India's economy will grow by 6.5 per cent over the next four years if there is a decisive mandate in the general elections, CRISIL said. But if there is no clear mandate, the economy could derail further.More than election outcomes,
Tag: infrastructure projects
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Karnataka to revive infra projects
The Karnataka government is planning to revive a slew of infrastructure projects, including high-speed rail network and an international convention centre near Kempegowda International Airport near Devanahalli.
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L&T to construct Doha Metro project
Larsen & Toubro (L&T) has won a Rs 4,510-crore order from Qatar Railways Company for design and construction of the Gold Line of the Doha Metro project. The company has an order book of Rs 1.7-lakh crore and has given an order growth forecast of 15 per cent for 2013-14.
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Infra Insights
Long-term financing is what the Indian infrastructure sector needs to attain the projected growth. And Infrastructure Debt Funds (IDFs), which the government had in 2011-12 fiscal under Finance Minister P Chidambaram allowed to form to step up investment in the infrastructure sector, which requires $ 1 trillion in the 12th Plan.
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PMG clears Rs 5 lakh cr worth projects
The Project Monitoring Group (PMG) set up by Prime Minister Manmohan Singh has cleared Rs 5.1 lakh crore worth of infrastructure projects in less than a year, prompting over a dozen states keen on setting up similar monitoring cell in their respective states.
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Urban projects: Chequered growth
The Cabinet Committee on Investment (CCI), according to latest reports, has unlocked 144 stalled infrastructure projects worth Rs 5.27 lakh crore. But experts don't see this reviving the fortunes of the Indian economy owing to the long gestation period of these projects.
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Bankers are not mere lenders, they should be accepted as partners
Corporates should treat banks as partners, and that will help in solving many problems. MV Tanksale, Chief Executive, Indian Banks' Association, tells Rahul Kamat that with new banks coming in, there will be intense competition
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Advantage infrastructure
A wide range of projects and facilities are granted the status of infrastructure projects under the new Companies Act, 2013. Prachi Manekar elaborates on the benefits from the new Act for the infrastructure projects.
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UP’s 2nd budget of Rs 3,619 cr to fund infra projects
To fund infrastructure projects in the state like Lucknow Metro, Agra-Lucknow Expressway and rural electrification, the Uttar Pradesh government on December 10 tabled the current year's second supplementary budget of Rs 3,619.76 crore. In last September, the State government had tabled the first supplementary budget worth Rs 7,112.39 crore.
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Finance blues will change as macroeconomic conditions change: Experts
Lending to the infrastructure sector expanded at a decent pace of 37 per cent CAGR during FY03-13. Lending to infrastructure sector as a part of overall industrial bank credit rose to 32.7 per cent of in FY13 from 10.6 per cent of FY03. Over the past five years, lending to power sector grew by a faster clip of 34 per cent CAGR.