The Union government is to drop the condition of '5/20 rule' to Indian airlines by next November to fly on overseas routes. The government is to scrap the rule requiring airlines to fly on domestic routes for five years and to possess a fleet of at least 20 planes before launching overseas operations, say media reports.
Author: admin (Infratructure Today)
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Visakha Co-op Bank to open 3 new branches
In Andhra Pradesh, Visakhapatnam Co-operative Bank has 32 branches and now it is set to open three more branches in the State. It plans to further expand operations by 2016, its centenary year.
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IIFCL-UK sanctions credit to Indian infra projects
In the United Kingdom (UK), Indian government-owned Infrastructure Finance Company (IIFCL-UK), the London arm, has sanctioned credit for a slew of power projects in the country. The projects that have received Board sanction of the London arm on October 10 include GMRĂâs power project at Chhattisgarh, the Shishir Bajaj GroupĂâs power project at Lalitpur and the port component of the Pipavav project.
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Coast Guard takes foreign vessel into custody
The Indian Coast Guard (ICG) has on October 11 taken into custody a Sierra Leone's vessel with a 10-member crew and brought it to Tuticorin port for investigation. Eight among the 10-member crew are Indians. Sierra Leone is a west African country.
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Phailin effect: Operations suspended at ports
Due to the cyclone Phailin all operations at Dhamra, Paradip and Gopalpur ports in Odisha were suspended for two days. Since ships also run the risk of damaging the berths, all ports have moved the vessels away.
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Vessel agents plea for effective cargo traffic
The Sailing Vessel Agents and Shipment Contractors Welfare Association has stated that traditional cargo traffic via sea from Beypore in Kerala to Lakshadweep should be made more prompt and effective with the coming of Id-ul-Azha.
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Bangalore roads to get a facelift at Rs 908 cr
Bangalore city roads will get a face-lift at a cost of Rs 908 crore in the next few months, said the Chief Minister SiddarĂÂamaiah. He stated this after laying the foundation stone for a grade separator on West of Chord Road in the city.
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Road connectivity key to far flung areas: Minister
Jammu and Kshmir Minister for Roads and Buildings Abdul Majid Wani, during his recent visit to Behota and Lal Draman, has said that road connectivity is essential for development of all other sectors including tourism sector and the State government is committed for providing road connectivity to rural, far flung and hither to other unconnected areas of the State.
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NGO plans green fence to Mumbai-Pune E’way
To form a fencing with trees to the busiest 93 km Mumbai-Pune express highway, a Mumbai-based non-governmental organisation, Fulora Foundation is to plant 1.5 lakh trees. The objective of the tree planting is to form a fence to the highway, on which the number of accidents were rising in recent times, say media reports.
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Minister declines to comment on h’way premium rescheduling
Union Road Minister Oscar Fernandes has declined to comment on the government permitting premium rescheduling for highways projects after two days the Cabinet took a decision on permitting premium rescheduling for highways projects.