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Construction & Infrastructure News

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

Scrapping of export duty on iron ore

February 2016

The mines ministry has recommended scrapping of export duty on iron ore to bolster miners...

Mines Ministry, Iron Ore, Finance Ministry

Mining Equipment Sector Ablaze

February 2016

India's national Budget 2016 is scheduled on February 29, 2016. Industry is rife with guesstimates, speculations, recommendations to the Finance Mini...

National Budget 2016, Finance Ministry, Make in India, Infrastructure Projects, Mining Equipment, Building Synergy, Crawler Dozers, Excavation Equipment, Excavators

Govt may increase Rs.70k-cr planned capital infusion for PSBs

February 2016

The Finance Ministry is considering infusing more than the announced Rs.70,000 crore in public sector banks to help strengthen their balancesheets.ยด...

Finance Ministry, Balancesheets, Public sector banks, Arun Jaitley, Budget 2016-17, PSB

MNRE to approach FinMin to raise Rs.10,000 crore via tax free bonds

February 2016

Ahead of the Budget, the Ministry of New and Renewable Energy is planning to approach Finance Ministry to seek its permission for raising Rs.10,000 c...

Budget, Ministry of New and Renewable Energy, 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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