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The Sabarimala Master Plan is aimed at easing the pilgrimage experience for the devotees who undertake a daunting journey through forests lacking basic amenities. Features of the Plan A Comprehensive Sabarimala Master Plan has been prepared with the objectives of planned overall development of: Sannidhanam area, the abode of Lord Ayyappa on the mountain top. ..
Indian Army signed a an agreement with NHPC (National Hydroelectric Power Corporation) Limited. The pact is signed to build 4 underground tunnels along China and Pakistan borders for storage of ammunition and other war-related equipment. 3 tunnels will be built along the Chinese border and one tunnel will be built along the Pakistan border. The ..
In New Delhi, the Government of India (GoI) has signed a $300 million loan agreement with Asian Development Bank (ADB) to support India Infrastructure Finance Company Ltd (IIFCL) that provides long-term finance to infrastructure projects. The move is expected to enhance the availability of long-term finance for Public-Private Partnership (PPP) projects, improve operational capacity of ..
The Union government has constituted a ministerial panel headed by the finance minister to decide about fund allocation for infrastructure projects from the Central Road and Infrastructure Fund (CRIF) announced in the budget. The 4-member committee will approve recommendations made by the sub-committee headed by the Economic Affairs Secretary on list of infrastructure projects to ..
India will host the 3rd annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Mumbai on June 25-26, 2018. It will be jointly hosted by the Department of Economic Affairs (DEA) and AIIB. The theme for 2018 meeting is “Mobilizing Finance for Infrastructure: Innovation and Collaboration” that will see leaders from varied organizations and ..
Asia Africa Growth Corridor is a joint initiative of India and Japan. It was launched in May 2017. Its detailed roadmap has been prepared by three agencies viz. Research and Information System for Developing Countries (RIS) New Delhi, the Economic Research Institute for ASEAN and East Asia (ERIA) Jakarta, and Institute of Developing Economies (IDE-JETRO) ..
The first regional conference on ‘Mass Rapid Transport System (MRTS) for Urban Areas – Opportunities and Challenges was held in Kolkata, West Bengal on March 13, 2018. The conference was jointly organized by Ministry of Finance, AIIB, ASSOCHAM and Research and Information System for Developing Countries (RIS). Before the 3rd annual meeting of Asian Infrastructure ..
On 16 August, the Union Cabinet has approved a new Metro Rail Policy which seeks to enable realization of growing metro rail operations in large number of cities in a responsible way. Salient Features The salient features of this policy are as follows: It opens a big window for private investments in metro operations by ..