Delhi government plans to integrate the upcoming Kashmere Gate Metro station with the existing station as well as the inter-state bus terminal (ISBT). For this purpose, the state government decided not to continue with the second phase of renovations of the ISBT. The second phase of the renovations at the ISBT included a hotel and an underground parking lot at the bus
Author: admin (Infratructure Today)
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Govt expects report on PPP policy in coal mining by Dec
By December 2013, government expects a nine-member panel to submit report on devising public-private-partnership (PPP) framework in the coal mining sector. In March 2013, the government set up the panel under
the chairmanship of Coal Secretary SK Srivastava to devise PPP framework
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Birla ready with Rs 750 cr for its banking biz entry
If the Aditya Birla Group gets license from the Reserve Bank of India (RBI) to set up banking business, the Group is ready to pump in Rs 750 crore more into its financial business in 2014 fiscal. The company's officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
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RBI bans import of gold coins, medallions without licence
The Reserve Bank of India has further restricted the import of gold into the country by prohibiting inward shipment of gold coins, medallions and dores without license. From now onwards, import of gold in the form of coins and medallions is prohibited and henceforth all import of gold in any form or purity shall be subject to a licence issued by Directorate General of Foreign Trade (DGFT) prescribing 20-80 scheme, Economic Affairs Secretary Arvind Mayaram said in Delhi.
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MRPL to open 120 fuel retail shops in Karnataka
Mangalore Refinery and Petrochemicals Limited (MRPL), subsidiary of the government-owned Oil and Natural Gas Corporation (ONGC) is ready with a blueprint for 120 retail outlets to be rolled out in Karnataka. MRPL entered the fuel retail segment in 2008. Karnataka is MRPL's base-state. MRPL has approval to set up 500 retail outlets and its parent company ONGC has an approval to set up 1,100 retail outlets. Setting up an outlet costs MRPL Rs 5 crore.
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Reliance to invest $3.18 bn in KG block gas field
Reliance Industries, the operator of Krishna Godavari-D6 (KG-D6) block with 60 per cent interest, plans to invest $3.18 billion in R-Series gas field in the KG-D6 block as it looks to reverse the decline in output by quickly bringing in new fields on production. The company estimates that output from KG-D6 can reach up to 60 mmscmd by 2019 when all of the satellite fields are put into production.
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New Mlore Port to build 4th berth, invites bids
The New Mangalore Port has called a tender for a fourth berth. The port had added two additional berths in 2006 and 2011 and one more is under completion. Two warehouses are also are under construction in the port. The draft of 14 mtr has also been made available, said P Tamilvanan, Chairman, New Mangalore Port Trust on August 15. He added that the cargo handling at the port has increased.
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Fall in Vizag port cargo handling in current fiscal
Visakhapatnam port's cargo handling has come down by by 1 million tonne during the current financial year compared to last year. The port Chairman GVL Satya Kumar attributed the dip in the cargo handling to fall in intake of iron ore by China, government restrictions on iron ore mining and slump in transshipment of petroleum products and crude during the year.
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Tata plans to produce 1 mnt iron ore from Canadian project
During the current fiscal, Tata Steel is planning to produce one million tonne iron ore from its Canadian project. When it materialises, it will boost the raw material supply to Tata's European operations. The company is also targeting to ramp up the production from Direct Shipping Ore (DSO) project to over 3 million tonne (mt) next fiscal, the company has said.
The production is expected to begin from October-December quarter.
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Plea to clear hindrances in elevated expressway in Chennai
The Tamil Nadu government should take steps to remove obstacles in the completion of the stalled Chennai Port - Maduravoyal Elevated Expressway, DMK and PMK parties in the state have demanded. DMK said that it would hold a demonstration on August 17 to demand that obstacles in the completion of the Expressway be cleared and the government extend its full support to the project.