During April-June 2013, Indian Railways have carried 256.79 million tonne of revenue earning freight traffic. The freight carried shows an increase of 11.98 million tonne over the freight traffic of 244.81 million tonne actually carried during the corresponding period last year, registering an increase of 4.89 per cent.
Author: admin (Infratructure Today)
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West Bengal calls bids for Rs 500 cr highway stretch
In West Bengal, financial bids from the short-listed infrastructure companies have been called by the West Bengal Highway Development Corporation (WBHDC) for four-laning of the Dankuni-Chandannagar section of State Highway-13. Infrastructure majors such as Gammon India, HCC, IVRCL and Nagarjuna Construction are in the fray to participate in the project, sources said.
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Haryana govt okays Rs 9 cr for Yamunanagar road repairs
Haryana government has approved Rs. 9.37 crore to repair roads in Yamunanagar district that were damaged because of the recent rains. More than Rs. 1.87 crore will be spent on the construction of roads, cross-drainage structure and 60-metre side ramps on link road from Kaith Kalanour village to Lapra village, a release said.
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Govt to decide on diverting gas to power sector
Government would decide on whether to increase the supply of natural gas to power sector by diverting a part of the existing supply to fertiliser sector. Fertiliser plants in India get 43.6 mscmd of natural gas at present. Of this, 19.5 per cent (8.5 mscmd) comes from imported liquefied natural gas (LNG). Some reports indicate that the fertiliser plants may have to import 45-50 per cent of their total gas
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Odisha govt’s resolution does not pass legal scrutiny
Media reports indicate that the Odisha government may withdraw its earlier decision to mandate mine lessees in the state without end-use plants to sell at least 50 per cent of their output to local industries. On December 5, 2012, the steel & mines department notified the resolution to this effect. However, the law department of the state government has not cleared the resolution as it feels the move may not p
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National Roads & Highways Summit – Opportunities, Issues & Solutions
The Roads, Ports & Other Infrastructure Committee of PHD Chamber of Commerce & Industry organized the 'National Roads & Highways Summit- Opportunities, Issues & Solutions' on the 28th of June, 2013 at PHD House, New Delhi.
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Administration wants NHAI to spare land for airport project
In order to enable expansion of Mysore airport, the local administration asked National Highways Authority of India (NHAI) to spare a chunk of land while upgrading a stretch of NH-212 between Mysore and Nanjangud. The district administration asked NHAI to spare the stretch between Mysore and Kadkola and launch the upgradation works from Kadkola onwards, as it will help in airpo
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RBI permits ECB facility for NBFC-AFCs
Reserve Bank of India (RBI) allowed Non-banking finance companies (NBFCs) categorised as Asset Finance Companies (AFCs) to avail of external commercial borrowing (ECB). But the central bank imposed certain conditions for such NBFCs to access ECB window. One of the condition is that they would avail ECB under the automatic route with minimum average maturity of five years. Further, the funds raised through the ECB route must
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CGTMSE may rationalise guarantee fee
Media reports indicate that the Credit Guarantee Fund Trust for Medium and Small Enterprises (CGTMSE) plans to rationalise the annual guarantee fee payable by banks for insuring their loan to small business units. Presently, CGTMSE collects guarantee fee at 1 per cent of the loan limit per annum throughout the tenure of the loan
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Indian economy may grow 6% in FY14: Deutsche Bank
A report by Deutsche Bank says the Indian economy may grow at a rate of 6 percent in 2013-14, compared to 5 percent in the previous financial year. The foreign brokerage expects the current account deficit (CAD), which touched a record high of 4.8 per cent in 2012-13, to decline to 3.8 per cent in the current financial year on the back of softening commodity prices