In Tamil Nadu, Walajabad and Uthiramerur in Kancheepuram area will get bypass roads to relieve the towns of traffic congestion, the State Highways Minister Edappadi K Palaniswami said recently. Moving the demands for the department in the Assembly, he said that Rs.14.50 crore has been sanctioned for the projects.
Author: admin (Infratructure Today)
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NHAI yet to be handed over land for road widening
In Kerala, more than Rs 20 crore has gone to waste in the name of land acquisition for widening of the Thiruvananthapuram-Cherthala stretch of NH 47. While the second deadline for the land acquisition notification lapsed last month, no land has been handed over to the National Highways Authority of India (NHAI) for widening the highway.
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Govt announces relief to SEZ with regard to land requirement
The Union government on April 19 announced relief for special economic zones (SEZs) by tweaking the minimum-land-area requirement and allowing change in ownership. In its last supplement to the Foreign Trade Policy (FTP), 2009-14, the Commerce Department, however, did not meet the much-awaited demand for doing away with the minimum alternate tax (MAT) on SEZs.
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UP govt takes steps for Kanpur airport project
Uttar Pradesh government urged its officials to expedite the preparation of an action plan for the proposed new airport project in Kanpur. The state government plans to find a land in Kanpur Dehat district for the project. Further, the state chief secretary Ja
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Centre plans to develop a road regulatory authority
The Union government is striving to set up a road regulatory authority by consulting all the stakeholders. The road sector needs a regulator to address challenges before it... Work is on towards developing a regulatory philosophy in consultation with all stakeholders, Union Road Transport and Highways Minister CP Joshi said.
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FM hopes Indian economy would get back to 8% growth
Finance Minister P Chidambaram remarked that the Indian economy is poised for a potential growth rate of 8 per cent and the country has not fixed the limit to foreign investments. While attracting investors from Canada and the USA, he said the Indian economic downturn is a temporary phenomenon. Between 2004 and 2012, India had a growth rate of 8 per cent for six years and four
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Govt plans to pass Finance Bill by end of budget session
The government plans to pass the Finance Bill 2013 by the end of the second half of the budget session, which starts on April 22 and ends on May 10. The parliamentary affairs ministry, headed by Kamal Nath proposed the window of May 6 and 7 for discussion and passage of the finance
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Govt plans to pass Finance Bill by end of budget session
The government plans to pass the Finance Bill 2013 by the end of the second half of the budget session, which starts on April 22 and ends on May 10. The parliamentary affairs ministry, headed by Kamal Nath proposed the window of May 6 and 7 for discussion and passage of the finance
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Growth in corporate sales falls sharply in Dec quarter
Growth in the sales of 2,745 non-financial private sector companies declined sharply to 9.2 per cent at Rs 7.5 lakh crore in Oct-Dec 2012 from 19.2 per cent in the year-ago period. Data released by Reserve Bank of India (RBI) on these companies shows. During Jul-Sep 2012, sales of these firms expanded 11.3 per cent. The sales growth in Oct-Dec 2012 quar
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Banks increase presence in rural areas
Data from Reserve Bank of India (RBI) shows that as of December 2012 211,000 villages in the country have bank connectivity compared to about 67,000 villages in March 2010. It may be noted that there are about 600,000 villages in the country. Bank connectivity is said to have risen mainly through business correspondents (BCs) and other