The Asian Development Bank (ADB) and the Government of India signed an $80 million loan agreement to continue improving infrastructure in two North Eastern State Capital cities.
Tag: infrastructure
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India taking steps to address infra woes: Jaitley
Emphasising that India is taking steps to address problems in the infrastructure sector, Finance Minister Arun Jaitley said multiple institutions are required to meet the funding requirements in this space. Arun Jaitley
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Shipyard industry gets infra status
The government has granted infrastructure status to the shipyard industry in a boost to its Make in India initiative. The move is expected to bring down borrowing costs for the industry. At present, companies pay average interest of 14-15 per cent on their borrowings.
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PPP projects 33percentage of total capacity of major ports-CAG
PPP projects have contributed only 33 per cent to toital capacity of major ports up to March 2014, thereby defeating the purpose of the PPP model, CAG has said.
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PSUs should not be treated as an extended arm of the government
The public sector was set up on the premise of economic development with social justice. To build strong infrastructure for the country and to meet social objectives, PSUs were established in backward regions and employed a large number of people ĆĀ¹ 25 lakh people till 1989.
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The stage is set for take-off. ItĆĀ“s time to execute
We have been working with them to put together the investment policy - what should be the objectives, focus, sectors, types of investments and things of that nature. All that has been finalised.
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City infrastructure to be restructured
The Meerut Development Authority (MDA) has plans to restructure the cityĆĀ“s infrastructure to make way for the Meerut Metro, which officials say will be operational by 2022.
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Closing infra gap with China
The shortcomings of IndiaĆĀ“s infrastructure are often lamented. But statistical aggregates suggest that the South Asian nation has caught up to - or even surpassed - China in some respects. In other areas, it is not far behind.
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Happy New Infrastructure!
Clearly, the government had saved the best for the last, with a flurry of policy decisions at the year end. Infrastructure is clearly in for better times in 2016. The year 2015 was generally a positive one for the economy, although bumpy.
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Roads & highways – The road ahead: Challenges and possibilities
While the focus is on sprucing up national and state highways, and rightly so, the government must not forget about city, district and rural roads that need to be upgraded to address the burgeoning traffic.