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Latest Macro Economy News & Updates | The HinduBusinessLine

RBI Monetary Policy Meet June 5, 2026 Highlights: Repo rate unchanged at 5.25%, policy stance neutral; 5 measures to attract dollars Domestic Strength Shields India from $114 Oil Shock: PMEAC Chairman S Mahendra Dev Micro-Economic Impact of Budget: Panelists concerned over state finances, laud fiscal consolidation Infrastructure spending gets a leg-up with govt capex pegged at ₹12.2 lakh crore in 2026-27 Budget Raise Urea MRP, pay fertiliser subsidy to farmers, says Survey Data from more urban, rural markets from 12 big cities to used for new CPI series Cyclone Ditwah retains status, winds to wind down I-T dept eyes 25,000 cases under Nudge Campaign for declaration of foreign assets, income GST rate cut, domestic demand can shield India from Trump tariffs Customs imposes penalties on 2 firms for irregularities in organic rice exports GST Council likely to meet soon after winter session, insurance to be in focus India withstood geopolitical shocks; will navigate future uncertainties too: MPC’s Jayanth R Varma India has no plans to import wheat for now - Piyush Goyal After weak December quarter, winter products begin seeing an uptick in demand Telangana attracted ₹2.60 lakh crore investment during 2014-23 Indian economy to exceed growth estimates after strong Q2 beat: economists Prolonged Persian Gulf crisis can affect India’s economic activity: FinMin How a Dharavi-based housemaid inspired rural financial start-up Jai Kisan India’s UPI is an exemplar for the world: Eswar Prasad A single adverse weather event such as El Niño may not be a threat to macroeconomic stability, RBI Bulletin Karnataka CM Siddaramaiah to flag off bl’s MSME Growth Conclave Wholesale inflation declines to 90-month low of -3.48% in May Strategic disinvestment: CBDT to exempt deemed taxation of difference in book value and fair value Global steel output declines 2.4% in April as China disappoints Realtors see hit in demand at the lower end Strength of India intact, forex reserves swelled by $8 billion in last two days: FM Economic Survey: States taking new initiatives to improve their revenue sources Economic Survey: Huge gap between expectation and reality, says Amit Mitra Rare earth elements and critical minerals will be next geopolitical battleground: Survey ‘Sharp increase in Railway freight traffic indicative of strong revival in economic activity post-Covid’
Steel ministry identifies infrastructure gaps in 38 projects
By Abhishek Law · 2022-12-26 · via Latest Macro Economy News & Updates | The HinduBusinessLine
Connecting Paradip Port to the Dedicated Freight Corridor via the Paradip–Haridaspur line are some of the important projects with infrastructure gaps

Connecting Paradip Port to the Dedicated Freight Corridor via the Paradip–Haridaspur line are some of the important projects with infrastructure gaps | Photo Credit: KAMAL NARANG

The Union Steel Ministry has identified 38 projects with infrastructure gaps and the action needed on these. The projects are across four ministries that include railways, shipping, ports, and waterways; civil aviation; and petroleum and natural gas.

Of these, there are 11 new projects, while 27 are existing ones, according to an internal report by the Ministry.

In all, there are 10 projects of the railways; nine are of Ministry of Shipping, Ports, and Waterways; six each of National Highways Authority of India and the Ministry of Civil Aviation; and seven are of the Ministry of Petroleum and Natural Gas.

Linkage Projects

All projects that are taken up by the Railways are linkage-related.

For instance, doubling the rail line along the Angul—Talcher—Sukhinda line is mentioned to serve Talcher coal mines, steel plants, and other industries in the Angul industrial area and also to link Jharsuguda and Sambalpur areas with ports.

Similarly, the tripling of the Banspani–Jakhapura line has been mentioned to link iron-ore mines in Odisha and Jharkhand to coastal areas and also to serve steel plants and other industries in the Sukhinda–Kalinganagar industrial area.

Connecting Paradip Port to the Dedicated Freight Corridor via the Paradip–Haridaspur line (a SPV of the Railway) and linking of Banspani–Jakhapura line to Paradip port are some of the important projects with infrastructure gaps that the Steel Ministry has identified.

Also mentioned for action in the report are the Jharsuguda–Sambalpur–Titlagarh–Vijaynagaram and the Raipur–Titlagarh–Vijaynagaram lines, both of which are required for better linkages for coal and iron-ore traffic to and from Vizag and coal and steel from Vizag to other parts of South India.

Use of Waterways

The Ministry report also points out that action is required in the Haldia-Sahibganj-Patna–Varanasi waterways (or National Waterways 1); on the Brahmani River connecting Talcher, Angul, and Kalinganagar (or National Waterways 2); and also on the Amba River (NW 10) routes.

“Operationalisation is needed for cost-effective transportation,” the report mentions.

Incidentally, the Union Steel Ministry has been writing to mills and the Ministry of Shipping, Ports, and Waterways to push the waterways as an alternative and cost-effective route to transport coal, steel, and other offerings.

Decongestion of Paradip port by enhancing capacity (to 12.5 million tonne per annum by 2022 and 25 mtpa by 2025) and the creation of deep draught captive berths for steel plants at Paradip port are some of the major projects in the infrastructure gap report.

Decongestion of Haldia, Dhamra, and Subarnarekha is also mentioned in the report.

Other Ministries

The report mentions the need for four lanes on the NH53 stretch between Duburi and Paradip, two additional lanes on SH20 (Duburi-Panikolli), NH720 (Duburi-Bamnipal-Keonjhar) between Nagarnar and Visakhapatnam, and the NHAI widening of the NH2 stretch between Burnpur and Kolkata.

Similarly, airstrip creation and expansion and airport expansion projects in Nagarnar, Angul, Raurkela, Jamshedpur, Jharsuguda, and Raipur also found mention.

The steel ministry has also called for the operationalisation of pipelines like Kanai Chatta–Shrimapur; Mallavaram–Bhilwara–Bhopal Vijaipur; Jagdishpur, Haldia, and Bokaro Dhamra phases 2 and 3; Barauni–Guwahati; and Srikakulam–Angul, among others. “The operationalisation will help supply of cheaper and green fuel, that is gas for steel production,” the report said.

Published on December 26, 2022