Ennore Port in Tamil Nadu suggested the state government to use a stretch of land for laying a rail link connecting the port to Nemilicheri, and eventually connecting the Chennai-Bangalore rail link. The 62-km ORR from Vandalur to Minjur is 125 m in width. A provision of 25 m had been made in the middle of the road for a possible railway link. Ennore Port suggested use of this space for constructing the
Tag: fund
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Ennore Port suggests use of land for rail link project
Ennore Port in Tamil Nadu suggested the state government to use a stretch of land for laying a rail link connecting the port to Nemilicheri, and eventually connecting the Chennai-Bangalore rail link. The 62-km ORR from Vandalur to Minjur is 125 m in width. A provision of 25 m had been made in the middle of the road for a possible railway link. Ennore Port suggested use of this space for constructing the
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Ministry proposes 50% grant for dredging projects
The union shipping ministry made a proposal to give up to 50 per cent of the capital dredging costs of ports as grants from the centre. Currently, there are no standard norms for budgetary support for dredging to ports. As a result, some ports get budgetary support, while some fund dredging from thei
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Ministry proposes 50% grant for dredging projects
The union shipping ministry made a proposal to give up to 50 per cent of the capital dredging costs of ports as grants from the centre. Currently, there are no standard norms for budgetary support for dredging to ports. As a result, some ports get budgetary support, while some fund dredging from thei
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IIFC calls for popularising tax-free bonds
Harsh Kumar Bhanwala, Executive Director, India Infrastructure Finance Corporation (IIFC) stressed on the need to create awareness on tax-free bonds to facilitate growth in the infrastructure sector. He also said that IIFC, which has an outstanding credit of Rs 25,000 crore, plans to go for second round of fund raising in March
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IIFC calls for popularising tax-free bonds
Harsh Kumar Bhanwala, Executive Director, India Infrastructure Finance Corporation (IIFC) stressed on the need to create awareness on tax-free bonds to facilitate growth in the infrastructure sector. He also said that IIFC, which has an outstanding credit of Rs 25,000 crore, plans to go for second round of fund raising in March
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World Bank lends $60 mn for water project
World Bank agreed to lend $60 million for the Karnataka Watershed Development Project II (KWDP II), which aims to improve watershed planning and management in project areas. An agreement to this effect was signed between the World Bank and the state government. To be implemented across seven districts of Karnataka, the project will improve government wate
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State-run banks may get around Rs 200 bn from govt
Media reports suggest that the government may infuse around Rs 20,000 crore into state-run banks in 2013-14 so that they comply with the capital adequacy conditions of Basel III norms. It is learnt that public sector banks (PSBs) have demanded the above amount for the next financial year from
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Cabinet gives in principle nod for Rs 385 bn road projects
In order to cover unconnected habitations in Naxal-affected districts and areas of Arunachal Pradesh bordering China, union cabinet gave "in principle" approval for Rs 38,500 crore road projects. These projects would be implemented in 82 Naxal-affected districts where the population is 100 persons and above (as per the 2001 census) and areas of Arun
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Private equity firms face challenging times
Industry sources feel that private equity investors in the country are going through a challenging period. It is learnt that the return on investments made after 2006 has not been very encouraging even after about six years. Moreover, funds are finding it tough to exit from portfolio companies in an economy that is experiencing slowdown. This is forcing firms to cut down on expensive hum