Infrastructure
Union Budget: Sops for capex, infra, MSME, electric vehicles
The initiatives under infrastructure have been largely grouped under "PM Gatiishakti Master Plan". The thrust on faster movement of goods and people will clearly have a positive impact on easing supply constraints and improving export competitiveness. What is noteworthy is the investment in cargo terminals, logistic parks, railways modernisation and importantly, the integration between the transport systems, it said.
Home buyers' body seeks withdrawal of extended construction timelines
In a letter to the ministry, the FPCE said that RERA authorities are randomly giving blanket extensions even when there was no work stoppage nor complete lockdown announced either by the Centre or by any state government. "The states of Maharashtra, UP, and Karnataka have recklessly, in blatant disregard to home buyer rights, have given another extension to the real estate projects," it said.
Motherson Sumi eyes acquisitions, 'in talks with potential takeover cos'
A letter to the shareholders by Motherson Sumi Chairman Vivek Chaand Sehgal in the Annual Report of the company also noted that acquisitions must create value for the customers and must allow the company to achieve revenue and ROCE (return on capital employed) targets simultaneously. "We will not make acquisitions only to achieve our top-line goals," the Chairman added.
Cabinet approves FDI proposal of 15K cr in Anchorage Infrastructure
The FDI will also be used for investments to be made in transport and logistics sectors along with downstream investment in the airport sector and aviation related businesses and services. The investment also includes transfer of share of Bangalore International airport Limited to Anchorage, and investment of Rs 950 crore in Anchorage Infrastructure Investment Holding Ltd by 2726247 Ontariao Inc.
483 infra projects report cost overrun of Rs 4.4 lakh cr
The Flash Report for central sector projects for July released by the Ministry of Statistics and Programme Implementation showed that 504 projects are running behind schedule. The total original cost of implementation of the 1,781 projects was Rs 22,82,160.40 crore and their anticipated completion cost is likely to be Rs 27,25,408.00 crore, which reflects overall cost overruns of Rs 4,43,247.60 crore.
Advertisement