Paradip Port Trust (PPT) is awaiting a positive response on its request to waive license norms for storing imported coal at its warehouse. The port is mandated to secure a storage licence and a transport license for all mineral transactions under the Odisha Mineral (Prevention of Theft, Smuggling and Illegal mining and Regulation of Possession, Storage and Tran
Author: admin (Infratructure Today)
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Panel suggests annual revision of gas price
A committee headed by C Rangarajan, Chairman of the Prime MinisterÂ’s Economic Advisory Council (PMEAC), suggested an annual revision in the price of natural gas produced in the country. The revision should be based on monthly moving average of net back price for producers of Indian LNG and the other volume weighted price of USÂ’s Henry Hub, UKÂ’s
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Ministry to take shale gas policy before cabinet
Noting that India has the potential to exploit shale gas, Union Oil Minister M Veerappa Moily informed that the proposed policy shale gas would be taken before the cabinet for approval soon. He also said that the shale gas policy that his ministry was working on was a positive and forward-looking one. Shale gas is an important source and potential of oil world over,
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Panel suggests production-linked deals
In order to overcome problems associated with the cost-recovery contracts in oil and gas exploration sector, a high level panel recommended the government to adopt production-linked contracts wherein companies would be chosen based on the amount of output they are willing to share with the government. The committee, under the PM's Economic Advisory Council ( PMEAC) Chairman C Rangarajan, proposed a mod
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Deal on US fiscal cliff raises oil prices
Crude oil futures in the international market rose marginally in recent trade because traders expected the US economy to avert recession after the US government arrived at a deal on fiscal cliff. Recently, the Senate and the House of Representatives approved a deal preventing a raft of aust
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Vizag Steel works on captive power plant project
In order to ensure assured power supply for its future requirement, the Visakhapatnam Steel Plant is working on a 240 mw captive power plant project in two phases. In the first phase, the firm would be setting up a 120 mw blast furnace gas-based captive plant with an investment of Rs 677 crore. AP Choudhary, Chairman and Managing Director of the firm, laun
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Prioritise urban infra
National Urban Transport Policy [NUTP] was cleared initially way back in 2006, with a vision statement, to "make our cities the most liveable in the world and enable them to become the engines of economic growth". Given the organisation of our cities' infrastructure, it will be a mammoth task for any city to bring order and predictability, let alone promote sustainable forms of transport.
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Enabling regulations may save the day
The economics of the airline industry has always been a concern for stake holders. Deep N Mukherjee and Ashoo Mishra explore the various challenges involved in this sector. The airline industry is a sector where reputation, skill and luck do not play a major role. A case in point is Warren Buffet who lost heavily in his investment in US Airways. The challenges for the Indian aviation industry increase further on the back of regulationdriven cost inefficiencies and a nascent market.
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City gas distribution is in evolution stage
The policy makers, regulator and CGD companies must come together and work towards bringing about positive changes in the sector to maintain its attractiveness, writes Samrat Chauhan.
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Heading for a revival?
Development of infrastructure is vital for the progress of Indian economy. However, a collective support of other sectors is required to achieve its goal. The year just gone was shaded with the dark patches of issues like slowdown and lack of policy initiatives. However, a realistic approach in policy frame work and the revival of the global economy can uplift the sentiments of the industry in the coming years. Arvind Mahajan writes on the performance and outlook of India's infrastructure sector