In Kerala, the first phase construction of Thuravoor-Pamba state highway has faced hindrances as defects have been detected in the construction of Thyckattussery bridge. The iron pillars that were installed for the bridge, were found bent.
Author: admin (Infratructure Today)
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Gujarat Pipavav Port receives interim dividend of Rs 38 million from Pipavav Railway Corporation Ltd
APM Terminals operated Gujarat Pipavav Port (APM Terminals Pipavav), one of Western India's fastest growing gateway ports, received an interim dividend of Rs. 38 million (5%) from Pipavav Railway Corporation Ltd.
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Tata ready to take over AI if it is for privatisation
One of India's most trusted group Tata Sons has expressed interest to acquire Air India, if the government-owned Air India (AI) is going to be privatised. This has been stated by Ratan Tata, the Tata GroupĂâs chairman emeritus on October 25.
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PM convenes meet on Navi Mumbai Airport on Nov 13
To discuss over the prevailing hindrances to the progress of the greenfield airport at Panvel in Navi Mumbai, the Prime Minister Manmohan Singh has convened a meeting in New Delhi on November 13. Maharashtra Chief Minister Prithviraj Chavan said this at a public meeting in Panvel on October 26.
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Govt banks recover only Rs 1,461 cr loans in Q1
In the last June-quarter, government-owned banks recovered only Rs 1,416 crore from loan defaulters while adding more than twice that amount by way of non-performing assets during the same period. Such recoveries have mostly come from smaller borrowers, even as the Union Finance Ministry is focused on the top 30 non-performing accounts in public sector banks.
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Indo-Tibetan Border Police to get Rs 12.6 bn
Union Minister of State for Home RPN Singh has said that the government is to sanction Rs 12.6 billion for construction activity at Indo-Tibetan Border Police (ITBP) posts at various places. The construction activity includes accommodations for ITBP jawans, the Minister said at the 52nd ITBP Raising Day parade in Delhi.
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Chidambaram to initiate fresh fiscal reforms
Stressing the need of foreign investments' flow into the country, the Union Finance Minister P Chidambaram on October 24 hinted at introducing fresh round of financial sector reforms.
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RBI may hike repo rate by 25 bps
In its continues fight against inflation, the
Reserve Bank of India (RBI) is likely to raise the repo rate by another 25 basis points. The RBI Governor Raghuram Rajan is expected to take this measure when he makes his next monetary policy announcement on October 29, several economists say.
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No need of origin certificate to value added goods
The Union Commerce Ministry has decided that exporters who import goods and ship them to Iran after value-addition will not be required to produce 'goods of Indian origin' certificate for making rupee payments. The government has directed UCO Bank, entrusted with handling rupee payment to Indian exporters to Iran, not to insist on the 'Goods of Indian Origin' certificate.
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Gujarat to ask for higher share in Central taxes
When the fourteenth Finance Commission visits Gujarat for two-days on October 28 and 29, the State government will demand for higher allocation of Central taxes from the Commission. The State government will submit a memorandum demanding higher allocation of Central taxes to the state.