The government auditor Comptroller and Auditor General (CAG) of India rapped the Union Ministry of Road Transport and Highways for spending less than the grants specified. It also rebuked the Ministry its lack of monitoring and expenditure control.
Author: admin (Infratructure Today)
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Kerala allots Rs 35 cr for road repairs in T’puram district
The Kerala government has allotted Rs 35 crore for the repair of roads, damaged in the recent monsoon in Thiruvananthapuram distict, The amount has been allotted for taking up 449 works in various parts of the district, Kerala PWD Minister VK Ebrahim Kunju said in Thiruvananthapurm.
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Govt divests stake in NTPC
Government of India has divested 9.5 per cent stake of National Thermal Power Corporation (NTPC) through Offer for Sale (OFS) mechanism. After the completion of OFS on February 11, governmentĆās equity holding in NTPC has now come down from 84.50 per cent to 75.00 per cent, said the Union Minister of State for Power Jyotiraditya M. Scindia in a written reply in the Rajya Sabha recently.
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Govt to set up NOWA to boost offshore wind energy projects
Secretary of the Union Ministry of New and Renewable Energy Ratan P Watal has said that a National Offshore Wind Energy Authority (NOWA), under the aegis of the Ministry, will be constituted that will act as the nodal agency for offshore wind energy projects in the country.
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Govt to spend Rs 430 bn on green energy corridor
The Union government plans to spend Rs 43,000-crore on Ćāgreen energy corridorĆā project to facilitate flow of renewable energy into the national grid. Germany is to assist India in the project with Ćā¬ one billion as soft credit.
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New industrial policy to Assam by October
A new industrial policy is in the offing to enhance the economic development of Assam, said the State Chief Minister Tarun Gogoi on August 15 The CM announced this while hoisting the national flag at the Independence Day ceremony in Guwahati. The policy is to be implemented from October, he added.
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National housing policy includes rental aspect also
The Union Minister of Housing & Urban Poverty Alleviation (HUPA) Girija Vyas told the Lok Sabha recently that the National Urban Housing and Habitat Policy, 2007 (NUHHP) includes the aspect of rental housing in the area for specific action. The NUHHP, 2007 has taken note of the difference between demand and supply for housing and endeavors to assist the poorest of poor who cannot afford to pay the entire price of a house by providing them access to reasonably good housing on rental and ownership
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13 govt firms allowed to raise Rs 48,00 cr via bonds
To facilitate infrastructure needs of public sector institutions the Union government has permitted 13 such institutions to raise Rs 48,000 crore via tax free bonds in 2013-14. With this the government, for the first time, has allowed sovereign wealth funds (SWFs) in the private placement segment of these bonds.
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13 govt firms allowed to raise Rs 48,00 cr via bonds
To facilitate infrastructure needs of public sector institutions the Union government has permitted 13 such institutions to raise Rs 48,000 crore via tax free bonds in 2013-14. With this the government, for the first time, has allowed sovereign wealth funds (SWFs) in the private placement segment of these bonds.
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Corporation Bank to open 9 more loan centres for SMEs
By the end of this current financial year, Corporation Bank will open nine more small and medium enterprise (SME) loan centres. The bank currently has 16 SME loan centres across the country. The bank's aim is to take the total number of such centres to 25 by March 2014.