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RBI permits banks to invest in REITs and InvITs

RBI permits banks to invest in REITs and InvITs

The Reserve Bank on Thursday allowed banks to invest in Real Estate Investment Trust (REITs) and Infrastructure Investment Trusts (InvITs), a move that will help revive the cash-starved infrastructure sector.

Infra sector growth jumps to 6-month high of 6.6% in October

Infra sector growth jumps to 6-month high of 6.6% in October

Infrastructure sector recorded a growth rate of 6.6 percent in October -- the highest in last six months -- on the back of impressive performance by steel and refinery products.

Govt gives green signal to nine rail infrastructure projects worth Rs 24,000 cr

Govt gives green signal to nine rail infrastructure projects worth Rs 24,000 cr

The CCEA chaired by Prime Minister Narendra Modi have given green signal the massive line expansion programme that involves track construction of a total length of 1937.38 km at an estimated cost of Rs 24,374.86 crore.

Govt to compensate infra developers for project delays

The government on Wednesday unveiled two key policy initiatives to revive the infrastructure sector, which include compensating developers in case of delays in highway projects and empowering the ministry concerned to okay projects with civil construction cost of up to Rs 1,000 crore.

Govt to discuss infra bottlenecks, PPP with stakeholders on Monday

The Finance Ministry has called a meeting on Monday to discuss with stakeholders various regulatory and financing issues facing the infrastructure sector in the country.

Infra sector growth slows to 3-month low of 1.1% in July

Infrastructure sector growth slowed to 3-month low of 1.1 in July as output of crude oil, natural gas and steel contracted, making a case for a further rate cut by the Reserve Bank.

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.

Gammon India Jan-Mar quarter net loss at Rs 74 crore

Shares of the company closed at Rs 19.90 apiece on BSE, up 0.51% from previous close.

Finance Ministry to meet PSU banks on Apr 28 to review stalled projects

Concerned over rising bad loans in the infrastructure sector, the Finance Ministry has called a meeting of heads of public sector banks on April 28 to chalk out a roadmap for clearing bottlenecks that hamper implementation of large projects.

JLL India to provide consultancy services in infra sector

Property consultant JLL India on Monday said it has formed a separate vertical to provide services to the infrastructure sector.

Govt amends norms for financial support to PPP in infra

Government on Tuesday approved amendments to the Public Private Partnerships (PPP) guidelines to enhance financial support to projects in infrastructure sector.

Brokers' body suggests dedicated fund for infrastructure projects

In order to help mobilise money from the capital market for infrastructure sector, brokers' grouping ANMI has said the government should set up a dedicated fund for such projects and provide tax incentives on investments.

Quickly resolve issues to speed up pace of infra projects: PM Modi

Quickly resolve issues to speed up pace of infra projects: PM Modi

The meeting was told that no power plant today faces shortage of coal as issues regarding the fuel supply to the plants have been resolved.

Govt to boost public spending on infrastructure: FM

The government estimates the country needs to spend $800 billion on infrastructure to grow 7 percent per annum.

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.

Narendra Modi to review performance of infrastructure sector next month

Prime Minister Narendra Modi will review the performance of key infrastructure sectors, including coal and power, in achieving targets at a meeting early next month.

June factory output rises for third consecutive month, inflation still high

Factory output in June likely rose 5.4 percent from a year earlier, faster than the 4.7 percent growth in May, according to a poll of 27 economists.

Budget announcements positive for infra in long term: Fitch

Fitch said the new government led by Narendra Modi has made new long-term capital investment cycle as a policy focus.

Declare mining as infrastructure sector: CII to Govt

Industry body CII has asked the government to declare mining as a strategic and infrastructure sector which is critical for the manufacturing growth of the nation.

Assocham suggests measures to boost economy, lower bank NPAs

Industry group Assocham has suggested measures such as kick-starting the infrastructure sector, developing a strong corporate bond market and a single-window clearance mechanism to revive the economy and lower bad loans of banks.