On the back of record oil and gas production and high oil prices, Cairn India on October 22 reported a 46 per cent jump in its September quarter profit.
Category: ECONOMY & POLICY
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Govt may strike a deal on Rs 72,000-cr rapid rail project
India's Rs 72,000-crore rapid rail connectivity project is set to enter the next stage as the Union government and the State governments concerned likely to reach an agreement on cost-sharing of the project. The rapid rail project is to connect Delhi to Panipat (Haryana), Alwar (Rajasthan) and Meerut (Uttar Pradesh).
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Govt to build godowns to roll out food law
The Union government on October 17 allowed construction of intermediary godowns under employment guarantee scheme MGNREGA and has allocated Rs 450 crore for creating 15 lakh tonne of storage capacity across the country by March-end.
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Work begins on Rs 108 cr flyover in Kochi
For the Rs 108-crore Edappally flyover project in Kochi, preparatory works have started. The Kerala Public Works Department (PWD) has begun the land levelling work. The three-month preparatory work will also include the construction of two service roads and new bridges on either side of the existing Edappally canal bridge.
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Work paced up on e’way, underpasses in Noida
In Noida area, work has been paced up on pending infrastructure projects like Faridabad-Noida-Ghaziabad (FNG) expressway, two underpasses, and a multi-level parking lot among others, said the Noida Authority. The Authority on October 16 asked its engineers to speed-up work on all projects, and improve functioning to dispose off public complaints on daily basis.
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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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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.