ITDP - India’s Post

#TamilNaduBudget2024 #Transport #Highlights 💰 ₹20,043 crore allocated to the #Highways and Minor Ports Department   🚌 #Freebus travel for women expands to mofussil buses in #hilly regions like #Kodaikanal, #Nilgiris, and #Valparai, with a ₹3,050 crore allocation for implementation 🚌 This financial year will see the #procurement of 3,000 new #buses and 500 battery-operated vehicles 🛣️ Completed #Road #widening projects cover 1,262 km at an estimated cost of ₹2,587 crore, with ongoing works valued at ₹4,881 crore 🚧 Construction of 16 #bypass roads in Tamil Nadu aims to ease city traffic, costing ₹2,824 crore 🌧️ To prevent monsoon disruption, construction of 1,113 #highlevel bridges, totaling ₹2,006 crore, is ongoing; 683 are operational 🚇 ₹12,000 crore is allocated by the Tamil Nadu government for Chennai Metro Rail phase II. 🚉 Phase II covers over 116 km, with completion of the Poonamallee to Kodambakkam stretch expected by December 2025 Government of Tamil Nadu #Budget #Roads #Buses Read More : https://lnkd.in/eTbFTgnn  

Realtors in Gurgaon are hopeful for growth-oriented reforms in the upcoming Union Budget. Key demands include industry status, GST revisions, and infrastructure funds to boost the real estate sector. #Gurgaon #RealEstate #UnionBudget2024 #Reforms #GST #Infrastructure #UrbanDevelopment #Housing #Economy #India #Builders

India Aiming to Monetize $24 Billion Worth of Highways by 2027 About 4,500 kms of roads likely to be commissioned every year Infra Investment Trust may be one of the ways to monetize The Indian government is expected to monetize close to two trillion rupees ($24.1 billion) worth of highways over the next few years, a rating agency has said. With 4,000 kilometers to 4,500 kilometers (2,796.2 miles) of new roads likely to be commissioned annually by the National Highways Authority of India over the next three years, the government can monetize these assets through a Infrastructure Investment Trust or toll-operate-transfer model, CareEdge Ratings said in a note on Thursday. #business #finance #financialservices

Key Announcements & Sector Impact:  #infrastructure : 11.1% increase in infrastructure spending to 11.1 Lakh Crore (Approx. 3.4% of FY25 GDP) #transport & #Logistics: Implementation of 3 major railway corridor programs under PM Gati Shakti for higher efficiency and lower logistics cost, Expansion of existing airports and development of new airports under UDAN scheme. #realestate: PM Awas Yojana (Grameen) achieved target of 3 Cr houses, additional 2 Cr targeted for next 5 Years Housing for middle-class scheme to be launched. #cement: Target 2 Crore more houses in next 5 years, Focusing on Housing for middle class may benefit Cement Companies. #insurance: Healthcare Cover under Ayushman Bharat Scheme will be extended to more Government workers. The interim budget prioritized fiscal prudence while maintaining high-quality capital expenditure, reinforcing India's robust macroeconomic situation and the government's commitment to economic health. Positive sentiments persist in domestically facing sectors like Auto, Cement, and Telecom, while a contrarian view considers select consumer staple names alongside Financials and Insurance as attractive opportunities. Despite strong macros, expensive valuations suggest a need for hybrid and multi-asset allocation schemes to manage exposure effectively. Existing investors are advised to stay invested, with a focus on schemes offering flexibility to navigate between market cap and sectors. Overall, dynamic macroeconomic conditions may favor Hybrid & Multi Asset Allocation schemes in the future. #financeeducation #finance #financegoals #mutualfunds #financialplanning #budget2024 #stockmarket #wealthmanagement #investmentstrategy #investmentplanning #investing

INDIA NEWS UPDATE Prime Minister Mr. Narendra Modi, addressing an event in Mumbai's Goregaon suburb, shared insights from a recent RBI report revealing the creation of eight crore new jobs in India over the past three to four years. Emphasizing the significance of skill development and employment opportunities, he underscored the government's dedication to fostering growth in these areas. Additionally, he inaugurated and laid the foundation stone for infrastructure projects totalling Rs. 29,000 crores (US$ 3.47 billion) in the road, railway, and port sectors, aimed at bolstering connectivity and stimulating economic activity in the region. Prime Minister Mr. Narendra Modi's vision extends beyond mere job creation and infrastructure development, as he envisions Maharashtra as a global financial powerhouse and Mumbai as a leading fintech capital. By attracting small and large investors to the region, the government aims to capitalise on economic growth momentum and position Maharashtra as a key player on the global financial stage. This strategic focus on infrastructure, skill development, and economic growth underscores the government's commitment to driving progress and prosperity in the country.

