The Punjab government on May 29 approved the revised toll policy aimed at the rationalisation in the toll rates besides enhancing the user acceptability in the state. The State Chief Minister Parkash Singh Badal was presiding over the meeting of the Punjab Infrastructure Development Board (PIDB) at his residence in the presence of the Deputy Chief Minister Sukahbir Singh Badal.
Category: ECONOMY & POLICY
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‘Policy uncertainty hits growth of solar industry’
A clean energy consultancy firm Mercom Capital Group says that Indian solar sectorÂ’s growth continues at a slow pace amidst policy uncertainty and experimentation. Policy uncertainty is rife, with rules being changed every other month. Of the 1,761 mw installed base in the country, about 557 mw was installed so far in 2013 and several projects have been delayed.
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Kerala govt to decide on Kochi flyovers within a fortnight
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.
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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 countryÂ’s largest lender.
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Govt asks developers to complete housing projects
Private developers who are delaying the construction of affordable housing units in Jaipur received a warning from the state government's urban housing and development (UDH) department. The developers were asked to complete the project by end of July or else lose the security money. The department said it would transfer the security money to Jaipu
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Centre announces 3rd manufacturing zone for AP
The Union government on May 25 promised to approve a third National Investment and Manufacturing Zone (NIMZ) for Andhra Pradesh. The Centre has already approved the establishment of 12 NIMZs in the country - eight on the Delhi-Mumbai Industrial Corridor, two in AP and one each in Karnataka and Maharashtra, said the Union Minister for Commerce and Industry Anand Sharma.
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Govt completes 517 JNNURM projects
In its annual report card, the UPA government said it completed 517 projects under JNNURM, including 231 projects under Urban Infrastructure Development Scheme for Small and Medium Towns (UIDSSMT). The government listed these projects under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and expansion of metro network in various cities as achievements during the year
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Govt completes 517 JNNURM projects
In its annual report card, the UPA government said it completed 517 projects under JNNURM, including 231 projects under Urban Infrastructure Development Scheme for Small and Medium Towns (UIDSSMT). The government listed these projects under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and expansion of metro network in various cities as achievements during the year
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Minister hints at more reforms in coming months
Expressing hope of a turnaround in the economy, Finance Minister P Chidambaram hinted that the government would unleash more reforms in the second half of the year. He said this while interacting with media persons on the sidelines of the performance report release function on the fourth anniversary of UPA-II
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Land acquisition hurdle delays customs post project
There is a delay in the upgradation of the land customs station at Petrapole, West Bengal, which accounts for more than half of the bilateral trade between India and Bangladesh, owing to impediments in land acquisition. The check post will offer customs and other clearances required to export goods and will reduce the time taken for the movement of cross-border consignments. This information was given by Amit Kumar Roy, commissioner of customs (preventive) at a Bengal National Chamber of Commerc