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)
Post
Post
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
Post
Railways to mop up Rs 2,000 cr
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
Post
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
Post
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, RailwayÆs Share in Road Safety Fund of Rs 2,000 crore and internal resources of Rs 14,260 crore. Highlighting the
Post
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.
Post
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
Post
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
Post
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.
Post
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