A private operator SkyFisher Airways, for the fist time, will soon operate small flights from Varanasi to three cities in Bihar. The service will start either by the end of this month or the first week of June. The 12-seater aircraft would make to and fro flights connecting Patna, Gaya, Bhagalpur and Varanasi in its first phase, officials concerned said.
Tag: Bihar
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Plan panel agrees on Rs 340 bn outlay for Bihar
During a meeting between Deputy Chairman of the Planning Commission Montek Singh Ahluwalia and Bihar Chief Minister Nitish Kumar, a plan outlay of Rs 34,000 crore was fixed for the state in 2013-14. This outlay is 34 per cent higher than the previous fiscal. The central government agreed to release Rs 12,000 crore through Backward Region Grant Fund during the 12 th Plan (2012-2017). This fund is to be used mainly for ene
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Bihar govt takes steps to bridge power deficit
Bihar government is taking steps to bridge the power shortage in the state by resorting to open market purchase of power, signing power purchase agreement (PPA) with producers etc. The Bihar State Power (Holding) Company Limited (BSPHCL) signed a power purchase agreement (PPA) with
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Bihar CM plans to complete metro rail project by 2016
Bihar Chief Minister Nitish Kumar plans to complete the proposed Rs 8,000 crore metro rail project in Patna by 2016. Reports indicate that the state government would ask Rail India Technical and Economic Service (RITES) to conduct a survey on the proposed project, which may cover a distance of 40-kilometre
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Bihar clears plan to source gas from Rs 75 bn project
In a move that may enable setting up of new industries and power plants, Bihar government cleared a plan to source natural gas from the proposed Jagdishpur-Haldia gas pipeline. The state cabinet approved the plan to sign a Memorandum of Understanding (MoU) with Gas Authority of India (GAIL) for sourcing gas from the pipeline, which will pass through four districts of Bihar: Gaya
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IWAI to rope in contractor for ferrying coal
According to data available with the Inland Waterways Authority of India (IWAI), about 55 million tone of cargo is being moved annually by Inland Water Transport (IWT), a fuel - efficient and environment -friendly mode.
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MFIs improve access to financial services in Bihar, UP
Reports suggest that some microfinance institutions (MFIs) like Cashpor and Utkarsh are successfully meeting the financial service needs of rural areas in north India, especially Bihar and Uttar Pradesh. Some reports suggest that in the next few years, people in Eastern Uttar Pradesh and Northern Bihar will have
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Utkarsh may get funding from existing investors
Utkarsh Micro Finance may receive capital infusion from its existing investors in order to support its business expansion plan in the low-income states of Uttar Pradesh and Bihar. International Finance Corporation (IFC), Aavishkaar Fund II and Norwegian Microfinance Initiative are the existing investors in the microfinance
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Gammon gets uderwriting of financial closure for 5 road projects
Gammon Infrastructure has secured underwriting for the financial closure of five highways projects in Bihar, Andhra Pradesh, Madhya Pradesh, Orissa and Haryana, which is likely to help the developer tie up funds easily and enable faster pace of progress.
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Pristine Magadh gets land for dry port project in Bihar
Delhi-based Pristine Magadh Infrastructure received a 24 acre land of Bihta Sugar Mill in Bihar for setting up a logistics cum industrial park, which is expected to be operational by October 2013. The state government leased the land for 60 years with an extension period of 30 years. Neighbouring Uttar Pradesh has dry ports at Dadri, Ghaziabad and Kanp