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Welcome To Excon Event 2019 Banglore

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5 years ago

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Welcome To Excon Event 2019 Banglore

Excon Events is The Market Place For Construction Equipment Industry

The infrastructure part is a key driver for the Indian economy. The segment is exceptionally liable for pushing India’s general improvement and appreciates serious concentration from the Government for starting strategies that would guarantee the time-bound formation of world-class infrastructure in the nation. The infrastructure division incorporates control, spans, dams, streets and urban infrastructure advancement.

The Indian economy is right now around Rs 190 lakh crore (GDP at current market costs, 2018-19) which turns out to be $2.8 trillion, changing over it in dollar terms taking the normal swapping scale of the money related year.

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The portrayal of the Indian economy, anticipating the nation’s (GDP) would develop at 7% in 2019-20, against a five-year low of 6.8 percent the former year. This low in GDP was with political security encouraging a get sought after and speculations. India would need to develop at 8 percent yearly to turn into a $5-trillion economy by FY25, the overview venture.

INDIA’S SUSTAINABLE DEVELOPMENT REQUIRES INVESTMENT WORTH OF RS 50 TRILLION (US $ 777.73 BILLION)

IN INFRASTRUCTURE BY 2022 In Excon

1. India has a necessity of venture worth Rs 50 trillion (US$ 777.73 billion) in infrastructure by 2022 to have manageable advancement in the nation.

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2. In the Union Budget 2019-20, the Government of India has given a huge push to the infrastructure segment by apportioning Rs 4.56 lakh crore (US$ 63.20 billion) for the part.

3. FDI got in the Construction Development part (townships, lodging, developed infrastructure, and development improvement ventures) from April 2000 to December 2018 remained at US$ 24.91 billion and in Construction (Infrastructure) exercises remained at US$ 14.01 billion.

4. With activities like ‘Lodging for All’ and ‘Brilliant Cities Mission,’ the Government of India is taking a shot at lessening bottlenecks and hindering development in the infrastructure sector.Rs 2.05 lakh crore (US$ 31.81 billion) will be put resources into the keen urban communities crucial. Every one of the 100 urban communities has been chosen as of June 2018.

5. In Union Budget 2019-20, Rs 83,015.97 crore (US$ 11.51 billion) was apportioned for National Highways Authority of India (NHAI) while Rs 19,000 crore (US$ 2.63 billion) was designated to Pradhan Mantri Gram Sadak Yojana (PMGSY) for improvement of streets in provincial and in reverse territories of the nation.

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6. The Indian Railways got a designation under Union Budget 2019-20 at Rs 66.77 billion (US$ 9.25 billion). Out of this allotment, Rs 64.587 billion (US$ 8.95 billion) is capital used.

7. Indian Railways will require a venture of Rs 35.3 trillion (US$ 545.26 billion) by 2032 to limit expansion and modernization. Capital consumption in the division is required to be expanded by 92 percent every year.

8. For 2019-20, the absolute capital use of Railways is relied upon to be Rs 1.59 trillion (US$ 22.04 billion).

9. In the 2019-20 Union Budget, the administration reported Rs 83.02 billion (US$ 11.51 billion)for street transport and parkway.

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10. The Government of India will develop 65,000 km of thruways by 2022.

11. The administration declared designs to put US$ 6.98 billion in the Northeast States.

12. The Airports Authority of India intends to bring around 250 air terminals under activity the nation over by 2020.

13. The AAI plans to spend over Rs 21,000 crore (US$ 3.2 billion) between 2018-22 to assemble another terminal and grow the limit of existing ones.

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14. Metro rail ventures worth over Rs 500 billion ($7.7 billion) are in progress in India and this heap will most likely develop.

