Telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore received in 2013. While government is hopeful of announcing mergers and acquisitions guidelines in January and a new policy on machine-to-machine communications in first quarter of 2014, in 2013 it was able to implement new licensing regime of Unified Licences, open up telecom sector for foreign investment by raising FDI limit to 100 per cent from 74 per cent.
Category: ECONOMY & POLICY
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Nod to six-laning of Vadodara-Surat stretch of NH-8
The Union Cabinet Committee on Economic Affairs has given its approval for six-laning of the Vadodra-Surat section of NH-8 including construction of a new four-lane extra dosed bridge across the Narmada River and two eight-lane flyovers in Gujarat under the NHDP Phase V.
The cost is estimated to be Rs 503.16 crore including Rs 17 crore as the cost of land acquisition, resettlement and rehabilitation and other pre-construction activities.
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DCIs Dubai proposal evokes less interest
Dredging Corporation of India´s (DCI) proposal to deploy its fleet in Dubai has not evoked much interest within the Union Shipping Ministry. The DCI has been advised to concentrate on dredging within India before venturing into foreign countries.
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Bureaucratic reform is the answer
This Welcome to the year of the elections! In this issue, we have endeavoured to examine what the year holds for the infrastructure industry. There seems to be optimism in the air.
Recently, the industry unequivocally hailed Congress Vice President Rahul Gandhi´s speech at the Confederation of Indian Industry (CII) last month. Gripping, pointed and purposeful, Gandhi´s oratory skills looked transformed. Unlike most politicians´ and most industrialists´, his vision is a mix of short- and long-
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NHB to go for Rs 5,000 cr tax-free bonds
Seeking issuance of tax-free bonds worth Rs 5,000 crore, the National Housing Bank (NHB) is planning to request the Union government in the next fiscal. NHB is the regulator for housing finance companies in the country.
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Stir hits container movement at ICTT
As the 100 agreement labourers involved in moving containers to and from the DP World-operated International Container Transshipment Terminal (ICTT) in Kochi went on a strike from late afternoon on December 23. As a result, container movement at the ICTT has come to a standstill.
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Second CFS comes up in Kochi near ICTT
In Kochi, the second container freight station (CFS) near the international container transshipment terminal (ICTT) at Vallarpadam is nearing completion. It is being set up by MIV Logistics Private Limited, a special purpose vehicle (SPV) floated by the State government-promoted entity Inkel, CFS will have a capacity to handle 75,000 containers a year.
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Govt accords nod to 574 SEZ proposals
In addition to seven Central government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs set up prior to the enactment of SEZ Act, 2005, formal approval has been accorded to 574 proposals out of which 391 SEZs presently stand notified.
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EDFC project: UP expects Rs 42,000 cr investment
Under the proposed Eastern Dedicated Freight Corridor (EDFC), the Uttar Pradesh government is expecting to get 42,000 crore investment into the state. In the state, almost 57 per cent of the EDFC measuring 1,049 km would traverse across 18 districts, bringing a lot of industrial benefits for the state.
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No proposal to set up more Mahila Banks for now
The Government has established Bharatiya Mahila Bank Limited. The Bank was inaugurated on 19th November, 2013 and is functional at present with its 9 branches at Mumbai (Maharashtra), Kolkata (West Bengal), Chennai (Tamil Nadu), Bengaluru (Karnataka), Lucknow (Uttar Pradesh), Ahmedabad (Gujarat), Guwahati (Assam), New Delhi and Indore (Madhya Pradesh).