Delhi Airport has started the year 2013 with a new milestone in its history registering 73 Air Traffic Movements (ATMs) in an hour on 24th January'13. It is the record number of air traffic movements ever made at any airport in India thanks to the efforts by the ATC team.
Author: admin (Infratructure Today)
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RBI survey expects 5.5% economic growth in FY13
According to a survey sponsored by the Reserve Bank of India (RBI), the Indian economy may expand at 5.5 per cent in 2012-13, lower than the government's revised annual growth estimate of 5.7 per cent. It may be noted that the RBI had earlier projected a growth rate of 5.8 per cent for 2012-13. The Indian econ
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ONGC expects 27 mn t oil output in 2012-13
Sudhir Vasudeva, Chairman and Managing Director of Oil and Natural Gas Corporation (ONGC) informed that his firm may produce 27 million tonne of crude oil and 25.7 billion cubic m of gas in 2012-13. Even in 2011-12, the firm achieved similar level of production. However, the firm aims to add 2.9 million-tonne oil equivalent to its output in 2013-
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Infra firms welcome RBI rate cut
Infrastructure developers and development finance companies cheered the Reserve Bank of India's (RBI) move to cut policy repo rate in its third quarter review of monetary policy. Infrastructure developers urged banks to pass on the cut in policy rate to borrowers and thereby reduce the cost of funding
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RBI hints at more policy easing if inflation, CAD falls
The Reserve Bank of India (RBI) Governor D Subbarao informed reporters that there would be more room for monetary policy actions if inflation eases further and the current account deficit moderates further. He said this after announcing the decision of the RBI to reduce repo rate by 25 basis points and cash reserve ratio (CRR) of scheduled commercial banks by 25 bps in the third quarter monetary policy
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Home Ministry to check road works along China border
To review progress of road construction along China border the Indian Home Ministry will hold a review meeting this week. Media had last week highlighted about the tardy pace of construction of the key stretches in Sikkim and Uttarakhand that are being built for Indo-Tibet Border Police (ITBP).
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Widening of Minjur-T’vanam road in Chennai nears completion
In Chennai, another road that provides connectivity to places in north Chennai is expected to be ready by February end. The 17.4 km-long Minjur-Kattur-Thirupalaivanam Road that is being strengthened and widened at a cost of Rs 36.64 crore, will help residents of villages including Neidavoyal, Thiruvallavoyal and Thathamanji.
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Gujarat takes up road broadening work on 3 highways
In Gujarat, as the Adipur-Mundra highway, Bhuj-Anjar highway and Bhachau-Rapar highway have been taken up for broadening work, traveling to Kutch from Saurashtra and Ahmedabad will be quicker. A five meter wide Adipur-Mundra highway will be converted to 10 meter, while Bhuj-Anjar and Bhachau-Rapar both 7-meter wide highways will be converted to 10 meter status.
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CCI to discuss clearance for infra projects today
Media reports suggest that the Prime Minister-led Cabinet Committee on Investment (CCI) would meet today for the first time after it was set up to provide single window clearance to mega industrial and infrastructure projects. It may be recalled that several projects in the road, power, steel, oil and gas and other sectors are delayed beca
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Net profit of Bank of India rises 12% in Dec quarter
During October-December 2012, the net profit of state-run Bank of India rose 12 per cent to Rs 803 crore from Rs 716 crore in the year-ago period. The bank said it could not achieve a higher growth in net profit because of rise in provisioning and modest growth in advances