Tag: Central government

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Centre initiatives for ship repair industry

Centre initiatives for ship repair industry

Government has taken steps to promote ship repair industry in India which include:
Service tax exemption granted by the Central Government for repair of foreign going vessels by Indian shipyards to reduce operational costs of ship repair units

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Constructing path for infrastructure development

Constructing path for infrastructure development

The Securities and Exchange Board of India (SEBI) has approved new norms for issuance and listing of municipal bonds or Muni bonds on stock exchanges. The decision will help raise funds for infrastructure projects and the government´s smart cities initiative.

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Delays, cost overruns plague infrastructure projects

Delays, cost overruns plague infrastructure projects

Four out of every 10 Central Government infrastructure projects are running behind schedule or have overshot original cost estimates, providing evidence of the heavy toll taken on project execution by delayed regulatory approvals, financial constraints and stalled land acquisition.

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Decoding the New Legislation

Decoding the New Legislation

The current legislative framework in relation to eligibility with respect to coal mining in India is the Coal Mines (Nationalization) Act, 1973 (´CMN Act´). Under the CMN Act, nationalization of coal mines was completed in two phases.

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Coal Ministry to settle project related issues

Coal Ministry to settle project related issues

The Coal Ministry has informed the PMO that it is making all efforts to resolve the issues related to various mining projects at the Central as well as State level. The Ministry said it has also set up a portal on the lines of Project Monitoring Group to monitor the progress of mines.

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Revamping Public Sector Units

Revamping Public Sector Units

Public Sector Units (PSUs) in India have been amassing losses, both at the Central and State levelù79 State-run companies had an accumulated loss of Rs 55,656 crore in 2012-13; while at the same time, investment in these companies is approximately Rs. 1.57 lakh crore.

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Transport planning central to urban planning

Transport planning central to urban planning

At a time when urban mobility has emerged as a major concern and the Central government is set to launch new initiatives for building 100 smart cities and renewal of 500 cities and towns, a conference of planners, experts and other stakeholders have opined that Metro rail transport, building more roads, flyovers, elevated highways etc.,