Project gets recommendation from bodies concerned, including Dept of Expenditure under MoF
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As much as 1,383 hectares of land have to be acquired for the project for which around Rs 13,000 crore is required.
Express News Service
THIRUVANANTHAPURAM: The ambitious Silverline, semi high-speed rail project billed as the game-changer in Kerala’s infrastructure as well as economic growth, has moved an inch closer to reality with Railway Ministry and NITI Aayog - the government’s apex think tank - according sanction to the project. The project has received recommendation from bodies concerned, including Department of Expenditure under the Ministry of Finance.
HUDCO celebrates 51st Foundation Day
On the occasion of the 51
st Foundation Day of Housing & Urban Development Corporation Ltd., officials and stakeholders from across the country joined a live webcast to commemorate years of distinguished service to the nation. Durga Shanker Mishra, Secretary, Ministry of Housing and Urban Affairs, the Chief Guest on the occasion, addressed the officials and appreciated HUDCOâs stupendous contribution towards nation building. He urged HUDCO to redefine the housing and urban development sector by innovatively addressing the emerging needs of the habitat sector. . Mishra stressed the need to plan and design for a new urban India that is capable of addressing the challenges thrown up by the COVID-19 pandemic and meeting the housing needs of people across all sections of society. He exhorted HUDCO to scale greater and newer heights by seeking a bold new path and reorienting its business plans to respond to the dynamic sectoral requirements. Furt
Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 5.95 points or 0.08% at 7672.25 at 13:48 IST. Among the components of the S&P BSE Finance index, Reliance Capital Ltd (down 3.72%), Central Bank of India (down 3.22%),Indian Overseas Bank (down 3.09%),Paisalo Digital Ltd (down 3.07%),Housing & Urban Development Corporation Ltd (down 2.6%), were the top losers. Among the other losers were Aditya Birla Capital Ltd (down 2.5%), South Indian Bank Ltd (down 2.38%), Capri Global Capital Ltd (down 2.36%), Repco Home Finance Ltd (down 2.33%), and Union Bank of India (down 2.25%). On the other hand, IFCI Ltd (up 12.95%), Aditya Birla Money Ltd (up 7.74%), and SREI Infrastructure Finance Ltd (up 7.02%) moved up.
Read more about Financials shares gain on Business Standard. Financials stocks were trading in the positive zone, with the S&P BSE Finance index rising 50.2 points or 0.74% at 6841.07 at 09:48 IST.