PM Modi to lay foundation stones for Varanasi projects

PM's Gati Shakti Boosts Social Security

Prime Minister Narendra Modi's Gati Shakti initiative is poised to significantly contribute to expanding social security through the development of urban infrastructure. This ambitious project aims to bolster connectivity and accessibility, laying the foundation for inclusive growth and improved quality of life across India.

Gati Shakti, launched by PM Modi, focuses on enhancing connectivity through integrated planning and coordination among various infrastructure sectors. By prioritising urban infrastructure development, the initiative aims to address key challenges related to mobilit..

Modi govt's solar plan faces three major obstacles

Lakshmi Narayan recounted how he had been among the first to embrace solar energy back in 2020. He recalled the decision to install solar panels on his roof in Bhopal, a city in India, driven by his wish to contribute to the shift away from fossil fuels toward cleaner energy sources.

Expressing his perspective, Narayan, now 60 years old, explained, "I recognized the significance of renewable energy and felt it should be adopted universally." He mentioned how his initiative had inspired others in the capital of Madhya Pradesh, prompting them to follow suit.

A new government init..

RBI's new rules could disrupt Modi's key economic plan

The Reserve Bank of India is considering enforcing a rule that may dampen the spirits of India?s capital expenditure momentum, a highlight of the tenure of the Narendra Modi government at the Centre.

It has been reported that the RBI has issued draft guidelines asking lenders in India to increase their provisioning for infrastructure projects which are under construction and to ensure strict monitoring of any emerging stress.

Provisioning essentially involves lenders allocating a specific portion of their balance sheets as reserves to cover expected future losses.

Howev..

IIFCL's FY24 disbursement surges 62% to Rs 223.56 bn

The state-owned India Infrastructure Finance Company announced a disbursement of Rs 223.56 billion in the fiscal year 2023-24 (April-March), marking a 62% increase compared to the previous year. This surge indicated a heightened demand for longer tenure financing within the infrastructure sector. As of March 2024, the cumulative disbursement on a consolidated basis amounted to about Rs 1.48 trillion.

During a post-earnings press conference, Padmanabhan Raja Jaishankar, the Managing Director of IIFCL, stated that the proportion of completed and operational assets had been steadily g..

Biden's Tariffs Signal U.S. Trade Policy Shift

In a significant move signaling a strategic shift in U.S. trade policy, President Joe Biden has announced new tariffs targeting a range of Chinese clean tech exports. This move comes amidst a backdrop of increasing tensions between the world's two largest economies and a growing emphasis on decarbonization efforts globally.

The escalation of tariffs, particularly on goods such as Chinese electric vehicles and solar cells, underscores Biden's aim to address both climate change and the need to reduce dependency on Chinese manufacturing. While some may view these tariffs as primarily symb..