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Monday
July 2018
11:36 PM IST
News Headlines
Rajinikanth Supports 'One India, One Election' Proposal        Trump asked me to sue EU over Brexit, says Theresa May        Haiti prime minister resigns after deadly unrest        Mukesh Ambani beats Alibaba's Jack Ma to become richest man in Asia        Djokovic beats Anderson, wins 4th Wimbledon title        Thailand Open Super 500: PV Sindhu loses to Nozomi Okuhara in final        France clinches World Cup with win over Croatia        H-1B visa alert: Donald Trump makes things worse for Indian techies        World Cup: Belgium beat England 2-0 to finish 3rd        PV Sindhu makes final of Thailand Open, Okuhara awaits        Angelique Kerber defeats Serena Williams to win Wimbledon 2018        Former A.P. Chief Minister Kiran Kumar Reddy returns to Congress        If Delhi tries to break PDP, outcome will be dangerous: Mehbooba Mufti        Former PM Nawaz Sharif, daughter Maryam arrested for corruption in Lahore        Social media hub like creating surveillance state: SC        World Cup: Deflated England, Belgium get ready for third place clash        First time in winter: FIFA confirms 2022 World Cup to be held between November and December in Qatar        Mental strength carried Croatia to World Cup final, says Lovren        Kohli currently best batsman because Smith not there: Ponting        Rupee up 19 paise against dollar ahead of key macro data release        
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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.


Mukesh Ambani beats Alibaba's Jack Ma to become richest man in Asia
Rupee up 19 paise against dollar ahead of key macro data release
Sensex rallies 400 pts to hit record high; RIL shares surge 5%
US dollar ends cheaper against rupee
BSNL starts first internet telephony service in India
Silver futures harden by 0.19% on global cues
Passenger vehicle sales rise 38% in June; car sales up 34%
DoT clears Idea-Vodafone merger with conditions
Goyal asks Coal India to ensure supply for power sector
Higher MSP may have inflation, fiscal costs: Report
Modi govt needs to shed 'obsession' with economic growth: Jean Dreze
Will work closely with West Bengal for its progress: Prabhu
Mukesh Ambani announces high-speed broadband, Jio Phone 2 with WhatsApp, FB
Gadkari flags off taxi ambulance services
India expecting US to get in touch with it over sanctions on Iran
Nifty ends higher, hovers around 10,700-mark
No plans to close operations at Brady House branch in Mumbai: PNB
India to provide tariff concessions on 3,142 items to APTA members
Exports seem to have good performance in June: Prabhu
WhatsApp's 'one-way' broadcast mode for group chats is here
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Trump asked me to sue EU over Brexit, says Theresa May
 (London, July 15, 2018):Embattled British Prime Minister Theresa May today revealed that Dona
Haiti prime minister resigns after deadly unrest
Former PM Nawaz Sharif, daughter Maryam arrested for corruption in Lahore
After UK-US spats, Trump flies in to turmoil in Britain
NATIONAL NEWS
Rajinikanth Supports 'One India, One Election' Proposal
 (Chennai, July 15, 2018):At a time when major political parties in Tamil Nadu are opposed to
Former A.P. Chief Minister Kiran Kumar Reddy returns to Congress
If Delhi tries to break PDP, outcome will be dangerous: Mehbooba Mufti
Bombay HC pulls up Pune cops over probe into Rajneesh's 'will'
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