The Adani Group-owned Mundra Port in Mundra in January 2024. | Photo Credit: AFP Billionaire Gautam Adani on Wednesday (November 13, 2024) committed to investing $10 billion in energy and infrastructure projects in the United States. “Congratulations to @realDonaldTrump,” he posted on X. “As the partnership between India and the United States deepens, the Adani … Read more
The finance ministry has proposed productivity tests for railways, road transport, shipping, and metro rail projects to evaluate their impact on the economy and people’s lives. The Niti Aayog will monitor the data generated by these tests and provide recommendations. A study will also be conducted to assess the optimal share of different modes of … Read more
The cost overruns faced by large central infrastructure projects declined further in May to 19.86 per cent from 20.34 per cent in April, data released by the ministry showed. The anticipated costs of 1,681 projects were Rs 4.8 lakh crore, higher than the original cost of Rs 24.2 lakh crore. Nearly half of the infrastructure … Read more
The government is expected to spend ₹4.46 lakh crore more on infrastructure projects than the original estimates, a report released by the infrastructure and project monitoring division of the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday said. The original cost of 1,423 projects being monitored by the ministry was estimated at ₹ 20.38 … Read more
The government on Wednesday said that under the guidance of the Department for Promotion of Industry and Internal Trade (DPIIT), 787 new projects with an investment value of Rs 19.6 lakh crore have been brought on the Project Monitoring Group (PMG) for monitoring in FY22 and 44 projects with an investment value of Rs 1.25 … Read more
Pakistan’s Prime Minister Imran Khan has said the international community cannot “exonerate” itself from its responsibilities towards the Afghan people after 20 years of military intervention in the war-torn country and urged the same countries to stay engaged with Kabul, according to a media report on Friday. Khan said decades of war has had a … Read more
Bharatiya Janata Party has promised “game changer” plans to boost economic growth when Finance Minister Nirmala Sitharaman presents the 2021/2022 federal budget on Feb. 1. Here’s a look at some top topics she is likely to cover on Monday, as Prime Minister Narendra Modi‘s government tries to bring the country’s economy back on track: HEALTHCARE … Read more
NEW DELHI: The Centre aims to complete awarding of projects envisaged under Bharatmala, its flagship highways development programme, by 2023. The first phase of the Bharatmala scheme approved in 2017 includes construction of 24,800 km of national highways, in addition to 10,000 km of balance road works under the National Highways Development Programme (NHDP). The … Read more
Income from dividend, interest and long term capital gains of sovereign wealth funds, the Abu Dhabi Investment Authority and pension funds, from investments in rental housing for lower income groups will be exempt from income tax. The Central Board of Direct Taxes added the ‘affordable rental housing complex’ to the list of infrastructure projects that … Read more