The government in Karnataka has been considering various proposals-including the Global Investment Meets-that have promised much to the industry. But in reality, not much has happened from the government and the industry.
Category: ECONOMY & POLICY
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SEDB appoints new Asia-Pacific Director
The Singapore Economic Development Board (SEDB) has announced the appointment of Koh Jin Hoe as its new International Director (Asia Pacific). Jin Hoe replaces Lee Eng Keat, who had held the position since April 2010
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Bhupali Gursale: Views on WPI Inflation for December 2013
WPI inflation has decelerated substantially driven by easing of inflation in food articles. Food inflation has moderated to 13.7% from 19.9% in the previous month led by cooling vegetable prices and the normalization of their prices is likely to continue.
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Government capex picks up, private sector remains muted
The governmentĂâs capital expenditure has been increasing by 29 per cent quarter-on-quarter, steadily over four quartersĂâas the December quarter figure of Rs 1 lakh crore indicates. Centre for Monitoring Indian Economy (CMIE) data indicates that the investment for the third quarter is the highest record in the last six quarters
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Setting quality and innovation benchmarks in plastic piping
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.
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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.