EAfter holding consultation with Indian companies, especially in the infrastructure sector, the government may relax guidelines for accessing funds through external commercial borrowing (ECB).
Category: ECONOMY & POLICY
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DCI plans to spend Rs 19 bn
In the 12th Five Year Plan (2012-17), Dredging Corporation of India (DCI) has planned a capital expenditure of about Rs 1,972 crore. This includes placing order for two more 9,000 cu m capacity dredgers.
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New definition of control
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Department of Industrial Policy & Promotion for amendment to the existing definition of "control" under the FDI policy.
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Steering Group finalises deadline
A meeting of the Steering Group appointed by the Prime Minister to accelerate infrastructure investment in its first meeting has finalised deadlines with time lines for the intermediate steps for key infrastructure projects.
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L&T bags Rs 8,250-cr order from Saudi Arabia
L&T Construction's Heavy Civil Infrastructure Business has bagged a contract worth $1.403 billion (Rs 8,250 crore) from Riyadh Development Authority for a metro project in Saudi Arabia.
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L&T bags Rs 8,250-cr order from Saudi Arabia
L&T Construction's Heavy Civil Infrastructure Business has bagged a contract worth $1.403 billion (Rs 8,250 crore) from Riyadh Development Authority for a metro project in Saudi Arabia.
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Infra projects in North East
Planning Commission was directed to convene a meeting of all the chief ministers of the north-eastern states to expedite key infrastructure projects. The meeting is intended to improve inter-state coordination for speedy completion of the projects.
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BSNL needs Rs 40,000 crore in 5 years
BSNL in an estimate said that it needs to invest around Rs 40,000 crore in the next five years to become profitable. In order to retain its market share, BSNL is required to provide 182 million connections by 2017-18,
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Policy stimulus to real estate sector to continue: Minister
Union Minister for Housing & Urban Poverty Alleviation Girija Vyas has stated that the government will continue to play a pioneering role in providing policy stimulus to real estate sector. She was delivering her key note address on the theme of 'Reality Favours the Brave –Surviving Against All Odds' at the 13th National Convention of of Confederation of Real Estate Developers’ Associations of India (CREDAI) at Moscow on July 27. She exhorted the realty sector to come forward to supplement the G
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PSUs invest Rs 1.2 trillion in FY13
Speaking at the annual general meeting of the industry chamber Associated Chambers of Commerce and Industry (Assocham), Prime Minister Manmohan Singh said major state-run firms invested about Rs 120,000 crore in 2012-13. He said this to dismiss the popular notion that public sector undertakings (PSUs) werenÂ’t investing despite sittin