ICRA
According to stats released by the department for promotion of industry and internal trade (DPIIT), the eight core sectors — spanning coals, crude oil, natural gas, petroleum & refinery products, fertilizers, steel, cement and electricity — recorded a growth of 9.4% in July compared to a contraction of 7.6% in the same month last year and marginally higher than the previous month's 9.3% expansion. This is the fifth consecutive month that the sector has maintained its pace of growth. Madan Sabnavis, chief economist at Care Ratings, informed that based on the 9.4% growth rate, IIP growth in July is expected to be between 12-14%.

Separate stats showed the fiscal deficit at the end of July was at ₹3.2 lakh crore or 21.3% of the full year target. In the corresponding period of last year it was at 103.1% of the full year target. Similarly, revenue receipts were up 34.2% at the end of July compared to 12.4% in the corresponding period of last year. Revenues have been robust this year on the back of the strong recovery displayed by some sectors of the economy. Aditi Nayar, principal economist at ICRA said, "With a healthy rise in receipts amidst a discouraging decline in total spending driven by the non-interest non-subsidy component of revenue expenditure, the government's fiscal deficit printed at a modest ₹3.2 trillion (₹3.2 lakh crore) in April-July 2021, relative to the year-ago level of ₹8.2 trillion recorded amidst the first wave of Covid-19, as well as the pre-Covid level of ₹5.5 trillion."
The union minister for road transport and highways has approved ₹15,700 crore for rail and road infrastructure in Uttar Pradesh. MoRTH has

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The Telangana Urban Finance and Infrastructure Development Corporation Limited (TUFIDC), a wing of the MAUD with the primary focus in the implementation

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Prime Minister Narendra Modi has laid the foundation stones of Rs 21,000 crore development projects in Gujarat. The newly inaugurated ₹16,000

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The Prime Minister has laid the foundation stones of multiple rail and road infrastructure projects involving ₹27,000 crores. The projects include

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Delhi Transport Corporation (DTC) and Delhi Metro Rail Corporation (DMRC) have signed a Memorandum of Understanding (MoU) for the development of

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The ability to cut CO2 footprint by 25% by factory-based precast concrete production has the potential to save billions of tons of CO2 being emitted each

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KEC International Ltd., an RPG Group Company, has secured new orders of ₹1,092 crores across its various businesses. Its Transmission & Distribution

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Haryana government has targeted ₹4,800 crore investment in creating modern infrastructure in the Global City, stretching across an area of 1,003-acre in

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Himachal Pradesh government has started the construction of vital infrastructure along the 240-km long border with China largely in 210 villages in

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NBCC has fast-tracked the construction work on the city’s first integrated development under the transit-oriented development norms at East Delhi

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The Union Ministry of Road Transport and Highway has floated a tender of over ₹750 crore for four/six laning of a 12km-long stretch of NH10 (earlier NH 31)

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Welspun Corp Ltd. (WCL) and Tata Steel Ltd. have signed an MoU to work together towards developing the framework for and manufacturing Green Pipes for the

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The Pune Municipal Corporation has approved the construction of a multimodal transit hub project in Balewadi where the civic body will integrate various

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Telangana government has provided financial assistance of ₹2,062 crore to 142 urban local bodies (ULBs) under the ‘Pattana Pragathi’ program. State minister

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NCC has bagged three contracts involving ₹6,388 crore investment under its buildings division. The largest contract has been awarded by Municipal

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RITES has signed a memorandum of understanding (MoU) with the Planning & Program Implementation Department, Government of Mizoram, to explore

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Union Finance Minister Nirmala Sitharaman has informed that the Centre is implementing multiple rail, road and air connectivity projects worth ₹1,34,200 crore

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TK Elevator has launched its flagship building operations platform MAX in India. MAX brings cloud-based maintenance data and insights to building operations

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Sany has unveiled 22 new products which are exclusively designed for the application in India, while keeping Indian customer requirements in mind. This reflects into company’s deep understanding of the Indian market and customer

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The Central government has plans to build infrastructure and industrial projects with an investment of ₹100 lakh crore, said V K Singh, Minister of State for Road Transport & Highways, during his inaugural address at CII EXCON in Bangalore

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