The Rs 23,136 crore Mumbai Metro line-3, which would link Colaba, Bandra, Santacruz Electronics Export Processing Zone, received approval from the union cabinet recently. The cabinet also approved the plant to set up a joint venture between the centre and Maharashtra government with equal shareholding between them. In line with the Delhi, Bangalore, Chennai and Kochi metro projects, the present special purpose vehicle (SPV), calle
Author: admin (Infratructure Today)
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Govt fast-tracks 23 mega power projects
Media reports say that the Union government has put 23 big-ticket power projects, which were stalled for want of fuel supply linkages and environmental clearances on fast track. These projects are estimated to generate 23,000 mw of power capacity across the country. In addition, over 1,600 km of power transmission lines in central India have also been taken up on a priority basis as part of the first set of private projects being pushed through by a special cell in the cabinet secretariat, which
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Govt redrafts master plan for Jodhpur
Rajasthan government redrafted the Jodhpur master plan taking into account the fact that a stretch of the Delhi-Mumbai industrial Corridor (DMIC) would fall in the city. The state government has reportedly included several different provisions in the existing master plan taking into account the fact that the DMIC would pass through Jodhpur
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Govt submits Maritime Board Bill for President assent
R Mohan, director of Ports and Inland Water Transport at Karnataka government said the Karnataka Maritime Board Bill is awaiting the approval of the President of India. The state legislature passed the Bill in 2011 and it was submitted to the President for assent, he said. With a view to take up various developmental projects and to maintain ports along the 300-km-long coastline of Karnataka, the state government wants to set u
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Govt to release shale gas policy soon
With the government initiating pricing reform in the natural gas sector, it plans to release the shale gas policy shortly and auction blocks for producing the unconventional fuel, media reports indicate. Also, the government will launch tenth bidding round for oil and gas blocks under new policy, media reports suggest. As part of its overall economic reform initiative, the government the government recently raised the price of domestic natural gas to $8.4 per unit from the present price
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UP govt urged to repair roads in Luckonw
The Uttar Pradesh government has been suggested on the renovation exercise of Kaiserbagh in Lucknow. The British Indian Association has made some suggestions and asked the government to repair worn out roads of the area, especially Raja Ahmad Ali Marg and the road between Butler Park and Baradari. Road running behind Baradari has been encroached by bus owners and horse-cart pullers who park buses and tie horses on roadsides obstructing the traffic.
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Delhi govt mulls another bridge over Yamuna
In accordance to the growing population and rapidly increasing number of vehicles registered in Delhi, the Public Works Department (PWD) is planning another bridge over the Yamuna. The new bridge, said PWD officials, would be built upstream on the Yamuna, further north of Wazirabad bridge. Engineers said a consultant would soon be appointed to suggest the alignment of the bridge.
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India sees 12.9% rise in external debt in FY13
According to a government data, India's external debt rose 12.9 per cent to $390 billion as at end March 2013 from the previous year. Of the total external debt, external commercial borrowings (ECB) by Indian companies contributed almost a third. Deposits from Non-Resident Indians (NRIs) constituted 18.2 per cent of the external debt. Worryingly, short-term debt constituted about a fourth of the countryĂâs
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RBI data shows slower credit growth in major sectors
Mirroring the continuing slowdown in Indian economy, bank credit to all major sectors, barring personal loans, continued to grow at a slower pace than last year, said the country's apex bank Reserve Bank of India (RBI) data. RBI's sectoral credit data said that personal loans showed a rise of 16.3 per cent in May this year, compared to 13 per cent in May last year.
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Draft report calls for hiking royalty on ore
In its second draft report, a mines ministry-appointed study group suggested hiking royalty on iron ore to 15 percent from the present 10 percent. The proposal was made based on views taken by the group from various stakeholders including state and centre governments, companies belonging to both public and private sectors, reports indicate