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Railways rationalises coal tariff

Railways rationalises coal tariff

The Railways has rationalised coal tariff by reducing the rate for long-distance transportation and increasing it for short distance while imposing Rs 110 per ton coal terminal surcharge at loading and unloading for distance beyond 100 km.

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Navi Mumbai airport project to be further delayed

Navi Mumbai airport project to be further delayed

The Navi Mumbai airport bidding process is likely to be delayed further with the entry of a fourth player, a consortium of Voluptas Developers (Hiranandani Group) and Zurich Airport, into the fray. A deadline of September 1 was set for submission of request for proposal (RFP) documents for the three bidders in the fray earlier.

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Govt to set up 50 regional airports

Govt to set up 50 regional airports

The Centre will set up 50 regional airports over the next three years, according to Civil Aviation Minister Ashok Gajapathi Raju. “We estimate about 50 new regional airports to come up in the next three years. Ten of them would be ready by the end of this year,” Gajapathi Raju told BusinessLine newspaper.

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PuneÂ’s new airport readies for take-off

PuneÂ’s new airport readies for take-off

PuneÂ’s proposed international airport has gained momentum with Chief Minister Devendra FadnavisÂ’s tweet that the technical team from Airports Authority of India (AAI) will conduct preliminary study of Rajgurunagar site, near Khed Special Economic Zone, in the first week of September.

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NHAI awards contract for 2-laning of NH-116

NHAI awards contract for 2-laning of NH-116

The National Highways Authority of India (NHAI) has issued a letter of award (LoA) for two-laning of the Tonk-Sawai Madhopur section of NH-116 in Rajasthan under the National Highways Development Programme (NHDP) Phase-IV.

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Govt to open automobile clusters near ports

Govt to open automobile clusters near ports

Union Minister for Road Transport, Highways and Shipping, Nitin Gadkari has said that the government is planning to develop automobile clusters near port areas. He said that port-led development under the Sagarmala project is expected to attract Rs 12 lakh crore worth of investment.

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Slow investment recovery holding back growth | India Ratings

Slow investment recovery holding back growth | India Ratings

India Ratings and Research (Ind-Ra) has revised its gross domestic product (GDP) growth forecast for FY17 upwards to 7.8 per cent from its earlier forecast of 7.7 per cent. The upward revision has been prompted by the progress of monsoon and the sowing of kharif crops so far. With the exception of the East and Northeast, the rainfall in other regions of the country has been more than the long period average.