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A customer uses an automated teller machine (ATM) at a State Bank of India Ltd. (SBI) branch. | Photographer: Karen Dias | Bloomberg

Vodafone to NHAI to SBI to solar power — Why ‘cheapest’ mantra is creating havoc in India

Catering to the bottom of the pyramid with ‘cheap’ services has forced many businesses in India’s infrastructure sector to go belly up.
An under-construction building (Representational image) | Commons

Regulatory lapses & policy uncertainty are pushing infra financing into crisis: Experts

At CPR Dialogues 2020, former SEBI chief U.K Sinha said there is a lack of accountability when it came to infrastructure financing institutions.
A highway in Tamil Nadu

Modi’s $5-trillion goal blocked not by lack of infrastructure but delayed regulatory reform

It is targets such as long-standing electricity dues and low capacity of our thermal power plants that the Modi government needs to aim at.
An under-construction building (Representational image) | Commons

Srei quits infrastructure funding blaming ‘socialist’ India, says it’s govt’s job

Srei will focus solely on financing purchases & leasing of equipment. Govt should fund infrastructure as India is a socialist economy, it says.
FM Nirmala Sitharaman

Agri to infra, Budget 2020 takes a calculated path to revive demand, boost economic growth

The underlying assumption in the Budget’s economic strategy is that the Indian economy appears to have bottomed out and is expected to pick up in 2020-21.
The N38 Highway (representational image) | Flickr

Eye on slowdown, Modi govt revs up infra spending with Rs 1.7 lakh crore outlay

Within the infra sector, the allocation for highways got the biggest boost over last year — going up 10% to Rs 91,823.22 crore

Investors are betting big on road-builders hoping budget will boost infrastructure spending

The stock rally is being led by belief that Finance Minister Nirmala Sitharaman will need to do more to revive economic growth from the lowest since 2008.
Jammu and Kashmir Lieutenant Governor Girish Chandra Murmu

Only govt land to be used for development projects, L-G assures fearful Kashmiris

Officials say L-G Murmu’s order will ensure faster, cheaper development, and reassure people of J&K that their land won't be acquired by govt unless they wish to sell it.

Modi needs help of opposition ruled states to meet Rs 235 lakh crore infrastructure goal

With private investments tepid & fiscal limitations on central spending, states will need to contribute nearly 50% of infrastructure investments.
Residential and commercial skyscrapers stand in downtown Dubai, United Arab Emirates | Photographer: Christopher Pike | Bloomberg

Dubai faces a ‘disaster’ from overbuilding

Damac’s chairman is the latest to call for curbs on construction in Dubai market that’s been on a downward trajectory since it peaked 5 years ago.

On Camera

Animals have come home. Covid-19 lockdown gives control back into nature’s hands

With people in India and elsewhere locked down in homes due to the coronavirus, the peaceful reclamation of public spaces by animals is teaching us important lessons.

Modi’s 9-min candle plan Sunday: Needless spectacle or much-needed motivation for Indians?

PM Modi requested Indians to light candles, lamps or mobile torches at 9 pm Sunday for nine minutes in a show of solidarity in the fight against Covid-19.


Army personnel distribute packaged food to the homeless in Chennai on 31 March 2020 | PTI

In a first, Army deploys medical team at civil coronavirus quarantine camp in Delhi

The Indian Army has so far only been operating out of quarantine camps set up by the armed service for coronavirus patients.

Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less

Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.