The central government is said to be considering request from the Assam government for implementing metro rail project in the north eastern state. Metro rail projects are becoming popular across many cities in the country. The union urban development ministry has to clear a proposal to set up metro rail system in the country as it is partly financed by th
Author: admin (Infratructure Today)
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Delhi govt may allow hotels to get into flats business
The Delhi government is planning to allow hotels to build and sell apartments in their complexes in Delhi, a move that may benefit several hotels in the city except those that fall within the restricted Lutyens' Bungalow Zone, sources in Delhi Development Authority said. Hotels will be allowed to use the 20 per cent of the total built-up space, where they are permitted to set up a commercial and retail wing, to develop apartments, a senior official at the Delhi Development Authority said, on the
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Govt to develop key infrastructure in Jaipur
Rajasthan government would focus on upgrading key infrastructure like drainage lines, roads and drinking water across Jaipur as the city has become a counter-magnet area. This would be part of the state government's proposals related to the infrastructure development in the city. The government is preparing the proposal and would submit the same to National Capital Region Plann
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India adds 3,000 mw renewables every year: Govt
Turkish Energy Minister Taner Yildiz stated on June 26 that the power of the energy council in India is three times bigger than TurkeyĂâs. Taner Yildiz said that India had achieved important advances in renewable energy, during a meeting with Indian Minister of New and Renewable Energy Farooq Abdullah in TurkeyĂâs capital Ankara.
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SEBI to decide on TN govt’s proposal
Securities and Exchange Board of India (SEBI) would decide whether the Undertakings of Government of Tamil Nadu can buy the 5 per cent equity of Neyveli Lignite Corporation (NLC). The decision to offload the central government's 5 per cent equity in NLC was taken at a meeting of the Cabinet Committee on Economic Affairs on June 21. The union government plans to mop up around Rs 700 crore
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UP govt gives nod to JV for solar power project
To tap the state's solar energy potential, the Uttar Pradesh government is to establish a joint venture company of the Uttar Pradesh New and Renewable Energy Development Agency and National Hydroelectric Power Corporation. According to the official statement released by the State government, it has also been decided that a memorandum of understanding would be signed between the two agencies.
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Govt idenfies 8 lignite blocks for auction via competitive bidding
Under Competitive Bidding of Coal Mine Rules, 2012, the central government would auction eight lignite blocks, five of them in Gujarat and three in Rajasthan. However, the government has not announced when these blocks would be put on auction. The estimated reserves in these blocks are not known immediately as they are not completely explored. On June
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Govt clears 3 parking lot projects
Under the revised parking floor space index (FSI) policy, the Maharashtra government approved three parking lot projects for over 1,300 vehicles. The new lots are at Altamount Road (behind Jaslok Hospital), and in Ghatkopar and Mulund (LBS Marg).
According to media reports, the lots would be a huge relief for people as parking space in the city
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RBI sells bonds worth Rs 140 bn in recent auction
Reserve Bank of India (RBI) sold Rs 140 billion worth bonds of various tenure on behalf of government. The central bank sold 2020 bond, 2025 bond, 2032 bond and 2035 bond through a recent auction. The central bank set a cut-off price of Rs 104.22, yielding 7.6598 percent for the 8.20 percent 2025 bond. For the 8.12 per cent, 2020 bond, the RBI set a cut-off price
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SIDBI to issue bonds, other instruments worth Rs 135 bn
In 2013-14, Small Industries Development Bank of India (SIDBI) plans to issue bonds and other instruments with a cumulative worth of Rs 13,500 crore to expand its business operation, agency reports indicate. The development bank would issue various instruments including bonds, Certificate of Deposits (CDs) and fixed deposits to raise the