Tamil Nadu government releases revised schedule of rates for the fiscal
Minister for Public Works E.V. Velu released the schedule, compiled in three volumes, for various departments and government agencies, including Highways, the Tamil Nadu Water Supply and Drainage Board, and the Hindu Religious and Charitable Endowments Department.
Sources in the PWD said that nearly 183 new items, including UPVC sliding windows and statues, have been added this fiscal. The schedule lists basic rates for various materials and services required for construction projects.
The committee tasked with preparing the schedule, comprising the heads of several key departments, had considered various factors, including the market rates and the Wholesale Price Index, to arrive at the revised rates. The new rates would increase the average project estimate by 5%.
The rates for M-sand and blue metal have been increased by 18% because of various taxes. Labour charges have also been raised by 7%. For instance, the charges for the mason (brick work) and mazdoor category-I were fixed at ₹1,098 and ₹716 per day respectively during 2024-25.
However, cement and steel rates have been reduced by 6% and 0.6% respectively, based on the Wholesale Price Index. Last year's schedule had fixed ₹298 for a bag of cement and ₹56,000 for a metric tonne of steel. The new rates would help the departments prepare better project estimates and complete projects on time, the sources said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
7 hours ago
- News18
Macro Check: Exports At Record High, Inflation Cools, Rural Economy Expands; Know How India Is Growing
With inflation under control, exports at record highs, and robust rural indicators, India's economy appears firmly on a growth path. Check latest macroeconomic indicators: Prime Minister on Saturday said India is on way to become the third-largest economy in the world and, therefore, must remain 'vigilant" about its economic interests. The remarks have come days after Morgan Stanley in its report also said India is on track to become the third-largest economy by 2028 and more than double its GDP to $10.6 trillion by 2035. Addressing a public rally in Varanasi, the prime minister said: 'India is set to become the world's third-largest economy… therefore, India must remain vigilant about its economic interests. Our farmers, our small industries, employment for our youth… their interests are paramount for us. The government is making every effort in this direction." With inflation under control, exports at record highs, and robust rural indicators, India's economy appears firmly on a growth path. Here's a look at India's current macroeconomic situation: GST Collection: The latest goods and services tax (GST) data released on Friday showed a 7.5% YoY in tax collection to Rs 1,95,735 crore. With this, collections remained above Rs 1.8 lakh crore for a seventh consecutive month. In April-July 2025, the collection has grown 10.7 per cent year-on-year to Rs 8,18,009 crore. Inflation: Inflation has eased considerably, bringing relief to households. The Consumer Price Index (CPI) inflation dropped to 2.10% in June 2025, its lowest level since January 2019, and well within the Reserve Bank of India's (RBI) target range of 4% (±2%). This drop was aided by a favourable base effect and a sharp fall in food inflation, which stood at -1.06% year-on-year. Prices for essential food items such as vegetables, cereals, pulses, sugar, milk, and spices saw notable corrections, helping reduce household expenditure. Wholesale inflation also reflected the cooling price trend. The Wholesale Price Index (WPI) slipped to -0.13% in June, with the WPI Food Index inflation at -0.26%, largely due to lower prices of mineral oils, crude oil, natural gas, and basic metals. Rural Economy: In rural India, economic indicators are improving as well. According to NABARD's Rural Economic Conditions and Sentiments Survey (RECSS) for July 2025, 76.6% of rural households reported increased consumption, while 39.6% experienced higher incomes over the past year. Rural inflation fell to 1.72% in June, a sharp 394 basis point drop compared to the previous year, signalling better supply-side management and job creation in non-urban areas. FMCG major Hindustan Unilever (HUVR) in its post-Q1 management concall highlighted that rural-led recovery remains intact, with urban demand also picking up. Growth is being driven by smaller towns and channels like e-commerce and quick commerce. HUVR's rural business comprises nearly 1/3 of its overall portfolio. The RBI's repo rate cut to 5.5% in January 2025, from 6.5%, has helped lower borrowing costs, thereby supporting both consumption and investment without risking inflationary pressure. External Front: India's exports rose to $210.31 billion in Q1 FY 2025–26 (April–June 2025), marking a 5.94% year-on-year increase, while imports grew by 4.38%. This helped narrow the trade deficit by 9.4% to $20.31 billion. Services exports surged 10.93% to $98.13 billion, while non-petroleum exports grew 5.98%, and non-gem and jewellery exports rose 7.23%, signalling broad-based strength across export categories. Key sectors driving the export growth include electronic goods, tea, meat, dairy, poultry, jute manufacturing, and cereals. Electronics exports received a boost from the Make in India initiative, while the Mission for Aatmanirbharta in Pulses helped reduce reliance on imports. For FY 2024–25, India achieved a record total export figure of $824.9 billion, a 6.01% increase over the previous fiscal year, reinforcing its growing presence in global trade. Govt Schemes: Government policies continue to drive this export momentum. Programmes like the Foreign Trade Policy (FTP) 2023, RoDTEP, RoSCTL, and Districts as Export Hubs are enhancing competitiveness. Infrastructure expansion under the National Logistics Policy and PM GatiShakti, along with increased budget outlays for Production-Linked Incentive (PLI) schemes in electronics, automobiles, and textiles, are fueling industrial growth. Initiatives such as Bharat Mart in Dubai are helping MSMEs reach global markets. Compliance reforms, including the decriminalisation of over 3,700 legal provisions since 2014, and platforms like the National Single Window System, are further simplifying business operations. The Ministry of MSME's 65 Export Facilitation Centres are also playing a key role in enabling small businesses to scale internationally. India's real GDP grew by 6.5% in FY 2024-25, according to the Ministry of Statistics and Programme Implementation, with the RBI projecting similar growth for FY 2025-26. With this, India remains the fastest-growing major economy in the world. Looking ahead, India is expected to reach a GDP of $7.3 trillion by 2030, positioning itself as the third-largest economy globally, supported by its young population, strong domestic demand, and ongoing structural reforms. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : indian economy view comments Location : New Delhi, India, India First Published: August 02, 2025, 16:24 IST News business » economy Macro Check: Exports At Record High, Inflation Cools, Rural Economy Expands; Know How India Is Growing Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
