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
Tag: capital
Post
Post
SBI expects credit to grow a maximum of 16%
Pratip Chaudhuri, Chairman of State Bank of India (SBI) informed that the bank may achieve a deposit growth of 14 -16 per cent and a loan growth of a maximum 16 percent in 2013-14. In 2012-13, the largest public sector bank posted 15 per cent and 21 per cent growth in deposits and adva
Post
Assam gets Rs 125 bn outlay for FY14
For the financial year 2013-14, Assam received a plan outlay of Rs 12,500 crore which was cleared by the Planning Commission. This is 19 per cent higher than the allocation of Rs 10,500 crore in 2012-13. The outlay was agreed at a meeting of Assam Chief Minister Tarun Gogoi with Planning Commission Deputy Chairman Montek Singh Ahluwalia.
Post
SAIL’s expansion project faces delay
The Parliamentary Standing Committee on Coal and Steel expressed concern about the lack of progress in the production performance of the Steel Authority of India (SAIL). During each of the last four years, the firm's production remained stagnant around 14.5 mn t of hot metal, 13.6 mn t of crude steel, 12.8 mn t of saleable stee
Post
SBI sees relief in exposure to steel firms
In an interview to a leading media, Pratip Chaudhuri, Chairman of State Bank of India (SBI) said the bank's entire exposure to the steel sector which were either NPA or restructured have now become standard. The stress on the bank's asset in this sector got reduced because of improvement in the supply of raw material to steel companies. It may be noted that the sup
Post
Govt supports dredging projects of major ports
Union Minister for Shipping GK Vasan informed the Lok Sabha that his ministry provides budgetary support to major ports to undertake capital dredging projects. He said the three major ports i.e. Chennai, Ennore and Vishakapatnam have navigational channel having more than 17 metre draft and are capable of handling larger vessels. Also, the government has been providing subsidy to meet the cost of maintenance dredging in Kolkata Port whi
Post
SAIL undertakes expansion project
The Minister of Steel, Beni Prasad Verma informed that the Steel Authority of India Limited (SAIL) has undertaken modernisation and expansion plan at its five integrated steel plants Bhilai Steel Plant (BSP) at Bhilai, Bokaro Steel Plant (BSL) at Bokaro, Rourkela Steel Plant (RSP) at Rourkela, Durgapur Steel Plant (DSP) at Durgapur and IISCO Steel Plant (ISP) at Burnpur and Spe
Post
Ahluwalia says capital markets made significant progress
Planning Commission Deputy Chairman Montek Singh remarked that the Indian capital market made a significant progress since Sebi was formed in late 1980s and going forward it needs to be even more benchmarked against global standards. He also opined that the domestic capital market withstood the pressures of the time very well and has come a long way over the
Post
Ahluwalia says capital markets made significant progress
Planning Commission Deputy Chairman Montek Singh remarked that the Indian capital market made a significant progress since Sebi was formed in late 1980s and going forward it needs to be even more benchmarked against global standards. He also opined that the domestic capital market withstood the pressures of the time very well and has come a long way over the
Post
Muted response to bond issues attributed to weak mkt condition
Union Shipping Minister GK Vasan informed Lok Sabha that some ports in the country received muted response for their tax-free bond issues mainly on account of weak market sentiments and low coupon rates. While Jawaharlal Nehru Port (JNPT) wanted to raise Rs 2,000 crore through issue of tax-free bonds, the actual subs