Occasion Fact Sheet

1. Biggest CONSTRUCTION EQUIPMENT EXHIBITION IN SOUTH ASIA

2. 3,00,000 SQ.MTS OF EXHIBITION DISPLAY AREA

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3. UFI APPROVED EVENT

4. 1250+ EXHIBITORS INCLUDING 350 FROM ABROAD

5. 10 COUNTRY PAVILIONS

6. BUSINESS VISITORS

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7. Item LAUNCHES

8. INDUSTRY CONFERENCES BY CII, BAI, AND ICEMA

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Construction Infrastructure

Equipped to thwart cyber attacks: Banks, insurance firms to Sitharaman

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18 hours ago

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May 10, 2025

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Equipped to thwart cyber attacks: Banks, insurance firms to Sitharaman

Sitharaman gave banks instructions to keep offering smooth services to customers, even in isolated locations, in cooperation with authorities and security firms as needed. Finance Minister Nirmala Sitharaman received assurances from Indian banks and insurance companies on Friday that they are prepared to stop any cyberattacks by Pakistani outfitted DDoS.

Distributed denial-of-service) systems. “Mock drills covering cybersecurity and disaster recovery scenarios at the highest levels have been held to ensure institutional readiness,” they informed her at a Friday meeting. According to the financial institutions (FIs), they are alert and actively monitoring phishing efforts. In order to guarantee prompt claim payouts.

Continuous customer service, Sitharaman instructed banks to keep offering smooth services to consumers, especially in distant places, in cooperation with regulators and security agencies New Delhi, May 10, 2025 — In a reassuring development for the financial sector, Finance Minister Nirmala Sitharaman on Friday said that banks and insurance companies in India fully.

Speaking at a cybersecurity summit organized by the Ministry of Finance in collaboration with the Reserve Bank of India (RBI) and IRDAI, Sitharaman stated that both public and private sector financial institutions have significantly ramped up their cyber preparedness equipped to counter cyber threats and have strengthened their digital security infrastructure safeguard.

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Rising Digital Transactions, Rising Risk

The Finance Minister’s remarks come in the wake of a growing number of cyber threats targeting the banking and insurance sectors, especially as India witnesses a steep rise in digital transactions. According to official data, digital payments in India grew over 76% year-on-year in FY 2024-25, driven by UPI, mobile banking, and digital policy purchases.

With this surge, the risks associated with data breaches, phishing, ransomware, and unauthorized access have also grown exponentially. Sitharaman emphasized the need for constant vigilance and investment in advanced cybersecurity technologies “Representatives from leading banks and insurance companies have assured the ministry that robust systems.

Institutional Safeguards in Place

The Finance Minister highlighted that both the RBI and IRDAI have issued detailed guidelines on cybersecurity protocols. Regular audits, simulation drills, and incident response mechanisms are now mandatory across institutions “Financial institutions cannot afford to be complacent. Cyber threats are evolving, and our preparedness must stay ahead of that curve.

“Banks are operating with 24×7 Security Operations Centers (SOCs), and insurance companies are also mandated to deploy advanced firewalls and data protection policies,” she noted ” she said real-time monitoring, and preventive frameworks are in place to detect, resist, and respond to cyber attacks,” Sitharaman said customers and operations Sitharaman also.

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Consumer Awareness Key

The minister also urged banks and insurers to invest in customer education. “A large number of cyber frauds happen due to lack of awareness. Institutions must proactively inform and empower users to identify and avoid suspicious links, calls, or messages,” she added mentioned that the government is working closely with the Indian Computer Emergency Response Team (CERT-In) to ensure real-time threat intelligence sharing and coordinated.

As digital finance continues to evolve, Sitharaman reaffirmed the government’s commitment to creating a secure and resilient financial ecosystem for all stakeholders response strategies Finance Minister Nirmala Sitharaman said banks and insurance companies have assured the government of their readiness to counter cyber threats. At a recent cybersecurity summit.

Financial institutions confirmed the implementation of advanced security systems, 24×7 monitoring, and compliance with RBI and IRDAI guidelines. Sitharaman emphasized the need for ongoing vigilance, customer And collaboration with CERT-In to ensure a secure digital financial ecosystem amid rising cyber risks of advanced securit Sitharaman emphasized the need for constant vigilance and investment in advanced.

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  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

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