Infrastructure projects, infra sector

From giving a boost to capex spending for the infrastructure sector to focusing on urban development schemes, here are the expectations of the experts for infrastructure sector from Union Budget 2023

Economic growth, GDP

In its latest Monthly Economic Review, the Ministry said global economic developments remain complicated in November, and that fiscal and monetary policymakers need to remain vigilant

Infrastructure, construction

The Gati Shakti Mission carries promise, but can it deliver?

MARKET LIVE: Sensex, Nifty, global markets, voda, infra stocks, devyani

The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.

Nirmala Sitharaman

"Likewise, we believe that the resolution of troubled assets could be faster with weak assets consolidated in a single entity, rather than multiple banks negotiating resolution terms," S&P added

Economists urge PM Modi to push privatisation, increase infra spending

Some participants also pitched for creating a separate ministry for privatisation of PSUs and assets, if needed, as was the case earlier.

The infrastructure action agenda

At infra spend review meet undertaken by FM, It was disclosed that many ministries and depts have shown substantial progress in project implementation and expenditure in Q2FY21

infrA

Any significant increase beyond 10 per cent year-on-year (YoY) may be difficult over the next three to four years, given the limited fiscal space

Budget meetings, Sitharaman

Recognising that this is an unusual year, borrowing has been kept at levels so that the government can quickly put the money back in projects, Sitharman said

chart

Govt's economic advisor stresses there is no demand-driven inflation yet in the economy

Infra investments: Getting the mojo back

Nirmala Sitharaman's comments, as cited in local newspapers, followed data released on Friday that showed India's economic growth slowed to 4.5 per cent in the July-September quarter

steel

The ministry monitors infrastructure projects worth Rs 150 crore and above. Of these 1,405 projects, 340 reported cost overruns and 381 time escalation

Union Finance Minister Arun Jaitley with Union Railway Minister Suresh Prabhu leaves after addressing the media regarding the cabinet meeting in New Delhi

The funds would be raised by PFC, IREDA, IWAI and Nabard

Meanwhile, companies like HP and Acer, which do not sell mobile phones in India, are likely to miss out

Apple iPhone

The restructuring exercise will be undertaken by Arjun Mohan, who was recently elevated as chief executive officer (CEO) of its India business, replacing Mrinal Mohit, according to the sources

Byju's

To borrow Rs 6.55 trillion in second half

money, cash, rupees

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

Reliance Industries chairman Mukseh Ambani and Nita Ambani's children, left to right, Akash, Isha and Anant Ambani. PTI: Photo

Isha, Akash and Anant Ambani

Senco Gold hit a new high of Rs 590.55, rallied 11% on the BSE in Wednesday's intra-day trade and now quotes at a hefty 86% premium over its issue price in little more than 2 months.

Jewellery, Art Work

Prime Minister Narendra Modi on Sunday said the speed and scale of infrastructure development matched the aspirations of 140 crore Indians as he flagged off nine Vande Bharat Express trains connecting religious and tourist destinations across 11 states.
Flagging off the Vande Bharat Express trains via video conferencing, Modi also slammed the previous governments for not paying adequate attention for modernisation of railways and assured that the "day is not far when Vande Bharat will connect every part of the country".
Governors, chief ministers, Union ministers and elected representatives were present at the nine railway stations from where the indigenously built semi-high speed trains were flagged off.
The trains stopped at various stations where they were welcomed by enthusiastic school children and hoards of people with elected representatives addressing functions en route.
Union minister Kailash Choudhary and Rajasthan BJP president C P Joshi boarded the Vande Bharat Express 

PM Modi addresses media on the first day of the special session of Parliament, in New Delhi, Monday, Sept. 18, 2023. (PTI Photo/Manvender Vashist Lav)

Arjun Lal Jat and Arvind Singh clinched the country's second silver medal, narrowly trailing behind China in the thrilling final of the men's rowing lightweight double sculls on Sunday

Asian Games 2023, Asian Games Hangzhou 2022

Inspecting the ongoing construction work of an air dispatch unit of the BRO here, which is also touted to be the world's largest 3D concrete printed campus, Director General, Border Roads (BR), Lt General Rajeev Chaudhry Sunday said it was a major breakthrough in the building construction domain.
Lt Gen Chaudhry said the Border Roads Organisation (BRO) and construction company L&T joined hands to make the Himank Air Dispatch Unit in Chandigarh, which features state-of-the art 3D printing technology, a world class facility.
India is the frontrunner to adopt this technology, the DG said, adding that he was really delighted to witness the development.
Chaudhry said such a building complex will take nothing less than 18 months or two years to complete through conventional construction methods.
But 60 per cent of the construction work on the air dispatch unit, which began in April, is already done and will be finished by the end of December, he said. It is a major breakthrough in the ..

Border Road Organisation

While US Secretary of State Antony J Blinken has called upon India to cooperate with the Canadian investigation, US officials have been cautious about triggering any diplomatic backlash from India

Prime Minister Narendra Modi with Canadian Prime Minister Justin Trudeau

A functioning educational institute, it will have to navigate the challenges the heritage label presents

Santiniketan

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

Subramaniam, who is based in Bengaluru, has been with Intel for over 11 years and has occupied various technical and business leadership roles

Gokul Subramaniam

Sebi counsel assures court of completing part investigation by November

Puneet Goenka

Zoya Akhtar shared her experience of working with debutants and called it refreshing for herself as well. Zoya Akhtar directed The Archies will feature Suhana Khan, Khushi Kapoor and Agastya Anand

The Archies

Many politicians and celebs from bollywood were in Udaipur to attend the royal wedding of the Bollywood actress Parineeti Chopra and Aam Aadmi Party (AAP) leader Raghav Chadha

Parineeti Chopra

ArcelorMittal executive chairman Lakshmi N Mittal on Wednesday expressed confidence that AMNS India's Hazira project, which is under expansion, will be commissioned by 2026.
In October last year, ArcelorMittal's arm AMNS India had stated that it will invest Rs 60,000 crore to scale up capacity of its steel plant at Hazira to 15 million tonnes (MT).
"We have full confidence that with the cooperation of the Centre and Gujarat government, we will be able to commission the project by 2026, Mittal said here while speaking at the celebrations of 20 years of 'Vibrant Gujarat' summit.
Hazira expansion project is moving at a fast pace and over 20,000 people are involved in the project construction, he said.
"It is our target to double our production capacity in the first phase and then triple...we will also make advance products for technology," he said, adding it would help India reduce imports and become self-reliant.
The company is also committed for sustainability, he said.
He also sa

A logo is seen on the roof of the ArcelorMittal steelworks headquarters in Ostrava, Czech Republic. Photo: Reuters

infra spending

Budget 2023 to increase capex for infra projects for growth: Experts

Pent-up demand, infra spend drove growth amid global headwinds: FinMin

Plugging the infra gaps

Sensex rallies for 3rd day, gains 145 pts; Nifty ends at 16,563; RIL up 1%

Union Budget 2021: S&P gives a thumbs up, Nomura calls it a positive

Economists urge PM Modi to push privatisation, increase infra spending

NIP expanded to 465 more projects despite Covid, taking total to 7,300

Infra may get Atmanirbhar nudge in Budget as govt looks to spur growth

Budget will focus on infra to revive economic growth: FM Sitharaman

Won't splurge stimulus money, infra spending to be key: Sanjeev Sanyal

India considers investing $1.39 trn in infrastructure to spur economy

Cost overrun of Rs 3.3 trn cr due to delay in 340 infra projects: MoSPI

Additional infra spending of Rs 31,300 cr gets nod