The genesis of the DFCs could be because taking care of the two requirements of passenger and freight is a difficult task for Indian Railways. RK Gupta, Managing Director, Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), talking with Sumantra Das, says new technology that the DFCs are adopting will be pilot projects for the Railways.
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Steel sector not to be hit by cancellation of projects
The decision of global steelmakers ArcelorMittal and Posco to scrap their India projects will not upset the demand supply equilibrium in the country in the short to medium term, according to some top domestic steelmakers. With economic growth in India slowing, the consumption of the alloy, a key input for industries such as infrastructure, automobiles and consumer goods, is exp
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Govt in favour of dividing CIL into smaller units
Coal Minister Shriprakash Jaiswal is quoted as saying in a media that the government is prepared to divide the largest coal miner in the world Coal India (CIL) into smaller companies. The resulting small companies would compete with each other if experts feel that such a move is good for the country, the minister is quoted as saying
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Maharashtra govt wants centre to clear housing bill
Maharashtra government would request the central government to clear the Maharashtra Housing (Regulation & Development) Bill 2012, which is pending for Presidential assent since last year. The bill, which was cleared by the state legislature, is awaiting the approval of the central government and the nod of the President
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SCI to assist GAIL India ferry LNG from US
Shipping of Corporation India (SCI) agreed to assist GAIL (India) in the charter hiring of LNG ships for transportation of 5.8 million tonne per annum of LNG. GAIL entered into a memorandum of understanding (MoU) with SCI to transport the 5.8 mn t LNG per annum from Sabine Pass and Cove Point terminals in the US
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Port projects worth Rs 67 bn awarded in FY13
During 2012-13, 32 port projects worth Rs 6,765 crore investment were awarded in the country resulting in capacity addition of 136.75 mn tpa. Union shipping ministry is intends to raise the capacity at major ports through the Public Private Partnership (PPP) mode for construction of berths or terminals or jetties and mechanization of berths for cargo
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Survey expects rebound of economy
The Economic Survey for 2012-13 expects the Indian economy to grow between 6.1 and 6.7 per cent in 2013-14, which is higher than the advance estimate of 5 per cent growth in the current financial year. The survey has given a relatively wide range for growth
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BP plans to double gas output in JV with RIL
In partnership with Reliance Industries (RIL), British energy major BP plans to double its existing gas production of around 29 million metric standard cubic meter per day (mmscmd) to 60 mmscmd in the next 3-5 years in the Krishna Godavari basin. In order to attain this production growth, the company sought approval from the union oil ministry for over 5 trillion cubic feet (tn cf) of discovered gas resources in the K
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Six-lane road to ease Mukarba Chowk traffic
Public Works Department (PWD) of the Delhi Government has envisaged a grandiose plan to decongest Mukarba Chowk in North-West Delhi. It has planned to construct an additional six-lane road on the other side of the supplementary drain from Sanjay Gandhi Transport Nagar at Mukarba Chowk to Wazirabad along the National Highway-1.
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MMC receives funding for civic projects
Mormugao Municipal Corporation (MMC) is said to have been approved Rs 1.73 crore grant for development of various projects in the town. Besides, the civic body received Rs 1.75 crore as octroi, and 3.8 crore for door-to-door waste collection. An amount of about 7.28 crore will be further sanctioned to it, Go