By leasing out its land to build hotels, malls, warehouses and even residential complexes Indian Railways hopes to mop up about Rs 2,000 crore. Railway Minister Pawan Kumar Bansal announced that a target of Rs 1,000 crore each is proposed to be fixed for Rail
Author: admin (Infratructure Today)
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Survey expects rebound of economy
The Economic Survey for 2012-13 expects the Indian economy to grow between 6.1 and 6.7 per cent in 2013-14, which is higher than the advance estimate of 5 per cent growth in the current financial year. The survey has given a relatively wide range for growth
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Rail Budget proposes Rs 633.6 bn plan outlay
An outlay Rs 63,363 crore has been proposed for 2013-14 Rail Budget which will be financed through Gross Budgetary Support of Rs 26,000 crore, RailwayĆā s Share in Road Safety Fund of Rs 2,000 crore and internal resources of Rs 14,260 crore. Highlighting the
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Budget provides 15% allowance for over Rs 100 cr investment
The Budget 2013-14 provides 15 per cent investment allowance on investment of more than Rs 100 crore in plant and machinery. Concessional rate of tax of 15 per cent on dividend received from its foreign subsidiary by a company continued for one more year.
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JNPT for Rs 20 bn bond issue
Securities and Exchange Board of India (SEBI) received a request from the Jawaharlal Nehru Port Trust (JNPT) to allow it to raise a maximum of Rs 2,000 crore through tax free bonds. The prospectus says the JNPT would garner up to Rs 500 crore with an
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PFC plans banking business
With the Reserve Bank of India (RBI) releasing guidelines for new bank licences, Power Finance Corporation (PFC) plans to apply for a license to launch banking operation.
Satnam Singh, Chairman and Managing Director of the power sector lender said his firm
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Shriram Group mulls banking foray
With the Reserve Bank of India (RBI) releasing guidelines for new bank licences, a slew of industry conglomerates are interested to make a foray into banking business. One among them is the Chennai-based Shriram Group, promoted by R Thyagarajan.
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Cargo handling at non-major ports up
Cargo handling at non-major ports grew 10.3 per cent to 185.21 million tonne (mn t) during Apr-Sep 2012-13 from 168 mn t in the corresponding period of 2011-12. However, cargo handling at major ports declined 3.3 per cent during the first half of 2012-13 from
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Major ports suffer `1 bn loss due to strike
Major ports in the country have reportedly lost Rs 100 crore owing to the two-day nationwide strike by labour unions recently. The port workers participated in the strike called by various central trade unions to protest the 'anti-people policies' of the
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Vizag Agriport awaits project
Vizag Agriport hopes to secure the Rs 217.58 crore fertiliser terminal mechanisation project from the Visakhapatnam Port Trust (VPT) by March. VPT signed a 30-year concession agreement with Vizag Agriport in May last year for mechanisation of East