In Madhya Pradesh, Indore Divisional Commissioner Sanjay Dubey on August 2 issued instructions to the officers concerned to repair roads within a week. In a meeting with officers of National Highway Authority of India (NHAI) and State Highway at his office, Dubey said people are facing huge inconvenience on the roads. He issued strict instructions to repair roads including Lebad-Ghata Billod road, Indore-Pithampur Road, Dhar-Manawar Road, Rajgarh-Kukshi Road and Dewas-Indore Road.
Author: admin (Infratructure Today)
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Makeover to Park House Road in Bangalore
In three days, you will be able to get an experience of what driving on Bangalore roads in the near future will be like. The Bruhat Bengaluru Mahanagara Palike (BBMP) has sanctioned a pilot project to develop Park House Road in front of Karnataka Public Services Commission office, behind Vidhana Soudha, into a high-quality concrete road.
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Shreyas to launch 2 new shipping services
Shreyas Shipping and Logistics Ltd would launch two new services from August 15 in order to connect Mundra-JNPT-Hazira and Kolkata-Vizag-Chennai-Kochi sectors. With this, the Mumbai-based shipping firm would become the first company to link all key ports of India for containerised trade. Shreyas now has five vessels pro
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CCEA clears new definition of control under FDI policy
The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for amendment to the existing definition of "control" under the FDI policy. The revised definition will be as follows: Until now, the definition of "control", in the extant FDI policy is as under: "A company is considered as "controlled" by resident Indian citizens if the resident India
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Govt to promote affordable housing via novel scheme
Union Minister of Housing and Urban Poverty Alleviation Girija Vyas informed that the government would soon launch the Revised Affordable Housing in Partnership (AHP) scheme. The minister said this while addressing the REALTY 2013, Confederation of Indian IndustryĆās (CIIĆās) flagship con
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FIIs buy govt stake in state-run firms
The government raised about Rs 23,830 crore offloading stake in 7 state-run firms during 2012-13. 39 percent of this amount came from FIIs, union government said in a press release. Only about 25 percent came from Insurance Companies including LIC and less than 10 percent from banks including Public Sect
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West Bengal govt to rope in pvt sector for infra development
West Bengal government plans to build and improve 4,000 km of highways on public-private partnerships (PPP) mode, the state's Industrial and Investment Policy, 2013 shows. The move is part of the state government's plan to build physical infrastructure in the state rapidly to promote large-scale industries
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L&T to raise Rs 2,500 cr for IDPL road portfolio
Engineering major Larsen & Toubro is exploring an option to raise between Rs 2,000 crore - Rs 2,500 crore by clubbing operational road projects of its infrastructure development arm L&T IDPL into a separate entity which could be listed overseas through a business trust model. This proposal was separately mooted by a European as well as a Japanese bank to the company. This new idea is based on the increasing popularity of the model amongst global financial investors who are scouting for high qual
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Interest subvention to continue to government banks
The Union Cabinet on August 2 approved continuation of the interest subvention scheme to provide short-term crop loans to farmers in order to ensure the availability of crop loans at affordable rates to farmers for loans upto Rs 3 lakh at the rate of 7 per cent per annum. This scheme has already been extended to crop loans borrowed from private sector scheduled commercial banks in respect of loans given within the service area of the branch concerned.
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Co-op urban banks may come under ombudsmans ambit
To bring in co-operative urban banks under the purview of Banking Omudsman, in view of their key role in banking activity in many states, a proposal has been mooted. The proposal had been mooted by an internal committee of RBI and a final decision would be taken after eliciting views of the State governments, A Madasamy, Banking Ombudsman for Kerala and Lakshadweep said in Thiruvananthapuram on August 1. Madasamy said though there was a strong opinion in favour of the proposal, State governments