The Kerala government will soon decide on constructing flyovers at the extremely congested Vyttila, Palarivattom and Kundanoor junctions in Kochi city, the State Minister for Public Works VK Ebrahim Kunju said on May 27. The State Cabinet will decide it within a fortnight. As for the Edappally flyover, the DMRC is expected to begin work within four months and complete it within 18 months, he said, following a PWD review meeting held in Kochi on May 27.
Author: admin (Infratructure Today)
Post
Post
Draft of offshore wind energy policy released
Union Ministry of New and Renewable Energy has released a draft national offshore wind energy policy for 2013. The draft policy was written with inputs from a steering committee on offshore wind energy. According to the draft, onshore wind energy has reached a stage of deployment that makes it competitive with traditional fossil fuel power generation.
Post
ECB facility may promote affordable housing projects
Industry players expect the Reserve Bank of India's (RBI) move to allow real estate developers raise funds from External Commercial Borrowings (ECB) would increase the supply of low-cost houses. It may be recalled that the central bank allowed developers and housing finance companies to raise a maximum of $1 billion for affordable housing
Post
$600 mn infra fund to be launched by IL&FS, Stanchart PE
A new infrastructure fund would be launched jointly by Standard Chartered Private Equity and IL&FS Investment Managers with a corpus of around $600 million. This is the second fund being launched jointly by both the firms. The new fund may consider investing in Middle East nations besides investing in Indian
Post
RBI to continue purchase of govt bonds
Reserve Bank of India (RBI) continues to purchase government bonds through the open market operation (OMO) in order to ease liquidity constraint in the banking system. This was hinted by Economic Affairs Secretary Arvind Mayaram when he said the government doesn't think the central bank has slowed the pace of its bond purchase programme
Post
Soma Enterprise heads for corporate debt restructuring
Sources say that Hyderabad-based Infrastructure company Soma Enterprise, which has a debt burden of around Rs 5,000 crore, is heading for corporate debt restructuring (CDR). The highway developer, which also has an engineering, procurement and construction (EPC) division, has been referred to the CDR cell by one of its bankers, State Bank of India, the countryĂâs largest lender.
Post
Govt to prepare scheme for piped gas supply
Madhya Pradesh government would prepare a scheme in association with GAIL to start the supply of piped domestic gas to the residents of Bhopal-Mandideep. Recently, the state urban administration and development Minister Babulal Gaur discussed this project with the officials of GAIL. Bhopal city Mayor Krish
Post
Members of RBI panel did not favour repo rate cut
Four members of the Technical Advisory Committee on Monetary Policy set up by the Reserve Bank of India (RBI) were not in favour of the central bank cutting repo rate in the May 3 Annual Policy meeting. On May 3, the central bank reduced the repo rate (the interest rate at which banks borrow short-term funds from the central bank) from 7.50 per cent to 7.25 per c
Post
Minister highlights difficulty in passing financial laws
Finance Minister P Chidambaram remarked that it was very complex and difficult to pass financial sector laws by a coalition government. He mentioned the case of the Companies Bill, which was cleared by the Lok Sabha and is awaiting the nod of the Rajya Sabha. He said this while addressing the third national seminar on ĂâIndia Financial CodeĂâ organised by the Institu
Post
Muthoot Group to consider banking venture
Muthoot Group may consider foraying into the banking sector if it feels that such an exercise would be a strategic fit with existing lines of business, Alexander George Muthoot, Director, Muthoot Group said.
The gold-loan non-banking finance company (NBFC) may take up the banking business if the RBI gives a separate licence for the bank based on the work it did