ROAD PROJECTS- HUGE MONEY...!!

‘Cable Car’ from Delhi’s Dhaula Kuan to Gurgaon soon, says Nitin GadkariUnion Road Transport and Highways Minister Nitin Gadkari on Tuesday said that a cable car facility would soon be in place from Delhi's Dhaula Kuan to Gurgaon's Manesar. The work on the project will be started hopefully this year, he said.By: IANS | New Delhi | March 9, 2016 9:51 AM

Union Road Transport and Highways Minister Nitin Gadkari on Tuesday said that a cable car facility would soon be in place from Delhi’s Dhaula Kuan to Gurgaon’s Manesar. The work on the project will be started hopefully this year, he said.

Nitin Gadkari also announced a Metrino Personal Rapid Transit System in Gurgaon from Delhi-Haryana border to Rajiv Chowk and Sohna road (Badshahpur Chowk) as a pilot project, and its detailed project report (DPR) of this project has been prepared at a cost of Rs.980 crore.

In his address at the valedictory session of the ‘Happening Haryana Global Investors’ Summit 2016 here, he also said that nine National Highways costing Rs 8,000 crore have already been announced for Haryana, while the state would have its first waterway from Palla in district Sonepat to Wazirabad in Delhi.

He announced that the work on Delhi-Jaipur Expressway would be started by the end of this year, and the Rs.18,000 crore will have a 70-km-long Haryana stretch, while a Delhi-Amritsar-Katra Expressway would be constructed and the Rs.45,000 crore expressway would also pass through the state to a length of about 170 km.

He also said construction of bypasses in Gurgaon linking National Highway-236 (Mehrauli-Gurgaon) with NH-8 and link between NH-8 (near Ambience Mall) and NH-236 (Mehrauli-Gurgaon road) to decongest NH-8 and Gurgaon city. Apart from this, he also announced that a sum of Rs.160 crore would be spent on the improvement of the junction near the Ambience Mall.

Gadkari announced that Rs.285.57 crores would be spent on the improvement of the junction at Rajiv Chowk, Gurgaon on Delhi-Gurgaon Expressway, Rs,263.41 crores on the improvement of junction at Signature Chowk in Gurgaon and Rs.386.34 crores for improvement of junction at IFFCO chowk.

He said that the westerly bypass of Kundali-Manesar-Palwal Expressway (KMP), would be completed within 343 days and greatly reduce the traffic and pollution of Delhi.

http://www.financialexpress.com/article/india-news/cable-car-from-delhis-dhaula-kuan-to-gurgaon-soon-says-nitin-gadkari/221159/

Shipping and Ports sector- A BOOM TIME...!!

Maritime sector to create 1 cr jobs in 5 yrs: Nitin Gadkari
The shipping and ports sector is poised to generate 1 crore jobs in 5 years as the government is committed to according it high priority, Union Minister Nitin Gadkari today said.
By: PTI | New Delhi | March 9, 2016 9:14 PM

