Infrastructure – Ecostar Business

Investment in infra sectors

Ecostar Editor MagJuly 6, 20211666 Views0

Fuel for economic growth Through various amendments, the government is trying toopen up more sources of investments in the infrastructuresector, besides equity infusion in the NIIF infrastructuredebt financing platform. Over a period, these investmentswill collectively reflect economic development. urag Singh Thakur, Union Minister of State for AFinance and Corporate Affairs has said recently in theparliament that the government has been contemplating infusing more investments prioritising growth of infraand health sectors to streamline the economy. For this, he saysthe government has taken various steps. For enabling debt financing of Infrastructure Investment Trust (InvITs) and Real Estate Investment Trusts (REITs) by Foreign Portfolio Investors included in the Finance bill 202...

Infrastructure

Airfare refund still pending

Ecostar Editor MagFebruary 15, 20211357 Views0

On 1st October 2020, Supreme Court ordered full refund for tickets booked during the coronavirus lockdown for domestic or international travel up to May 24. The Directorate General of Civil Aviation (DGCA) proposed either a refund or credit shell plan to reimburse passengers whose flights were cancelled during the nation-wide lockdown. A three-judge bench led by Justice Ashok Bhushan said tickets booked through travel agents would be refunded through travel agents. But the travel agent plays hide and seek games under the cover of providing everything online. For many passengers, the travel agents haven't still refunded the ticket fare. Travel agents like MakeMyTrip seem to take customers for a ride. A call to their customer care sends an automatic reply “Any Refund for this request is...

Infrastructure

AP Road Project with NDB support

Ecostar Editor MagFebruary 15, 20211430 Views0

The NDB funded road projects coming up in Andhra Pradesh will also have a positive impact on employment generation and economic well-being. The Union government Government of Andhra Pradesh and the New Development Bank (NDB) signed $323 million loan arrangement for two projects.The first project. Andhra Pradesh Roads and Bridges Reconstruction Project comprises widening 1,600 km of State Highways to double lane and reconstructing dilapidated bridges. The second project. Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project comprise widening 1.400 km of district roads to double lane and reconstructing dilapidated bridges on the district road network. The two projects are expected to improve mobility and connectivity to the socioeconomic centres, enhance trans...

Infrastructure

Light House Projects: Across six States

Ecostar Editor MagFebruary 15, 20211482 Views0

Prime Minister Narendra Modi Prime Minister Narendra Modi laid the foundation stone of Light House projects (LHPs) under Global Housing Technology Challenge (GHTC)- at six sites across six States. According to the Prime Minister, the lighthouse projects are examples of the government approach to one-time housing schemes. Indians have chosen a different approach. adopting a different route and better technology to complete the projects faster, These lighthouse projects will be made up of modem technology and innovative processes and reduce the construction time and make a more resilient.affordable and comfortable house for the poor. Deploying wonderful technologies, houses built across the country under government schemes will change India’s landscape with small cities carrying a mo...

Infrastructure

Rail Vikas Nigam: High-speed completion

Ecostar Editor MagFebruary 15, 20211349 Views0

In a record speed, RVNL completed Marathwada Rail Coach Factory Latur project. The Factory is expected to contribute significantly to the overall development of the region, heralding a modern industrial ecosystem around. Notwithstanding Covid- 19 related lockdowns and challenges. Indian Railways' PSIJ. Rail Vikas Nigam (RVNL) commissioned Marathwada Rail Coach Factory, Latur. Maharashtra. 25th December 2020. the Good Governance Day, with the production Of the first coach shell. The factory was commissioned only about two years ago. The project cost was 500 crore, besides the land cost of 120 crores, Marathwada Rail Coach Factory is going to significantly contribute to the overall development of this aspirational region of Maharashtra by heralding a modern industrial ecosystem. Thi...