In Punjab's Hoshiarpur district railway over bridges and roads will be strengthened and renovated at a cost of Rs 116.77 crore, said the district's Deputy Commissioner Varun Roojam on September 3. Works will also be undertaken to strengthen link road connectivity and ensure hassle free movement of traffic, Roojam added. 16.50 kilometre road connecting Binewal and Khurali villages is being strengthened and widened at a cost of Rs 11.55 crore, he added.
Author: admin (Infratructure Today)
Post
Post
Collapsed bridge not rebuilt in TN even after 13 years
The collapsed bridge on the Pasimuthan canal in Thillainayagapuram village near Chidambaram in Tamil Nadu has not yet been reconstructed, even after 13 years of the bridge collapse. When the rainy season arrives villagers of North Thillainayagapuram are virtually cut off from rest of the world as they don't have any alternative bridge to cross the canal.
Post
HDFC wants to open 300 new branches, waits for RBI nod
Adding to its already existing branch network of 3,119, the Housing Development Finance Corporation (HDFC) Bank is to open 300 new branches across India despite the economic slowdown and a sluggish demand for credit. The bank said that the bank is waiting for the approval of the Reserve Bank of India over the new branches and is hoping to strengthen its presence in retail banking.
Post
RBI suggests reducing govt stake in PSU banks
In a discussion paper, Reserve Bank of India (RBI) suggested that the government may consider reducing its stake below 51 per cent in state-run banks. While reducing its stake, government may take certain protective rights by amending the statutes governing the PSU banks, the paper
Post
Banks raise interest on NRI deposits
Some banks raised interest rate on non resident Indian (NRI) deposits in order to attract more dollar into the country. Earlier, Reserve Bank of India (RBI) allowed lenders to offer higher interest rates on NRI accounts to attract dollar and thereby reduce weakness in rupee exchange
Post
RBI wams about inflationary pressures from food, fuel articles
In its Annual Report 2012-13, Reserve Bank of India (RBI) raised concern about rising food and fuel prices, which may put upward pressure on Wholesale Price Index (WPI) and Consumer Price Index (CPI). Owing to the rise in food and fuel inflation, WPI rose to 5.8 percent in July 2013
Post
RBI suggests structural reforms to boost economic growth
Economic growth may recover in 2013-14 if the government unleashes reforms to remove supply bottlenecks and maintain stability, Reserve Bank of India (RBI) said in its annual report. Economic growth may get a boost from institutional reforms like better regulation of natural resources, improved harnessing of water resources, investing more in skill form
Post
Maharashtra mulls EPC model for Rs 93.6 bn project
Media reports indicate that the Maharashtra government considers a proposal to award the Rs 9,360-crore Mumbai Trans Harbor Link project on engineering procurement construction (EPC) model. The state government is considering EPC model after three failed attempts to award it under build operate-tran
Post
HMDA invites land owners for pooling scheme
Hyderabad Metropolitan Development Authority (HMDA) has invited expression of interest from land owners who are interested in providing their land for a pooling scheme. The authority launched land pooling scheme as a pilot project for an area of 250Ćā300 acre near the Outer Ring Road and within one km belt on either side of the Growth Corr
Post
Tata Steel hopes to raise sales in FY14
Tata Steel, which sold 7.5 million tonne of steel in 2012-13, plans to raise the sale to 8.5 million tonne in the current financial year, which is a growth of around 13.3 per cent. The company is hopeful of raising sales in the current fiscal as it expects increase in demand following the monsoon season. During Apr-Jun 2013, the firm posted a year-on-year sales growth of 26 per