Capital markets regulator Sebi on Monday decided to amend its investment manager eligibility norms for Infrastructure Investment Trusts and also permit fast-track issuance of units to existing investors in REITs and InvITs.
Investment in infrastructure is necessary for the economy, as power shortages, inadequate transport and poor connectivity affects overall growth performance, as per the Economic Survey 2019-20, tabled in Parliament by Union Finance and Corporate Affairs Minister Nirmala Sitharaman.
According to the announcement, six patient welfare committees of district headquarters hospitals in Sambalpur, Deogarh, Angul, Kendrapara, Sonepur, and Santh Bhima Bhoi Medical College of Bolangir will get an assistance of Rs 15 lakh each from the Chief Minister's Relief Fund.
RBI has cut interest rates on every single occasion the multi-member monetary policy committee (MPC) has met since Shaktikanta Das took over as the Governor of RBI in last December.
As many as 355 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.88 lakh crore owing to delays and other reasons
"We have all the 6 brands from the OYO portfolio in Bihar currently - OYO Rooms, OYO Townhouse, SilverKey, Collection O, Capital O, Palette Resorts. In the coming year, we aim to strengthen these partnerships and support the states vision while continuously creating and delivering outstanding opportunities for business growth, fostering all- round socio-economic development for the State and its people", he added.
As part of its goal to become a USD 5 trillion economy by 2024, India plans to spend USD 1.4 trillion on its infrastructure in the next five years, Union Finance Minister Nirmala Sitharaman said on Saturday.
The National Highways Authority of India (NHAI) is on its way to construct about 4,500 km of projects, higher by about 1,000 km than last year's 3,300 km of projects, he said.
India needs to almost double its annual spending on infrastructure at USD 200 billion and the real challenge lies in harnessing private investment, said the Economic Survey 2018-19 tabled in Parliament on Thursday.
Rajnath Singh arrived in Visakhapatnam by a special aircraft on Saturday and held a meeting with the chief minister and officials of the state and district administration. He also reviewed the progress of infrastructure projects, a government release said.
However, it is said the number of delayed projects decreases to 300 if the delay is calculated on the basis of the latest schedule of completion.
The company in a regulatory filing said it will be "challenging" for the management to prepare the financial statements owing to the proposed divestment and restructuring of its group companies, among other reasons.
Maharashtra Chief Minister Devendra Fadnavis Wednesday said the state government would seek a legal opinion on creating a framework for hearing litigations against the projects costing over Rs 100 crore.
Ramesh claimed that eight per cent deaths during 2000-2015 were due to pollution-related ailments, but did not comment on the current pollution crisis in Delhi and the measures taken by the government to combat the effect.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.
The umbrella scheme Border Infrastructure and Management containing 60 projects and with an outlay of Rs 8,606 crore has been approved.
During April-May this fiscal, the eight core industries recorded a growth of 4.1 per cent as against 3.3 per cent in the same period last year.
The growth rate of eight core sectors, which also include fertilisers and steel, was 2.6 per cent in April 2017, according to the data released by the commerce and industry ministry today.
The basic excise duty on unbranded petrol was slashed by Rs 2 from Rs 6.48 per litre and on branded petrol from Rs 7.66 per litre.
While what comes out of Arun Jaitley’s briefcase remains suspense till February 1, here is what the common man expects from the upcoming budget.
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