China has decided to revive the ancient 'Southern Silk Road' to strengthen its trade ties with South and South-east Asian neighbours. The Silk Route, originating from the Chinese city of Chengdu, wandered through Myanmar and then extended to Bangladesh, India and even the Middle East. In Beijing, a senior government official has said that the Southern Silk Road will be used as an economic corridor
Author: admin (Infratructure Today)
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Union govt to award 380 km of road projects in naxal areas
By the end of 2013, union government would award road projects totaling a length of 380 km in the Left Wing Extremism (LWE) areas spanning five states. The projects would benefit Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Andhra Pradesh, Uttar Pradesh, Maharashtra and Odisha
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Maharashtra govt frames new PPP policy
The urban development department of the Maharashtra government framed a new policy in order to address issues, such as settling of claims and risk-sharing, arising out of delays in PPP (public private partnership) projects projects. The draft policy has been forwarded to the finance department for modifications. The policy was framed in order to rule out the possibility of disputes at a later stag
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Odisha govt to develop critical infrastructure
Odisha Chief Minister Naveen Patnaik informed that the state would focus on developing critical infrastructure mainly electricity, roads and water to ensure faster and balanced socio-economic development. He said this after meeting Planning Commission Deputy Chairman Montek Singh Ahluwalia to finalise the annual plan outlay for the state
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Punjab govt to spend Rs 14 bn in 6 districts
Punjab government decided to spend Rs 1,433.97 crore on upgrading basic civic amenities like road, water, sanitation and social infrastructure facilities in six districts falling in the border areas. Specifically, the amount would be spent on improving these facilities in 18 blocks of Amritsar, Ferozepur, Fazilka, Gurdaspur, Pathankot and Tarn Taran districts in the
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Govt in favour of dividing CIL into smaller units
Coal Minister Shriprakash Jaiswal is quoted as saying in a media that the government is prepared to divide the largest coal miner in the world Coal India (CIL) into smaller companies. The resulting small companies would compete with each other if experts feel that such a move is good for the country, the minister is quoted as saying
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Analysts expect good prospect for SKS Microfinance
Some analysts feel that SKS Microfinance has good business prospects as it revamped its business model following the crisis in the microfinance sector in Andhra Pradesh. The microfinance institution (MFI), which was incurring loss since early 2011, posted profit after a long gap in December 2012 quarter.
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Steel ministry to expedite big ticket steel projects
Union steel ministry is reportedly taking steps to expedite big ticket investment projects, which are held up owing to various issues in the steel sector. In Odisha itself, eight projects are stuck because of reasons like lack of statutory clearances, non-availability of raw material linkage and law and order problem during land acquisition
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Cairn India seeks extension of contract for Barmer block
Cairn India, which plans to invest $3 billion over three years to improve reserves and increase production, primarily in Rajasthan, wants government to extend contract on Barmer oil block by 10 years. The company would invest this amount after considering the remaining economic life of the field. Therefore, the firm seeks extension of the contract perio
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Govt to aid small towns under JnNURM
The government may provide funding for procuring buses by small cities with a population of less than 10 lakh under the the Jawaharlal Nehru National Urban Renewal Mission (JnNURM), reports indicate. Under the mission, so far the government was funding only cities with population of at least 10 lakh. But sources from the union urban development ministry infor