Nitin Gadkari said manufacturing sector contributes 20-24 per cent to India’s GDP but its growth has been hindered by high logistics cost. (PTI)The shipping and ports sector is poised to generate 1 crore jobs in 5 years as the government is committed to according it high priority, Union Minister Nitin Gadkari today said.Projects worth 1.2 lakh crore have already been lined up for the Maritime India summit next month with a likely participation by 57 nations, he said.“India offers immense investment opportunities in the maritime sector. Prime Minister Narendra Modi has said growth of ports is instrumental in development of a nation. Unfortunately our maritime sector occupies the last place in globe but government has accorded top most priority to develop it,” the Road Transport, Highways and Shipping Minister Gadkari said.“This sector will create 40 lakh direct and 60 lakh indirect employment in next five years,” he said at the media launch of upcoming Maritime India Summit scheduled from April 14 to 16 in Mumbai.Nitin Gadkari said manufacturing sector contributes 20-24 per cent to India’s GDP but its growth has been hindered by high logistics cost.“We are set to address the issue by promoting water transport as logistics cost is 18 per cent in India as compared to barely 8-10 per cent in China and 10-12 per cent in European countries. Sending material to London from Mumbai is easy and less expensive as compared to dispatching it to Delhi,” he said.The government’s top priority is to develop waterways and ports to reduce the high logistics cost as while it costs Rs 1.5 a km to carry the cargo from road, the same stands at rupee one from rail while through waterways it reduces to only 25 paise a km, he said.The minister said maritime holds immense potential as India with its long coastline of 7,517 km and inland waterways of 14,500 km had vast untapped opportunities.“We have already identified projects worth Rs 1.2 lakh crore for maritime investment summit,” the minister said.Besides government has lined up huge projects under its Sagarmala initiative for port-led development of the country.Gadkari said government has identified over 150 projects under its ambitious ‘Sagarmala’ initiative. The government earlier has said that these 150 projects will mobilise more than Rs 4 lakh crore investmentThe Minister said three new major ports were also on the anvil at a cost of Rs 21,500 crore that include a greenfield port in Maharashtra with an investment of Rs 10,000 crore, another in Tamil Nadu with an expenditure of Rs 7,000 crore and one in West Bengal at an estimated cost of Rs 4,500 crore under PPP mode.Providing details of port augmentation projects, Gadkari said work has already been started on 27 projects worth Rs 12,700 crore to add a capacity of 116 million tonne per annum.Gadkari said these included Rs 2,087 crore project at JNPT, Rs 1,633 crore project at Paradip, Rs 811 crore project at Mumbai, Rs 263 crore project at Kandla, Rs 3,500 crore project at Kolkata port and Rs 425 crore project at Ennore.Besides, he said work on 15 projects worth Rs 6,700 crore would be started before March 31.In addition, he said, 32 projects worth Rs 4,651 crore had been completed and resulted in augmenting ports capacity by 70 MTPA.Another set of 46 projects worth Rs 28,040 crroe would result in augmenting the capacity of India’s major ports by 360 MTPA, he said.The minister said apart from converting 111 rivers across the country into waterways, the agenda including developing smart cities at major ports.He said 1,620 Km stretch on Haldia-Varanasi on Ganga was being developed and tenders were out for projects worth Rs 4,000 crore.“We will begin work before March 31 on these,” he said and added that stress was being laid on movement of coal to 13 power projects.Efforts are also on to reduce the turnaround time of the ships.Also on the priority is development of coastal areas in 13 states which will benefit 10 lakh fishermen, he said adding, the government planned low cost housing and other initiatives for them.Gadkari said development of shipping sector along with highways will contribute at least 2 per cent to India’s GDP.

http://www.financialexpress.com/article/industry/jobs/maritime-sector-to-create-1-cr-jobs-in-5-yrs-nitin-gadkari/221642/

Budget-2016, sectors get benefited...!!!

Budget — sectors that will benefit   ANISH DAMANIA

The top gainers are oil and gas, fertilisers and pesticides, cement, autos and construction

The Budget has provided the much-needed income boost to both the rural and urban consumer, while sticking to a fiscal deficit target of 3.5 per cent. While this translates to lower borrowings, aiding some easing of interest rate expectations, the income boost is expected to help the domestic consumption story. Since there were hardly any expectations from the Budget, the stock market also reacted very positively.
The top beneficiaries of this Budget are oil and gas, fertilisers and pesticides, cement, autos and construction sectors.
Tax collection assumptions are very conservative at 11.2per cent growth but targets for non-tax receipts like spectrum fees and divestment are ambitious. Tax collections, including that from the amnesty scheme, may surprise on the upside and may cover shortfall arising from spectrum auctions and disinvestment targets, if any.
Allocation of funds
Considering OROP (one rank one pension) and the Seventh Pay Commission burden and a tighter fiscal target, the government has come up with prudent allocation of funds for expenditure. Non-Plan expenditure growth is capped at 9.2 per cent while Plan expenditure is expected to grow 15.2 per cent.
Central plan outlay is pegged to grow 21 per cent. Rural schemes, social welfare and transport would see an increase of 28 per cent in outlay.
The increase in service tax on account of imposition of the Krishi Kalyan tax by 0.5 per cent is expected to have a negative impact on the services sector and, in turn, impact the consumers. However, the income boost will more than compensate for the increase in service tax.
On specific changes
a) Exemption from dividend distribution tax (DDT) made by a SPV (special purpose vehicle) to business trust is a huge positive for the business and investment trusts, as it will be able to free up capital for the corporates.
b) Proposal to levy an infrastructure cess of 1 per cent on small petrol, LPG, CNG cars, 2.5 per cent on diesel cars of certain capacity and 4per cent on other higher engine capacity vehicles and SUVs is a negative for the auto industry, but positive for the gas distribution companies as a higher cess on diesel cars will accelerate the conversion to cars running on natural gas.
c) Renegotiation of PPP contracts and early resolution of infra disputes; comprehensive bankruptcy code for financial firms to be tabled in Parliament in FY17; FDI of 49 per cent in insurance under the automatic route; sops for affordable housing, including tax deduction of additional interest of ₹50,000 for housing loans of ₹35 lakh and property value up to ₹50 lakh; increase in FDI for ARCs to 100 per cent and keeping the fiscal deficit at 3.5per cent of GDP in FY17 — all augur well for the beleaguered financial sector.
d) Digitigation of national land record under the ‘Digital India Initiative’ will be implemented from April 1 with an investment of ₹1,500 crore by way of expanding e-assessments to all assessees in seven mega cities in the coming years. ‘e-Sahyog’ is to be expanded to reduce compliance cost, especially for small taxpayers. This will not only benefit the IT companies but bring in a huge reform in the land holdings and land titles.
e) Fertiliser subsidy allocation of ₹70,000 crore, pilot project for fertiliser subsidy direct benefit transfer (DBT), reduction in excise duty on micronutrients from 12.5 per cent to 6 per cent and an increase in allocation for agriculture and irrigation — ₹47,900 crore versus ₹26000 crore in FY16 — augur well for the fertiliser and pesticide industry.
f) Increase in excise duty on cigarettes by 10 per cent is a negative for cigarette manufacturers which have been suffering from declining volumes over the past few years.
A levy of 1 per cent tax on jewellery might be marginally negative for jewellery companies.
g) Proposed reduction in the benefit of deduction for amount incurred on R&D from 200 per cent to 150 per cent with effect from April 2017 and 100 per cent wef April 2020 could marginally affect the pharma industry.
Net-net it was a pragmatic Budget and has addressed the single largest concern of growth in the economy.
The writer is Co-CEO, IDFC Securities
(This article was published on March 6, 

