GOVT PENDING PROJECTS
"Financial status of Telangana govt decreasing day by day, Treasury becoming empty": BJP's NVSS Prabhakar
he said that on one side there is the Kaleshwaram project and on the other side there is the power project-inquiry. He questioned how the Congress government was going to pay the pending bills to the contractors.
Solar power and EV policy on priority list of Delhi govt once MCC is lifted
With the conclusion of the country's largest electoral activity and the impending lifting of the Model Code of Conduct, various pending government initiatives and projects in Delhi are poised to gain momentum, as per ToI reports. Among the numerous initiatives of the Delhi government, the mohalla bus service scheme and the second edition of policies regarding electric vehicles and solar power await approval.
Cost overruns in central government projects rise to a 12-month high in April
The Indian government's cost overruns in central government projects reached a 12-month high of 20.09% in April, with 1,838 projects with a value of Rs 150 crore and above costing Rs 33.2 lakh crore. The average time for project completion dipped to 35.4 months from 36.04 in March, with 48% of projects delayed for over two years. The government's focus on infrastructure is expected to continue as a growth driver in the coming year.
IL&FS files writ petition seeking Rs 775 cr in pending annuities from Jharkhand govt
Infrastructure Leasing and Financial Services (IL&FS) has filed a plea with Ranchi High Court, seeking Rs 775 crore in pending annuities and interest from the Jharkhand government for the Jharkhand Accelerated Road Development Project. Despite agreements signed for road development projects, the state government has not released the payments, leading to a legal dispute.
Govt says 448 infra projects hit by cost overrun of Rs 5.55 lakh cr in Oct-Dec
The Quarterly Project Implementation Status Report (QPISR) for the third quarter of 2023-24 revealed that 448 infrastructure projects, each worth Rs 150 crore or more, experienced cost overruns of over Rs 5.55 lakh crore. Out of 1,897 projects, 56 were ahead of schedule, 632 were on schedule, and 902 were delayed. The anticipated completion cost was Rs 31,74,489.91 crore.
Railways’ 100-day plan for new govt: Vande Bharat sleeper coaches, pending J&K rail projects on agenda
Chennai's Integral Coach Factory (ICF), a unit of Indian Railways, is readying the sleeper variant Vande Bharat trains. These trains will be put into service for long-distance overnight journeys soon after the next government takes charge, the officials said. The Vande Bharat trains currently being used have only chair seating, limiting their use to daytime routes which are covered in a few hours. The sleeper variants will bring offer more comfort for passengers undertaking longer journeys.
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Global talk not backed by local walk: Cong slams Modi govt's record on environmental issues
Congress highlights Modi government's environmental failures, pledges reversal in June. Ramesh criticizes weakening of laws, impact on forests, and favoritism towards corporations. INDIA bloc promises to restore environmental protections.
Maharashtra govt’s stamp duty amnesty extension to help redevelopment projects
The scheme that allows property buyers, who have either not paid or paid insufficient stamp duty on their purchase agreements, to regularize the sale by paying duty with a nominal penalty, has now been extended until June 30.
White Paper: From 2G to land for jobs, Modi govt lists all 'UPA scams'
Union Finance Minister Nirmala Sitharaman presented a White Paper on February 8, 2024, showcasing the government's accomplishments over the past decade. The document also shed light on several scams that occurred during the UPA government prior to 2014.
Punjab govt pays banks ₹1,426 crore to complete takeover of GVK Power's facility
The Punjab government has finalized the payment of ₹1,426 crore to banks, including IDBI, to acquire the debt-ridden 540-MW GVK Power's Goindwal Sahib thermal power plant. This settlement, equivalent to 43% of principal dues, marks a significant recovery for banks involved. Litigation delays with the plant owners have now been resolved, facilitating the transaction.
Budget: More leeway for friendly tax steps as direct tax revenue to rise 3x under Modi regime?
Interim Budget: Direct tax collections, comprising personal income tax and corporate tax, are expected to surpass Rs 19 lakh crore in the current fiscal year, providing room for people-friendly tax measures. The collections have grown by 20%, and at this pace, the mop-up is likely to be around Rs 19 lakh crore, exceeding the estimate in the 2023-24 Budget.
Greater Noida’s Sky Garden project to be revived under the new policy of UP government
The Greater Noida authority has issued an order in this regard, allowing Hawelia Group, a real estate developer, to take control of a 22-acre partially completed undertaking known as Shree Radha Sky Garden in Greater Noida.
Maharashtra govt’s new policy to boost ‘Housing for All’, investments, says Housing Minister Save
The Minister further stated that the demand for housing in the state needs to be fulfilled with more real estate development taking place while highlighting that for MHADA's 4000 homes, over two lakh applications were received indicating the strong demand for housing. He requested real estate developers to come forward for redeveloping SRA & MHADA projects and also support in the second phase of PMAY.
Opposition parties slam govt over reported appointment of Adani Energy advisor on Environment Ministry's committee
"Adani Pradhan Sevak appointed Adani employee Janardhan Choudhury as a member of EAC under Environment Ministry. This committee has to approve 6 Adani projects (10,300 MW)," the Kerala Congress claimed on its official X account.
