The central government has sanctioned a sum of Rs 43 billion for the construction of ring roads in Jammu & Kashmir. The project is likely to begin in three months. Meanwhile, the expenditure on the […]
The Maharashtra government has sanctioned a Rs 16.22 billion plan for developing infrastructure in 28 Tier II cities. Under the Atal Mission for Rejuvenation and Urban Transformation and Nagar Utthan schemes, projects for water supply, […]
The Ministry of Road Transport and Highways (MoRTH) has approved Rs 36.15 billion for the development of 14 roads (with a total length of 570 km) in Telangana. The state government has also sanctioned Rs […]
In a move that will potentially improve India’s infrastructure funding options, the cabinet allowed state government entities to directly tap bilateral agencies for resources. The new fund-raising route will allow direct borrowing by state public […]
RBI has permitted banks to invest in up to 10 per cent of the unit capital of real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). Banks’ exposure to REITs/InvITs will be within the […]
The government is holding consultations with RBI to prepare guidelines for a fund that is being proposed to be set up to provide guarantees to lower-rated bonds issued by infrastructure companies and bolster their ratings. […]
The Union government has notified the Banking Regulation (Amendment) Ordinance, 2017 to give the Reserve Bank of India (RBI) more powers to tackle bad loans clogging the banking system. The ordinance comes into force immediately […]
Phase II of the Gurgaon Metro Rail Project has been formally inaugurated. The project, however, had already commenced commercial operations in March 2017. It involved the extension of the metro line for 7.1 km along the […]
The Delhi Metro Rail Corporation (DMRC) has increased the Delhi metro fares after a gap of seven years in a bid to sustain its operational costs. The new fare structure is divided into six slabs, […]
The National Mission for Clean Ganga (NMCG) has approved 26 sewage treatment projects worth Rs 21.54 billion for the states of Uttar Pradesh, Delhi, Uttarakhand and Jharkhand. These projects will entail the creation of 188 million […]
The Haryana Urban Development Authority (HUDA) has inaugurated a 15 km water supply pipeline under the Gurgaon Water Supply Augmentation Project. The pipeline has been laid from the Basai water treatment plant (WTP) to Sector […]
The Tamil Nadu government has sanctioned 893 water supply augmentation works to mitigate drought conditions in the state. The works have been sanctioned at an estimated cost of Rs 212.9 million. Of these, 30 projects […]
The Ministry of Urban Development has announced the results of Swachh Survekshan 2017. The survey has ranked 434 cities and towns based on their sanitation levels. Indore has topped the list, followed by Bhopal and […]
NTT Communications has acquired a virtual network operator-international long distance (VNO-ILD) licence in India through its affiliate, NTT Communications India Network Services. The VNO-ILD licence will allow NTT Communications to add Arcstar Universal One International […]
Adpay Mobile Payment Private Limited has formally started its operations in the Indian telecom space, under the brand name Aerovoyce, and has launched its international SIM and internet services in the country. In December 2016, […]
Aircel has partnered with NDTV to launch an interactive voice response and SMS-based service, Hyperlocal News – My City My News. The service aims at offering local, national and entertainment news in English, Hindi, Bengali, […]
Idea Cellular has rolled out a pilot SIM card-based fleet tracking service in partnership with Delhi-based provider of maps and tracking services MapmyIndia. Under the partnership, Idea is offering SIM cards to customers, who need […]
Bharti Airtel has partnered with Facebook to deploy 20,000 Wi-Fi hotspots across the country. The hotspots will be deployed for offering affordable internet services under Facebook‘s Express Wi-Fi initiative.
BSNL, Bharat Broadband Network Limited (BBNL) and the Department of Posts have signed a tripartite agreement to provide broadband connectivity to 130,000 post offices and 25,000 sub-post offices across the country. As per the MoU, […]
Idea Cellular has launched its 4G services in Guwahati and Patna. The operator now offers 4G services in nine towns of Assam, which include Guwahati, Bongaigaon, Nagaon, Tezpur, Jorhat and Lumding. Further, the operator plans […]
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