The Union Minister of Steel, Beni Prasad Verma congratulated the Indian steel industry on being the number one in terms of growth rate in steel production amongst the top ten steel producing countries. During April - NovemberÂ’12, the Indian steel industry achieved a growth rate of 5.36 percent which was the highest in the world
Author: admin (Infratructure Today)
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Rangarajan expects inflation to ease to 6%
Prime MinisterÂ’s Economic Advisory Council Chairman C Rangarajan expressed hope that inflation would ease to six per cent by the end of the next financial year. Although the increase in fuel prices and train fares could prevent headline inflation from moderating in the near term, in the long-run he expects inflation to trend down
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Port to decide on bid for cargo berth contract
The board of trustees of VO Chidambaranar port would decide on the bid submitted by Transstroy (India)
to build a Rs 355 crore berth for loading 7.28 mn t of thermal coal and copper concentrates a year. Transstroy has reportedly quoted a revenue share price bid of 28 percent. Transstroy (India) is said to be having a technical tie-up with RussiaÂ’s Corporation Tran
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IIP grows -0.1% in November
The Index of Industrial Production (IIP), which measures output in mining, manufacturing and electricity sectors, contracted 0.1 per cent in November 2012 as against 6 per cent growth in November 2011. In October 2012, the index grew 8.3 per cent on the back of increase in output during festive season. The man
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CII seeks a budget which supports growth
Industry bodies like Confederation of Indian Industries (CII) expect the government to announce a budget which would support economic growth and employment. They expect that the government does not frame a populist budget even though election is just a year away. Call for a reform-oriented budget is becoming louder as the
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Pune to have agency to rate eco-housing projects
The Pune Municipal Corporation (PMC) is to appoint one more agency to implement the eco-housing policy to promote environment-friendly measures in real estate. The agency will help the civic administration in rating the eco-housing projects in Pune.
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Govt finalises changes in STP policy
Maharashtra government finalised several changes to the existing policy for the Special Township Project (STP) scheme. The modified policy increases the contribution of the builder to low-cost housing to 20 per cent of the total built-up area from the current level of over 10 per cent. It may be recalled that over six years ago, the state gove
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Odisha govt plans global investors meet
The Odisha government, on the lines of Gujarat, is mulling to organise Global Investors meet on a grand scale. Gujarat had hosted a two-day ‘Vibrant Gujarat’ meet recently.
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States to be asked to emulate Surat’s ring road model
The Union Urban Development Ministry is to ask all State governments to follow the SuratÂ’s Outer Ring Road Development (ORRD) model as it has impressed with the ORRD's revenue generation model, prepared by Surat Municipal Corporation (SMC).
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Chandigarh roads to be widened soon
In Chandigarh, the pending demand of widening roads in several parts of the city has finally been heard by the authorities concerned and the UT and municipal corporation have started the exercise in this regard.