Oil Minister Veerappa Moily informed reporters that his ministry was yet to process and finalise its view on a proposal to raise fuel prices, on the lines of the recommendation of Kelkar committee. Raising diesel prices is essential in order to reduce the under-recovery of the three public sector oil mark
Author: admin (Infratructure Today)
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DC asks NHAI to speed up work on Jaipur expressway
Gurgaon Gurgaon Deputy Commissioner PC Meena reviewed the progress of the six-laning of Gurgaon- Kotputli-Jaipur Expressway on January 2 and asked the National Highways Authority of India (NHAI) and the concessionaire Pink City Expressway (PCEPL) to complete the work in a time-bound manner.
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Chandigarh gets Rs 36.63 cr for road repairs, other works
To take up road works and other planned works in Chandigarh, a grant of Rs 36.63 crore has been released to the Chandigarh Municipal Corporation. This is the second annual financial grant of the Corporation, which had been pending with the administration for the last four to five months. This grant is for the planned works, mainly for the road division of the engineering department to construct, widen and re-carpet roads.
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J&K’s Ramban citizens demand flyover
Besides other demands, people of Ramban have demanded the Jammu and Kashmir government to build a flyover to ease the traffic congestion on the Ramban to Maitra route. They also demanded a bus service on the same route.
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Hyd civic body takes up Rs 75 cr worth road works
In 2013, the Greater Hyderabad Municipal Corporation (GHMC) will be taking up three Road Under Bridges (RUBs) and one Road Over Bridge (RoB) crossing over the railway tracks in different parts of the city. The projects costing about Rs 75 crore are already in different stages of progress. The RUB at the revised site of Uttamnagar instead of Safilguda will be constructed at a cost of Rs30 crore.
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‘Ensure zero tolerance for pollution in highway work’
A Jammu and Kashmir Assembly committee on environment, headed by CPI (M) MLA from Kulgam MY Tarigami, has voiced concern over ecological impact of 4-lane Srinagar-Jammu national highway. The panel has stressed on ensuring zero tolerance for pollution and adoption of eco-friendly practices in the construction.
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Rangarajan favours non corporates for bank licenses
Agency reports suggest that C Rangarajan, Chairman of Prime Minister's Economic Advisory Council wants the Reserve Bank of India (RBI) to give first priority to non-corporate applicants for banking licenses. Rangarajan has reportedly said that the central bank must look at various types of financial institutions that
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2012 sees fall in private equity investments
Data from Venture Intelligence shows that private equity (PE) players invested $8.9 billion over 406 deals in India during 2012 compared with $10.4 billion across 483 deals the previous year, which is a fall of 14.7 per cent. The decline in investment is attributed to delays in fund deployment by the PE firms. According to some indu
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Kolkata Port to invest Rs 150 bn to attract traffic
In order to reverse the decline in cargo handling at Kolkata Port, the authority planned to invest Rs 15,000 crore on various development projects till the end of the 12th Five Year Plan (2016-17). Cargo handling at the port declined to 43.245 million tonne (mn t) in 2011-12 compared to 47.545 mn t in the previous fiscal. The decline is attributed mainly to a fall in liquid bulk as also in crude oil movement. Meanwhile, the port is planning to sell or lease land in seve
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Govt move may fast-track port projects
Experts feel that the recent move by the government to streamline security clearance for private-public-partnership (PPP) projects in the port sector may fast-track project implementation. According to the new procedure for security clearance, the shipping ministry would share a list of com