Archive for the ‘Infrastructure Sector’ Category

PM reviews key infrastructure projects in Maharashatra – go ahead given for Major Airport Projects at Mumbai, Pune and Nagpur

Comments Off | 11-14-2013

The Prime Minister held a meeting today with the Chief Minister Maharashtra, which was attended by the Agriculture Minister, Finance Minister, Deputy Chairman, Planning Commission, Deputy Chief Minister of Maharashtra and Senior Officers of the Govt. of India and the State Government.
The meeting discussed Key Infrastructure Projects in Maharashtra which needed to be fast tracked

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IRCON Bags Two Top Infrastructure Awards for Exemplary Performance

Comments Off | 11-2-2013

IRCON International Limited, a Public Sector Undertaking in construction sector under the Ministry of Railways, was selected as the Top Infrastructure Company under the category Construction Infrastructure Development – Mid at the “Dun and Bradstreet Infra Awards 2013” for delivering exemplary performance by Dun & Bradstreet (D&B), the world’s leading provider of global business information,

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Ministry of Tourism welcomes the decision of Ministry of Finance regarding inclusion of Hotels and Convention Centres in the Harmonized Master List of Infrastructure Sub- Sectors

Comments Off | 10-23-2013

The Union Minister for Tourism Dr. K. Chiranjeevi today welcomed the decision of the Ministry of Finance to include Hotels with a project cost of more than Rs 200 crore each at any place in India and of any star rating, and Convention Centre with a project cost of more than Rs. 300 crores each,

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Speech by the Union Finance Minister Shri P.Chidambaram at the Announcement of First Closure of IDFC’s Second Infrastructure Fund in Washington D.C.

Comments Off | 10-12-2013

Following is the text of the Speech by the Union Finance Minister Shri P.Chidambaram at the announcement of “First Closure of IDFC’s second Infrastructure Fund in Washington, D.C. yesterday:
“Ladies and Gentlemen, I’m honoured to be here today amidst this distinguished gathering. I look back to the day in 1997 when IDFC was established by the

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Operationalization of Infrastructure Debt Funds – Removal of certain impediments

Comments Off | 09-25-2013

The Cabinet Committee on Economic Affairs has approved the following steps to promote the operationalization of Infrastructure Debt Funds (IDFs):
(a) Capping of the annual Guarantee Fee payable to the Concession Authority at 0.05% p.a. of outstanding debt financed by the IDF NBFC (Non Banking Financial Companies) for the first three years of operation of the

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Proposal to provide capital funds to India Infrastructure Finance Company Ltd. (IIFCL)

Comments Off | 09-13-2013

The Union Cabinet today approved the proposal to provide capital funds of Rs. 400 crore to the India Infrastructure Finance Company Ltd (IIFCL) during 2013-14 with a proviso that further release within the authorized capital may be made with the approval of Finance Minister subject to budgetary allocations being available. It will help IIFCL in

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Deadlines set for key infrastructure project investments

Comments Off | 07-26-2013

A meeting of the Steering Group appointed by the Prime Minister to accelerate Infrastructure Investment in its first meeting has finalized deadlines with time lines for the intermediate steps for key infrastructure projects. The progress on the intermediate steps will be monitored on a regular basis.  The deadlines will ensure

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PM’s initiatives to accelerate Infrastructure Investments.

Comments Off | 07-15-2013

1- Steering committee for Infra Projects estimated at Rs. 1 Lakh crore
The first meeting of the Steering Group to accelerate infrastructure investment will be held on Friday 19th July, 2013 and chaired by the Principal Secretary to the Prime Minister. Secretaries in the departments/ Ministries of Finance, Planning Commission, Economic Affairs, Road, Transport & Highways,

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Modified Industrial Infrastructure Upgradation Scheme (MIIUS)

Comments Off | 07-11-2013

The Cabinet Committee on Economic Affairs has approved the Modified Industrial Infrastructure Upgradation Scheme (MIIUS) with an approved outlay of Rs.1030 crore for the 12th Five Year Plan period consisting of Rs. 450 crore for committed liability and the remaining Rs. 580 crore for taking up 14 to16 new projects including a minimum 2 projects

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Finance Minister Launches Maiden infrastructure Debt fund (IDF) Scheme of IIFCL Mutual Fund for Catalysing Investment in Infrastructure Sector; FM for Mobilsation of Resources From Insurance and Pension Sector for IDFs

Comments Off | 06-19-2013

The Union Finance Minister Shri P. Chidambaram said that for Infrastructure Debt Funds (IDFs), we should try to mobilise resources from insurance and pension sectors as these funds are available for long term horizon. The Finance Minister Shri Chidambaram was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund (IDF) here today. The

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