Delhi Metro Rail Corporation (DMRC) would sign a general consultancy agreement with Kerala Monorail Corporation for the Thiruvananthapuram and Kozhikode monorail projects, which may together cost Rs 5,581 crore. Of the total project investment, Rs 3,590 crore would go for Thiruvananthapuram project and Rs 1,991 crore for Kozhikode project. DMRC would get 3.25 per cent of the total inv
Author: admin (Infratructure Today)
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Punjab cabinet clears policy to regularise colonies
At a meeting of the cabinet headed by Punjab Chief Minister Parkash Singh Badal, it was decided to clear the policy for Compounding or Regularization of Unauthorized Colonies or Buildings. The cabinet decided to approve the policy under the Punjab Laws (Special Provisions) Act-2013. The move would enable the government to provide basic civic amenities to about 5,000 colonies and 2 lakh indivi
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Governor clears Ordinance for pipeline project
Jammu and Kashmir Governor NN Vohra signed the Ordinance which would allow state government to acquire land for the Rs 880 crore Bhatinda-Srinagar gas pipeline project. The project, which involves laying of the 750-kilometer gas pipeline from Bhatinda in Punjab to Srinagar via Jammu, is scheduled for completion in three years. Gujarat State Petronet Limited (GSPL) received contract for the project in June 2011
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JNPT, ministry discuss Rs 8 bn project
Union Shipping Ministry and the Jawaharlal Nehru Port Trust (JNPT) are discussing the hurdles in implementing the Rs 800 crore container terminal project at the port. Last year, Dubai Ports World (DP World) was awarded the contract for setting up the terminal which will have a capacity to load 800,000 containers a year. DP World agreed to share 28.09 percent of its annual reve
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Govt to release shale gas policy in 25 days
Union petroleum Minister Veerappa Moily informed that the government would announce policy on exploration and production of shale gas in the next 20-25 days. The petroleum ministry will finalise the policy once it receives comments from different ministries. Found in non-porous shale rocks, extraction of shale gas, which is a non-conventional natural gas, requires the fracking technology, similar to the extr
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Govt to release shale gas policy in 25 days
Union petroleum Minister Veerappa Moily informed that the government would announce policy on exploration and production of shale gas in the next 20-25 days. The petroleum ministry will finalise the policy once it receives comments from different ministries. Found in non-porous shale rocks, extraction of shale gas, which is a non-conventional natural gas, requires the fracking technology, similar to the extr
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Dena Bank to strengthen presence in eastern regions
Ashwani Kumar, Chairman and Managing Director of the state-run Dena Bank said the bank decided to set its footprint in the eastern part of the country especially in West Bengal and Bihar. The state-run bank, which is predominantly present in the western part of the country, is turning to east as the region appears less crowded and shows opportunity
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Rates on CDs remain above 8%
Owing to the outflow of corporate advance tax from the banking system, rates on the Certificates of Deposit (CDs) are ruling high above 8 percent, media reports indicate. The first instalment of corporate advance tax is due on June 15. Advance tax outflow has strained liquidity in the banking system with banks borrowing about Rs 85,000 crore on an average under RBIÂ’s liquidity adjustment facilit
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WPI inflation falls to 42-month low of 4.7%
Inflation as measured by the Wholesale Price Index (WPI) declined to a 42-month low of 4.7 per cent in May 2013 from 4.89 per cent in the previous month and 7.55 per cent in May 2012. The decline in the prices of manufactured items helped inflation to ease in May even as the price level of food articles rose. The prices of manufactured items declin
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Nationalised banks post lower RoA than private banks
According to a study, the return on assets (RoA) of nationalised banks was lower than that of private banks during 2010-13. Further, state-run banks lost market share by 1.3 per cent over the last four years to private and foreign banks, the study shows. Nationalised banks lost 0.5 per cent and SBI 0.8 per cent of the market share. As far as private sector banks are concerned, the new private banks (NPBs)gained market share by 1 per cent and the old private banks (OPB