India aims to achieve 60% of capex target by September to keep inflation at bay

The finance ministry has asked key infrastructure ministries and departments to speed up projects, setting a target of achieving at least 60% of the FY23 capital expenditure budget target by the end of September. North Block wants to push capital expenditure to support the economy buffeted by high inflation, geopolitical risk and monetary tightening. “We … Read more

Modi coming to inaugurate incomplete projects: Sharad Pawar

Nationalist Congress Party chief Sharad Pawar on Saturday took a jibe at Prime Minister Narendra Modi over his proposed visit to Pune on Sunday, saying that it was to inaugurate infrastructure projects that were not yet complete. The government, Pawar said, should be focusing more on evacuating students stuck in war-torn Ukraine. The NCP chief, … Read more

No third wave impact on urban to rural remittances

Mumbai: Urban to rural remittances were largely unscathed through the third Covid wave, with such transfers rising 5-10% at the end of January over December. Most remittance companies ET spoke with said the third wave had little impact on business volumes, pointing to an economy on the mend. India processes more than ₹15,000 crore in … Read more

Highway construction speed to be enhanced to meet next fiscal target: Road Transport Secy

Terming the recent budget a “development-oriented” exercise, Union Road Transport and Highways Secretary Giridhar Aramane on Sunday said the pace of road construction will be further increased to achieve the target of expansion of national highways in the next fiscal. In the ongoing fiscal so far, he said, the National Highways Authority of India (NHAI) … Read more

Infra projects expected to route through PM GatiShakti’s NPG after Apr 1: DPIIT Secy

The implementation framework for PM GatiShakti national master plan is taking its final shape at a faster pace and after April 1 this year, every infrastructure project is expected to route through the network planning group (NPG) constituted under this initiative, a top government official said. The PM GatiShakti plan was announced last year with … Read more

How national monetization policy can create international-level infra and attract investors

As we head towards the final quarter of a very difficult 2021, there are some silver linings. If I were to point out some of the events on the policy-making front, I would unflinchingly select three events – Air India privatization, efforts towards the listing of Life Insurance Corporation (LIC) and the national monetization policy. … Read more

Greater Noida to have three more smart villages soon; tender to be issued soon- know everything

The development programme will be taking place in two phases and the first phase will be focussing on infrastructure (Photo: IE) Greater Noida will soon have three more smart villages, officials revealed in the statement on Monday. The authority will be issuing tenders soon for its development. A total number of 14 villages in greater … Read more

Economic rebound expected on rapid vaccination, infra spend: Niti Vice-Chairman

A strong economic growth rebound is expected on the back of rapid vaccinations, a recovering monsoon boosting agricultural output, thrust on infrastructure investments by the government, and growth in export, Niti Aayog Vice-Chairman Rajiv Kumar has said. Kumar further said that as per consensus estimates, despite downward revision in the GDP growth projections, India is … Read more

Banks expect biggest pick-up in loan demand from retail sector, mfg, services: Nomura

NEW DELHI: A study of the Reserve Bank of India’s (RBI) latest bank lending survey shows after the decline in demand for loans in April-June on account of the second wave of the Covid pandemic, banks see a recovery in loan demand this quarter, Nomura Global Markets Research said in a report. “…Banks expect loan … Read more

Kudos! IIIT Hyderabad researchers develop tool to count trees, generate density maps

The team now hopes to employ the system in different cities to understand the model’s large-scale efficacy. (Picture courtesy: Indian Express) As cities and towns embark on a rapid development drive at the expense of their precious green cover, researchers from Hyderabad’s Indian Institute of Information Technology (IIIT) have developed a method that would enable … Read more