The Union government is confident of meeting the Rs 54,000 crore disinvestment target for 2013-14, the government said on September 23. The government has set a target of Rs 40,000 crore for its stake sale in public sector units (PSUs) and Rs 14,000 crore from selling its shares in private companies.
Author: admin (Infratructure Today)
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Govt to meet Rs 54,000 cr disinvestment target
The Union government is confident of meeting the Rs 54,000 crore disinvestment target for 2013-14, the government said on September 23. The government has set a target of Rs 40,000 crore for its stake sale in public sector units (PSUs) and Rs 14,000 crore from selling its shares in private companies.
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Deutsche Bank swaps $450 mn via RBI window
In a first in India, Deutsche Bank has used the Reserve Bank of India's (RBI) window to swap fresh foreign currency non-resident bank (FCNR) (B) dollar funds. The bank raised about $450 million FCNR (B) deposits from about 10 non-resident Indians and swapped it with the central bank.
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Rs 37,230-cr refinery to develop Rajasthan economically: CM
Hindustan Petroleum Corporation's (HPCL) Rs 37,230-crore refinery-cum-petrochemical project at Pachpadra in Barmer of Rajasthan is said to help the state develop economically enormously. According to Rajasthan Chief Minister Ashok Gehlot, the project is expected to bring an overall investment of Rs 60,000-70,000 crore in the area.
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New auction policy okayed for coal, shale gas
For governing and auctioning of coal reserves and shale gas acreages in the future, the Union government has given its approval to bring in new allocation policies. This was decided by the Cabinet Committee on Economic Affairs (CCEA) on September 24. The CCEA approved a Coal Ministry's proposal for competitive bidding of blocks under production-linked revenue-sharing method and a Petroleum Ministry proposal for allocation of shale gas reserves on nomination basis.
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New auction policy okayed for coal, shale gas
For governing and auctioning of coal reserves and shale gas acreages in the future, the Union government has given its approval to bring in new allocation policies. This was decided by the Cabinet Committee on Economic Affairs (CCEA) on September 24. The CCEA approved a Coal Ministry's proposal for competitive bidding of blocks under production-linked revenue-sharing method and a Petroleum Ministry proposal for allocation of shale gas reserves on nomination basis.
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Record movement of reefer cargo at New Mangalore Port
With the onset of fishing season in the coastal belt, the New Mangalore Port is witnessing a record movement of reefer cargo in containers. The total reefer cargo exported through the port during the first half of the current fiscal year was 1,257 TEUs (twenty-foot equivalent units). In September alone, 442 TEUs of reefer containers stuffed with fish was exported so far.
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Govt to take up issue of Vizhinjam Port in Oct
The issue of environment clearance to the multi-crore Vizhinjam seaport in Kerala is to come up before the Expert Appraisal Committee (EAC) of the Union Ministry of Environment and Forests (MoEF) in October. Last month, the Kerala government had submitted the Environment Impact Assessment (EIA) report to the Ministry.
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Visakhapatnam Port handles ship at night
For the first time, the Visakhapatnam Port Trust (VPT) has handled a Panamax Merchant ship 'mv WEIHE' at night. It is big step for the port in achieving 24x7 mechanised operations, sources concerned said in Visakhapatnam on September 23.
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VPT to confirm bids for terminal extension
For expanding its existing container terminal, the Visakhapatnam Port Trust (VPT) has revised plans in place to confirm bids at a cost of Rs 633 crore. The VPT board has decided to issue Request for Proposals (RFP) among 7 companies who were declared qualified for the task.