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.

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.

ICICI Bank plans to raise up to Rs 50,000-cr from bonds

Private sector ICICI Bank Monday said it plans to raise up to Rs 50,000 crore from bonds in tranches to fund affordable housing and infrastructure projects.

Govt looking to address challenges plaguing infra sector: Jayant Sinha

Govt looking to address challenges plaguing infra sector: Jayant Sinha

On the second-day of an investment summit with sovereign wealth funds, private equity and pension funds, Minister of State for Finance Jayant Sinha showcased brownfield as well as greenfield projects in sectors including highways, railways and energy.

 

Exim Bank co-promotes project development firm in Africa

Exim Bank on Tuesday said it will set up in Africa a development firm KPDC, in partnership with others, to facilitate Indian participation in infrastructure projects across the continent.

Govt to address regulatory, financial issues in infra sector: Shaktikanta Das

Govt to address regulatory, financial issues in infra sector: Shaktikanta Das

The government Monday assured industry stakeholders of resolving regulatory and financing issues to expedite infrastructure projects, including those being promoted under the PPP mode.

Govt invests Rs 4.85 lakh crore in big infra projects

Government has invested Rs 4.85 lakh crore in big infrastructure projects, costing over Rs 150 crore, as of June 1 in the current fiscal.

Cabinet approves Rs 20,000-crore infra investment fund

The Union Cabinet on Wednesday approved creation of a Rs 20,000-crore National Investment and Infrastructure Fund (NIIF), a sort of sovereign fund, for development of infrastructure projects, including the stalled ones.

Gadkari to review infra sector challenges in Northeast

 As part of government plans to augment infrastructure in the North-Eastern states, Union Minister Nitin Gadkari during his visit to Guwahati next week would review challenges the highway and road sector is facing in the region.

PM Modi concerned over passport delivery, delay in infra projects

Prime Minister Narendra Modi Wednesday voiced concern over inefficient delivery of passports as also the delay in vital infrastructure projects and directed the departments concerned to address these issues.

ADB to finance $6 billion in Pakistan infrastructure projects

The Asian Development Bank on Tuesday approved a $6 billion loan to help build up Pakistan`s dilapidated power network and other key infrastructure, Islamabad said.

Maharashtra govt to install live-monitoring system for infra projects

To curb misuse of government grants and effectively supervise infrastructure projects, Maharashtra government will install a live monitoring system that will be controlled through the State Secretariat.

PM pushes for expediting projects in irrigation, affordable housing, toilets

He reviewed the status of stalled projects in the infrastructure sector and was apprised of the steps being taken to enhance infrastructure creation in accordance with his vision for the 75th year of India's Independence, a PMO statement said.

PM Modi takes stock of progress of infra projects

The meeting also took stock of the progress in rural infrastructure, power, coal, renewable energy and petroleum and natural gas.

Centre to award road projs worth Rs 15,000 crore in North-East

In a boost to infrastructure development in the North-East, Union Transport Minister Nitin Gadkari today said the government will award road projects worth Rs 15,000 crore in the region by December.

224 central projects see cost overrun of over Rs 2 lakh crore

As many as 224 central sector infrastructure projects in sectors like road, rail and power were showing cost overrun of over Rs 2 lakh crore till December-end, Parliament was informed on Wednesday .

Need to look at our oil exploration programme: FM Jaitley

Jaitley added that the government is undertaking some important steps to bring reforms on tax front.

PNB raises Rs 1,800 crore from bonds to fund infra projects

State-owned Punjab National Bank on Tuesday announced raising Rs 1,800 crore through long-term bonds for funding infrastructure projects.

224 infra projects see cost overruns of Rs 2.11 lakh crore

Delay in implementation of 224 central sector infrastructure projects resulted in cost overruns to the tune of Rs 2.11 lakh crore, government said today while assuring that efforts were on to ensure their timely completion.

India offers USD 500 million credit to Mauritius, five pacts signed

India offers USD 500 million credit to Mauritius, five pacts signed

India on Wednesday offered USD 500 million concessional line of credit to Mauritius for key infrastructure projects as the two nations signed five pacts, including on ocean economy, during Prime Minister Narendra Modi's visit to the strategic Indian Ocean island nation.