Minister of State for Commerce & Industry, EM Sudarsana Natchiappan, informed the Rajya Sabha that the process of land acquisition is in progress for the Delhi Mumbai Industrial Corridor(DMIC) Project. DMIC project consists of various infrastructure projects for development of new industrial cities in the DMI
Category: ECONOMY & POLICY
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Piramal Enterprise to raise Rs 3.75 bn via CPs
Piramal Enterprise plans to raise Rs 375 cr through issue of commercial papers in 3 maturities - October maturity CPs for Rs 50 cr, early November papers for Rs 225 cr and December maturity papers for Rs 100 cr. The paper would carry an interest of 11.75 percent. The company has operations in several segments within healthcare, life sciences and financial
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Ministry sends proposal for infra status to housing sector
Minister for Housing and Urban Poverty Alleviation Girija Vyas informed that the proposal to assign infrastructure status to affordable housing sector was sent for consideration of 'Institutional Mechanism (IM) under the Harmonised Master List of Infrastructure sub-sectors'. The IM was constituted by the Ministry of Finance to consider assigning 'Infrastructure Status' to Affordable Housing Sector. The minister said this in reply to a question in th
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277 central sector projects face delay
Minister of State (Independent) for Statistics and Programme Implementation Srikant Kumar Jena informed Lok Sabha that the ministry monitors 569 central sector projects costing Rs 150 crore and above. He further informed that of these 569 projects, 277 are running behind schedule as on June 1, 2013. These projects are delayed because of law and order problems, delay in land acquisitions, rehabilitation and
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Haryana govt to build affordable housing projects
The Haryana government on August 6 announced an affordable housing scheme in collaboration with private firms to provide 1.25 lakh housing units for lower and lower-middle class population in the state. Under the scheme, the government will issue licences to private players for group housing projects with a few conditions. Private builders would be required to furnish bank guarantee before the project was allotted to them.
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Plea to Mizoram govt to make CSC project a success
The Mizoram government has been urged by the officials of thee Common Services Centre (CSC) Project to take necessary initiatives to drive the project successfully as it has been a successful one in other states. CSC project provides high quality and cost-effective video, voice and data content and services, in the areas of e-governance, education, health, telemedicine, entertainment as well as other private services. The CSC –project is a strategic cornerstone of the National e-Governance Plan
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Govt mulls overseas debt issuance by PSUs
The Indian government is mulling various steps to prevent further depreciation of rupee against the dollar. One of the steps considered by the government is to ask financially strong state-run companies to raise debt from overseas investors. According to one estimate, state-run companies could raise $25-30 billion of capital through issue of bond
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Govt mulls overseas debt issuance by PSUs
The Indian government is mulling various steps to prevent further depreciation of rupee against the dollar. One of the steps considered by the government is to ask financially strong state-run companies to raise debt from overseas investors. According to one estimate, state-run companies could raise $25-30 billion of capital through issue of bond
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Govt to promote affordable housing via novel scheme
Union Minister of Housing and Urban Poverty Alleviation Girija Vyas informed that the government would soon launch the Revised Affordable Housing in Partnership (AHP) scheme. The minister said this while addressing the REALTY 2013, Confederation of Indian IndustryÂ’s (CIIÂ’s) flagship con
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FIIs buy govt stake in state-run firms
The government raised about Rs 23,830 crore offloading stake in 7 state-run firms during 2012-13. 39 percent of this amount came from FIIs, union government said in a press release. Only about 25 percent came from Insurance Companies including LIC and less than 10 percent from banks including Public Sect