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Despite Covid-19 Induced Delays, Capex Utilisation For Dedicated Freight Corridor Project Up By 21 Per Cent
by Arun Kumar Das - Feb 16, 2021 04:51 AM
Western Dedicated Freight Corridor that will connect Rewari, Haryana to Jawahar Lal Nehru port in Mumbai (representative image) (Source: @dfccil india/Twitter)
Snapshot
According to the Railways, higher capital utilisation was possible due to the relentless monitoring of the project, which led to the resolution of issues which otherwise used to delay execution in the past.
Despite the project getting adversely affected due to Covid-19 induced lockdown, capital utilisation in the Dedicated Freight Corridor (DFC) has registered an increase by 21 per cent in the first 10 months of the financial year 2020-21 as compared to the last fiscal.
Manufacturing for the world - A bold Budget adds to the momentum
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Last Updated: Feb 17, 2021, 05:57 PM IST
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Synopsis
While Make in India 1.0 was instrumental in furthering the evolution of manufacturing in India, Make in India 2.0 is expected to increase its momentum.
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Beset by problems of low productivity and the availability of cheaper import substitutes, the manufacturing sector s share in India s GDP has remained range bound for the past 20 years. Though India has moved up in the World Trade Organisation s rankings of leading exporters in world merchandise trade, its share in global exports has been hovering around 1.5 per cent mark since 2010. Despite this apparent stagnancy, the years following the launch of Make in India 1.0 have seen some notable developments. The program, whose core objective has been to bolster manufacturing capabilities by promoting exports, has been a vital reason behind the commendable growth in India s electronics m
Freight corridor capex up 21% at Rs 8,201 crore this year
The railway ministry plans to complete the entire stretch of 2,800 km on the Eastern as well as the Western freight corridor by June next year
Ashutosh Kumar | February 15, 2021 | Updated 22:25 IST
Capex utilisation in dedicated freight corridor increases by 21%
Capital expenditure on the dedicated freight corridor in the first 10 months of current financial year (FY21) was up 21 per cent at Rs 8,201 crore as compared to Rs 6,783 crore in the corresponding period of the previous financial year. The information was shared by senior officials from the Dedicated Freight Corridor Corporation Limited (DFCCIL) during a review conducted by railway minister Piyush Goyal on Monday.
S Jaishankar spoke of India’s collaboration with Japan in its efforts to build infrastructure and modernize its economy.India was coordinating with Japanese projects undertaken in Myanmar, Bhutan and Bangladesh, he said, which in turn would give power and connectivity projects in northeastern India including Assam, a boost