The Prime Minister today laid the foundation stone for redevelopment of Gandhinagar railway station, which will get a face-lift at a cost of Rs 250 crore and will have a 300-room five star hotel built atop.
According to ICRA Research's estimates, the total value of 75 projects proposed to be awarded through the TOT is estimated at Rs 356 billion.
The government said that it would meet its highway construction target of 15,000 km for the current fiscal.
"Developmental works of over Rs 1.06 trillion are getting started in a single city at a single event. This will be a big milestone in the city's history," PM Modi said at a public rally.
Railways have revised the flexi fare structure in premier trains by offering 10 per cent rebate on vacant berths after finalisation of the reservation charts.
In May, the government had imposed a provisional anti-dumping duty for six months on seamless tubes and steel pipes, among others, imported from China
According to the proposal, a safety cess will be levied to generate funds for strengthening track and upgrading signalling system and elimination of unmanned level crossings among other safety-related works to prevent mishaps.
The projects in question, each worth Rs 1,000 crore or more, are part of a total 339 across sectors such as power, railway and roads that were examined by the statistics ministry in August 2016.
Transmission network of Adani Transmissionis set to reach 10350 Ckt km on completion of acquisition ofR-Infra's WRSSS transmission assets.
The order stipulates prohibition regardingmanufacture, import, storage, sale, distribution etc withoutthe Standard Mark of BIS and obligation of certification.
The announcement follows the sale of the long products business to Greybull Capital in May 2016.
Even as the government is going all-out to attract FDI in the infrastructure space, foreign investors are adopting a wait and watch approach, BMI Research said in a report.
The average toll collection per day is Rs 51.59 crore from the fee plazas under NHAI, which is not accruing to the Government with effect from November 9, 2016.
The core sectors expanded by 4.9 per cent in April-October compared to 2.8 per cent growth in the similar period of last financial year.
Sufficient swipe machines will be installed at toll booths with help from SBI and other banks in order to facilitate payments and easy flow of traffic.
The developers who got nod for new zones include Vaxenic India, EON Kharadi Infrastructure and KRC Infrastructure.
Faced with economic challenges, L&T has laid off 14,000 employees across businesses in first half of current financial year.
CBDT did not have any established mechanism to assess the impact of revenue foregone on account of deductions under Section 80 IA on the economy and industrial growth of the country, the government's auditor said.
Yesterday the government had decided that no toll would be charged on National Highways till the midnight of November 18.
The Railways will not have to bear any cost for the facility. Instead, the public transporter is expected to earn from the selected e-wallet players commission on each ticket sold and retainer fees.