Uttar Pradesh Chief Minister Akhilesh Yadav asked companies to invest in the state by assuring them that his government would revamp the investment related policies across sectors and create an enabling and business friendly environment. He made this appeal at the CII Partnership Summit in Ag
Author: admin (Infratructure Today)
Post
Post
RBI cuts repo rate to support economic growth
Reserve Bank of India (RBI) reduced the policy repo rate by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect in its third quarter review of monetary policy 2012-13. In order to infuse liquidity into the banking system, the central bank also reduced the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per
Post
RBI cuts repo rate to support economic growth
Reserve Bank of India (RBI) reduced the policy repo rate by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect in its third quarter review of monetary policy 2012-13. In order to infuse liquidity into the banking system, the central bank also reduced the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per
Post
Quote on RBI’s Credit Policy: CRR and repo rates slashed by 0.25%
Finally, we have the rate cut (start of the series of cuts that hopefully will follow over several quarters, influenced by the overall inflation situation and the economy's need to perk up growth rates) which coupled with the lower CRR should provide great relief to Real Estate industry reeling for quite some time now under the burden of huge debts on one side and poor cash flows caused by slowdown in sales.
Post
Perspective on the Credit Policy
In my opinion, RBI delivered a very balanced policy. As expected, they chose the calibrated path of a 25 bps cut in the Repo and the Reverse Repo rates as they wanted to avoid a repeat of April 2012 when the RBI had cut the Repo rate by 50 bps and then had to pause with surprises creeping in from the inflation side. On the other side, there is a clear acknowledgement from the RBI that demand side activity has remained low, growth has slowed below trend, probably needing the RBI to complement the
Post
Coal transportation contract of Durgapur Projects
The West Bengal government founded Durgapur Projects Ltd aims to develop infrastructure for various large, medium and small scale industries in and around Durgapur and also at other places within the state. Incorporated on September 6, 1961, the body consists of coke oven batteries, bye-products plant, gas grid project, thermal power plant
Post
IDCOL Kalinga Iron Works to procure ore
Industrial Development Corporation of Orissa (IDCOL) intends to promote, industrial units for optimum utilisation of mineral resources available in the state and manage the same with optimum efficiency and productivity. The corporation also provides single window service to the entrepreneurs like government approval, NOC of Pollution Control Board,mining lease tax incentives available for new units, infrastructure development etc.
Post
Resurfacing of Aizawl roads in progress
According to the Mizoram PWD sources, the resurfacing work beginning from Bawngkawn Traffic Point in Aizawl is in progress towards Buichali via Sairang and the work is going on near Rangvamual on January 25.
Post
Rs 14.29 cr approved for widening of Nagpur’s Lam Road
In Nagpur, the widening of Lam Road from Saubhagya Nagar to Deolali Camp has got a green signal as the district collectorate has, in principle, approved the Rs 14.29-crore proposal from the Deolali Cantonment Board. The six-km stretch will be converted into four lanes with proper dividers, streetlights, footpaths, Chief Executive Officer (CEO) of the Deolali Cantonment Board, Amol Jagtap said.
Post
Rs 6.68 cr spent on PMGSY roads in Karnah of J&K
In Jammu and Kashmir, an amount of Rs 6.68 crore has been utilised on the execution of six road projects measuring 23 kilometers in the Karnah tehsil of Kupwara district under the Prime Minister Gram Sadak Yojna (PMGSY), out of the allotted Rs 12.86 crore for this purpose.