In order to encourage the setting up of LNG terminals in the country, the petroleum ministry framed rules on eligibility conditions for registration of liquefied natural gas terminals (LNG).
Author: admin (Infratructure Today)
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TN’s new solar policy
The Tamil Nadu Government unveiled new solar energy policy which appears to offer a Rs 21,000-24,000 crore business opportunity and the players in the field apparently are waiting for the Government Order to specify the contours of the new policy.
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Corporate bond market
In order to develop a vibrant corporate bond market, the Union Finance Ministry is planning some steps in collaboration with Reserve Bank of India (RBI) and the Ministry of Corporate Affairs (MCA).
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Uttarakhand PPP policy
Following the clearance of the state cabinet, the Uttarakhand government notified its new public-private partnership (PPP) policy which intends to create a conducive environment for private investments.
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NHAI raps GMR over termination notice for h’way project
GMR has been rapped by the National Highways Authority of India (NHAI) for its termination notice for the country's biggest highway project worth at least Rs 6,000 crore.
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Rs 50k road projects held up due to soil mining curbs
Media reports say that a court-ordered clampdown on mining sand, soil and gravel is beginning to hurt the construction business and infrastructure projects such as roads and highways. According to industry estimates, at least 70 highway projects estimated to be worth over Rs 50,000 crore are stuck due to delays in Ministry of Environment and Forests (MoEF) clearances that have been made mandatory to mine common soil, resulting in developers not being able to start basic foundation work.
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BBMP upgrades Bangalore’s seven main roads
Traveling on Bengaluru's roads in Central Business District (CBD) could get a lot smoother in 2013, if the BBMPÂ’s plans come through. The civic body has invited bids under its Tender SURE (Specification for Urban Road Execution) project, which sets high standards for laying and maintenance of the roads. The State government has allotted Rs 200 crore for project in its budget for 2012-13.
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China to build world’s highest airport in Tibet
In Tibet, China will start work on the world's highest airport next year. The airport is to come up in in Tibet's Nagqu county, the State media Xinhua news agency has said.
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Stiglitz cautions against bank license to corporates
At a time when Reserve Bank of India (RBI) is planning to give banking licenses for new players, some experts caution against allowing corporates to set up banking business. Highliting the risk of conflict of interests, Nobel laureate Joseph Stiglitz said corporates should not be allowed to enter banking
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Ministry can handover land to project developers
The ministry of shipping can handover the land to developers who operate seven port projects taken up under the Public-Private Partnership (PPP) mode as it received approval for the same from the cabinet. The cabinet recently cleared the proposal of the ministry for licensing of land to the developers. This will facilitate the ministry in augmenting the capacity of ports expe