Owing to cost overrun, the cost of railway projects across the country has risen from Rs 36,930 crore to Rs 91,902 crore. This is around 148 per cent rise in expenditure or about Rs 55,000 crore, reports indicate.
Tag: Bihar
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Dena Bank to strengthen in east
Ashwani Kumar, Chairman and Managing Director of Dena Bank said the bank decided to strengthen its footprint in the eastern part of the country especially in West Bengal and Bihar.
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Indo-Nepal border road in Bihar to aid SSB for guarding
In Bihar, foundation has been laind for a new 552.3 km road on porous Indo-Nepal border and when completed it would help security personnel of Shashtra Seema Bal (SSB) to guard the border more effectively. The foundation was laid by Union Home Minister Sushil Kumar Shinde in the presence of Chief Minister Nitish Kumar at Supual on June 25. The two-lane road, which will be parallel to east-west corridor, is first on the unfenced Indo-Nepal borders and would allow SSB personnel reach border outpos
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World Bank gives $84 mn loan for Bihar project
An agreement for credit of $84 million (equivalent) from World Bank for the Bihar Panchayat Strengthening Project was signed. Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance signed on behalf of Government of India and Michael Haney, Operations Advisor, World Bank, India on behalf of the World Bank. On behalf of Government of Bihar, Amitabh Verma, Principal Secretary, Department of Panchayati Raj signed the
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Bihar to build 552 km Indo-Nepal border road at 3,547 cr
In Bihar, an Indo-Nepal border road of 552 km will be constructed and the foundation stone to the road work was scheduled to lay by Union Home Minister Sushil Kumar Shinde at Gairya Chowk, Saraigarh, in Supaul district on June 25.
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Bihar to execute key construction work in FY14
The building construction department (BCD) of the Bihar government, which has a plan size of over Rs 78 crore for 2013-14, is set to develop key construction works including Bihar Museum, International Convention Centre and MLA or MLC flats etc. The department will also implement the expansion of secretariat, police headquarters building and employment exchange among others
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Dena Bank to strengthen presence in eastern regions
Ashwani Kumar, Chairman and Managing Director of the state-run Dena Bank said the bank decided to set its footprint in the eastern part of the country especially in West Bengal and Bihar. The state-run bank, which is predominantly present in the western part of the country, is turning to east as the region appears less crowded and shows opportunity
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SJVN plans power projects worth Rs 9.8 bn in FY14
RP Singh, Chairman of SJVN informed that the firm may invest about Rs 986 crore on several projects, including wind and thermal during 2013-14 compared to Rs 796 crore invested in the previous fiscal. Singh informed this during a conference call with analysts. Most of the Rs 796 crore spent last year went to its 412 mw Rampur hydro electric project in Himachal Prad
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MFIs exercise caution on lending to MLMs
Microfinance institutions (MFIs) in the country have reportedly started scrutinising the investment of their large borrowers following the Saradha chit-fund scam. While so far MFIs were verifying the client profile mostly through word-of-mouth from group members, now they are seeking data on investments from borrowers who invested in multi-level-marketing (MLM) companies. Som
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Nitish lays foundation for Rs 30 cr bridge on Kamla Balan
Bihar Chief minister Nitish Kumar visited a remote village, Thengha, under Tardih block of the Madhubani district and laid the foundation stone for a bridge over the Kamla Balan river on the second day of his Seva Yatra on May 18. The bridge would connect Thengha village with Madhepur block headquarters in Madhubani district.