10
Monday
December 2018
7:52 AM IST
News Headlines
Kohli booed by Australian fans, Head, Ponting critical of crowd behaviour        Pujara, Rahane put India in driver's seat        Prabhu links creativity & business opportunities to cheap beverages in Goa        Merkel gets boost with ally's party win        Rouhani warns weakened Iran less able to fight trafficking        More than 225 terrorists killed in J&K so far this year: Army        Glad key people shedding fear, breaking silence on govt decisions: Chidambaram        Modi used surgical strikes for 'political capital': Rahul        Krishnamurthy Subramanian appointed as Chief Economic Advisor for 3 years        Indian Super League: Kerala Blasters' Hopes Hanging By A Thread After Defeat Against Pune City        31st GST Council to meet on Dec 22 in Delhi        Trump may nominate Heather Nauert as UN Ambassador: Reports        Qatar injects more cash into Gaza for Hamas employees        TN Governor meets Modi, discusses issues of state        Rajasthan records 74 per cent turnout        Start is Good, Need to Carry Momentum in World Cup: Sardar Singh        Man Utd fight back again but Arsenal extend unbeaten run in four-goal thriller        Cabinet Approves Policy to Double Farm Exports to $60 Billion by 2022        Singer Mika Singh Detained in Dubai for Sending Obscene Messages to 17-year-old: Reports        Conditions Met for Assange to Leave Embassy in London, Says Ecuador President        
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Business News
Gadkari plans Rs 5-tln bond sale to fund large infra projects
 
Mumbai, Nov 2 (PTI) Reiterating that funds are not a constraint for undertaking large developmental projects, Union minister Nitin Gadkari today said nearly Rs 5 trillion can be raised from capital markets, most of which could in fact come from small investors.

"We have undertaken various developmental projects for which we need funds. I've always been saying there is no dearth of funds in the system. We are going to capital markets to raise funds through bonds. I expect small investors to participate in this. We can raise nearly Rs 5 trillion from domestic investors," the Roads and Highways Minister said at a D&B award function here.

Gadkari also urged banks, financial institutions and private players to help develop infra projects and pointed out that his ministry has already undertaken massive infra projects and has set a target of Rs 25 trillion investments in highways and shipping over the next five years. This can create 1 crore jobs and contribute 2-3 per cent to GDP.

"We will be rolling out nearly Rs 7 trillion worth of projects which were recently announced before December 2018.

This is the biggest infra programme and include the Bharatmala programme," Gadkari said, adding that he expects to award nearly 25,000 km of road projects this financial year.

"Financial year 2012-13 saw awarding of 1,916 km, in 2013-14 it was 3,620 km, in 2014-15 it rose to 7,972 km, while in 2015-16, the quantum grew to 10,098 km. Last fiscal, it touched 15,948 km and this year I have kept a target of 25,000 km," Gadkari said.

Apart from building corridors at a cost of Rs 1.2 trillion, lane expansion will be done at 34 places, logistics parks at 35 locations. In addition, wayside amenities will be created at 180 sites over the next two years with each having job potential for many, he said.

On the ambitious Bharatmala project, he said under the first phase, 550 districts will be linked with the NHs.

The ministry will also be undertaking trial-runs of two seaplanes, one each from Japan and Russia, next month.

"We are taking various initiatives to boost tourism.

We will conduct trial runs of sea-planes next month. We are awaiting Cabinet approval for amphibious buses. Besides, we are also taking steps to promote cruise tourism," he said.


Prabhu links creativity & business opportunities to cheap beverages in Goa
31st GST Council to meet on Dec 22 in Delhi
Cabinet Approves Policy to Double Farm Exports to $60 Billion by 2022
RBI keeps key rates unchanged
NTPC wins 85 MW solar capacity in UP Govt tender
Maintain status on currency management, HC tells SBI
Amway India enters herbal skincare space
New 2018 Maruti Suzuki Ertiga Launched In India, Prices Start At ? 7.44 lakh
Centre's New Move May Escalate Feud With RBI Ahead Of Board Meet: Report
Air India eyes Rs 800 cr from sale of over 70 properties
Intel India opens design house costing Rs 1,100 cr at B'luru
Sensex rebounds 332 pts on easing crude, rupee gains
Govt mulls second round of 2,500 MW medium-term PPA auction
India invites Swedish companies to explore investment opportunities
Govt cancels ED officer Rajeshwar Singh's leave
Facebook blocks 115 accounts ahead of US midterm elections
Indian norms on PCA, capital are conservative, rule-based: SBI
SBI back in black on credit growth
TN transport employees threaten to go on strike
Ease of biz ranking: Indian can improve further, says Jaitley
KERALA NEWS
Activist Rehana Fathima, Who Attempted Sabarimala Trek, Arrested Over Facebook Post
 (Kochi, Nov 28, 2018): Model and activist Rehana Fathima, who tried to reach Kerala's Sabarim  
Good news for Keralite Nurses: IELTS cut-off reduced to 6.5
BJP leader K Surendran, 71 others granted bail
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
INTERNATIONAL NEWS
Merkel gets boost with ally's party win
 Hamburg, Dec 8 (AFP) The victory in a party leadership battle of a close ally of Angela Merkel great
Rouhani warns weakened Iran less able to fight trafficking
Trump may nominate Heather Nauert as UN Ambassador: Reports
Qatar injects more cash into Gaza for Hamas employees
NATIONAL NEWS
More than 225 terrorists killed in J&K so far this year: Army
 Kapurthala (Punjab), Dec 8 (PTI) More than 225 terrorists have been killed in Jammu and Kashmir so f
Glad key people shedding fear, breaking silence on govt decisions: Chidambaram
Krishnamurthy Subramanian appointed as Chief Economic Advisor for 3 years
TN Governor meets Modi, discusses issues of state
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