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Monthly Archives: July 2017

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Bids invited for upgrade of Bengaluru-Mysuru Highway

Work in progress on 13 North Karnataka highways. Bids have been invited for procurement of executing agency for conversion of Bengaluru–Mysuru Highway in Karnataka as National Highway, said Minister of State for Road Transport and Highways, Mansukh L. Mandaviya has told Rajya Sabha on 31


IBC presents opportunity to manage stressed assets

Jaitley sees inherent value in impaired assets. The Insolvency and Bankruptcy Code (IBC) framework and Government’s emphasis on resolution represent a unique opportunity for Asset Reconstruction Companies (ARCs) and Private Equity firms (PE) to help manage stressed assets, Finance Minister Arun Jaitley has said.

National ayush mission

Govt approves 39 hospital proposals.

NAM earmarks Rs.440 crore for medical facilities. The government has approved 39 hospitals, each of 50-bed, from 45 proposals received during 2016-17, said Minister of State for AYUSH (Independent Charge), Shripad Yesso Naik in reply to a question in Lok Sabha on 28 July 2017.

Amritsar Station

Passenger amenities upgrade at 24 rail stations

Tourism and Railways Ministries to bear upgrade costs. Passenger amenities are to be upgraded at 24 railway stations by Ministries of Tourism and Railways (MOR), said State for Railways Rajen Gohain in a written reply to a question in Lok Sabha on 26 July 2017.

Startup Ecosystem

Govt formulates credit scheme for startups

Each startup to get credit guarantee of Rs.500 lakhs. Government is formulating a Credit Guarantee Scheme for Startups (CGSS) with a corpus contribution of Rs.2,000 crores, enabling Startups to raise loans without any collateral for their business purposes, said Commerce and Industry Minister Nirmala Sitharaman

Gandhinagar station

Redevelopment of Gandhinagar station starts

SPV formed for managing station and hotel. The Indian Railway Stations Development Corporation Ltd (IRSDC) and the state Government of Gujarat (GoG) has formed a special purpose vehicle for the re-development of Gandhinagar station.

NTT Communications

NTT launches data network services

Two new centres are commitment to customers. NTT Communications Corporation (NTT Com), the ICT solutions within Tokyo-headquartered the NTT Group, has launched international data network services in India.