Liquidity in the banking system has eased as is evident from the decline in the borrowing of banks through Reserve Bank of India's (RBI) liquidity adjustment facility (LAF). Money market participants feel that the easing liquidity may be because the government has already started spending. On a recent day, banks borrowed Rs 10,880 crore through RBI's LAF and this is sharply lower than over Rs 100
Author: admin (Infratructure Today)
Post
Post
Bank credit to housing sector declines since FY08
The financial stability report of the Reserve Bank of India (RBI) shows bank credit to the housing sector declined to 9.5 percent in 2012-13 from a high 13.3 percent in 2007-08. The report notes that the decline in the growth of bank credit to the sector brought down demand. However, despite this, house prices in some metropolitan cities have witnessed significant increases in the recent past, the report notes
Post
RBI to use all tools to reduce currency volatility
Reserve Bank of India (RBI) Governor D Subbarao informed reporters that the central bank does not have any target for rupee level but will use all the instruments it has to reduce volatility. The Indian rupee depreciated against the dollar sharply to over Rs 60 recently
Post
Several infra projects in Mumbai face delay
Several infrastructure projects in Mumbai are delayed because of various reasons including the lack of co-ordination between Maharashtra State Road Development Corporation (MSRDC) Mumbai Metropolitan Region Development Authority (MMRDA). Therefore, some experts argue that these infrastructure projects must be implemented by only one
Post
CCI chief warns of cascading effect from gas price hike
President of the Confederation of Indian Industry (CII), S Gopalakrishnan said the governmentĂâs move to almost double gas prices with effect from April 2014 will have a Ăâcascading effectĂâ on power tariffs. He said this while addressing a press conference. He disfavoured the dollar pricing of domestically produced natural gas by saying the following, ĂâI do not believe that the price of gas (produced in India) ought to be se
Post
Govt expects new pricing formula to boost gas output
According to an internal note prepared by the union petroleum ministry, the new gas pricing formula approved by the cabinet would enable exploration and production from around 3 tn cf (trillion cubic feet) of gas reserves. This would lead to increase in domestic supply of natural gas, the note points out. The note pointed out that investment in exploration and development plan declined in the last few y
Post
Deepest oil well drilled by ONGC at KG basin
According to a company statement, ONGC drilled the well 1-D-1 in a block at Krishna Godavari basin. This is the deepest well drilled by the firm at a water depth of 10,411 feet (3,174 meters). The well was drilled at the block KG-DWN-2005/1. The state-owned firm drilled over 100 deepwater wells since 2004. A large number of these wells are in water depth beyond 5,000 feet in environmentally and logistically difficult areas of east and west coast, ranging from
Post
Pvt players show less interest in port projects
Interest shown by the private sector in port projects has declined in recent years because of the general slowdown in the economy, accompanied by low cargo volume and a difficult funding environment. Owing to these factors and the risks involved in implementing big-ticket projects, port developers are seen to prefer smaller projects with a lower risk profile, reports indicate
Post
Experts want ministry to make PPP contract attractive
Experts want shipping ministry to make the public private partnership (PPP) contracts attractive to promote private investment in port sector. Industry watchers want the ministry to grant flexibility to port operators to build capacity gradually, depending upon the growth in cargo rather than in one go at the beginning of the contract period, irrespective of volume
Post
Unions oppose privatisation in port sector
Labour unions in some of the major ports in the country are opposing privatization of cargo-handling activities for fear of losing jobs. India has 12 major ports, which are controlled by the union government. The shipping ministry has planned to implement several port projects on public private partnership (PPP) mode, thereby attracting priva