The Karnataka government has cleared 10 projects with an investment of over Rs 10,044 crore. The projects are expected to create 14,105 jobs in 10 districts of the state.
Category: ECONOMY & POLICY
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Karnataka to give Rs 8,000 cr farm loans
The Karnataka government has decided to give loans of Rs 8,000 crore to 20 lakh farmers in the state, said the State Co-operation Minister HS Mahadeva Prasad on November 17. The State government has already covered 10.50 lakh farmers and distributed Rs 4,400 crore.
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Patnitop ropeway may get SC’s nod: J&K govt
For the proposed rope-way, connecting Kud with Patnitop, the Jammu & Kashmir government is hopeful to get clearance from the Supreme Court, Jammu and Kashmir government said on November 18.
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PMGSY helps to develop rural economy
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.
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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).