationalised? The Central...
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Govt Focus on Mitigating Cash-Flow Stress and Reducing Theft
Power Distribution Reforms Even as the Centre puts in place a strategy to bring in efficiencies, energy sector observers believe that states will play hardball because electricity comes under concurrent list and state governments play an active role. In the backdrop of distribution companies’ dues having touched an all-time high and showing no signs of...
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EPC Industry is Calibrating to a New Normal
Immense opportunities for growth will emerge in 2021 for the EPC industry globally and India, predicts AK Tyagi, Chairman & Managing Director of one of the leading homegrown players in project engineering and turnkey contracting, Nuberg Engineering. As part of its efforts to enhance its offerings in green products manufacturing, the Noida-based company is presently...