Private companies are likely to invest Rs 4,250 crore in airports at Chennai, Lucknow, Kolkata, Ahmedabad, Guwahati and Jaipur. The Union government has identified these airports for privatisation in the current financial year.
Tag: 2013
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NHAI to spend Rs.11,885 cr
For its many projects, the National Highways Authority of India (NHAI) has set an expenditure target of Rs 11,885 crore for this 2013-14 fiscal. The planned expenditure includes its flagship road building scheme National Highways Development Project (NHDP) as well
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Odisha top investment destination
Latest data released by the Reserve Bank of India (RBI) say that for new projects Odisha has emerged as the hottest investment destination as investor interest in prosperous states such as Maharashtra, Gujarat, Karnataka
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Nabard’s offer to TN infra projects
For developing several infrastructure projects in Tamil Nadu, the National Bank for Agriculture and Rural Development Bank (Nabard) has committed a financial support of Rs 1,500 crore to the state during the current fiscal.
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ADB loan to Rajasthan
To boost Rajasthan's renewable energy capacity and to construct a power transmission system in the state, the Asian Development Bank (ADB) has agreed to provide a loan of $500 million.
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CAD to be under control
RBI Governor, Raghuram G Rajan has said that the current account deficit (CAD), which was going to take the country to crisis, is likely to be under control for the time being.
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Migration policy to aid PPP projects at major ports
To help 15-20 public-private partnership (PPP) projects at major ports in the country, the Union Government is set to announce a 'migration policy'. The new policy will be applicable for PPP projects signed on the basis of 2005 guidelines, the Union Shipping Secretary, Vishwapati Trivedi has said.
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Fresh iron ore mining ban in Goa
Fresh mining of iron ore has been banned in Goa by the new mineral policy in the state. The Goa Mineral Policy was notified on September 28.
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Bill for speedy dispute resolution
For speedy resolution of the public-private partnership (PPP) disputes, a draft bill is being prepared by the Planning Commission. The Commission will soon finalise the bill to place it before the Cabinet for approval, reports indicate.
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Jaipur Metro to get Central funding
The Union Urban Development Secretary Sudhir Krishna said that the Union government is to make equity investment in Jaipur Metro, which till now, was funded by the state government. The proposal will be put forth Union Cabinet soon, he said without revealing further details.