The Indian engineering, procurement & construction (EPC) projects to defence multinational, Larsen & Toubro (L&T) launched the seventh and final offshore patrol vessel (OPV) for the Indian Coast Guard (ICG) today at its Kattupalli defence shipyard, north of Chennai.

Secretary, Ministry of Housing and Urban Affairs, (MoHUA), Durga Shankar Mishra has said that the real estate sector was one of the most important sectors of the economy and the government is keen on infrastructure investment as it helps in the revival of the economy.

MYPINPAD, the global leader in secure personal authentication solutions on Tuesday announced new strategic partnerships with Mswipe, the country’s largest independent mobile POS merchant acquirer and network provider, and the world’s leader in digital payments, Visa, to propel contactless payments in India.

Together with technology, people and credible data, APM 4.0 is increasingly becoming central to the success of industrial and infrastructure firms.

This especially included the transmission of the repo rate cuts to consumers in terms of reduced interest rates.

Nearly $1.4 trillion investment is needed for infrastructure development in India. The revival and strong performance of the infra sector is key to achieve the ambitious target of $5 trillion economy set by Prime Minister Modi for 2025. By MANJU YAGNIK

In his fifth public address ever since the country’s announced the world’s largest lockdown to contain the COVID-19 pandemic on March 24, Prime Minister Modi gave a clarion call for a ‘Self-Reliant India’ as well as outlined five pillars of the economy, infrastructure, system, demography and demand on which this would be based.

Research and advisory firm CRISIL, has revised its growth outlook for India in FY2021 down to 1.8 per cent, from the 3.5 per cent estimated earlier, factoring the nationwide lockdown to stem the Covid-19 pandemic.

Further extension of the nationwide lockdown by Prime Minister Narendra Modi till May 3 is going to weigh on the economy.