In the wake of delay in several steel projects and scams in allocating natural resources, the draft national steel policy suggests introduction of an online single e-window clearance for projects. The involvement of a large number of agencies in project clearances is considered to be a major hurdle in creation of green field steel capacities
Author: admin (Infratructure Today)
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Nashik’s roads to be repaired before monsoon
Nashik's roads are going to be repaired. The Nashik Municipal Corporation (NMC) has accelerated 19 road works across the city to be ready for the monsoon which is more than three months away. Bids have been invited to undertake various roads works amounting to Rs 14 crore. The work includes widening, resurfacing, tarring and macadamisation.
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Mangalore railway station gets its 2nd foot overbridge
In Mangalore, a second foot overbridge was inaugurated at Mangalore Central Railway Station on February 11. Nalin Kumar Kateel, Member of Parliament from Mangalore said that the overbridge has been constructed at a cost of Rs 75 lakh to connect platforms 1, 2 and 3.
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Imphal-Jiribam h’way stretch remains in bad shape
The Imphal-Jiribam stretch of National Highway 37 will not be fit for an international car rally when the Bangladesh, China, India, Myanmar car rally enters the State on February 26 from Kolkata. Though the Border Roads Organisation (BRO) has been maintaining that the Ministry concerned, in this case the Ministry of Road Transport and Highways, has not sanctioned anything to repair a 26 km stretch of the said highway for the car rally, it has come to light that a sum of Rs 45 crore was recently
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Ministry agrees to release Rs 250 bn to state-run OMCs
Government agreed to release Rs 25,000 crore as compensation to state-run oil marketing companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum-for selling diesel, cooking gas (LPG) and kerosene at subsidised prices. The finance ministry gave a comfort letter to the OMCs intimating its plan to release the amount. How
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World Bank lends $60 mn for water project
World Bank agreed to lend $60 million for the Karnataka Watershed Development Project II (KWDP II), which aims to improve watershed planning and management in project areas. An agreement to this effect was signed between the World Bank and the state government. To be implemented across seven districts of Karnataka, the project will improve government wate
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State FMs to meet Chidambaram on Feb 14
Finance Ministers of all the states in the country would meet Union Finance Minister P Chidambaram on February 14 in New Delhi to discuss the framework of the goods and services tax (GST). During the meeting, Chidambaram is expected to seek the nod of the state finance ministers on the framework of GST so that a broad outline of the indirect tax
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Indian delegation signs LoI with Brazil govt
An Indian delegation led by union steel ministry signed
a letter of intent (LoI) with Brazilian government to strengthen cooperation between the two nations in steel and mining sectors. Executive Secretary (Mines and Energy), Government of Brazil signed the agreement on behalf of that country. The two countries have emerged as large markets after China in terms of their growth potential among the dev
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Net profit of Steel Exchange India rises
The net profit of steel maker and trader Steel Exchange India rose to Rs 5.85 crore during October-December 2012 from Rs 3.86 crore in the same quarter of previous year. But sales of the firm contracted slightly to Rs 304.89 crore during the quarter, from Rs 355.22 crore in the year-ago period. The company expects to save costs considerably with the recent lau
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JSPL to raise steel production capacity
Jindal Steel & Power (JSPL) has a steel production capacity of 3.5 million tonne (mn t) at present, which the firm expects to raise to 15 mn t by 2020. This would make the company the fourth largest steel maker from its current position of sixth. In 2013-14, additional 7 mn t would be commissioned in Angul (Odisha) and