2 days ago
- Time of India
MoRTH proposes franchise-based model for wayside amenities on private land
Advt 900 WSAs in pipeline, demand estimated at 5,000 Facilities and financial terms Advt By , ETInfra Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. The Ministry of Road Transport and Highways has proposed a policy shift to allow the development of wayside amenities (WSAs) on private land along national highways and expressways through the franchise model of the National Highways Logistics Management Ltd NHLML ), citing the need to scale up such facilities to meet growing demand, according to The Economic most WSAs are being developed on government land, but the draft policy—issued on Wednesday—marks a shift in strategy. The ministry has invited stakeholder comments before finalising the ministry stated that NHLML is in the process of establishing around 900 WSAs on land owned by the government across national highways (NHs) and expressways (NEs). However, to ensure basic facilities every 30–40 km on either side of highways with at least two lanes and paved shoulders, around 5,000 WSAs would be needed.'Therefore, private sector participation in the establishment of WSAs on the standard template including in the provision of land for the purpose and for the operations and management of the WSA as a franchisee of NHLML would need to be encouraged,' the draft policy the proposed model, NHLML would serve as the nodal agency and invite expressions of interest (EoIs) from private landowners for WSA development Mandatory facilities at WSAs would include food courts and restaurants, convenience stores, toilets, drinking water, parking areas for cars, buses and trucks, first-aid medical facilities, affordable eateries for truckers, rest and dormitory space for drivers, baby care rooms, and washing facilities for add-ons include fuel stations, EV charging stations, ATMs, self-laundry and cooking areas for truckers, vehicle repair shops, tourist desks, telecom towers, and open franchisee will finance and manage the WSA. A nominal monthly franchise fee of ₹100 will be levied for the first three years after commissioning, rising to ₹25,000 from the fourth year onward, with annual indexing based on 70 per cent weightage to the Wholesale Price Index (WPI) and 30 per cent to the Consumer Price Index (CPI).The draft adds, 'However, if the franchisee company operates and manages the truckers' facility along with the WSA in accordance with affordability and quality performance indicators specified by NHLML from time to time, a discount of 25 per cent shall be provided on the monthly franchise concession fee.'If private landowners do not wish to develop and operate the WSA, they may lease their land to NHLML for 30 years. In such cases, NHLML will appoint another entity to develop the push for a wider network of WSAs comes amid the government's ongoing expansion of India's road infrastructure . Over the past few years, expressway and national highway construction has accelerated, but the supporting ecosystem—especially facilities for truck drivers and long-distance travellers—has lagged behind. The ministry sees increased private participation as a way to bridge this gap.
Time of India
2 days ago
- Time of India
MoRTH proposes franchise-based model for wayside amenities on private land
The Ministry of Road Transport and Highways has proposed a policy shift to allow the development of wayside amenities (WSAs) on private land along national highways and expressways through the franchise model of the National Highways Logistics Management Ltd ( NHLML ), citing the need to scale up such facilities to meet growing demand, according to The Economic Times . Currently, most WSAs are being developed on government land, but the draft policy—issued on Wednesday—marks a shift in strategy. The ministry has invited stakeholder comments before finalising the proposal. 900 WSAs in pipeline, demand estimated at 5,000 The ministry stated that NHLML is in the process of establishing around 900 WSAs on land owned by the government across national highways (NHs) and expressways (NEs). However, to ensure basic facilities every 30–40 km on either side of highways with at least two lanes and paved shoulders, around 5,000 WSAs would be needed. 'Therefore, private sector participation in the establishment of WSAs on the standard template including in the provision of land for the purpose and for the operations and management of the WSA as a franchisee of NHLML would need to be encouraged,' the draft policy states. Under the proposed model, NHLML would serve as the nodal agency and invite expressions of interest (EoIs) from private landowners for WSA development . Facilities and financial terms Mandatory facilities at WSAs would include food courts and restaurants, convenience stores, toilets, drinking water, parking areas for cars, buses and trucks, first-aid medical facilities, affordable eateries for truckers, rest and dormitory space for drivers, baby care rooms, and washing facilities for vehicles. Permissible add-ons include fuel stations, EV charging stations, ATMs, self-laundry and cooking areas for truckers, vehicle repair shops, tourist desks, telecom towers, and open gyms. The franchisee will finance and manage the WSA. A nominal monthly franchise fee of ₹100 will be levied for the first three years after commissioning, rising to ₹25,000 from the fourth year onward, with annual indexing based on 70 per cent weightage to the Wholesale Price Index (WPI) and 30 per cent to the Consumer Price Index (CPI). The draft adds, 'However, if the franchisee company operates and manages the truckers' facility along with the WSA in accordance with affordability and quality performance indicators specified by NHLML from time to time, a discount of 25 per cent shall be provided on the monthly franchise concession fee.' If private landowners do not wish to develop and operate the WSA, they may lease their land to NHLML for 30 years. In such cases, NHLML will appoint another entity to develop the site. The push for a wider network of WSAs comes amid the government's ongoing expansion of India's road infrastructure . Over the past few years, expressway and national highway construction has accelerated, but the supporting ecosystem—especially facilities for truck drivers and long-distance travellers—has lagged behind. The ministry sees increased private participation as a way to bridge this gap.
