RBI has once again shown its stance towards curbing inflationary pressures. By doing so, there is a substantial compromise being made towards the country's GDP growth.
Author: admin (Infratructure Today)
Post
Post
Banks borrowed Rs 185.02 bn via MSF on Oct 28: RBI
Agency reports say that banks borrowed Rs 185.02 billion ($3.01 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on October 28, lower than the Rs 270.29 billion on October 25.
Post
Rs 1.50 cut likely in petrol price
A small slash in petrol price is awaiting the customers before this Diwali. There may be Rs 1.50 cut in petrol price per litre as favourable changes in the rupee-dollar rate and softer international prices have set the tone in the direction.
Post
Pipavav Port gets Rs 38 mn dividend from PPP project
Gujarat Pipavav Port (APM Terminals Pipavav), has got an interim dividend of Rs 38 million (5 per cent) from Pipavav Railway Corporation (PRCL) on October 23 at Mumbai. The dividend is a historic first for Indian Railway's flagship infrastructure company under Public Private Partnership (PPP).
Post
JICA comes forward to aid Chennai port
For improving container movement at Chennai Port Trust (CPT), the Japan International Cooperation Agency (JICA) has offered its assistance to the CPT. The move would help the export-import trade plan better and save on time and cost.
Post
Gurgaon e-way toll up by Rs 60 lakh a month: NHAI
From the 32-lane toll plaza on Gurgaon expressway, the toll collected has been increased by Rs 60 lakh in a single month after the National Highways Authority of India (NHAI) commissioned a survey to monitor collections. This was stated by the NHAI before the Delhi High Court on October 28.
Post
BMC imposes Rs 2 cr fine on road contractors
A fine of Rs 2.29 crore has been imposed by the Brihanmumbai Municipal Corporation (BMC) on road contractors who have failed to carry out pothole repairs on time in Mumbai city and have not maintained the standard quality of roads.
Post
Banks go slow in lending loans to highway projects
Banks are slow and cautious while lending to road developers whereas the Union government is very keen on expediting road projects on a priority basis to revive growth. In the first half of the current financial year, banks have lent a total of Rs 550 crore to only five road projects.
Post
Shiv Sena seeks stay on NMC bids for road works
Shiv Sena, the opposition party in the Nashik Municipal Corporation (NMC), has moved the Bombay high court on October 28 against the decision of the NMC's decision to invite tenders for various road works worth Rs 330 crore through deferred payment.
Post
Delay in flyover construction bothers commuters
To ease traffic snarls in Bangalore, flyovers and ring roads have been built and are being built in several areas. But prolonged delays in building some flyovers like the ones at Thanisandra, BEL Circle in the city have been causing hardships.