Introduction of digital currency, investments in the construction of roads, railways, airports, ports, 400 new Vande Bharat trains, rural housing, and no change in income-tax slabs were among key announcements. Let's take a look at what different businesses have to say post-budget announcement.
"The problem is there is China which has fully developed its infrastructure, so tomorrow if we have to transport big trucks, machinery then it would need at least 10-metre wide roads otherwise we wouldn't be able to do it," Union Minister Nitin Gadkari said.
PM Modi noted the infrastructural development in rural Goa will help in increasing the income of farmers, livestock farmers and fishermen.
The government on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets. Projects have been identified across sectors, with roads, railways and power being the top segments.
No one wishes a third wave but on the infrastructure, medical infrastructure, I think we have given that kind of attention, says Finance Minister Nirmala Sitharaman.
The UK-based business financial platform — Tide — looks to contribute to the Indian economy as a key ally in its growth story. It will create 1,000 jobs and invest £100m (Rs. 1000 crore) in India over the next 5 years.
Addressing a virtual event organised by industry body ASSOCHAM, Gadkari further said to achieve the GDP of USD 5 trillion by 2024-25, India needs to spend about USD 1.4 trillion over these years on infrastructure.
A new India is in the making with infrastructure which will be no less than that in the US and Europe in five years, and a solid foundation has already been laid with over Rs 17 lakh crore worth of projects in the last five-year period, Union Minister Nitin Gadkari said on Thursday.
The Hong Kong government will invest over HK$100 billion ($12.9 billion) annually in infrastructure projects during the next several years, Financial Secretary Paul Chan said on Sunday.
The real estate sector, which took a hard hit due to COVID-19, is pinning hopes on the union budget to be presented on Monday for easing regulatory norms and for steps that will help in the completion of pending projects and the sale of build-up houses.
The DFC said it will invest USD 54 million in equity for the National Investment and Infrastructure Fund (NIIF) in India to support the development of critical infrastructure projects. The financing is part of NIIF’s final round of fund-raising for the fund.
According to the announcement, six patient welfare committees of district headquarters hospitals in Sambalpur, Deogarh, Angul, Kendrapara, Sonepur, and Santh Bhima Bhoi Medical College of Bolangir will get an assistance of Rs 15 lakh each from the Chief Minister's Relief Fund.
RBI has cut interest rates on every single occasion the multi-member monetary policy committee (MPC) has met since Shaktikanta Das took over as the Governor of RBI in last December.
"We have all the 6 brands from the OYO portfolio in Bihar currently - OYO Rooms, OYO Townhouse, SilverKey, Collection O, Capital O, Palette Resorts. In the coming year, we aim to strengthen these partnerships and support the states vision while continuously creating and delivering outstanding opportunities for business growth, fostering all- round socio-economic development for the State and its people", he added.
As part of its goal to become a USD 5 trillion economy by 2024, India plans to spend USD 1.4 trillion on its infrastructure in the next five years, Union Finance Minister Nirmala Sitharaman said on Saturday.
India needs to almost double its annual spending on infrastructure at USD 200 billion and the real challenge lies in harnessing private investment, said the Economic Survey 2018-19 tabled in Parliament on Thursday.
The company in a regulatory filing said it will be "challenging" for the management to prepare the financial statements owing to the proposed divestment and restructuring of its group companies, among other reasons.
Ramesh claimed that eight per cent deaths during 2000-2015 were due to pollution-related ailments, but did not comment on the current pollution crisis in Delhi and the measures taken by the government to combat the effect.
During April-May this fiscal, the eight core industries recorded a growth of 4.1 per cent as against 3.3 per cent in the same period last year.
The basic excise duty on unbranded petrol was slashed by Rs 2 from Rs 6.48 per litre and on branded petrol from Rs 7.66 per litre.
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