Union Ministry of Environment and Forests is coordinating with concerned state governments to expedite forest clearance for 20 railway projects, which are delayed across various zones. Minister of State for Railways Adhir Ranjan Chowdhury said his ministry was pursuing these cases with environment ministry
Category: ECONOMY & POLICY
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The Big 5 Construct India 2013
he Big 5 Construct India 2013 held at the Bombay Exhibition Centre in Mumbai recently drew attention of the construction and infrastructure sector. The event showcases new global products and technologies in product sectors. The Big 5 Construct India 2013 was organised by the Federation of Indian Chambers of Commerce and Industry (FICCI)
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Rs 1,000 cr mega projects are facing delays: Report
According to a report of the Union Ministry of Statistics and Programme Implementation 46.8 per cent (97) of 207 projects classified as mega infrastructure projects costing more than Rs 1,000 crore are facing delays. The data also stated that till May the delayed projects saw a cost overrun of 11.8 per cent from the originally sanctioned Rs 6.99 lakh crore to Rs 7.81 lakh.
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Polavaram dam is for irrigation of Rabi, perennial crops as well
As per the information furnished by the Government of Andhra Pradesh, some Telengana leaders have represented the case related with alternative design of Polavaram Project. The proposal submitted by T. Hanumanth Rao, former Engineer-in-Chief, Andhra Pradesh and UN Consultant was examined by the State Government and found not feasible both technically and economically.
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GAIL India faces delay in pipeline project
The 900 km gas pipeline project of GAIL India is facing delay because of land acquisition issue in Kerala and Tamil Nadu. It is learnt that GAIL has so far completed only 30 km of the pipeline. GAIL India is constructing a 505 km pipeline through Kerala, 310 km through Tamilnadu and 85 km through Karnataka
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Current Account Deficit will be at 3.7% of GDP: Govt
The Union Finance Minister P Chidambaram has recently told the Parliament that his Ministry has taken several measures to ensure the Current Account Deficit (CAD) be fully and safely financed in the current year. If the CAD is contained at $70.0 billion, it will amount to 3.7 per cent of GDP (as against 4.8 per cent in 2012-13), Chidambaram said.
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Rupee weakness puts upward pressure on interest rates
Interest rate in India is rising on the back of the steep decline in the value of rupee against the dollar in recent months. Experts feel that the depreciating rupee raises domestic interest rate through three ways. First, in order to discourage speculation in the currency market, Reserve Bank of India (RBI) tightens liquidity and raises shor
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Cabinet may consider approval for large projects
Union cabinet may consider approval for several large-sized infrastructure projects, costing at least Rs 1,000 crore, to ensure expeditious clearances. Union finance ministry is learnt to have sought specific comments from the concerned ministries on pending approvals
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Centre receives proposals for monorail projects
The Tamil Nadu government sent a proposal to the central government for a Chennai City mono rail project. The state government decided to implement Phase 1 of the Chennai Monorail Project of a total length of 57.09 km
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Supreme Infra bags Rs 1,111 cr orders
Supreme Infrastructure India has bagged orders worth Rs 1,111.90 crore. In West India, in Mumbai, Supreme Infra has secured Rs 150 crore contract for a Sewage Treatment Plant at Bhayendar and Rs 145.4 crore contract from MSEDCL in joint venture with Patwari Electricals.