Supreme is credited with pioneering several products in India. uPVC SWR drainage system, Aqua Gold high pressure plumbing system, Indo green PPR hot and cold water system, Eco-drain structured wall pipes and Nu-drain underground drainage and sewer system with ready-made inspection chambers and manhole are some of the path-breaking plastic piping products introduced by the company.
Category: ECONOMY & POLICY
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CCI nod sought
Approval of Cabinet Committee on Investment (CCI) is being sought by the Ministry of Coal to expedite development of allocated mining blocks where no cases or FIRs have been filed by the CBI. Since May 2012, the CBI has registered three preliminary enquiries regarding alleged irregularities in coal block allocation and has filed 14 FIRs. Forty seven coal blocks have been deallocated out of 218 coal blocks allocated to public and private firms, holding estimated geological reserves of about 50 bi
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States to get 685 more JNNURM buses
The Union Ministry of Urban Development has sanctioned another 685 buses for states and union territories (UTs) under JNNURM. The approval was given at a meeting of the Central Sanctioning and Monitoring Committee on bus funding and ancillary infrastructure projects under JNNURM in New Delhi recently. A total of 400 buses have been approved for the Union Territory of Chandigarh for the tri-city Chandigarh, Mohali and Panchkula.
Approval was also given for installation of Intelligent Transport
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Telecom prospects brighten
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.
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Telecom prospects brighten
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.
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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.