NABARD gives financial support of Rs 42,313 cr in FY’20 for rural infra

Apex agriculture financial institution NABARD has extended Rs 42,313 crore financial support during 2019-20 for building rural infrastructure. The financial institution has so far this fiscal disbursed Rs 20,869 crore in addition to providing Rs 5,686 crore for rural connectivity, a statement by NABARD said. Recognizing that the social aspect of economic development is equally […]

Slow ‘vikas’ of industrial corridors irks Parl panel

Taking note of slow pace of work on five industrial corridors-Delhi-Mumbai, Chennai-Bengaluru, Amritsar-Kolkata, Vizag-Chennai and Bengaluru-Mumbai Corridors, a Parliamentary Committee on Ministry of Commerce and Industry, expressed its displeasure at their slow pace of their development and urged the Department to expedite their construction to provide much needed thrust to the Indian industry. The Committee […]

IL&FS seeks extension of bid validity for 5 road projects facing Rs 10,500-crore debt

Being steered by a government-appointed and eminent banker Uday Kotak-led board on its path to recovery, crisis-hit IL&FS has sought extension of bid validity for five road projects that are faced with debts totalling over Rs 10,000 crore. Infrastructure Leasing and Financial Services (IL&FS) had received time-bound binding bids for these five road projects, but […]

IL&FS seeks extension of bid validity for 5 road projects facing Rs 10,500-crore debt

Being steered by a government-appointed and eminent banker Uday Kotak-led board on its path to recovery, crisis-hit IL&FS has sought extension of bid validity for five road projects that are faced with debts totalling over Rs 10,000 crore. Infrastructure Leasing and Financial Services (IL&FS) had received time-bound binding bids for these five road projects, but […]