The Union Finance Ministry has proposed to the government allow the country to borrow an additional $4.3 billion from the World Bank by investing in special bonds. The Union Cabinet is to consider the proposal on September 12.
Author: admin (Infratructure Today)
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Now Govt mulls Right to Housing Bill
After food security bill, the Union Government is now going ahead with the new proposal Ćā Right to Housing Ćā which is under discussion, said the Union Minister of State for Consumer Affairs, Food and Public Distribution System KV Thomas. The Union government has successfully passed the Food Security Bill in Parliament recently and now thinks a new Bill ensuring housing security for all citizens.
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Land Acquisition Bill is not against industrialisation
Union Minister for Rural Development Jairam Ramesh said that the new Land Acquisition Bill is not against industrialisation and urbanisation as there is no bar on purchase of private land. He said the new Act renamed as the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2013 will come into force only in such cases where the land will be acquired by Central or State Authorities for any public purpose.
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Banks want easier implementation of SARFAESI Act
Some bankers suggest Reserve Bank of India (RBI) to bring about enabling framework for effective implementation of SARFAESI Act. Bankers argue that despite the existence of this act, they face difficulties at the field level in taking physical possession of mortgaged properties from defau
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PFC to issue tax free bonds
State-run Power Finance Corp is in the process of issuing around Rs 150 crore ($23 million) worth of tax-free bonds across different maturities. While the firm would issue 10-year tax-free bonds at 8.04 percent, 15-year bonds at 8.41 percent, and 20-year bonds at 8.40
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PNB’s total outstanding deposit stands at Rs 4 trillion
KR Kamath, Chairman and Managing Director of Punjab National Bank said the bank's total deposits stood close to Rs 4 lakh crore, while its total credit remained above Rs 3 lakh crore as at end June 2013. He said this while addressing bank officials of Dharamshala circle at the Managers' Meetings.
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India, Japan to conduct study on LNG pricing
In order to bring about rationalization of liquefied natural gas (LNG) prices in Asia Pacific, India and Japan would carry out a joint study on the matter. The study would focus right pricing of the fuel to secure long-term contracts at competitive rates. The proposal to conduct the study was mooted on the b
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Iran may not favour export of more oil to India
Media reports indicate that Iran is not favourable to India's proposal for increase crude oil import from the Persian Gulf nation. This is because Iran does not import enough commodities from India to compensate for its rise in crude oil export to
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New Mangalore port receives 9 bids for building new berth
Nine bids have been received by the New Mangalore Port Trust (NMPT) for the construction of berth handling bulk cargo and containers. September 5 was the last date for submitting the bids. Nine companies have submitted the bids and the proposed berth will handle bulk cargo and containers.
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NHAI releases Rs 17 cr for Panipat-Jalandhar h’way repairs
For undertaking immediate repairs and maintenance works on the national highway 1 (NH1) between Panipat and Jalandhar, the National Highway Authority of India (NHAI) has released Rs 17 crore to the Punjab and Haryana governments. The NHAI has also served a notice on the project concessionaire Soma Isolux asking it to suspend toll collection as it was not maintaining the highway.