The US and India have held discussions on F-15EX fighter jets and the two respective air forces have exchanged information about it, a top Boeing official has said after the aerospace major received approval from the American government to offer its latest multi-role combat aircraft to the Indian Air Force. The F-15EX is the latest […]
Day: February 2, 2021
KRBL tanks 19% as ED arrests Joint MD in AugustaWestland case
Shares of KRBL tanked 19 per cent to Rs 191 on the BSE in the intra-day trade on Monday on the back of heavy volumes after the company said its joint Managing Director (MD) Anoop Kumar Gupta has been sent to 5 days custody of Enforcement Directorate (ED) in the AgustaWestland Money Laundering case. “With […]
Rajnath Singh to inaugurate HAL’s second LCA production line on Tuesday
Defence Minister Rajnath Singh will inaugurate Hindustan Aeronautics Limited’s Tejas Light Combat Aircraft’s second production line here on Tuesday, according to HAL officials. The event comes a day before the opening of the Aero India 2021, the country’s premier aerospace and Defence exhibition, commencing at Air Force Station Yelahanka here on Wednesday. The delivery of […]
Road Min gets ‘highest ever’ allocation of Rs 1.18 trn in Budget 2021-22
Pinning hopes on infrastructure for job creation, Union Finance Minister Nirmala Sitharaman allocated Rs 1.18 trillion for the Ministry of Road Transport and Highways. The FM called it the “highest ever” allocation for the department. The allocation has gone up 2.5 times since 2014, when the new NDA government announced an outlay of Rs 33,305 […]
Budget 2021: Govt to set up Rs 20,000 cr DFI to promote infra financing
Finance Minister Nirmala Sitharaman on Monday said the government will set up a Rs 20,000 crore Development Finance Institution (DFI) with a view to mobilise Rs 111 lakh crore required for funding of the ambitious national infrastructure pipeline. Unveiling the Union Budget 2021-22, the Finance Minister said that a professionally managed DFI to be set […]
India’s budget will boost infra, create new jobs: US chamber of commerce
A Boston-based India-centric chamber of commerce on Monday said the increase in healthcare outlay in the latest annual budget will lead India towards a healthier country and the thrust on infrastructure will boost growth and generate jobs. “Overall, these announcements are rightly directed to support the healthcare sector not only in terms of expenditure but […]
Infra thrust: Capital-intensive sectors get boost in Union Budget 2021
The Budget, with its emphasis on capital expenditure and infrastructure projects, is a boost for capex-related companies but this has been tempered by a reduction in overall government expenditure in FY22. The latter could dampen the pace of consumer demand in the next fiscal year and is negative for companies in the FMCG, consumer durables, […]
Budget 2021: Massive spending commitment for infra; new DFI on the cards
The creation of a development finance institution (DFI) will meet one of the major demands of the infrastructure sector. This will not be the first time such an institution will be created for meeting the long-term financing needs of the sector. Union Finance Minister Nirmala Sitharaman announced that a new law will be enacted to […]
Enhanced Rs 1.18 trillion outlay for highways, projects to speed up: FM
Allocating an enhanced outlay of Rs 1.18 trillion for the highways sector for 2021-21, Finance Minister Nirmala Sitharaman on Monday said execution of flagship highways corridors as well as projects are bound to speed up. An allocation of Rs 91,823 crore was made to highways for 2020-21, which was revised to Rs 1.01 trillion. “I […]
Budget: 8,500 km of highway projects to be awarded in FY22, says Sitharaman
Expressing commitment to augment the country’s infrastructure, Finance Minister Nirmala Sitharaman on Monday said projects for building 8,500 km of highways will be awarded by March 2022. While presenting the Union Budget 2021-22 in Parliament, the finance minister said poll-bound West Bengal will see highway projects worth Rs 25,000 crore. “To further augment road infrastructure, […]
Govt to launch national monetisation pipeline for brownfield infra assets
Finance Minister Nirmala Sitharaman said the government will launch national monetisation for potential brownfield infrastructure assets. Sitharaman announced this while presenting 2021-22 Budget in Parliament. “National monetisation pipeline for potential brownfield infrastructure assets will be launched,” Sitharaman said. Last month Road Transport, Highways and MSMEs Minister Gadkari has said that National Highways Authority of India […]