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.
Author: admin (Infratructure Today)
Post
Post
Govt to introduce shale gas policy soon
Petroleum and Natural Gas Minister, M Veerappa Moily said that his ministry was working on a “positive and forward-looking” 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 earthÂ’s surface, is the new focus area in the US, Canada and China as an alternative to conventional oil and gas.
Post
Govt to introduce shale gas policy soon
Petroleum and Natural Gas Minister, M Veerappa Moily said that his ministry was working on a “positive and forward-looking” 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 earthÂ’s surface, is the new focus area in the US, Canada and China as an alternative to conventional oil and gas.
Post
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. AccÂording 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 deveÂloped 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.
Post
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. AccÂording 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 deveÂloped 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.
Post
Maharashtra unveils new industrial policy
MaharashtraÂ’s 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.
Post
Maharashtra unveils new industrial policy
MaharashtraÂ’s 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.
Post
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
Post
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
Post
RBI maintains policy rates
In its mid quarter monetary policy review, the Reserve Bank of India (RBI) kept key policy rates (repo and reverse repo) unchanged. Cash reserve ratio (CRR) or the portion of deposits banks keep with the RBI was also unchanged at 4.25 percent. The central bank maintained its October guidance about policy easing in the fourth quarter given the recent inflation patterns and projections.