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.
Author: admin (Infratructure Today)
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Steps towards energy security
External Affairs Minister Salman Khurshid informed that India would enhance relations with energy exporting countries and strategise with international markets to meet its growing energy needs. In the context of increasing demand for energy, there is a need to explore, enhance, develop and fortify relations with energy exporting countries and also develop technologies for alternate energy sources, he said.
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Steps towards energy security
External Affairs Minister Salman Khurshid informed that India would enhance relations with energy exporting countries and strategise with international markets to meet its growing energy needs. In the context of increasing demand for energy, there is a need to explore, enhance, develop and fortify relations with energy exporting countries and also develop technologies for alternate energy sources, he said.
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Excluding CBM blocks from CAG audit
An expert panel noted that the Coal Bed Methane (CBM) blocks of Reliance Industries (RIL) do not have elements of cost recovery and so CAG audit “may not be required.
This was said by the committee headed by Chairman of Prime MinisterÂ’s Economic Advisory Council, C Rangarajan, in its latest report on petroleum pricing and contracts. It may be noted that the CBM blocks were bid out based on the share of production a company offered from first day of production. The firm bidding the highest, got
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Excluding CBM blocks from CAG audit
An expert panel noted that the Coal Bed Methane (CBM) blocks of Reliance Industries (RIL) do not have elements of cost recovery and so CAG audit “may not be required.
This was said by the committee headed by Chairman of Prime MinisterÂ’s Economic Advisory Council, C Rangarajan, in its latest report on petroleum pricing and contracts. It may be noted that the CBM blocks were bid out based on the share of production a company offered from first day of production. The firm bidding the highest, got
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Policy on regional air connectivity
Within the next three months, the Union Government hopes to have a plan ready to promote regional air connectivity, Union Minister for Civil Aviation Ajit Singh said. A committee appointed by the Ministry to give recommendations to promote regional connectivity would submit its report by January 31.The government hopes to have some policy in place in about two months after the report is submitted.
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Policy on regional air connectivity
Within the next three months, the Union Government hopes to have a plan ready to promote regional air connectivity, Union Minister for Civil Aviation Ajit Singh said. A committee appointed by the Ministry to give recommendations to promote regional connectivity would submit its report by January 31.The government hopes to have some policy in place in about two months after the report is submitted.
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Cost-overrun on infra projects pegged at ` 520 bn till Mar 2012
At the end of the 11th Five Year Plan on March 31, 2012, cost overrun for various infrastructure projects monitored by government was Rs 52,150.68 crore.This information was given by the Minister of State for Statistics and Programme Implementation Srikant Kumar Jena in Lok Sabha.
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Cost-overrun on infra projects pegged at ` 520 bn till Mar 2012
At the end of the 11th Five Year Plan on March 31, 2012, cost overrun for various infrastructure projects monitored by government was Rs 52,150.68 crore.This information was given by the Minister of State for Statistics and Programme Implementation Srikant Kumar Jena in Lok Sabha.
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Ongoing railway projects need ` 1.47 trillion
Railway ministry pegged the investment requirement for the 347 ongoing new line, gauge conversion and doubling projects at about Rs 1.47 lakh crore as on April 1, 2012.
All sanctioned projects are progressing as per availability of resources, Minister of State for Railways Adhir Ranjan Chowdhury informed Lok Sabha.Targets for projects are fixed on yearly basis based on availability of funds. To expedite completion of ongoing projects, efforts are made to generate extra budgetary financing throu