Though the Centre has chalked out ambitious infrastructure plans, a multi-rate GST, and the DND toll cancellation issue, may dampen the spirit of the infra industry. Union Minister for Road Transport and Shipping Nitin Jairam Gadkari´s well laid out plans to kick start an infrastructure boom in India
Tag: Real estate
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Mandaviya takes over as MOS
Mansukh Lal Mandaviya has assumed the charge of Minister of State, Ministry of Road Transport & Highways and Shipping from July 11, 2016. He is a BJP MP (Rajya Sabha) from Gujarat.
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Brookfield to buy out RInfra´ road assets
Brookfield, the world´s second biggest manager of alternative assets like real estate and private equity from Canada, has emerged as the frontrunner to take over the entire portfolio of 11 road projects of Reliance Infrastructure for an enterprise value of Rs.8,000 crore.
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Investments in AIFs to get a boost on RBI notification
Alternate Investment Funds may soon be flush with money after the RBI notified that NRIs and foreign portfolio investors (FPIs) will be allowed to invest and trade in this category of funds.
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RBI approval to set up a subsidiary for real estate of SBI
State Bank of India (SBI) has received in principle approval from RBI to set up a subsidiary that will manage the real estate of the government owned bank.
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Rational expansion of electricity consumption
India´s low per capita electricity consumption, which currently stands at less than 1,000 kWh per annum, has been a subject of debate and consternation. The situation is likely to undergo a change, but it is imperative to set rational goals in this regard.
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GST will be a game changer
India is a burgeoning economy and is emerging as one of the world´s leading markets. It expects to sustain strong growth over the coming years and strives to become one of the top three economies in the world by the middle of the century.
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Brookfield may invest $1bn in GVK
Brookfield Asset Management, one of the world´s largest investors in infrastructure and real estate
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SEZs in Limbo
In order to push the growth engine of the country, the National Democratic Alliance (NDA) Government has taken the initiative of pushing the country´s manufacturing sector through the ´Make in India´ campaign.
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Post-Budget Impact Assessment
Increase in effective rates of additional duty of excise/customs levied on petrol and high speed diesel oil from Rs 2 per litre to Rs 6 per litre.