New Delhi, May 15 (IANS) India requires nearly Rs 80 trillion in urban infrastructure investment by 2037 to support rapid urbanisation and economic growth, a report said on Friday.The report from credit ratings agency Brickwork Ratings (BWR) said that urban areas are expected to contribute nearly 70 per cent of India’s GDP by 2036, making sustainable urban financing a national priority.The report said that the central government’s Rs 1 trillion scheme, the Urban Challenge Fund (UCF), represe…
Latest Infrastructure Investment News & Updates
Johannesburg, May 14 (IANS) South Africa’s worsening unemployment is driven by weak economic growth and systemic shortcomings in education and skills development, leaving young people the hardest hit, according to Ravi Naidoo, chief executive officer of the Youth Employment Service (YES).The YES program is a business-led initiative launched in 2018 by South African President Cyril Ramaphosa to tackle youth unemployment, Xinhua news agency reported.In a recent interview with Xinhua, Naidoo said t…
New Delhi, Feb 5 (IANS) When Wayne Madsen takes the field at the Eden Gardens in Kolkata on February 9, he will inscribe his name in the history books for more than one reason. Apart from being the captain of Italy playing its first-ever cricket World Cup match against fellow European nation Scotland, Madsen will join a select list of athletes who have featured in World Cups in two different sports. But in Madsen’s case, it will also be for different nations. Back in 2006, Madsen played in the H…
New Delhi, Feb 2 (IANS) Retired IRS officer and former Assistant Director of the Enforcement Directorate, Anil K. Rawal, on Monday described this year’s Union Budget as a positive and forward-looking policy document that focuses on long-term economic stability rather than short-term market reactions.Speaking to IANS on the budget, Rawal said people should not judge it based on stock market movements.”The budget clearly reflects the government’s direction and long-term priorities,” Rawal told…
Mumbai, Feb 1 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Sunday said that the budget presented by Union Finance Minister Nirmala Sitharaman under the leadership of Prime Minister Narendra Modi is a strong move towards a developed India. He claimed that Maharashtra’s share from central taxes will be Rs 98,306 crore, adding that apart from this, according to the preliminary estimate of the budget, Rs 12,355 crore is for various projects.“Therefore, Maharashtra will get about Rs 1 lak…
Hyderabad, Jan 29 (IANS) Global aerospace giant Airbus has projected India’s commercial aircraft fleet to triple in size to 2,250 aircraft over the next decade, as the country grows to become the third-largest civil aviation market in the world by 2035.This fleet expansion is driven both by the Indian aviation market boom and the Indian airlines’ ambition to expand on international routes, a top Airbus executive said on the sidelines of Wings India 2026, the aviation exhibition and summit, h…
New Delhi, Jan 26 (IANS) As India approaches Union Budget 2026-27, industry sentiment points to a clear shift from headline announcements to policy direction, continuity and execution, a survey showed on Monday.Against global uncertainty and a calibrated fiscal consolidation path towards a deficit of about 4.4 per cent of GDP, Budget 2026 is being read as a signal of India’s medium-term economic intent, according to Grant Thornton Bharat’s ‘Pre Budget Survey 2026’.With the economy expect…
Washington, Jan 10 (IANS) President Donald Trump said his administration’s plan to revive Venezuela’s oil production would help reduce energy costs in the United States while reinforcing American energy dominance.Speaking to oil and gas executives at the White House on Friday, Trump said Venezuelan crude would complement record US production and strengthen supply.“One of the things the United States gets out of this will be even lower energy prices,” Trump said.He cited recent gasoline p…