The Government gave ´in principle´nod to Sagarmala project, which is aimed at port-led development in coastal states. ´The Union Cabinet chaired by Prime Minister Narendra Modi, gave its ´in-principle´approval for the concept and institutional framework of Sagarmala Project,´ an official statement said.
Category: ECONOMY & POLICY
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CSR route for infra development in AP
Industrial growth in Andhra Pradesh is expected to bring a significant improvement in civic infrastructure in villages, as the government will lay due emphasis on Corporate Social Responsibility (CSR) initiatives of companies.
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Govt to set up PCPIRs
The Government of India has approved setting up four Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs) in the states of Andhra Pradesh (Vishakhapatnam - Kakinada), Gujarat (Dahej), Odisha (Paradeep) and Tamil Nadu (Cuddalore - Nagapattinam) which are estimated to attract investments of around Rs 7.63 lakh crore and provide employment to around 33.96 lakh people.
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29-km tunnel in Shiradi Ghat
For seamless travel through Shiradi Ghat, between Bengaluru and coastal Karnataka, the State Government has proposed to construct a 29-km tunnel route on this section.
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AP to adopt land pooling model for large projects
Encouraged by the feat of getting almost 30,000 acres of land in only three months to build a new capital near Vijayawada, the Andhra Pradesh Government is looking at adopting the land pooling model for all large public private partnership infrastructure projects in the state.
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L&T bags orders worth Rs.1,242 cr
L&T´s Metallurgical and Material Handling (L&T-MMH) business has secured orders worth Rs 1,242 crore during the fourth quarter of FY15.
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Vodafone expands its wing
Telecom operator Vodafone announced expansion of mobile network in two more districts in Arunachal Pradesh, taking its coverage to 11 out of 18 districts.
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Delays, cost overruns plague infrastructure projects
Four out of every 10 Central Government infrastructure projects are running behind schedule or have overshot original cost estimates, providing evidence of the heavy toll taken on project execution by delayed regulatory approvals, financial constraints and stalled land acquisition.
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Rush-hour to restructure bad loans
Bankers moved to recast bulky loans in the January-March quarter ahead of a change in rules which will lead to restructured loans being categorized as bad loans, attracting a minimum provision of 15 per cent, mentioned a business news paper.
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2015 Pulse of the Profession
As PMI looks at the state of project, program and portfolio management in 2015, we see that a number of global dynamics are forcing organizations to take a more critical look at how they operate.