Economy News Notes:

Leading credit agency ICRA has said that with the economy in a sluggish growth mode, the construction sector is faced with short-term challenges of:
- increased debt levels,
- sluggishness in new order inflows,
- execution concerns surrounding their current order books and
- elongated working capital cycle
almost all construction companies are plagued by a number of slow-moving orders due to issues related to:
- land acquisition;
- securing requisite clearances;
- labour shortage and
- other sector-specific issues such as payment issues plaguing irrigation projects in Andhra Pradesh and issues faced by power projects.

‘Metro Man' E. Sreedharan on Saturday handed over the baton to his colleague Mangu Singh after a momentous 16-year tenure as Managing Director of the Delhi Metro Rail Corporation
Seventynine-year-old Sreedharan, architect of the Konkan Railway project who joined the Delhi Metro in 1995, retired after 16 years of service in the Delhi Metro.
His successor Mangu Singh has worked closely with him during the construction of the Delhi Metro network.
Mr. Sreedharan, credited with restoring the Pamban Bridge in Rameshwaram which was washed away in the 1963 floods in Tamil Nadu in just 46 days
From 8 km in 2002, the Delhi Metro now has a network of 190 km