The Kerala government has allocated an emergency assistance of Rs 143.5 crore for repairing roads that were damaged during monsoon. The amount is being given to complete repair work immediately after monsoon, said the State Public Works Minister VK Ibrahim Kunju.
Author: admin (Infratructure Today)
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Goa govt to apprise SC on action against illegal mining
Goa government is taking steps to address the issue of illegal mining in the state and it would apprise the Supreme Court about the measures taken by when the matter comes up for hearing on July 10, reports indicate. Among the measures initiated by the state are adoption of differential global positioning systems (DGPS) mapping, regularization of dumps, e-filling. The state government is learnt to have addressed mining issues in four areas out of the six areas of conc
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Govt to implement 8 airport projects in 2013
Eight airports would be set up in 2013 in tier II and tier III towns across the country by the Airport Authority of India (AAI) in partnership with private sector and the state governments, reports indicate. These eight projects are part of the government's plan to set up nearly 50 airports in tier II and tier III towns across the country in the coming years. Industry watchers welcomed the move by the government to set up airports in small towns across the coun
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Govt to implement 8 airport projects in 2013
Eight airports would be set up in 2013 in tier II and tier III towns across the country by the Airport Authority of India (AAI) in partnership with private sector and the state governments, reports indicate. These eight projects are part of the government's plan to set up nearly 50 airports in tier II and tier III towns across the country in the coming years. Industry watchers welcomed the move by the government to set up airports in small towns across the coun
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Experts want govt to create competition by amending act
Experts feel that unless the Coal Nationalisation Act is amended to allow mining by private companies, the government cannot create competition in the coal sector. The union cabinet recently approved the coal regulatory authority bill which envisages that the regulator would create regulations that bring in a level-playing field and more competition in the sector
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Minister urges state-run lenders to trim base rate
At a review meeting with top officials of state-run banks, Finance Minister P Chidambaram urged them to cut base rates in order to spur credit growth in the economy. Chidambaram feels that reduction of the base rate will be a powerful booster to credit growth and this may in turn turn around the economy, which grew at a decade-low pace of 5 percent in 2012-13. The minister argues that while Reserve Bank of India trimmed policy rates by 125 basis points, banks must
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NMDC reduces price of iron ore for July
Considering tepid demand in the monsoon season, public sector mining major NMDC reduced prices of iron ore by Rs 100-200 per tonne for July. While the company decided to cut the price of lumps by Rs 200 per ton, it reduce the price of fines by Rs 100 a ton for July, media reports indicate. Following the decision, which is reportedly taken at the company's recent board meeting in Hyderabad, iron ore l
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Crude oil futures rise to one-year high
Geopolitical tension in the middle-east and expectation of rise in demand for crude oil in the US propped up oil prices in the international market to a one year high. Crude for August delivery settled at $101.24 a barrel on the New York Mercantile Exchange at a recent trading session. Tracking the most-active contracts, futures prices marked their highest settlement and first close above the k
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ONGC to invest Rs 35 bn to redevelop gas field
After discovering gas in the southern part of the South Bassein field, Oil and Natural Gas Corporation (ONGC) decided to undertake redevelopment programme at a cost of Rs 3,513 crore in the area. Under this programme, the firm would set up a new platform, drilling new wells, subsea systems etc. The additional gas will come on stream in the next 2-3 years time after the wells are
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Minister to discuss fuel export to Mauritius
Union Commerce and Industry Minister Anand Sharma may hold discussion with his counterpart in the Mauritius government to promote petroleum export from India to the island nation. Sharma, who is scheduled to visit the country soon, would hold meeting with Sayyad Abd-Al-Cader Sayed-Hossen, Minister of Industry, Commerce and Consumer Prote