2016) http://www.thehindubusinessline.com/portfolio/technically/budget-sectors-that-will-benefit/article8320870.ece?homepage=true

STOCK MARKETS OVER A DECADE- A GLOBAL ACTION!!

IT IS VERY IMPORTANT TO UNDERSTAND THE GLOBAL ACTION IN PLACE WHILE ATTEMPTING TO INVEST IN THE MOST PROMISING COUNTRY LIKE INDIA. 

THE ECONOMIC GROWTH RATE IN INDIA TO SURPASS 10% OVER NEXT 5 Yrs FROM CURRENT 7% WITH THE KIND OF REFORMS IN PLACE AND HUGE FOREIGN DIRECT INVESTMENTS IN INFRA AND POWER MAY TRIGGER THE MUCH NEEDED RIGHT KIND OF STIMULUS DESPITE GLOBAL UNCERTAINTIES. THIS INTURN GENERATE HIGH CORPORATE PERFORMANCE THAT MAY TAKE NIFTY TO NEW HIGHS IN NEXT 2-3 Yrs.

• 

AS SHARP DECLINE FROM 8333 TO 6825 HAS TAKEN AWAY THE STRENGTH STORED IN NIFTY FOR A SERIOUS UPMOVE ABOVE 8080. NOW UPSIDE CAPPED CONSOLDATON IS ON THE CARDS.

THE ABOVE ILLUSTRATED MONTHLY CHARTS SHOW THAT FURTHER FALL CAN BE EXPECTED UPTO 6500-6600 REGION. THE LONG-TERM PROSPECTS SAFE, SO THE BULLS DOMINANCE IS IN FORCE, SO IS THE UPMOVE WITH REASONABLE TIME WISE AND PRICE WISE CONSOLIDATION.

NIFTY ENJOYED A DECENT CONSOLIDATION BETWEEN 4770 ON 04-06-2012 AND TOUCHED A HIGH OF 6112 ON 28-01-2012, THEN NIFTY TOUCHED A LOW @ 5119 ON 26-8-2013 ON WEEKLY CHARTS, THEN TOOK A BIG LEAP AND CONTINUED THE UP MOVE TILL IT TOUCHED ALL TIME HIGH OF 9119 ON 02-03-2015, THIS UP MOVE JOURNEY CARRIED FOR 80 WEEKS AND PRESENTLY ON CONSOLIDATION ACTION!

WHEREAS, SENSEX TOUCHED 15810 ON 14-05-2012 ON WEEKLY CHARTS AND CONTINUED THE UP MOVE 80 WEEKS TILL ALL TIME HIGH OF 30025 REGISTERED ON 02-03-2015, 

THE FOLLOWING CHARTS PROVIDE SOME IN-SIGHTS TO UNDERSTAND THE GLOBAL STOCK MARKETS ACTION IN DEVELOPED COUNTIES LIKE USA, GERMANY, UK, FRANCE, JAPAN AND HONGKONG.

THANKS TO DATA/CHART PROVIDERS WHO MADE THE HISTORY VISIBLE TO VIEW AND PREDICT/PROJECT  FUTURE COURSE OF ACTION.

https://www.linkedin.com/pulse/article/stock-markets-over-decade-global-action-nageswara-rao-bammidi/edit?trk=pulse-art-edit_btn