Union Finance Minister P Chidambaram received a request from the Gujarat government to reduce custom duty on import of ships being brought for breaking from 5 per cent to zero. Gujarat Finance Minister Nitinbhai Patel put this request at the pre-budget meeting convened by Chid
Author: admin (Infratructure Today)
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General consultant appointed for DFC project
General consultancy contract for Kanpur–Mughalsarai, Khurja–Ludhiana and Khurja–Dadri section of Eastern Dedicated Freight Corridor project has been awarded to AECOM Asia Company at a cost of Rs 18.18 crore, according to the Dedicated Freight Corridor Corporation of India (DFCIL).
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IISCO Steel to commission five packages
IISCO Steel Plant (ISP) expects to commission at least five packages, which are part of its ongoing Rs 16,000-crore modernisation and expansion project, between January and March 2013. Instead of waiting for the completion of the entire project, the firm plans to commission all the packages which are ready. It is learnt that the above five pack
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Gujarat govt signs 8 MoUs for port development
The Gujarat government signed eight memoranda of understanding (MoU) with the attendants of the sixth Vibrant Gujarat Summit- 2013 for development of the existing ports as well as converting them into environmental-friendly or green ports. These eight MoUs are part of the 63 agreements worth Rs 1 lakh crore that the state government plans to sign with the private players for the development of the stateÂ’s port
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RBI may cut repo rate in Jan policy; Credit Suisse
According to brokerage firm Credit Suisse, in its monetary policy meeting on January 29, the Reserve Bank of India (RBI) may reduce repo rate by 50 basis points, to 7.5 per cent because of decline in inflation. In a recent research report, Robert Prior-Wandesforde of Credit Suisse said the repo rate may be redu
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Orissa’s solar policy to be framed in two months
A comprehensive solar policy is going to be framed in in Odisha, the State government has decided to this extent to promote solar power generation in a big way. The State Department of Science & Technology, which is finalising the policy has targeted solar power production of 80 mw in three years.
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KSIDC to rope in consultant for airport project
Media reports suggest that consultants are invited for ‘techno economic feasibility and environmental impact assessment’ for the proposed airport at Wayanad by Kerala State Industrial Development Corporation (KSIDC). Airports Authority of India (AAI) found the site identified at Panamaram, Wayanad, suitable for the project during a preliminary feasibility
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Maha’s industrial policy to allow more land for housing
The Maharashtra governmentÂ’s new industrial policy will lead to the unlocking of 8,797 acres of land in Thane-Navi Mumbai area and 5,765 acres of land in Pune, official data shows. Of this, 40 per cent of land will be used for construction of houses and shops.
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Global clean energy investments fell by 11% in 2012
According to reports, the overall global clean energy investments in 2012 was $268.7 billion, down from $302.3 billion in 2011. Clean energy investment declined 11 per cent in 2012, weighed down by regulatory uncertainty and policy changes in big markets such as the US, India, Spain and Italy. Sharply lower prices of solar and wind technology also provided downward pressure on investment volumes.
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Some bankers expect RBI to cut CRR to ease liquidity strain
Some bankers expect Reserve Bank of India either to cut cash reserve ratio (CRR) in the third-quarter monetary-policy review on January 29 or conduct open market operations (OMO) to overcome liquidity crunch in the banking system. It is learnt that slow growth in deposit rate, back-to-back auction of government bonds have strained liquidity in the banking system. According to reports, main