Environmental impact assessment report on Vizhinjam Port by month-end
Amid a fresh grievance filed at IFC against the much-delayed Vizhinjam project, the head of the proposed port said the complaint will have no material impact as the Rs 4,000-crore port is bound by a
National Housing Bank gets US$100 mn loan from World Bank
With an aim to create a significant social and developmental impact in the housing sector, the World Bank has approved a concessional loan of US$100 million to the National Housing Bank (NHB) for
Global investments in developing countries should triple in 20 years -World Bank
The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial
World Bank approves financial packages for road and housing projects
The World Bank has sanctioned two financing packages worth US$318 million (approx Rs 1,700 crore) to fund road improvement projects and low income housing development in India.
JICA offers to fund Lucknow Metro project, Agra-Lucknow expressway in Uttar Pradesh
The Japan International Cooperative Agency (JICA) while seeking details of the host of infrastructure projects in Uttar Pradesh at a meeting with Chief Secretary Jawed Usmani on 13 May has offered the
International Monetary Fund sees India grow 5.8% in FY14
The International Monetary Fund (IMF) has pegged India’s gross domestic product growth at 5.8 per cent during 2013-14, marginally higher than the decadal-low of 5 per cent in 2012-13. It has however,
India has infra deficit of US$1 trillion – Chidambaram tells World Bank
Indian Finance Minister P Chidambaram has told the World Bank India has US$1 trillion infrastructure deficit over the next five years, which needs private sector participation to bridge the funding gap.
World needs US$70 trillion in infrastructure spending by 2030 to eliminate poverty
A World Bank executive on 17 March said that the world will need to spend US$70 trillion on infrastructure to completely eliminate extreme poverty in one generation, a colossal amount that can be raised if government partner with private sector. Sri Mulyani Indrawati, managing director of the World
Work on Pune Metro Rail project gaining momentum, first OSD appointed next SPV
The standing committee of the Pune Municipal Corporation (PMC) has approved the appointment of Shashikant Limaye, a retired engineer of the Indian Railways, as officer on special duty (OSD) for the execution of the Pune’s metro rail project.
National Housing Bank to raise Rs 14,000 crore in 2013-14
The National Housing Bank (NHB), a refinancier to banks and housing finance companies to promote lending to low-income households is planning to raise Rs 14,000 crore in 2013-14 from the market for its operations, including a Rs 6,000 crore for the Golden Jubilee Rural Housing Finance Scheme.
Akhilesh Yadav seeks World Bank’s aid for accelerating infrastructure development
The Uttar Pradesh state government has sought World Bank’s assistance of over US$3.5 billion over the next 3-5 year with an eye of achieving a growth of 8.5 per cent during the 12th Plan period.
World Bank projects India to grow 6% in 2013-14
After a lull 2012-13, the World Bank sees India to jump back to a higher growth trajectory, by clocking a gross domestic product (GDP) growth of 6 per cent in 2013-14. It believes that the economy will even grow higher thereafter, on the back of global recovery.
World Bank lines up US$4.83 billion assistance for developing infrastructure
The World Bank has lined up US$4.83 billion loan to India for the next five years as a part of the assistance program to help boost economic development across the country.
Look East policy cheers seven sisters
The Union budget’s emphasis on ramping up infrastructure under India's Look East Policy has been welcomed by the northeast.
Roads and bridges get Rs 32,400 crore in FY14, 47% more than last year
The outlay for Ministry of Road Transport and Highways has been fixed at Rs 32,360 crore for 2013-14. Of this Rs 3,300 crore has been allocated for North Eastern Region and Sikkim.