Retirement fund body Employees' Provident Fund Organisation (EPFO) will park more funds in public sector bonds to boost infrastructure development programmes and continue to invest in equities, Union Labour Minister Bandaru Dattatreya said.
Tag: infrastructure
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Master plan for port-based manufacturing zone
Odisha state government has initiated the task of preparing the master plan for developing a port based manufacturing zone at Dhamra.
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India plans to invest $120 billion in airport infrastructure: President
India is planning to invest over $120 billion in the development of airport infrastructure and aviation navigation services over the next decade, said President Pranab Mukherjee
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Ramboll India awarded quality audit assignment for Rapid Metro Phase-II
Ramboll will undertake the quality audit of the different civil and track structures such as the viaducts, stations and maintenance depot developed for the Phase-II of Rapid Metro.
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KPMG Statement Budget reaction – Renewable and Overall ENR
The increase in coal cess will improve relative attractiveness of renewables, but increase the overall cost of power for utilities by approximately 10,000 crores, thus impacting retail tariffs and utility financial health.
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Implications on infrastructure
The amount of Rs.800 cr budgeted for ports and inland waterways appears to be below the potential of these sectors. The Union Budget 2016-17 lists infrastructure among one of the four priority areas.
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On the road to growth
The Budget has tried to address infrastructure financing issues by announcing deepening of the corporate bond market and allocation of Rs.25,000 crore towards recapitalization of public sector banks.
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In a 100m-dash, roads and rail are about 40m ahead and you are still putting more into them.
Amitabh Verma, Chairman, Indian Waterways Authority of India (IWAI), tells Rouhan Sharma India has no option but to develop its waterways infrastructure to keep pace with the needs of a growing population and a developing economy.
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IWT has suddenly become doubly meaningful.
Sumit Banerjee, former Vice Chairman, Reliance Cement and MD&CEO, ACC Ltd, tells Rouhan Sharma it is only a matter of time before companies evince more interest in waterways for competitively transporting goods.
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At last, a Budget for the villager?
quite like the manufacturing and services sectors depend on quality of infrastructure for their competitiveness, our agriculture also will be able to make a difference