Securities and Exchange Board of India (SEBI) would decide whether the Undertakings of Government of Tamil Nadu can buy the 5 per cent equity of Neyveli Lignite Corporation (NLC). The decision to offload the central government's 5 per cent equity in NLC was taken at a meeting of the Cabinet Committee on Economic Affairs on June 21. The union government plans to mop up around Rs 700 crore

Media reports say that the Union government has put 23 big-ticket power projects, which were stalled for want of fuel supply linkages and environmental clearances on fast track. These projects are estimated to generate 23,000 mw of power capacity across the country. In addition, over 1,600 km of power transmission lines in central India have also been taken up on a priority basis as part of the first set of private projects being pushed through by a special cell in the cabinet secretariat, which

To develop civil aviation sector and increase air connectivity to Tier-II and Tier-III cities in India, the Union government on June 28 decided to set up 51 new low-cost airports. The State-owned airport operator, Airports Authority of India (AAI), would set up the low-cost airports in 51 cities in 10 states

The Prime Minister Manmohan Singh has approved the commencement of preparatory work on creating an Amritsar-Delhi-Kolkata Industrial Corridor to give a boost to industrial development in the densely populated states of Northern India.

The Prime Minister Manmohan Singh directed that a special cell be created immediately in the Cabinet Secretariat. This cell would be in the nature of a Project Monitoring Group for all large projects,

For development of rural roads in Jammu and Kashmir the Prime Minister Manmohan Singh on June 25 announced Rs 710 crore additional grants. The sum is for land acquisition for expansion and upgradation of rural road network in the state. Singh made the announcement after a meeting with the Council of Ministers of Jammu and Kashmir during which he reviewed the progress of various development projects, especially the Prime Minister's Reconstruction Programme.

Department of Industrial Policy and Promotion (DIPP) will consult with different central government ministries separately on the proposal to raise the foreign direct investment limit in different sectors. It may be recalled that the Mayaram Committee recommended raising FDI limit in almost all sectors to 49 per cent through the automatic

While the government is still assessing the funding requirement for restoring the basic infrastructure like roads and bridges in the flood-hit Uttarakhand, some reports suggest an upward of Rs 10,000 crore may be needed. The worst-affected districts of Rudraprayag, Chamoli, Uttarkashi and Pithoragarh may need at least Rs 10,000 crore for reconstruction of damaged roads and brid

In order to revamp the foreign direct investment (FDI) policy of the country, the government may set up a Empowered Group of Ministers (EGoM). The proposed EGoM may study the Arvind Mayaram committee report, which has suggested a major change in the FDI regime. Mayaram is secretary, economic affairs department, union government