All You Need to Know About Block Chain

Blockchain could be one of the most disruptive innovations since the advent of internet.

Blockchain is a nascent technology with the potential to bring about step-function improvements in efficiency and security to the financial industry - or it could simply be over-hyped and unnecessary.

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Complete Guide To Income Tax

Complete Guide to Income Tax.jpg

 

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All About Indian Roads

State of Indian Roads

 

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State of Indian Roads

Length of Roads in India

Indian road network of 33 lakh Km is second largest in the world

About 65% of freight and 80% passenger traffic is carried by the roads. National Highways constitute only about 1.7% of the road network but carry about 40% of the total road traffic. The nNumber of vehicles has been growing at an average pace of 10.16% per annum over the last five years.

Highway Distribution

Top 5 states with major share of highways are UP, Rajasthan, Maharashtra, Karnataka and Ap. On the other hand, top 5 states with least share of highways are Goa, Sikkim, Nagaland, Meghalaya, Mizoram

Following are the policy initiatives to attract private investment

  • Government to carry out all preparatory work including land acquisition and utility removal.
  • Capital grant up to 40% of project cost to enhance viability on a case to case basis
  • 100% tax exemption for 5 years and 30% relief for next 5 years, which may be availed of in 20 years.
  • Concession period allowed up to 30 years
  • Arbitration and Conciliation Act 1996 based on UNICITRAL provisions.
  • Entrepreneurs are allowed to collect and retain tolls in BOT projects
  • Duty free import of specified modern high capacity equipment for highway construction
  • Projects < 500 Cr to be awarded by highways secretary, 500-1000 Cr by road transport and highways minister, only projects >1000 Cr need Union cabinet approval.

Time taken to complete a project  is on an average 2-2.5 years

 Funding Mechanism: The financial arrangement for the development of GQ and the corridors has been made as:

  • Cess  Rs 20,000 Cr
  • World Bank/Asian Development Bank Loan Assistance Rs 20,000 Cr
  • Market Borrowings Rs 12,000 Cr
  • Private Sector Rs 6,000 Cr
  • Total Rs 58,000 Cr ($ 12.6 Bn)

Two Key projects worth mentioning are:

  • Golden Quadrilateral which includes 5,846 Kms connecting Delhi-Kolkata-Chennai-Mumbai
  • NSEW Corridors which includes 7,300 Kms connecting Kashmir to Kanyakumari including Salem to Cochin Spur and Silchar to Porbandar

The pace of awards and construction of projects definitely quickened after the NDA government coming to power.  A record 16,271 Cr worth projects were awarded in FY17. The rate of construction has almost doubled from just 11 km/day in 2011-12 to over 22km/day in 2016-17. Though this was much lesser than the target 30 ms/day by the govt but still commendable. The target for FY18 is 40 km/day. With the government's focus on infrastructure, it certainly augurs well for infrastructure companies in the coming years.

Will RERA Be The Answer To Home Buyers' Woes In India?

The much awaited Real Estate (Regulation and Development) Act 2016 has become a reality as it came into force on 1st May’2017. After Demonetisation in November ’16, RERA is the next big milestone for Real estate sector in India. For years India’s real estate sector worked without much regulations and legal framework which exposed home buyers to considerable risk, particularly those who invested in under construction properties. Read on to find out if RERA is the panacea for all their problems

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ATTENTION: 10 Revolutionary Technologies Will Change The World

Recent technological advances are making it all look like another industrial revolution at the anvil. And with the following list that we have put together for the most significant emerging technologies that matter, you would be a believer of the next industrial revolution too. The list contains gene editing, nano medicine, integrated transactional database at global level, UAVs, cost effective space exploration and more

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