Page 9 - Infrastructure

Investment focus on infra, manufacturing to boost job creation: HR experts

The schemes and outlays proposed by the government in the Budget for core sectors like manufacturing and infrastructure will benefit these segments especially with improved job creation opportunities, HR experts said. Further, the announcement of social security benefits to gig workers and platform workers and the proposed setting up of a portal to collect information on gig workers will create the right impetus for remote and flexible work, they said. "Given the schemes and outlays the government has proposed in the budget for the core sectors - manufacturing and infrastructure, these sectors should see a boost in jobs being created by them," said Rituparna Chakraborty, Co-Founder & Executive Vice President, TeamLease Services. In fact, the plan to set up a professionally managed Development Financial Institution and to allocate Rs 20,000 crore towards capitalising it will not only create employment opportunities, but it will also have a positive impact on consumer spending, ...

Investment in infra essential to growth boost, says Economic Survey 2020-21

The Survey emphasised that the year after the crisis will require sustained and calibrated measures to facilitate the process of economic recovery

A potentially risky trade-off for markets

Sebi's proposal on concentrated holdings could disrupt the balance between the supervisory and business roles of stock exchanges

450 infrastructure projects show cost overruns of Rs 4.28 trillion: Report

Of the 1,687 such projects, 450 reported cost overruns and 558 were delayed

IRB Infra net profit declines 56% to Rs 69 cr in December quarter

IRB Infrastructure Developers' profit declined to to Rs 69.48 crore

NIP expanded to 465 more projects despite Covid, taking total to 7,300

At infra spend review meet undertaken by FM, It was disclosed that many ministries and depts have shown substantial progress in project implementation and expenditure in Q2FY21

FM reviews progress of projects under national infrastructure pipeline

Finance Minister Nirmala Sitharaman reviewed the progress of projects worth Rs 3.6 trn under the national infrastructure pipeline

Infra may get Atmanirbhar nudge in Budget as govt looks to spur growth

Any significant increase beyond 10 per cent year-on-year (YoY) may be difficult over the next three to four years, given the limited fiscal space

Lords Hospital to invest Rs 100 crore to add 200 beds, develop infra

The hospital's medical facilities, protocols and emergency services will provide patients with the highest standards of medical excellence for improved outcome in the post-covid future

RInfra completes sale of DA Toll Road to Cube Highways at EV of Rs 3,600 cr

Sale helps RInfra reduce its total debt liabilities by 20%

US financial body to invest $54 mn in India to support infra projects

An American financial corporation has announced to invest USD 54 million in India to support the development of critical infrastructure projects in the country in the wake of the COVID-19 pandemic

Only two of six bids for Reliance Home Finance are compliant and binding

The lenders have decided to further extend the bidding timeline till January 31, 2021, in order to accommodate the four non-compliant bidders

Budget will focus on infra to revive economic growth: FM Sitharaman

Recognising that this is an unusual year, borrowing has been kept at levels so that the government can quickly put the money back in projects, Sitharman said

Need DFIs for push to infrastructure sector in long term, says SBI MD

There is a need for a development finance institution for funding long-term needs of the infrastructure sector, State Bank of India Managing Director Ashwani Bhatia said on Saturday

India to see $66 bn investment in gas infrastructure, says Pradhan

LNG import terminals and capacity additions are planned on both east and west coast.

Nettle Infra buys 4.94% stake in Bharti Infratel for Rs 2,882 crore

Bharti Airtel on Wednesday said its subsidiary Nettle Infrastructure Investments has acquired an additional 4.94 per cent stake in Bharti Infratel for Rs 2,882.32 crore.

Core sector shrinks eighth month in row, sharper sequentially in October

Contraction due to decline in production of crude oil, natural gas, refinery products and steel

Govt to infuse Rs 2,000 cr in NIIF debt fund in FY21 for infra development

Union Cabinet approves Rs 6,000-cr fund over two years; this year's allocation to come if there is demand

Govt plans to set up charging infrastructure across 69K petrol pumps

The government is planning to set up at least one e-charging kiosk at around 69,000 petrol pumps with an aim to accelerate the uptake of electric vehicles, Union minister Nitin Gadkari said

FM Sitharaman gives infrastructure sector Rs 16,200-crore liquidity shot

Apart from that, Rs 10,200 crore will be given as direct support for infrastructure creation