Till December 2012, only 82 of the 276 projects for increasing capacity and modernisation at 12 major ports were completed under the National Maritime Development Programme, official data shows. While the government abandoned some projects under the programme, a large number of the total projects have been delayed. Besides, scores of them are still at the planning stage
Category: ECONOMY & POLICY
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Survey calls for clarity in NELP
Economic Survey 2012-13 called for clarity in terms of the New Exploration Licensing Policy (NELP) in order to remove impediments to implementation of projects in infrastructure, especially in the area of energy. While the Survey did not elaborate on what clarity was needed in NELP, it said the long term strategy should focus on issues like... petroleum price distortion (and) natural gas
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Partnership through duress
Our roads sector wants to go cool, and with good reason. Minister CP Joshi will be on Google Plus Hangout on 29 March; National Highways Authority of India (NHAI) has taken another step towards its private partners.
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Call for clarity in NELP
Economic Survey 2012-13 called for clarity in terms of the New Exploration Licensing Policy (NELP) in order to remove impediments to implementation of projects in infrastructure, especially in the area of energy. The survey said over the years, India's
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Survey expects rebound of economy
The Economic Survey for 2012-13 expects the Indian economy to grow between 6.1 and 6.7 per cent in 2013-14, which is higher than the advance estimate of 5 per cent growth in the current financial year. The survey has given a relatively wide range for growth
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Minister calls for setting up CSPCCs to expedite projects
The Minister of State (Independent Charge) for Statistics and Programme Implementation Srikant Kumar Jena advised all the states to constitute Central Sector Project Coordination Committees (CSPCCs).
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270 projects suffer delay
As on 1 December 2012, there were 566 projects on the monitor of Ministry of Statistics and Programme Implementation. Of these, 270 projects were delayed with respect to their original schedules of commissioning. This information was given by the Minister of
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Growing Indian middle class economy needs LCCs: Govt
Tata Sons has not intimated anything so far to the Union government about the possible alliance with Malaysian low-cost carrier (LCC) AirAsia, the Union Civil Aviation Minister Ajit Singh has said on February 24.
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BECC launches residential project in Chennai’s Avadi
Chennai-based developer Bharat Engineering Construction Company (BECC) has launched a 2.2-acre residential project 'Alpha Lotus Towers' at Avadi in the city. The suburb to the west of Chennai has a mix of residential and industrial establishments.
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Budget 2013 expected to improve real estate sector
Optimism in the Indian real estate sector is slowly returning. It is a vital sector of the Indian economy that contributes significantly to the Indian GDP. Some of the issues faced by this sector include uncertain global headwinds, high inflation rates, subdued retail demand, high interest rates coupled with credit crunch, challenges associated with land acquisitions, stamp duty costs, non-standardised bye-laws and limited institutional exit options.