Budget 2025 should focus on increasing Capex, checking fiscal deficit & reducing debt to GDP: EY India, ET Infra
Emphasis on fiscal consolidation, tax system simplification, and investment-driven growth, in the Budget 2025 will lay a solid foundation for sustained economic development in India, asserted global consulting and professional services firm Ernst & Young (EY) India. As India prepares for the Union Budget 2025-26, expectations are focused on a
MPIDC acquires 400 ha to develop Vikram Udyogpuri Phase 2, Infra News, ET Infra
The Madhya Pradesh Industrial Development Corporation (MPIDC) acquired over 400 hectare of private land to develop the second phase of Vikram Udyogpuri industrial area in Ujjain. This initiative is expected to attract new investments in the region. At present, Vikram Udyogpuri spans 458 hectare and is nearly at full capacity.
Key projects to be hit as model poll code kicks in, ET Infra
With the election period model code of conduct kicking in, ongoing projects of the Public Works Department, Delhi Jal Board and Municipal Corporation of Delhi are likely to slow down. Among works to be affected are a bus terminal, water treatment plant, road repairs and parking facilities. The Okhla sewage
Nods to MPD41, NCR Plan, ET Infra
Despite high expectations and demand from different groups, the Centre did not announce some major decisions before the Delhi assembly poll date was announced on Tuesday, including the notification of the Delhi Master Plan-2041, the 2041 NCR Plan and the amendments to the Land Pooling Policy. Recently, the seven BJP
PM to lay foundation, inaugurate slew of projects in Andhra on Wednesday, ET Infra
Similarly, Modi will also virtually lay the foundation for a Rs 1,877 crore bulk drug park in Nakkapalli. Prime Minister Narendra Modi is scheduled to visit Visakhapatnam on Wednesday to lay the foundation for a few important projects and inaugurate a few others. This will be the Prime Minister’s first
L&T bags large orders in India, overseas, Infra News, ET Infra
Several substations are being added to the Emirate’s power transmission infrastructure as it seeks to remain a preferred destination to live, work and visit. Infrastructure major Larsen & Toubro (L&T) on Tuesday said its power transmission and distribution vertical has bagged large orders in the domestic and international market. As
Infra budget should be in line with GDP growth, Infra News, ET Infra
NEW DELHI: The budgetary allocation for the infrastructure sector should be in line with the growth in GDP, an expert said. “From a GDP perspective the amount the Union government allocated to the infrastructure sector (in the previous years) brought us close to 3% of the GDP. Hence they should
IIFCL aims to double lending to Rs 1 lakh crore in three years: MD Jaishankar, ET Infra
NEW DELHI: PR Jaishankar, Managing Director of India Infrastructure Finance Company Limited (IIFCL), has set an ambitious target to double the company’s lending to Rs 1 lakh crore within the next three years. Speaking on the company’s performance, he remarked, “Our disbursement is all about 150,000 crores. So our balance
Stable policy framework key to attract investments in infrastructure sector: Aviation secy, ET Infra
Policy stability, improvement in efficiency and respect for contracts are the key essentials for attracting international investments into the infrastructure sector in the country, civil aviation secretary Vumlunmang Vualnam said. “Infrastructure, by design, tends to have a long gestation period and a long investment period. So I think that certainty,
UP gov to build international cricket stadium in Gorakhpur: CM Yogi, ET Infra
Chief Minister Yogi Adityanath on Friday said the Uttar Pradesh government will construct an international-level cricket stadium in Gorakhpur. Addressing the inauguration ceremony of Gorakhpur’s first mini sports complex in Bhati Vihar Colony, he said the Uttar Pradesh government is committed to promoting sports and supporting athletes within the state.