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Budget: Infra sector seeks higher allocation, tax breaks

Budget: Infra sector seeks higher allocation, tax breaks

The infrastructure sector`s stakeholders expect a rise in budgetary allocation for 2017-18 and tax breaks to reinvigorate the industry.

Govt approves Rs 3,120 cr for infra boost in 102 AMRUT cities

Govt approves Rs 3,120 cr for infra boost in 102 AMRUT cities

Government Thursday approved an investment of Rs 3,120 cr for boosting urban infrastructure in in 102 cities across five states, including enhancing water supply, sewerage network, non-motorised transportation system and availability of public spaces.

Govt formulating Regulatory Reform Law

To bring in a cogency of approach across various sectors in infrastructure, the government is formulating a Regulatory Reform Law, Parliament was informed on Friday.

295 infra projects delayed; cost overrun at over Rs 1 lakh cr

As many as 295 infrastructure sector projects worth Rs 150 crore or more are delayed with total cost overrun of Rs 1,01,436 crore, Parliament was informed Thursday.

Prime Minister to review progress of infra sectors on Nov 5

Prime Minister Narendra Modi will review the progress of infrastructure sectors including roads, railways and power in the presence of senior officials of concerned ministries on November 5.

Economic Survey: Urgent need for consistency in policies for infra growth

Lack of consistency in policies needs urgent redressal apart from removing procedural bottlenecks to keep India's infrastructure ball rolling, the government said Wednesday.

L&T wins Rs 2,935 cr orders

Infrastructure major Larsen & Toubro Monday said it has won orders worth Rs 2,935 crore across various business segments in February and March.

Infrastructure splurge too late for this govt or next

India`s drive to break an infrastructure investment logjam has come too late to revive the economy before the forthcoming general election - and it could be years before it pays growth dividends for the next government.

Fin Min for relaxation of norms for loans to infra sector

The Finance Ministry has favoured relaxation of lending rules for infrastructure projects so as to expedite them.

SBI chief seeks new financial products to fund infra sector

With lenders experiencing stress on their infra loan books, the head of country's largest bank SBI has called for a need to introduce new products to finance the long-gestation projects, including refinancing the loans every five years.

Infra cos pay over $1 bn in finance, interest costs in H1

India's major 10 infrastructure companies have together paid out more than USD 1 billion towards finance and interest costs during the first half of fiscal, resulting in huge dents in margins in some cases.

'Cut imports, revive infra investment to restore growth'

Slashing imports, augmenting exports and reviving investment in key infrastructure sectors by offering them tax breaks will help turnaround the economy and bring growth to over 7 percent, an Assocham panel has said.

Govt to firm up plans for Infrastructure Trust Fund soon

The Finance Ministry is firming up plans for a new Infrastructure Trust Fund aimed at accelerating the flow of long-term investments in various projects.

Bank finance to infra sector surges to 13.4%: Report

Amidst growing concern of lenders' asset liability mismatch, an HDFC Bank report says the share of bank funding to the infrastructure sector soared to 13.4 percent in FY'13 from a meagre 1.6 percent of the total credit thirteen years ago.

Govt to finalise plans for infra trust fund in a month

The Finance Ministry is likely to put in place within within a month the modalities for a new structure, Infrastructure Trust Fund, to accelerate the flow of long-term funds into various projects in areas such as power, roads and ports.

Eight core sectors grow by 3.7% in August

Eight infrastructure industries posted a 7-month high growth rate of 3.7 percent in August on the back of good performance by power, cement, steel and fertiliser sectors.

CCI reviews progress on infrastructure projects

The Cabinet Committee on Investment Tuesday reviewed the progress on infrastructure projects worth about Rs 1.6 lakh crore and discussed ways to overcome hurdles that are delaying them.

India welcomes Chinese investments in infra sector

With huge trade imbalance in favour of China, India Monday strongly pitched for market access and invited Chinese investments in infrastructure sector to address the deficit.

CCI clears Rs 1.83 lakh crore projects in Infrastructure

The projects cleared across various infrastructure sectors include 18 in the power sector, entailing Rs 83,773 crore investment besides 18 others in sectors like Road, Railways, Petroleum and Natural Gas.

CCI for speeding up clearances of 36 infra projects

The Cabinet Committee on Investment has decided to ask ministries concerned to clear expeditiously as many as 36 infrastructure projects stuck due to delay in sanctions, sources said.