The government-owned companies have a surplus cash of more than Rs 3 lakh crore. Now the Union government is planning to utilise this surplus amount for executing infrastructure projects and investing in expansion of such projects.
Category: ECONOMY & POLICY
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Govt firms’ Rs 3 lakh cr surplus money to be used for infra
The government-owned companies have a surplus cash of more than Rs 3 lakh crore. Now the Union government is planning to utilise this surplus amount for executing infrastructure projects and investing in expansion of such projects.
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Chennai-Blore corridor may link Kerala too
Union Minister of State for Commerce and Industry, EM Sudarsana Natchiappan has said that the possibility of linking Kerala with the Chennai-Bangalore industrial corridor project was being examined by the Japan International Cooperation Agency (JICA).
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National competition policy is needed: CCI
Competition Commission of India (CCI) has emphasised on the need to adopt National Competition Policy. The Commission Chairman Ashok chawla was speaking at a seminar on 'National Competition Policy; Second Big Wave of Reforms,' organised by Consumer Unity & Trust Society (CUTS) International at Delhi recently.
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Vessel agents plea for effective cargo traffic
The Sailing Vessel Agents and Shipment Contractors Welfare Association has stated that traditional cargo traffic via sea from Beypore in Kerala to Lakshadweep should be made more prompt and effective with the coming of Id-ul-Azha.
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Govt offers sops to FAB manufacturers
The Union government has decided to apprise all semiconductor wafer fabrication (FAB) manufacturers of the quantum of subsidy/other benefits/support being offered for establishing FAB manufacturing facilities in India.
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Bonatrans to invest Rs 200 cr on wheel factory
With Rs 200 crore foreign direct invesment (FDI) a rail wheel manufacturing factory will be built in Maharashtra's Aurangabad by Bonatrans, a Czech wheel and axle manufacturing company. The Indian Railways, which has already have such a wheel and axle factory in Bangalore, has succeeded to attract the FDI from Bonatrans.
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Govt to build 3,862 Rajiv Awas Yojana houses in Haryana
Under the Rajiv Awas Yojana, the Union government has given approval to include Ambala, Sirsa and Rohtak towns of Haryana to build 3,862 houses at a cost of Rs 250 crore in the three towns.
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Nod to Universal Electronic Accessibility policy
The Union Cabinet recently approved the National Policy on Universal Electronic Accessibility that recognises the need to eliminate discrimination on the basis of disabilities as well as to facilitate equal access to electronics and Information and Communication Technologies (ICTs).
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Innovative solutions
Back in the early 1990s, when the other tire companies in India were busy producing highway tires for mass use mostly, the leaders at Balkrishna Industries (BKT) foresaw a unique opportunity in international business and audaciously initiated production in the off-highway segment.