In the wake of irregularities in allocation of natural resources and award of infrastructure projects, Prime Minister Manmohan Singh called for transparency in awarding highway projects to eliminate the possibility of favouritism or ‘crony capitalism'.
Author: admin (Infratructure Today)
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Fin Min clarifies infra definition
Infrastructure will soon have a wider and uniform definition that will encompass some aspects of education and health as well, ensuring asset creation across a number of sectors by making them eligible for various incentives. A panel of secretaries of various ministries is expected to clear the finance ministry's proposal.
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Policy for low-frills airports
The government is mulling formulating a policy on setting up low-frills airports in the country. Private airport operators and investors have over last five years contemplated setting up airports or terminals dedicated to low-fare airlines, but hasn't materialised.
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Infra concerns in India, US comparable: Pressler
India infrastructure investment conference in New York emphasised India’s high investment potential, the need for more liberalisation, and citizens’ role in taking advantage of a democratic system to elect visionary leaders who can ensure continued investment opportunities.
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We need several $10 bn funds: Montek
FICCI’s infrastructure summit in New Delhi, marked by large participation from all sectors, did not witness remarkable announcements, but for the reiteration that infrastructure is likely to miss the 11th Plan target by more than 10 percent.How do we make banks’ infrastructure lending more long term with less mismatches? Well, create solutions outside bbanks, says Planning Commission’s high profile Deputy Chairman Montek Singh Ahluwalia. Inaugurating the India Infrastructure Summit 2011
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Banks' alternative to infra lending: Good step, but…
Finally, banks can get completely rid of their limits imposed by asset-liability mismatch (ALM). Although schemes like take out financing exist and there have been numerous attempts to revive the corporate bond market, most of the schemes and efforts seem to have gone in vain.
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Expertspeak: Raw material demand to propel global equipment
The rapidly accelerating global procurement demand for raw materials also presents mining equipment manufacturers with ever greater challenges.New technologies as well as ideas help meet the challenges of the future. Germany is among the most important suppliers for the Indian mining market besides the US and China.
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Double-stack container train
Railways have decided to run double stack container trains between Gurgaon and Mundra Port in Gujarat. This will provide a boost to the transportation of cars, steel and consumer goods.
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Rlys freight revenue up
Indian Railways have generated Rs 27,025 crore of revenue earnings from commodity-wise freight traffic during April-August 2011 as comÂpared to Rs 24,547 crore during the corresponding period last year, registering an increase of 10.09 percent.
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GMR bags first mega highway project
GMR Group has emerged as the selected bidder through international competitive bidding for six laning of 555-km long Kishangarh-Udaipur-AhmeÂdabad highway, the first brownfield mega highway project of the country.