Around 85% of road projects in India are expected to be completed by the end of this fiscal year, according to Anurag Jain, Road Transport and Highways secretary. The government’s efforts to expedite clearances and resolve issues have led to improved monitoring and faster project implementation. Jain highlighted the use of monitoring mechanisms, environment and forest clearances, and the Prime Minister’s PRAGATI meeting as factors contributing to the progress.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,