The infrastructure investment will reach 8.37 per cent of GDP in the terminal year of the 11th Plan (2011-12). Net bank credit to infrastructure has increased by 59 per cent over previous year. However, total FDI inflows during April-November 2010 were 26.67 per cent lower compared to the inflows during the same period in the previous year.
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Budget Reactions 2011
Service tax exemption of 25 per cent from taxable value is being provided to services of transport of coastal goods and goods transported through national waterways or inland water with no CENVAT credit of taxes paid on inputs, input services and capital goods. The effective service tax rate is 7.725 per cent.
All that shines
As it has been reported in the media, more than half of our country’s infrastructure projects are running overtime, and PPP projects are delayed more than EPC projects.
Look what's not moved: The Bill on the biggest immovable
Political expediency seems to be hijacking our land acquisition laws. On the one hand, Uttar Pradesh and Gujarat have declared that acquisition can only occur by consent, and the Land Acquisition Act will not be invoked.
There is a large gap in demand over supply of bank credit among bankable and viable projects
As the leader in a consortium lending to the Vizhinjam Seaport, State Bank of Travancore (SBT) will play a major role in Kerala’s industrialisation.
EPC gives scope to value engineering and project cost optimisation
The Engineering, Construction and Contracts (ECC) Division of L&T, whose major activity is under EPC, has a claim to be the largest construction and EPC company in the country.
Vox Pop: Structure eludes waste management
Municipal solid waste (MSW) is in its nascent stages in India, but offers opportunities to private participants.
IndiGo order: The best laid planes
IndiGo made history in the world of commercial aviation with the largest single firm order for big jets ever placed, but says it has not decided how it will finance the deal.
Municipal Solid Waste: Solid initiative needed
The municipal solid waste management (SWM) industry has huge opportunities to grow healthily under PPP mode, but most of our cities are not aware of how.
Expertspeak: An urban disposable asset called garbage
Cities in India are in blatant violation of MSW 2000, the basic rulebook for managing municipal waste. Dr Amiya Kumar Sahu, who was instrumental in framing the rulebook, tells us why garbage is a viable proposition.