Reserve Bank of India (RBI) received a request from large foreign banks operating in the country to to extend the timeline for adhering to the new priority sector norms. It may be recalled that the new priority sector norms makes it mandatory for foreign banks with over 20 branches to allocate at least 40 percent of its credit to priori
Author: admin (Infratructure Today)
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West Bengal’s land policy hits its wind project
West Bengal Chief Minister Mamata Banerjee’s ‘no land acquisition’ policy has already impacted investment into West Bengal. Now, her policy to allocate State-held land through competitive bidding may prove to be a stumbling block in attracting investments in the Eastern region’s largest wind-farm project.
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TN govt seeks Rs 1 bn for solid waste project
Tamil Nadu Chief Minister J Jayalalithaa informed that her government was expecting Rs 100 crore from the central government for implementing solid waste management system across certain areas in the state. Meanwhile, the state government raised the construction cost of green houses given to its beneficiaries from
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Rajasthan govt studies proposed CGD venture
Rajasthan government is evaluating the proposal of Cairn India to partner with Rajasthan State Petroleum Corporation (RSPCL) and Gail to launch city gas distribution service in the state, reports indicate. The state government may take a final decision by this month-end, according to some media reports. The company could be a good fit as the original contours of the J
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Rajasthan govt studies proposed CGD venture
Rajasthan government is evaluating the proposal of Cairn India to partner with Rajasthan State Petroleum Corporation (RSPCL) and Gail to launch city gas distribution service in the state, reports indicate. The state government may take a final decision by this month-end, according to some media reports. The company could be a good fit as the original contours of the J
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Govt to collect cess to fund remote connectivity
A cess of Rs 40-50 per departing domestic passenger may be levied by the Union Ministry of Civil Aviation to part-fund connectivity to remote towns and cities soon. The Ministry is actively considering doing away with the present route dispersal guidelines, which require scheduled airlines to deploy at least 10 per cent capacity on routes which are otherwise not lucrative and connect remote areas, smaller towns and cities.
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Odisha govt for upgradation of Jeypore airport
The Odisha government has asked Koraput district administration to identify a single patch of 310 acre near the existing airstrip at Jeypore in the district to upgrade it into an airport. In a letter sent to the district administration recently, the government said the required land should be without any natural barrier for further expansion of the project and have good road communication.
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Kochi’s old railway station to be revived at Rs 100 cr
In Kerala's Kochi, the old railway station or the Ernakulam Railway Goods Station behind the Kerala High Court is to be revived at Rs 100 crore. The project proposal has been submitted to the Southern Railway. Thiruvananthapuram Divisional Railway Manager Rajesh Agarwal announced this in Kochi on April 8 and said the existing lines and the station building (abandoned a few decades ago) could be renovated using the initial outlay of Rs 100 crore.
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Cairn India discovers oil in Rajasthan block
Cairn India discovered crude oil at its Rajasthan oil and gas field. This is the 26th oil discovery of the company in the block. The company discovered oil and tested for the first time in Dharvi Dungar sands in Raageshwari-Tukaram area, where previous discoveries were in the shallower Thumbli sands. According to technical evaluations, Dharvi Dungar formation may have about 10 metre of gross oil colu
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Weak demand hits pricing power of steel firms
Pricing power of steel companies is constrained because of weak demand for the metal, Nomura India said in its latest research report. Against an expected demand growth of 4.5-5.0 percent, consumption of steel grew a mere 3.3 percent year-on-year (y-o-y) to 73.3 million tonne (mn t) in 2012