The slowdown in economic growth and the government's commitment to reign in fiscal deficit may prompt Reserve Bank of India (RBI) to cut policy repo rate by 25 basis points in its monetary policy review in mid-March. The central bank may partly base its decision on the government's efforts to deliver fiscal consolidation as exemplified by the progress in 2012-13 and presented in th
Author: admin (Infratructure Today)
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Gujarat to bring in offshore wind power policy
Gujarat government is now focusing on tapping offshore wind power generation potential along its coastline. The State has successfully established a solar power generation park in north Gujarat and a series of wind power plants with private companies. Following a positive study report prepared by UK based Atlantis Resources Corporation, the government is now drafting an offshore wind power generation policy that will be announced soon.
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NMDC gets response from buyers for steel project
Media reports indicate that public sector iron ore miner NMDC received encouraging response from steel firms for the expression of interest (EOI) floated by it to sell 50 percent stake in an upcoming project. The company is setting up a 3 million tonne per annum (mn tpa) steel plant at Nagarnar in Chhattisgarh with an investment of Rs 16,000 crore. Work on the proj
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World Bank approves Rs 3.7 bn project
The Rs 373 crore Cuttack-Chandabali Road project, which is one of the biggest road projects to be implemented in Odisha, received approval from the World Bank. For a long time, Odisha government was pursuing the clearance of the road project with the centre and the World Bank
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Govt takes steps to promote FDI
The central government is taking a slew of measures to promote foreign direct investment in Indian companies and thereby improve capital flows into the country. As part of this effort, the Department of Industrial Policy and Promotion (DIPP) would soon move a Cabinet note to amend the FDI policy to bring more clarity on the definition of ĂâcontrolĂâ in sync with that in the C
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Govt takes steps to promote FDI
The central government is taking a slew of measures to promote foreign direct investment in Indian companies and thereby improve capital flows into the country. As part of this effort, the Department of Industrial Policy and Promotion (DIPP) would soon move a Cabinet note to amend the FDI policy to bring more clarity on the definition of ĂâcontrolĂâ in sync with that in the C
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Credit Suisse expects better prospect for cement firms
In the next two years, prospect of cement companies may improve as supply pressure eases and demand rises, a research report by Credit Suisse shows. Cement firms have been battling supply glut because of excess capacity, which was built in anticipation of strong demand from the infrastructure projects
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AI offers fares matching AC train charges
Offering air fare prices close to air-conditioned train fares Air India has launched a 60-day advance purchase fare scheme to woo holiday makers. The advance purchase fare (Apex) tickets are available for sale on various routes and customers can travel from the middle of May, the airline said in a statement.
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Cargo terminals to come up at 24 Airports
Union Minister of State for Civil Aviation KC Venugopal has stated that 24 airports have been identified for establishment of cargo terminals by carrying out minor modifications to the redundant passenger terminals.
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Tata Steel’s 6 mn tpa project may be operationally beneficial
According to analysts, the proposed 6 mn tpa (million tonnes per annum) steel plant by Tata Steel in Odisha would be operationally beneficial for the company. This is because the proposed plant would have captive iron ore reserves, efficient logistical infrastructure reducing costs and technologically efficient plan