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- For FY24, National Highway Authority eyes 1,987km monetisationThe highways body has lined up 30 National Highway sections as part of the plan, with the 124-km Trichy-Thuvarankurichi-Madurai (Tamil Nadu) section being the longest and the 4.4-km Badarpur elevated corridor in Delhi being the shortest in the list.
- Government to spend ₹4.5 lakh crore more on infrastructure projectsThe original cost of 1,423 projects being monitored by the ministry was estimated at ₹ 20.38 lakh crore, but anticipated cost has risen to ₹24.85 lakh crore, the report said. Until February, the government had already incurred ₹13.63 lakh crore on these projects, which is more than half of the anticipated cost. The ministry monitors projects with a value of ₹150 crore and more.
- New KRAs added to CPSE brass' appraisalImplementation of revised appraisal guidelines means that chairman and managing director as well as other top-level officials of a CPSE could lose their performance-related pay (PRP) in case they are unable to meet their target in key result areas (KRAs) including rationalisation of subsidiaries or joint ventures, market capitalisation improvement goals, return on capital employed, asset turnover ratio.
- Temasek Holdings sells 2.8% stake in Devyani International for Rs 500 cr via block deal; Franklin Templeton MF buysFranklin Templeton Fund has picked up about 0.5% stake in Devyani International through a block deal on Tuesday. Franklin's India Flexi Cap Fund has bought about 62 lakh shares in open market transaction for Rs 89 crore. The deal was executed at an average price of Rs 145 per share.
- Nithin Kamath on where to park your cash amid ongoing banking crisisZerodha's CEO, Nithin Kamath, said those looking to park cash without risks can invest in government securities or T-Bills
- Government should expedite rebasing CPI: RBI paperThe current indices are derived from the consumption expenditure survey (CES) conducted during 2011-2012, long before Inflation targeting was adopted as a formal monetary policy objective. " Efforts to conduct new CES for rebasing CPI to a recent period may be expedited to make the CPI consumption basket relevant to the present consumption behaviour " said a research paper by RBI economists.