India's infrastructure has seen a strategic boost with a notable rise in capital expenditure. From ₹2.29 lakh crore in 2013-14 to ₹13.7 lakh crore in 2023-24, the central government's capex surged six-fold. This shift, evident in the jump from 9% to 21.3% of total government spending on capex, highlights India's commitment to building a better future. #IndianEconomy #EconomicGrowth

Mumbai & it's Metropolitan Region is getting future-ready for which the Mumbai Metropolitan Region Development Authority (MMRDA) needs to infuse roughly Rs 3 lakh crore in the next few years. NITI Aayog had stressed the need for the Maharashtra govt to create an economic master plan with focus on urban planning in order for Mumbai and MMR to sustain India's goal of becoming a $30 trillion economy by 2047. A draft master plan is under preparation to raise MMR's GDP from $140 billion to $300 billion. As a beginning to achieve this long term plan, for which the MMRDA has tied up with various financial institutions, loans to the tune of over Rs 80000 crore is already in place. This is for developing infrastructure, public housing, land management, and transportation network. #Mumbai #Economy https://lnkd.in/dWVzVu_d

📢 Important Update:- From Trash to Cash: Government Gains Rs 600 Crore, Equaling Chandrayaan-3 Budget. The Indian government has discovered a unique revenue source, generating nearly Rs 600 crore by selling scrap items like outdated files, discarded office equipment, and obsolete vehicles until August. This sum, equivalent to the Chandrayaan 3-mission budget, could surpass Rs 1,000 crore by October. They are launching Special Campaign 3.0 from October 2 to October 31, emphasizing cleanliness and reducing administrative backlog, aiming for almost Rs 400 crore in revenue compared to the previous year's Rs 371 crore. This ongoing effort has yielded approximately Rs 20 crore per month since its inception after the last campaign in November. #fundsutra #governmentrevenue #scrapsale #cleanindia #chandrayan3budget #resourceutilization #revenuegeneration #financialnews #finance #newsupdate #indianews #indianewsupdate #businesnews #financialanalysis #stockmarket #financialfreedom #news #money #business #investment #trading #india #financialliteracy #pune #pcmc #aurangabad #mumbai #thane #nashik #ahmedabad #bangalore #hyderabad

We are pleased to share the 124th edition of our newsletter 'BLINK'. Please find the link: https://lnkd.in/gHDRDzZM The Indian government is leading a monumental infrastructure overhaul, aiming to elevate the economy to $5 trillion by 2027. The Interim Budget 2024-25 allocates ₹11.1 lakh crore for infrastructure, marking an 11% increase and representing 3.4% of the projected GDP. This investment not only targets economic growth but also aims to enhance citizens' quality of life, significantly boosting the Human Development Index (HDI). Key investments focus on roads, highways, railways, and housing, driving national development. In this 124th edition of our newsletter ‘BLINK’, we have come up with an article “Infrastructure Development in India: Future Prospects and Priorities” written by Shubham Gupta – CGV. This article emphasizing quality and sustainability, the government aims to improve economic growth and living standards despite challenges such as funding and land acquisition. We look forward to your feedback and connection with us for any industry or business-related inquiry. Share your views in the comments below! For business inquiries and suggestions, write to us at assistance@cia-glocal.com #industry #bankingandfinance #infrastructure #urbaninfrastructure #energy #realestate #coalmining #BharatmalaPariyojana #DigitalInfrastructure #SustainableDevelopment #PolicyReforms 🇮🇳 Alok Chandrashekhar Sapre 🇮🇳 Asoke Roy Subrahmanyam Kavilapurapu Col Rakesh Malik Ritu Srivastava Maitrey Gayatri Chauhan Kusum L Dixit Shubham Gupta vimlesh singh

📈𝐒𝐮𝐩𝐫𝐞𝐦𝐞 𝐂𝐨𝐮𝐫𝐭 𝐕𝐞𝐫𝐝𝐢𝐜𝐭 𝐃𝐞𝐚𝐥𝐬 𝐁𝐥𝐨𝐰 𝐭𝐨 𝐑𝐞𝐥𝐢𝐚𝐧𝐜𝐞 𝐈𝐧𝐟𝐫𝐚: 𝐓𝐡𝐞 𝐅𝐚𝐥𝐥𝐨𝐮𝐭 𝐟𝐨𝐫 𝐀𝐧𝐢𝐥 𝐀𝐦𝐛𝐚𝐧𝐢'𝐬 𝐋𝐞𝐠𝐚𝐜𝐲? The Supreme Court of India has dismissed Reliance Infrastructure's plea seeking ₹8,000 crore from the government, in a case related to the cancellation of a Delhi power project in 2018. This decision has significant implications for the company and its leader, Anil Ambani. The verdict comes as a setback for Reliance Infra, potentially impacting its financial standing. This decision, along with other ongoing challenges, raises questions about the future of the company and Anil Ambani's legacy within the Indian corporate landscape. -How might this verdict impact Anil Ambani's business standing? -What are the broader implications for the Indian infrastructure sector? Link to the full article- https://lnkd.in/gWX3u8BX We invite you to share your insights and analysis in the comments below. #RelianceInfra #SupremeCourt #AnilAmbani #BusinessNews #India #ril #reliance #relianceindustries #supremecounrt #business