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Adani Realty has emerged as the 'preferred bidder' for the redevelopment of the Bandra Reclamation land parcel, offering 22.79% revenue to MSRDC, surpassing Larsen and Toubro's bid. The final approval is pending.
Prime Minister Narendra Modi has allocated six times more funds for infrastructure development in this year's budget, inaugurated projects in Rajasthan, and emphasized the government's focus on welfare and benefits for various industries. His efforts have made it a talking point in India and the world.
The regulator will also gauge the Big Five's compliance with the suggestions made in its December 2023 reports in which it had flagged deficiencies in their work processes, including on non-audit services that they provide to the same companies of which they are the statutory auditors, one of the persons said.
GOVERNMENT spending on infrastructure and other capital outlays plunged in November last year, data from the Budget department showed.
Union Finance Minister Nirmala Sitharaman laid emphasis on fiscal responsibility, thus giving boost to the debt market, maintained her stance on infra development, inclusive development, green ecosystem and research & innovation.