Rajiv Takru, Secretary, Financial Services department of the union finance ministry informed that the government formed a special group headed by an officer in the Cabinet Secretariat to monitor each of the stalled projects. He exuded confidence that the economy will recover from the current slowdown in the next three-six months. Owing to reasons like administrative delays, lack of environment clearances, 215 projects are stalled at vario
Category: ECONOMY & POLICY
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EXIM bank okays loan for 3 Nepal hydel projects
Export-Import Bank of India (EXIM Bank of India) has approved a soft loan support to Nepal for the development of three hydro projects. The loan worth is $155 million. The Bank approved projects are: Rahughat Hydropower Project, Koshi Corridor Transmission Line Project and Solu Corridor Transmission Line Project. Nepal's Ministry of Finance (MoF) received a formal letter from the bank on June 3.
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Aban Offshore to raise Rs 4,500 cr to repay debt
Offshore drilling and oil field service provider Aban Offshore is planning to raise more than Rs 4,500 crore through various market instruments to replace a portion of its expensive debt. Aban Offshore has a total debt of more than Rs 13,000 crore and has been struggling to repay its debt. The Reji Abraham-promoted company is now looking to raise Rs 2,200 crore through issue of FCCBs and GDRs and is also looking to raise an additional 2,500 crore through issue of shares to qualified institutiona
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Aban Offshore to raise Rs 4,500 cr to repay debt
Offshore drilling and oil field service provider Aban Offshore is planning to raise more than Rs 4,500 crore through various market instruments to replace a portion of its expensive debt. Aban Offshore has a total debt of more than Rs 13,000 crore and has been struggling to repay its debt. The Reji Abraham-promoted company is now looking to raise Rs 2,200 crore through issue of FCCBs and GDRs and is also looking to raise an additional 2,500 crore through issue of shares to qualified institutiona
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The silent underdog
The PMGSY has been a remarkable scheme, with substantial potential in ushering in the much-needed bottom-up reforms. Despite its obvious effectiveness in various economic, social and business domains, availability of funds and trained resources
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In the eye of a revolution
IndiaÂ’s greatest need is for an effective and economically viable cold chain solution that will totally integrate the supply chains for all commodities from the production centres to the consumption centres, thereby reducing physical waste and loss of value of perishable commodities, writes Rai Umraopati Ray.
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World’s first hybrid reach stacker
Konecranes has introduced the world's first hybrid reach stacker, the SMV 4531 TB5 HLT for container handling, with a lifting capacity of 45 tonne. It features a hybrid diesel/electric driveline, electrified hydraulic lifting system, and a super capacitor based energy storage.
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Quick and comfortable
Quicom is a Transit-Oriented Development project, one of the largest unsolicited business model proposal for Mumbai to redevelop all 114 railway stations across local railway network under Public-Private-Partnership (PPP) mode.
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Civil nuclear pact
India and Japan agreed to speed up talks on a deal to allow Japan to export nuclear plants and to strengthen security cooperation as both countries keep a wary eye on China's military clout.
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Vizhinjam project master plan
The master plan and detailed project report (DPR) for the proposed Vizhinjam container terminal and international port project in Kerala was released by the state Chief Minister Oommen Chandy.