In the year 2000, the Union government launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) to connect IndiaÂ’s smaller villages to nearby towns, all through the country. The ministry of rural development has been in charge of the scheme, with the Planning Commission playing its usual role.
Category: ECONOMY & POLICY
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Plea to Karnataka govt for new industrial policy
The Karnataka government should bring out its new industrial policy in tune with the rapidly changing economic environment. This requisition has been made by the Bangalore Chamber of Industry and Commerce (BCIC). The BCIC has submitted a memorandum to the State government in this regard.
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Govt urged to decide early on pvt security agencies
For issue of arms licenses on retainership basis to private security agencies the government should come out at the earliest, with guidelines, industry body Federation of Indian Chambers of Commerce & Industry (Ficci) has said.
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India to extend 1.5 bn to Bhutan for development works
For various development works in Bhutan, Indian government will provide funds worth Rs 1.5 billion to Bhutanese government. Bhutan's economic body Gross National Happiness Commission on November 13 signed 10 cheques of Rs 1.5 billion with Indian government officials.
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Goa to earn Rs 1,500-cr by selling extracted iron ore
From the e-auctioning of extracted iron ore, the Goa government is expecting to earn a revenue of Rs 1,500 crore. The iron ore is lying at various jetties and mining sites in the state as the mining ban in imposed by the Supreme Court.
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Gayatri posts Rs 21-cr profit in Q2
Hyderabad-based Gayatri Projects has posted a net profit of Rs 20.84 crore for the second quarter ended September 30, 2013 against a profit of Rs 12.92 crore for the corresponding period last year.
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Sanmar to raise Rs 250 cr to cut its debt
To cut its promoters' debt and expand its chemical business, Chennai-based chemicals-to engineering conglomerate Sanmar group will raise Rs 250 crore from American private equity fund Kohlberg Kravis Roberts (KKR).
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Centre proposes big projects for Seemandhra
The Centre, in an effort to assuage the Seemandhra people, following its decision to bifurcate Andhra Pradesh to create Telangana, is pushing for big-ticket projects and other sops keeping in view that Vijayawada may be proposed as the capital of the Seemandhra region.
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Economic integration key to foreign policy: PM
While addressing the Annual Conclave of Indian Ambassadors and High Commissioners in Delhi, Prime Minister Manmohan Singh said on November 4 that economic integration has become a crucial element in India's evolving foreign policy. He said developmental aspects have come to govern IndiaÂ’s strategic relationship with other countries.
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Govt to launch IPDS at Rs 500 cr in 12th Plan
During the 12th Five Year Plan, the Union Cabinet Committee on Economic Affairs has approved the launching of a new Integrated Processing Development Scheme (IPDS) with a total cost of Rs 500 crore and to establish four to six brown field projects and three to five green field projects addressing the environmental issues faced by textile processing units.