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India's progress incomplete without infra expansion: PM Modi

India's progress incomplete without infra expansion: PM Modi

India's progress is incomplete without rapid expansion and upgradation of basic infrastructure, Prime Minister Narendra Modi said Tuesday while underlining that his government's efforts are characterised by speed and scale to usher in "an era of historic growth".

101 infra projects see Rs 1.29 lakh crore in cost overruns

101 infra projects see Rs 1.29 lakh crore in cost overruns

As many as 101 infrastructure projects sized Rs 1,000-crore and above have reported a cost overrun of Rs 1.29 lakh crore, as per official data.

Good news for Delhites! Modi govt sanctions Rs 658 crore for 5 big projects - Know details

Good news for Delhites! Modi govt sanctions Rs 658 crore for 5 big projects - Know details

The projects are aimed at unclogging the key stretches of the national capital.

India to seek US cooperation for modernising infrastructure

India to seek US cooperation for modernising infrastructure

India will seek innovative technologies from the US for modernising the country's infrastructure during Union Minister Nitin Gadkari's meetings with top American officials and corporate leaders to attract billions of dollars in FDI in the crucial sector.

Railways will invest $140 bn in infrastructure in 5 years: Suresh Prabhu

Railways will invest $140 bn in infrastructure in 5 years: Suresh Prabhu

"Indian Railways will invest $140 billion in the next five years. We have invested Rs 94,000 crore and additionally we have decided to issue contract of Rs 40,000 crore for locomotives," Prabhu said at an event organised by MCC Chamber of Commerce and Industry.

Govt suffers Rs 1.6 lakh crore loss as 238 infra projects delayed

Govt suffers Rs 1.6 lakh crore loss as 238 infra projects delayed

Project cost of as many as 238 infrastructure projects, monitored by the Statistics Ministry, have overshot by Rs 1.6 lakh crore from their original estimates due to delays on account land acquisition forest clearances and other reasons, official data showed.

Core sector expands to a 16-month high of 6.4% in March

Core sector expands to a 16-month high of 6.4% in March

On the back of high production rate of fertilizer, cement, petroleum and electricity, the eight core sector industries grew by 6.4 percent in the month of March.

India's GDP growth likely to be 7.7% this fiscal: Citigroup

India's GDP growth likely to be 7.7% this fiscal: Citigroup

 Gradual fiscal recovery is likely to push the GDP growth numbers of the country to 7.7 percent in this financial year, says a Citigroup report.

 Government to soon roll out Rs 8-lakh crore railway infrastructure plan

Government to soon roll out Rs 8-lakh crore railway infrastructure plan

Plagued with a long spell of underinvestment, Indian Railway is firming up a plan for infrastructure development with an ambitious target of pumping in more than Rs 8 lakh crore over the next four years.

RBI relax norms for firms to raise foreign funds for infra

The Reserve Bank Tuesday relaxed overseas borrowings norms to help companies raise funds for infrastructure projects in the country.

GVK power to divest 33% in BIAL to Fairfax for Rs 2,149 crore

 GVK Power and Infrastructure today said it will divest 33 percent stake in Bangalore International Airport Ltd (BIAL) to Fairfax India Holdings Corporation for Rs 2,149 crore.

Infra outlay at Rs 2.21 lakh crore, proactive steps to boost growth

Infra outlay at Rs 2.21 lakh crore, proactive steps to boost growth

Allocating a major share to infrastructure that includes Rs 2.21 lakh crore outlay, Finance Minister Arun Jaitley today said enhanced allocations coupled with reforms and steps will remove obstacles impeding the sector's growth.

Infrastructure 'sine qua non' for robust growth: Survey

Terming infrastructure as "sine qua non" for achieving robust growth, the Economic Survey 2015-16 said government has accorded top priority to the sector and has undertaken a slew of steps to augment it.

Ind-Ra maintains negative outlook on Infra for FY17

India Ratings has maintained a negative outlook for infrastructure sector for the next fiscal as it sees a high concentration of poorly performing assets.

 

'Govt can breach fiscal deficit target to fund infrastructure'

'Govt can breach fiscal deficit target to fund infrastructure'

The fiscal consolidation roadmap laid out by Jaitley had estimated fiscal deficit to come down to 3.9 percent in current fiscal and further to 3.5 percent next fiscal.

Arun Jaitley invites UAE to invest in NIIF

Arun Jaitley invites UAE to invest in NIIF

Seeking investments from the UAE, Finance Minister Arun Jaitley Wednesday said investors from the Gulf region could participate in India's maiden sovereign wealth fund NIIF, which has been set up to fund infrastructure projects.

India needs $1 trillion for new roads, ports, airports: Nitin Gadkari

India needs $1 trillion for new roads, ports, airports: Nitin Gadkari

Gadkari said his ministry is working on a target of 30 km of new roads per day by March 31 besides working towards achieving an ambitious target of 100 km a day.

PM Modi lays foundation stone of Delhi-Meerut Expressway project-Part 2

Prime Minister Narendra Modi laid the foundation stone of the ambitious Delhi-Meerut Expressway project.

PM Modi lays foundation stone of Delhi-Meerut Expressway project

Prime Minister Narendra Modi laid the foundation stone of the ambitious Delhi-Meerut Expressway project.

GMR Infra pulled up for over $1 billion fund raising report

Stock Exchanges Monday pulled up GMR Infrastructure over reports that it plans to raise funds by selling part of its assets in airports and energy business, even as the company denied the reports.