Budget

Budget 2021-22 recognises the need to modernise railways Plans to undertake future dedicated freight corridor (DFC) projects from Kharagpur to Vijayawada, Bhusaval to Dankuni and Itarsi to Vijayawada reinforces Government's attention to augmentation of rail freight transportation network was welcomed...

A competitive framework proposed to give consumers alternatives Finance Minister Nirmala Sitharaman has proposed an outlay of Rs.305,984 crore over five-years for a revamped reforms-based result-linked power distribution sector scheme expressing her concern about the viability of the DISCOMS network....

NRP for rail infra creation by 2030 The first phase detailed project reports will be undertaken for future freight corridor projects - namely the East Coast corridor from Kharagpur to Vijayawada, East-West Corridor from Bhusaval to Kharagpur to Dankuni and...

India builds momentum for 10% GDP growth in 2022 The Indian government is likely to provide further support to the financially-strapped public sector banks, having allocated a capital of Rs.200 billion in Budget 2021-22 for the state-owned lenders as part...

More economic corridors being planned Finance Minister Nirmala Sitharaman has listed out major projects that will be covered in the Rs.118,101 crore for Ministry of Road Transport and Highways under budget 2021-22 which was presented in parliament on 1 Feb...

Sitharaman launches 'National Monetization Pipeline" A Bill will be introduced to set up Development Financial Institution (DFI) which will act as a provider, enabler and catalyst for infrastructure financing with a lending portfolio of at least Rs.5 lakh crore in...

New technologies: 'MetroLite' and 'MetroNeo' A new Rs.18,000 crore scheme will be launched to support augmentation of public bus transport services in Urban Areas by facilitating deployment of innovative PPP models to enable private sector players to finance, acquire, operate...

Need to rationalize duties on textile raw material, says FM The Government has proposed a scheme of Mega Investment Textiles Parks (MITRA) to enable the textile industry to become globally competitive, attract large investments, boost employment generation and exports. The...

Subsidy for flagging merchant ships Seven projects worth more than Rs.2,000 crore will be offered by the major ports on Public private partnership mode in FY21-22, announced Finance Minister Nirmala Sitharaman while presenting Union Budget 2021-22 in Parliament on 1...

Govt to instill confidence in Corporate Bond Market The Government will consolidate the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationaliszed single Securities Markets Code, Finance Minister...