The Asian Development Bank and the Government of India have signed a $190 million loan agreement to upgrade 754 km of state highways and major district roads (MDRs) to two lane or intermediate-lane standards that will benefit about 26 million people in 14 districts of Rajasthan.
The Ministry of Finance has agreed to pay the principal and interest for Rs 50 bn that it raised through extra-budgetary resources to finance strategic railway projects in 2018-19, thus boosting the railways.
India will reportedly be receiving Rs 66.68 bn loan from Japan for various development projects, such as developing Phase-II of the Chennai Metro project, a dairy development project and a programme for Japan-India cooperative actions towards sustainable development goals in India.
Manish Kumar Sinha, Joint Secretary (TRU-II), Department of Revenue, Ministry of Finance and Secretary-GoM (Group of Ministers), Real Estate under GST regime, Government of India has suggested that the construction
Fourteen Coastal Economic Zones have been identified along the coastline of the country under the National Perspective Plan (NPP) of the Sagarmala Programme, informed Minister of State for Shipping and Finance Pon Radhakrishnan in a written reply to Lok Sabha.
CRISIL, in consultation with the Ministry of Finance and other stakeholders, has developed a new credit rating framework for infrastructure projects that would facilitate greater participation by long-term investors and lenders.