"The board of directors of the AIIB approved a loan of $329 million to build access roads to approximately 4,000 villages in all 33 districts of Gujarat, India," AIIB said in a statement.
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The pace of construction of PMGSY roads reached a 7 year high of 130 kms per day in 2016-17 as against an average of 73 kms during the period 2011 to 2014.
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According to Consultancy Bridge to India, GST will be applied to solar modules at a concessional rate of 5 per cent, which has been confirmed by the minister and the authorities.
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The report states that “while a cumulative capacity target of 175 GW has been declared for the year 2022, by 2040 a likely capacity of 597-710 GW is expected to be achieved".
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Among others, Chief Minister K Palaniswami announced the development of 3,500 km of rural roads at an estimated cost of Rs 800 crore in 2017-18.
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It will generate about 470 gigawatt hours (GWh) of clean energy while lowering greenhouse gases emissions by over 200,000 tons per year, claims the company.
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The state-run company is part of a growing group of refiners in Asia that have set up offices in Singapore's oil hub to keep closer tabs on the market and react more quickly to changes.
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Indian state-owned refineries are also undergoing heavy maintenance until the end of this year, upgrading diesel units to produce cleaner fuels to meet new Euro IV standards implemented in April.
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