In Arunachal Pradesh, the State's first municipalities-Itanagar and Pasighat have got Rs 5.50 crore budget provision to carry out various activities like maintenance of office establishment and vehicles.
Category: ECONOMY & POLICY
Post
Post
Govt okays Rs 86-cr subsidy to Adhunik Cements
In a move to promote industrialisation in the North Eastern region, the Union government on August 13 approved Rs 86.09 crore subsidy to Adhunik Cements in Meghalaya. The subsidy has been cleared to the company under the Central Capital Investment Subsidy Scheme (CCISS), 2007 of the North East Industrial and Investment Promotion Policy (NEIIPP), 2007, an official release said.
Post
L&T may spin off hydrocarbon business
Larsen & Toubro Hydrocarbon Engineering (LTHEL), which is a wholly-owned subsidiary of Larsen & Toubro (L&T), may be spun off as a separate subsidiary. L&T is seeking shareholders' approval to spin off the subsidiary, which is engaged in designing, engineering, procurement and construction solutions on turnkey basis for oil and gas, petroleum refining, chemicals, petrochemicals and fertiliser sectors and pipelines, among othe
Post
Govt aims to limit CAD at 3.7% of GDP
In a bid to tackle volatility in the currency market, Finance Minister P Chidambaram said the government would work towards limiting the current account deficit (CAD) to 3.7 percent of GDP, or $70 billion in 2013-14.
Further, he said the deficit would be financed fully and safely. In order to restrict the current account deficit to 3.7 percent of GDP, government plans to control demand for impo
Post
Odisha choosen for ICZM phase-II project
The Union government has chosen Odisha among three states for Phase-II of Integrated Coastal Zone Management (ICZM) projects. A high level meeting for preparation of Phase –II project proposal was held by the Ministry of Forest & Environment on August 12 under the Chairmanship of the State Chief Secretary Jugal Kishore Mohapatra in Bhubaneswar. Integrated Costal Zone management Society of Odisha has been formed under Chairmanship of Chief Secretary for smooth functioning of World Bank aided ICZM
Post
Land acquisition in progress for DMIC project
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
Post
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
Post
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
Post
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
Post
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.