Union Minister Nitin Gadkari is a man in a hurry. Recently, he announced the Rs 1-trillion Mumbai-Delhi Expressway, which will connect India’s two most backward districts, Mewat (Haryana) and Dahod (Gujarat). With this, the travel time will reduce from the current 24 hours to 12 hours. The first tender for the project worth Rs 440 […]
The news on the Indian economy has gotten better. As it inched past France to become the sixth largest economy in the world with a GDP of $2.59 trillion, the country’s growth numbers for fiscal 2018 seem to be within reach at 7.3 per cent, and then onwards to a tough 7.6 per cent in […]
Have you noticed that the size of project execution has grown manifold? New projects worth Rs 1.95 trillion were announced in the January to March quarter, up from Rs 1.20 trillion in the previous quarter. The capacity of companies in delivering larger projects has expanded. Earlier, we would rarely discuss a few mega projects concurrently […]
While most agencies are speculating on the estimated GDP growth rate for India and the fact that oil is a big worry for our financial health, not one is able to capture the mood of the economy despite the numbers. Are we well past the painful period in the economy? How long do we have […]
Oil, the single biggest factor that helped the government manage the fiscal deficit, has climbed from its advantageous position to well over $75. Even as GST is gaining stability, the E-way bill has caused feathers to be ruffled again. Not only are small companies having to contend with compliance changes a bit too often, there […]
Indian architecture has been decorated with its crown jewel BV Doshi being honoured with the Pritzker Prize, making him the first Indian ever to have received this honour. Charles-Édouard Jeanneret, known as Le Corbusier, was a Swiss-French architect, designer, painter, urban planner and writer, and a pioneer of what is now called modern architecture. In […]
According to McKinsey, construction holds the dubious honour of having the lowest productivity gains of any industry. The reasons attributed to this include continued use of labour instead of technology; lack of consolidation; and the fact that builders are still averse to using technology even though architects increasingly espouse it. Technology is becoming key: The […]
Finance Minister Arun Jaitley aggregated infrastructure under a single umbrella and drew attention to its importance during his Budget address stating, ‘Our country needs massive investments estimated to be in excess of Rs 50 lakh crore in infrastructure to increase growth of GDP, connect and integrate the nation with a network of roads, airports, railways, […]
‘Disruption’ was an oft-used word in 2017. Sometimes it was used when describing a phenomenon that turned an existing business model on its head, as Uber and Airbnb did. But more often than not, it was used when wishful thinking was allowed over logic, or when no clear solution was visible. In essence, disruption represents […]
GST rate reduction from 28 per cent to 18 per cent has provided a breather to the construction equipment industry. Although 15 per cent of items would still be at 28 per cent, the major grouse has been addressed. That said, as many as 42,710 units were sold between January and September this year, against […]