To provide banking services to localities with 2000 or less population in Himachal Pradesh, the Reserve Bank of India (RBI) has set a target of opening 800 new bank branches in the state by 2014-15. General Manager of RBI, Shimla, RS Negi said that the RBI had achieved target of financial inclusion after opening bank branches in these having more than 2000 population in 2012.
Author: admin (Infratructure Today)
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VPT to set up a major port in Nellore district
With an investment of Rs 9,500 crore, Visakhapatnam Port Trust (VPT) will establish a major port at Duggarajupatnam in Nellore district of Andhra Pradesh. The exact location proposed for the port is at Duggarajupatnam, where four berths would be constructed. The site would be developed as a major port in the East Coast, VPT said in Visakhapatnam.
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Gurgaon E’way: Banks may take a Rs 1,400 cr haircut
When the government takes over the Delhi-Gurgaon Expressway from the concessionaire DS Construction, the lender banks to the project might be forced to take a haircut of more than Rs 1,400 crore. Why because the National Highways Authority of India (NHAI) has informed the consortium of banks, led by IDFC Bank, that the Authority would pay the lenders only Rs 175-200 crore if it takes over the project.
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Commuters demand repairs to Udupi-Manipal road
According to the Udupi City Municipal Council (CMC) in Karnataka, 116 kilometres of roads in Manipal town, coming under the CMC, are badly damaged. The stretch between Tiger Circle and Syndicate Circle on Udupi-Manipal Road is damaged at Tiger Circle, Manipal Bus Stand area in front of Manipal Post Office and Syndicate Circle. Parts of Kallinapur-Santhekatte to Udyavara stretch on National Highway 66, which passes through Udupi, are also damaged.
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Flaw in Thelekkad road construction led to mishap: NATPAC
The National Transport Planning and Research Centre (NATPAC) has stated that unscientific construction of the road at Thelekkad in Tamil Nadu led to the killing of 14 persons in a road accident on September 7. NATPAC team visited the accident sport on September 9. The team spoke to the local people to collect the details about the accident and inspected the technical details of road construction.
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Plea for restoration of Chouzuba-Phek road
In Nagaland, the District Planning and Development Board (DPDB) Phek has requested the government authority concerned to clear landslide on Chouzuba-Phek road and restore the road for traffic immediately.
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Banks borrow Rs 55,278 cr from RBI
Media reports say that banks borrowed Rs 55,278 crore ($8.6 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on September 6 for four days, higher than the Rs 24,531 crore on Sept 5 for one day. Markets were closed on September 9 for a local holiday.
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Muthoot to set up 250 white label ATMs
In the next three months, Muthoot Finance is to set up 250 white label ATMs in the country. The company is a leading gold financing company. The Reserve Bank of India (RBI), last year, allowed non-banking entities to set up white label ATMs without carrying any brand label of any bank. These ATMs could be used by any bank customers without paying any charge.
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Kerala plans port at Vizhinjam, expects nod from Centre
For a proposed port at Vizhinjam in Kerala, the State government is awaiting the Central government's green signal, said the State Ports and Fisheries Minister K Babu. Near the famed tourist sport Kovalam, the Vizhinjam port has been planned by the State government.
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Depreciation of Rupee hits port development: Vasan
The Union Shipping Minister GK Vasan recently said that the falling value of rupee will stroĆĀngly affect port development works in the country and its shipping industry. The present economic crisis in India has affected employment opportunities of even cadĆĀets trained at the Shipping Corporation of India (SCI)-run Maritime Training Institute (MTI), the Minister added.