Government would soon decide on whether to secure environment and forest clearances for the 54 coal blocks before auctioning them to power, steel and other firms. According to reports, government finds it preferable to secure green nod before auctioning these blocks in order to avoid delay in developing them.
Author: admin (Infratructure Today)
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Experts call for right policy in mining sector
Experts urge government to adopt appropriate policies to tap the mining potential in the interior tribal areas. They note that mineral rich states such as Chattisgarh, Odisha and Jhar khand, have high levels of poverty, indicating that mineral wealth has not translated into prosperity, so far. Therefore, they urge gove rnment to come out with policy that facilitates inclusive development of mining sector which takes into account the overall progress of local population.
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TN govt notifies Infrastructure Development Act
The Tamil Nadu government framed rules and notified the Tamil Nadu Infrastructure Development Act 2012. The state government has created an institutional framework through this law and it encompasses over 25 social and physical infrastructure sectors.
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Ahmedabad needs 10 flyovers to ease traffic jams
Passing though Ahmedabad city roads, Amdavadis face nightmare especially during office hours and in the evening when people are going home. To solve the traffic woes, the Ahmedabad Municipal Corporation (AMC) roped in Central Road Research Institute (CRRI) to carry out a survey of traffic situation in the city and suggest measures to ease out congestion.
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BMC keen to execute 8,000 cr coastal road project
To claim the ownership of the ambitious western coastal road project the Brihanmumbai Municipal Corporation (BMC) is taking keen interest. BMC has issued a notice seeking expression of interest for appointing a consultant who will deal with the Central government on behalf of the BMC to get clearances for the project, estimated to be worth Rs 8,000 crore.
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HUDCO to raise Rs 50 bn via bonds
In order to provide long-term funds for housing and urban infrastructure projects, Housing and Urban Development Corporation (HUDCO) decided to raise a maximum of Rs 5,000 crore through issue of tax-free bonds. The bonds, which are expected to hit the market in a few days, would be listed on the NSE. SBI Capital Mark
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Restructured loan ratio rises in banking system
Data from Reserve Bank of India (RBI) suggests that the ratio of restructured to gross advances is at a five-year post-Lehman high of 5 per cent for the banking system as a whole. It may be recalled that in 2008-09, RBI allowed the “one-time” dispensation to restructure sub-standard asse
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RBI revises norms for lending to small units
In view of the increase in price index and cost inputs, Reserve Bank of India revised sub-targets for lending to the micro and small enterprises sector. According to the new norms, banks must divert 40 per cent of total advances to the sector to micro (ma
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Banking system must promote economic growth
Experts urge that Reserve Bank of India (RBI) must give banking license to new banks with the objective of facilitating economic growth and driving financial inclusion. They feel that having very few large banks should not be the intention of policy makers while giving licen
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Board of Punjab & Sind Bank clears Rs 10 bn capital plan
The board of directors of Punjab & Sind Bank passed an enabling resolution for the bank to raise up to Rs 1,000 crore capital through preferential allotment route. According to media reports, the bank may issue the preferential equity shares to the government during the current quarter. PK Anand, Executive Director of the bank said the capit