Asian Development Bank (ADB) and the Indian government have entered a $300 million loan to help expand rural connectivity and boost the rural economy in Maharashtra.Additional funding for the Maharashtra Rural Connectivity Improvement Project will help improve 1,100 rural roads and 230 bridges in 34 districts, totalling 2,900 km.
The telecom sectorÂ´s contribution towards non-tax revenues of the Indian government in the current fiscal is likely to be the highest in the past five years due to the mega spectrum auction, which is likely to take place in September this year, ICRA said.
One has to look back a few years for proper perspective. Once power generation was de-licensed after The Electricity Act 2003, there was a boom in the sector. People started coming into power generation in a big way, both coal-based and coastal.
Urban settlementsÂ´ access to a reliable water supply is improving, as is the quality of the water supplied. However, there is still a great deal more to do. The World Bank estimates that 21 per cent of communicable diseases in India are related to unsafe water.
Having observed the new governmentÂ´s working and measures taken to boost the economy and push growth, how will this change the scenario as the political party at the Centre galvanises the industry in the short, medium and long term? Infrastructure is one of the top priorities for the Indian government.
For construction of roads along the China border, Indian government has identified as many as 73 roads as strategically important. Out of the 73 roads, 19 roads measuring 440.74 km are in Uttarakhand, Union Defence Minister A K Antony told the Lok Sabha on December 17.