To meet unexpected expenditure of the Union government, the Reserve Bank of India (RBI) would provide Rs 20,000 crore through its Ways and Means Advances (WMA) window in the second half of the current fiscal, RBI said on September 30.
Author: admin (Infratructure Today)
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Panel blames State govt for bad highways in Kerala
The Rajya Sabha standing committee, in its 200th report on development of highways in Kerala, has blamed the Kerala government for bad roads in the state. The committee has submitted its report before the Rajya Sabha.
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Ten more Indian airports to adopt SITA services
The Airports Authority of India (AAI) has chosen world's leading specialist in air transport communications and information technology SITAĆās next generation airport management system to transform operations at ten airports across India. The system enhances the passenger journey for 42 million passengers.
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Petrol price slashed, diesel costs more
Petrol price was steeply cut by Rs 3.05 per litre on September 30. The price changes announced by oil companies are excluding local sales tax or VAT and will be effective midnight of September 30. It was the first reduction in rates in over five months and the steepest in over five years, while diesel prices were raised by 50 paise a litre.
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Vasan tells Chennai Port to promote sailing sport
Union Shipping Minister GK Vasan has said that the Chennai Port Trust is considering the Tamil Nadu Sailing Association's request to allot it an area on a long-term basis at a concessional rent for sailing activities.
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NMPT to build a berth, buy mobile cranes
To strengthen it infrastructure, New Mangalore Port Trust (NMPT) has taken two major decisions. The two decisions are: Finalisation of bids for constructing the berth No 18, and procuring two mobile harbour cranes. The proposed berth No 18 is likely to add a capacity of 5 million tonne per annum to the cargo handling at the port.
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Imported coal stocks at major ports up by 2%
Imported coal stocks at 16 major ports in India stood at 10.2 million tonne (mt) on September 28, Intercocean Group data showed. Interocean Group is a a Delhi-based shipbroker. The imported coal stocks at the major ports is up by 2 per cent from a week earlier.
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PPt to hold trade meet to improve its cargo volume
With an objective to increase its yearly cargo volume, Paradip Port Trust (PPT) is planning to host a business meet at Kalinganagar in October. PPT is to appeal to industrialists to utilise the port facility for import and export of their products and raw materials.
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Exim forum to help Cochin port
The Kerala Chamber of Commerce and Industry has floated Kerala Chamber Exim Forum to solve the problems faced by the Cochin Port management and improve the movement of cargo through the port.
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Kerala gets Rs 174 cr Nabard aid for roads
To build 23 roads and four bridges in Kerala, the National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 174 crore to the State Public Works Department (PWD), said the Kerala PWD Minister VK Ebrahim Kunju. Nabard sanctioned the sum in Mumbai recently.