The failure of Mumbai's civic body Brihanmumbai Municipal Corporation (BMC), the richest in India, to attract reputed infrastructure companies to bid for its multi-crore road contracts, does not come as a surprise. The Brihanmumbai Municipal Corporation(BMC) attempted to weed out dubious contractors with alleged political connections.
Author: admin (Infratructure Today)
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Idukki airport project gets nod from defence ministry
Union Ministry of Defence has given in principal clearance for the proposed feeder airport in Idukki district. Kerala State Industries Development Corporation (KSIDC) informed this in the document inviting expression of interest for the project. In this manner, ball has been set rolling for the development of a proposed feeder airport in the hilly district in central
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ADF in Mumbai, Delhi to stay at lower sum
The Union government is now plans to lower the airport development fees by spreading it over a longer tenure. The Union Ministry of Civil Aviation had on October 16 asked the Airports Authority of India (AAI) to infuse more equity into Delhi and Mumbai airports so that the Airport Development Fee (ADF) that is charged from passengers flying into these airports can be scrapped from January 1.
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Gross NPAs of state-run banks rise
Minister of State for Finance Namo Narain Meena informed Lok Sabha that the gross non-performing assets (NPAs) of public sector banks have increased from 2.28 per cent in March 2010 to 4.01 per cent in September 2012. During the same period, the gross NPA (as a percentage of gross advances) of SBI Group, rose from 2.82 per cent in March 2010 to 5.16 per cent in September 2012,
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WB govt seeks national policy on iron ore
In order to ensure even distribution of raw materials for steel industry across states in the country, the West Bengal government demanded a national policy on iron-ore, on the lines of the coal policy from the centre. Call for such a policy comes while the steel industry, particularly the secondary players, in the state, face prob
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RINL chief informs delay in expansion project
AP Chowdhary, Chairman and Managing Director of the Rashtriya Ispat Nigam (RINL) informed that there was some delay in the execution of the expansion project of the firm from 3 million tonne to 6.3 million tonne. He said this while delivering the key-note address at the inaugural session of the one-day seminar on eme
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Assocham for reforming duty structure in steel sector
Government received a request from industry body Assocham to remove the inverted duty structure prevailing in the steel sector. Assocham said the present duty structure between finished steel and Iron ore denies an opportunity to steel sector for value addition and it called for exemption iron ore i
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MSTC to build steel scrap unit for Rs 120 cr
Media reports suggest that public sector trading firm MSTC plans to set up a automotive and white goods steel scrap shredding unit in Dahej at a cost of Rs 120 crore. The plant, to be located at Dahej, may be operationalised in the first half of 2013-14. For installing the unit, to be built on a 20-acre plot, selection of an EPC contractor would be done through a global tendering
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Govt to make public bidding norms for CGD projects
S Krishnan, Chairman of Petroleum and Natural Gas Regulatory Board (PNGRB) informed that the government would make public the fresh guidelines on bidding for the city gas distribution networks in the country for public feedback in 12 weeks. Krishnan informed this on the sidelines of a seminar on natural gas. He also said that the board would then issue the f
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Multiple pricing discourages private investment
Experts argue that the multiplicity of price points in the natural gas and petroleum sector in the country discouraged private investment.Multiplicity of price points has created market distortions in sectors such as city gas distribution, as it led to considerable differences in prices for end-consumers. There are multiple price points, depending on the source and