As reported, the National Highways Authority of India (NHAI) received the Union Cabinet’s approval for setting up an infrastructure investment trust (InvIT) – permitting the body to monetise its completed national highways and therefore, fulfil its funding requirements.
The Chennai-Kanyakumari Industrial Corridor worth Rs 64.48 billion is expected to become a reality as the Tamil Nadu Government has passed a bill to amend the Tamil Nadu Industrial Township Area Development Authority Act, 1997 (TNITADA).
The Union Budget 2018 has struck a fine balance between fiscal prudence and providing growth boosters to the economy. It is a progressive budget and in line with the development priorities of the Government. The Finance Minister has made a strong attempt to pump prime the rural economy, agriculture and infrastructure sector.