In a decision whose significance will play out over time, the Modi government made it easier for India to accept bilateral aid from foreign countries, hoping it would attract investment in infrastructure and boost the Ă´Make in IndiaĂ´ project. India will now accept assistance from countries other than the five on the official list
Tag: infrastructure
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IR, Raj govt to form JV for infrastructure development: Prabhu
The Railways Ministry is looking at forming a joint venture with the Rajasthan Government for developing rail infrastructure in the state, Union Minister Suresh Prabhu said.
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Infrastructure project budgets may exclude land cost
The government could soon give the go-ahead to excluding the cost of land while computing the total cost of infrastructure projects, a measure that will allow more ministries to clear their own projects without going through the time-consuming process of seeking the approval of the Cabinet Committee on Economic Affairs.
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Keen to scale up investments: PM
PM Narendra Modi said rupee bonds to fund infrastructure projects will be launched in countries like Singapore. Ă´We are keen to scale up investments in next generation infrastructure including digital networks and clean energy,Ă´ he said.
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AMRUT Action Plans for 81 cities
Tamil Nadu, Madhya Pradesh, Jharkhand, Odisha and Mizoram to improve water supply and sewerage network infrastructure under the Atal Mission.
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New e-way sectors to get infra boost
The Noida Authority has started working on several projects that they hope will give a boost to infrastructure in newly-developed sectors along the Noida-Greater Noida expressway. This includes connecting Faridabad and Greater Noida. It has also reviewed all projects along the expressway.
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GSIDC to put Panaji on Ă´Smart CityĂ´ map
Even as the Smart City proposal is finalised, the corporation of the city of Panaji unanimously approved the proposal to allow Goa state infrastructure development corporation to go ahead and prepare the service level implementation plan for the Union ministry of urban developmentĂ´s Atal mission for rejuvenation and urban transformation (AMRUT) scheme.
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Greening infrastructure for healthier cities
Recent discussions in media and academia on the status of the Green Belt around Bangalore, in the revised Master Plan for 2031, indicate that better options for keeping adequate green components in urban systems are needed.
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Madhucon sells Agra-Jaipur expressway project for Rs.248 cr
Hyderabad-based infra player Madhucon Projects has sold its 100 per cent stake in Madhucon Agra- Jaipur Expressways Ltd (MAJEL) to Singapore-based Cube Highways and Infrastructure for Rs.248 crore.
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EPC contractual issues
One of the major costs in an infrastructure project is the tax cost that a project has to bear on account of various indirect taxes, viz., the value added tax, works contract tax, service tax and many other similar taxes. Typically, in most of the infrastructure projects, the owner awards a turnkey contract to one party known as the engineering, procurement and construction (EPC) contractor.