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NEW DELHI: Government has now allowed venture capital, private equity, infrastructure and pension funds to bid for highway projects under Public-Private Partnership (PPP) model, marking a paradigm shift since the sector was opened to private players in the early 2000s. So far, only highway developers and construction companies were eligible to bid for such projects.The…
Prime Minister Narendra Modi arrives in Hyderabad to dedicate development projects worth Rs 9,400 crore, including a PM Mitra Park and a cancer hospital. He will also lay foundation stones for industrial areas and highway upgrades. The visit culminates in a public meeting, signaling the BJP’s focus on Telangana’s political landscape. HYDERABAD: Prime Minister Narendra…
Govt on Tuesday cleared two more semiconductor manufacturing projects, with investment of Rs 3,936 crore, pushing forward its ambitions to build a domestic chip ecosystem under the India Semiconductor Mission (ISM).One of the approvals is for Crystal Matrix (CML), which will set up an integrated facility in Dholera. The unit will focus on compound semiconductor…
The Union Cabinet has approved two new semiconductor manufacturing units with a combined investment of over Rs 3,936 crore under the India Semiconductor Mission (ISM).The projects include the country’s first commercial mini/micro-LED display facility based on Gallium Nitride (GaN) technology and a semiconductor packaging unit, Information and Broadcasting Minister Ashwini Vaishnaw said.The facilities will be…
Following the overwhelming triumph of ‘Deadpool & Wolverine’, Ryan Reynolds is adopting a thoughtful stance regarding upcoming ventures. He’s brainstormed new possibilities but underscores the importance of rarity and intrigue in maintaining the character’s allure, effectively putting an immediate follow-up on hold. Ryan Reynolds says he is not rushing back into more Deadpool content, even…
Prime Minister Narendra Modi is on a two-day visit to Sikkim, where he is participating in the State’s Golden Jubilee celebrations of statehood. During the event, the Prime Minister described the Northeast as India’s “Ashtalakshmi” and highlighted the Himalayan State’s significance within it. During the visit, he also inaugurated and laid the foundation stone of…
NEW DELHI: The Union cabinet Saturday approved two railway multi-tracking projects worth Rs 24,815 crore. Covering 15 districts across Uttar Pradesh and Andhra Pradesh, these projects will increase Indian Railways’ network by about 601 km. The projects are the 403- km Ghaziabad-Sitapur 3rd and 4th lines in Uttar Pradesh and the 198- km Rajahmundry-Visakhapatnam 3rd…
The National Bank for Financing Infrastructure and Development (NaBFID) has signed a Memorandum of Agreement with Projects Development Company of Rajasthan Limited (PDCOR) to strengthen advisory services for state and city-level infrastructure projects.The agreement will also allow both institutions to jointly explore financing and transaction advisory opportunities, including transaction structuring, commercial and technical due diligence,…
The Cabinet Committee on Economic Affairs has approved two multi-tracking railway projects worth Rs 24,815 crore covering Uttar Pradesh and Andhra Pradesh, aimed at easing congestion and boosting freight and passenger movement, a government release said.The two projects–Ghaziabad-Sitapur 3rd and 4th line, and Rajahmundry (Nidadavolu)-Visakhapatnam (Duvvada) 3rd and 4th line–are targeted for completion by 2030-31….
NEW DELHI: People getting compensation for land acquired for national highway projects have been exempted from payment of income tax and stamp duties, a move that will bring relief to a large number of landowners and farmers. The Union road transport ministry has said that no deduction of tax at source (TDS) shall be made…
