Media reports indicate that the Korean steel major Posco wants the Indian government to revalidate the environment clearance for the Rs 52,000-crore steel project in Odisha. Although the project was given clearance in 2005-06, that was put on hold subsequently. Following this, the green tribunal visited the site and sent its report to the e
Tag: clearance
Post
Post
PM says govt takes steps to revive investment climate
Prime Minister, Manmohan Singh said the government was addressing many impediments affecting the implementation of infrastructure projects in order to revive the investment climate domestically. He said this during his address at the CII National Conference and Annual General Meeting, in
Post
Govt identifies 12 coal projects for speedy clearance
Union Cabinet Secretary Ajit Seth informed that the government identified 12 coal mining projects with an annual coal production of 36.9 million tonne (mn t) for expeditious clearance within a month. These projects involve an investment of Rs 1,347 crore. Meanwhile, it may be noted that the Cabinet Committee on Investment (CCI) streamlined the proc
Post
Cabinet clears Rs 46 bn worth highway projects
The Rs 2,686 crore Jabalpur-Bhopal road widening project in Madhya Pradesh received the approval of the Cabinet Committee for Economic Affairs recently. The 294-km road project would be taken up on a build-operate-transfer – (BOT-toll) basis. This means the project developer will invest in widening the road and collect toll revenues over the concession period. This is one of the four road widening projects involving a total of 471 km of highways and cumulatively worth Rs 4,61
Post
CCI clears Rs 740 bn worth investment so far
Since the setting up of the Cabinet Committee on Investment (CCI) in January 2013, mega projects worth a total of Rs 74,000 crore, have been cleared by the body. These projects were stalled because of lack of statutory clearances. Many projects in the oil and gas sector, with a cumulative investment of $13.42 billion, were held up because of of objections raised by the Defe
Post
Kerala govt to seek nod from union ministry for Vizhinjam project
Kerala government would formally approach the Union Ministry of Forests and Environment to get clearance for the Vizhinjam deepwater seaport and international transhipment container terminal project. The state government would approach the union ministry after a public hearing is held on the project by the Kerala State Pollution Control Board. The board would hold the hearing once it receives two reports - the environmental and social impact asse
Post
CCI clears investment in 5 oil and gas blocks
Exploration project at five oil and gas blocks, which where stuck as the defence ministry had objected to civilian activity, received approval from the Cabinet Committee on Investment (CCI) recently. Oil and gas exploration projects at several regions were affected by the objection of the defence establishment on concerns of security or proximity to sensitive locat
Post
RBI wants banks to mitigate risks on infra loans
In a communication to banks, the the Reserve Bank of India (RBI) asked lenders to take steps to mitigate loans given for infrastructure projects under the public-private partnership (PPP) model. The RBI asked banks make provisions such as pre-determined increase in user charges for infrastructure projects in order to ensure sufficient risk mitigation. There has t
Post
Cairn India, ONGC to produce oil from Aishwariya field
Cairn India and ONGC, which is a 30 per cent joint venture partner in the former's Aishwariya oil field in Rajasthan, hope to close 2013-14 at a production rate of 200,000-215,000 barrels of oil a day from the field. Aishwariya is the third largest discovery in the Rajasthan block and can produce higher than the current production rate approved under the field development plan.
Post
CCI may clear Rs 500 bn worth projects
Agency reports indicate that Cabinet Committee on Investment (CCI) may clear around Rs 50,000 crore worth projects by March 2014. In 2013-14, India would see many projects coming on stream. Department of Economic Affairs Secretary Arvind Mayaram is quoted as saying this by a leading news agency