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Construction & Infrastructure News

Draft accounting rules for real estate projects issued

June 2017

The Finance Ministry, in May, issued a fresh draft of the Income Computation and Disclosure Standard (ICDS) for real estate transactions, which could...

Finance Ministry, ICDS, Real estate transactions, RERA, POCM, CBDT

Sandeep Upadhyay, Managing Director and CEO, Centrum Infrastructure Advisory Limited

February 2017

Budget should focus on higher funds allocation to infrastructure and improving domestic macroeconomic fundamentals The priority of the Budget should...

Budget, GST, Post-demonetisation phase, GDP ratio, PSB, PSU, NPA, IIFCL, IREDA, PFC, REC, Finance Ministry, NIIF, NPA, MAT

Sandeep Upadhyay, Managing Director and CEO, Centrum Infrastructure Advisory Limited

February 2017

Budget should focus on higher funds allocation to infrastructure and improving domestic macroeconomic fundamentals The priority of the Budget should...

Budget, GST, Post-demonetisation phase, GDP ratio, PSB, PSU, NPA, IIFCL, IREDA, PFC, REC, Finance Ministry, NIIF, NPA, MAT

Railways seek Rs.1.19 lakh cr for safety works

December 2016

As the separate Rail Budget is being merged with the General Budget, the Indian Railways has urged the Finance Ministry to allocate Rs 119,183 crore ...

Rail Budget, Finance Ministry, Rashtriya Rail Sanrakshan Kosh, National Rail Conservation Fund, Track improvement, Bridge rehabilitation, Safety works

Budget merger may save Railways Rs 10,000 crore

September 2016

Cash-strapped Railways will save about Rs 10,000 crore annually as it will no longer have to pay dividend if the separate Rail Budget is scrapped, wh...

Railways, GBS, Finance Ministry, Rail Budget, Cabinet

Digital infra projects to be speeded up

September 2016

Around Rs.10,000 crore will be spent from the USO Fund in 2016-17 to speed up digital infrastructure projects even as the Finance Ministry remains co...

USO Fund, Digital Infrastructure projects, JS Deepak, Finance Ministry

Railways records high capital expenditure

May 2016

The Railways have finished the financial year 2015-16 with a record high capex of Rs 94,000 crore, an increase of Rs 37,000 crore over the previous y...

Railways, GBS, Finance ministry

FinMin to release Rs.32,000 cr for IR

February 2016

In some relief to the railways, the finance ministry has restored support to IR from general exchequer to the tune of Rs.32,000 crore for the current...

Railways, GBS, Finance ministry
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