The Delhi and District Cricket Association (DDCA) made the decision to rename the Feroz Shah Kotla Stadium in a tribute to its former President Arun Jaitley, who passed away recently. It will now be known as the Arun Jaitley Stadium.
As reported, a high profile committee chaired by Finance Minister Arun Jaitley will be looking into the stalled shipping projects worth around Rs 20,000 crore. Over a dozen shipping projects, including the Kandla and Visakhapatnam ports, have been stalled for a considerable time due to numerous reasons, including the projects being abandoned by contractors.
Finance Minister Arun Jaitley has reportedly discussed about getting the real estate sector under the ambit of GST in a lecture he delivered at the Harvard University. The discussions are known to be held on November 9 to keep in check tax-evasion.
The government has reportedly decided to sell a number of Air India’s real estate in order to speed up its divestment. This announcement came soon after it found that some of the properties were in fact not owned by the state carrier but were on a 99-year lease from the government.
The National Investment and Infrastructure Fund (NIIF) will soon be closing its very first major deal with Abu Dhabi Investment Authority who will be approximately investing $5-10 billon in several sectors, with their main focus on transport. The agreement is expected to be signed in the coming weeks, according to reports. In February of the preceding year, the government had signed an MoU with UAE to mobilise approximately $75 billion for NIIF.
The budget reaffirms continued focus on Infrastructure and programmes such as Smart City mission, AMRUT, NMCG, the Regional Connectivity Scheme (UDAAN) etc. as can be seen by increased outlay by 20% from the previous year. The key takeaway form this budget is the thrust on social and rural infrastructure including health, education, housing, agri-value chain and penetration of digital infrastructure.
On February 1, Union Minister for Finance, Arun Jaitley laid out plans for the future of India’s economy in the Union Budget of 2018. The total capital outlay for infrastructure sector has been budgeted to increase by 20.8 per cent to Rs. 5.97 lakh crore in 2018-19.
Bangladesh has recently signed its third line of credit agreement with India worth $4.5 billion for development of its social and infrastructure sectors. The deal was announced when Bangladesh Prime Minister Sheikh Hasina visited India in April this year; it was reportedly finalised during Indian Finance Minister Arun Jaitley’s trip to Bangladesh.