Govt's policy is to open new doors for girls, says PM Modi at Rozgar Mela
Prime Minister Narendra Modi urged government employees to work with a citizen-first spirit and use technology to achieve the goal of making India a developed nation by 2047. He virtually distributed about 51,000 appointment letters to recruits in various state and central government departments as part of the 'Rozgar Mela' campaign to provide 10 lakh government jobs.
Haryana CM launches new e-Bhoomi Portal to further ease land purchase process for govt projects
Haryana Chief Minister Manohar Lal Khattar has launched the e-Bhoomi portal to simplify the process of purchasing land for government projects with the consent of landowners. The portal allows farmers and aggregators to offer land for government projects, with a minimum offer of 10 acres required for aggregators.
Maharashtra govt says no stamp duty on redeveloped housing society apartments
On Wednesday, the state government issued a notification to this effect in line with the Bombay High Court’s ruling pronounced in February. This has put an end to long-drawn litigation pending since 2006 and is a major relief for the real estate sector, especially the redevelopment segment.
DMRC-DAMEPL face off: Accrued arbitral award of Rs 8,000 cr may have the power to derail Delhi Metro
DMRC has been asked to pay to the private entity an amount which is enough to fund the post-matric scholarships of about 66 lakh Scheduled Caste children for a year or equivalent to the annual Budget outlay of the Smart City Mission or the domestic power subsidy to provide free electricity to entire Punjab. DMRC, and its 50% stakeholder, the ministry of housing and urban affairs, have found the arbitral award unfair and devoid of merit.
Govt decides to set up high-level committee to fast-track implementation of infra projects along border with China
The meeting was attended by Road Transport and Highways Minister Nitin Gadkari, Railways, Communications and IT Minister Ashwini Vaishnaw, Power Minister RK Singh, Environment Minister Bhupender Yadav and National Security Advisor Ajit Doval.
Prime Minister Modi asks state govts to learn from mistakes on Infra projects
Nine key infrastructure projects worth Rs 41,500 crore-three involving national highways, two from the ministry of railways and one project each was from the ministry of power, ministry of coal, ministry of petroleum & natural gas and ministry of health & family welfare-were reviewed at the meet.
Delhi govt approves repair, redevelopment projects worth Rs 12 crore
The Delhi government has approved repair and redevelopment projects worth Rs 12 crore in the national capital. The projects include repair and redevelopment of the Andrews Ganj and Nehru Place flyovers at a cost of Rs 2.10 crore and culverts at six locations of the Najafgarh drain from Bharat Nagar to Timarpur for Rs 9.90 crore.
GST compensation of Rs 17,176 crore pending to states as on June: Govt in RS
Replying to supplementaries during the Question Hour, Minister of State for Finance Pankaj Chaudhary said the Centre is giving GST compensation to states for five years. He said even during Covid times when no GST was collected, the Government of India had given compensation to states after taking loans of Rs 1.1 lakh crore and 1.59 lakh crore during 2020-21 and 2021-22.
Govt saved banks from Rs 3 lakh cr of NPAs by clearing pending road projects: Nitin Gadkari
"There are 415 projects where 95 per cent of work is complete and are termed as delayed projects. When our government came in 2014, there were projects worth Rs 3.85 lakh projects which were shut for various reasons," he told the house during Question hour.
Delayed highway projects cause massive pile-up of claims, govt says large cases are from UPA days
The numbers come at a time when the government is seeking to reduce litigation and settle disputes in the highway sector as several road projects had been delayed due to disputes between developers and NHAI.
Govt examining proposals from 3 telcos keen to convert pending dues into equity: Telecom Min tells RS
The minister said a one-time option was given to telecom companies to either pay upfront the interest on AGR dues or convert it in the form of equity in lieu of that as part of the structural reforms announced in September last year.
Uttarakhand polls: Congress govts looted, dragged development projects and forced migration, says Modi
Ahead of the 2022 assembly polls, PM Modi inaugurated and laid the foundation stone for 23 projects worth over '17,500 crore at a function in Haldwani of Kumaon region.
Himachal Pradesh BJP govt's 4th anniversary: PM to address rally; launch, inaugurate hydro projects
Besides inaugurating and laying foundation stones of the hydroelectric power projects totalling Rs 11,281 crore, the Prime Minister will also preside over the second groundbreaking ceremony of the Himachal Pradesh Global Investors' meet, the PMO said on Sunday.
Govt's big infra push: PM Modi seeks details of pending projects
Prime Minister Narendra Modi has asked government departments to prepare a list of infrastructure projects that have been delayed due to decisions of courts. He also asked for the departments to account for losses that they incurred to the exchequer by such time overruns. He made this directive at the last Pragati meeting. The Prime Minister reviewed eight projects in the meeting.
RGI turns down Assam govt's request to financially support pending NRC work beyond March 31
The Cabinet Committee on Economic Affairs (CCEA) had approved the revised estimates of Rs 1,602.66 crore up to December 31, 2019 with a condition that the amount would not be revised further before winding up the entire process by March 31 this year.
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