GMR Group would launch long-term infrastructure bond issue for its highway project in January, India Infrastructure Finance Company (IIFCL) said. The Rs 316-crore issue will be partly guaranteed by IIFCL, a state-run infra lender, through its credit enhancement scheme. GMR plans to raise around Rs 316 crore through the issue and IIFCL would guarantee the bonds issue to the tune of 24 per cent.
Author: admin (Infratructure Today)
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RBI 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 (manufacturing) enterprises having investment in plant and machinery up to Rs 10 lakh. The existing limit is Rs 5 lakh. The revision is within the overall ceiling of Rs 25 lakh for micro enterprises as defined in the Micro, Small and Medium Enterpr
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Kolkata Port investment plan
In order to reverse the decline in cargo traffic 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.
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Govt to introduce shale gas policy soon
Petroleum and Natural Gas Minister, M Veerappa Moily said that his ministry was working on a Ăâpositive and forward-lookingĂâ shale gas policy that would be placed before the Union cabinet shortly.
Shale gas or natural gas trapped in sedimentary rocks (shale formations) below the earthĂâs surface, is the new focus area in the US, Canada and China as an alternative to conventional oil and gas.
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Govt to introduce shale gas policy soon
Petroleum and Natural Gas Minister, M Veerappa Moily said that his ministry was working on a Ăâpositive and forward-lookingĂâ shale gas policy that would be placed before the Union cabinet shortly.
Shale gas or natural gas trapped in sedimentary rocks (shale formations) below the earthĂâs surface, is the new focus area in the US, Canada and China as an alternative to conventional oil and gas.
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Govt to make changes in land bill
Reports suggest that the government plans to double the offer to landowners who sell land for private projects. AccĂÂording to a provision, which may be included in the revised land bill, land owners may be offered 40 per cent (instead of the earlier 20 percent) of deveĂÂloped land (in proportion to what they lost and at a price equal to the cost of acquisition and development). This might be doubled in the version to be presented in Parliament.
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Govt to make changes in land bill
Reports suggest that the government plans to double the offer to landowners who sell land for private projects. AccĂÂording to a provision, which may be included in the revised land bill, land owners may be offered 40 per cent (instead of the earlier 20 percent) of deveĂÂloped land (in proportion to what they lost and at a price equal to the cost of acquisition and development). This might be doubled in the version to be presented in Parliament.
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Maharashtra unveils new industrial policy
MaharashtraĂâs New Industrial Policy 2013-18 announced recently proposed an investment of Rs 5 lakh crore, jobs for two million people, new industrial corridors and attractions for micro, small and medium industries.The new policy which aims to increase the state GDP to 28 per cent will be implemented from April 1 and will be valid for five years, it was officially announced.
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Maharashtra unveils new industrial policy
MaharashtraĂâs New Industrial Policy 2013-18 announced recently proposed an investment of Rs 5 lakh crore, jobs for two million people, new industrial corridors and attractions for micro, small and medium industries.The new policy which aims to increase the state GDP to 28 per cent will be implemented from April 1 and will be valid for five years, it was officially announced.
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Proposed regulator may decide pricing methodology
Reports suggest that government may authorise the proposed coal regulator to decide the methodology to fix prices of the fuel to check abuse of monopoly by any coal producer.
The issue would be considered while finalising the Coal Regulatory Authority Bill. The Coal Ministry wants coal producers to be allowed to determine the price of the commodity, although it wants the pricing methodology to be decided by the regulator.
The ministry, meanwhile, rolled back a crucial proposal to give power of