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Gazing into the Big Budget

Gazing into the Big Budget

The industry estimates that falling crude oil prices, lower fuel subsidies along with recent diesel tax hikes could together add almost Rs 1.1 trillion to the Union Budget. And with the government planning to spend about $8 billion of that on infrastructure and manufacturing activities, the infrastructure sector is looking at a brighter year ahead.

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Modi takes over port project NSAC

Modi takes over port project NSAC

Prime Minister Narendra Modi will soon be heading another body, a port infrastructure development initiative-National Sagarmala Apex Committee (NSAC). The PM´s committee is expected to oversee a company, Sagarmala Development Company (SDC) with the Shipping Minister as its Chairman and the Shipping Secretary as the Co-chairman.

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Rs.5.7 lakh cr for stalled projects

Rs.5.7 lakh cr for stalled projects

The Planning Commission has told Prime Minister Narendra Modi that additional funds of Rs 5.7 lakh crore will be required to complete 738 Central projects in various infrastructure sectors. Almost Rs 5.6 lakh crore has already been expended on these projects.

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Maharashtra puts port projects on fast track

Maharashtra puts port projects on fast track

Maharashtra Chief Minister Devendra Fadnavis has pushed two big port projects in the State. He is committed to investing in a railway connection for JSW Steel´s Jaigad port and laid a foundation stone of the much-delayed private port.