In a filing at the Bombay Stock Exchange (BSE), UCO Bank informed that its board cleared a proposal to raise Rs 681 crore by issuing equity shares on preferential basis in favour of Government of India (GoI). Thus, the bank would issue equity shares on preferential basis for an amount aggregating to the tune of Rs 681
Tag: Government of India
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Heading for a revival?
Development of infrastructure is vital for the progress of Indian economy. However, a collective support of other sectors is required to achieve its goal. The year just gone was shaded with the dark patches of issues like slowdown and lack of policy initiatives. However, a realistic approach in policy frame work and the revival of the global economy can uplift the sentiments of the industry in the coming years. Arvind Mahajan writes on the performance and outlook of India's infrastructure sector
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Govt should review taxtion issues for better road infra
Sustaining interest of private players in India’s road sector is of paramount importance. For doing so if the government needs to make some small sacrifices in the immediate future, it is indeed worth as this will reap rich dividends in the future through overall development of the economy—and tax reforms will go a long way in this direction, proposes Hemant Kanoria.
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Are our Port Trusts relevant?
Private sector participation in development and operations of ports has increased considerably over the last few years resulting in a radical change in the organisational model of ports. The change has permeated to some extent into the Indian ports sector in the last decade. But not so when it comes to ports managed by the Port Trust system, writes Janaki Krishnamoorthi. The Government of India which administers the major ports has realised the port restructuring is essential to attract large
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Is smart grid the solution to blackouts?
For greater acceptability of smart systems in India, there is a need to tailor smart grid solutions to Indian conditions, define expected benefits of such solutions,
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Platform for new business avenues
Ministry of Shipping, Government of India, and Federation of Indian Chambers of Commerce and Industry (FICCI) has jointly taken initiative to organise India Maritime 2012
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Time to revisit port legislations
Ports in India have always been taken recourse to Port Trusts, but after the arrival of PPP in ports, this should change, says A Balasubramanian.
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No problem has been reported in land acquisition in our rural infra-structure scheme
Perhaps no other country has as many land-related disputes as India, rendering land acquisition painful. Union Ministry of Rural Development Secretary in the Department of Land Resources Anita Chaudhary...
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No problem has been reported in land acquisition in our rural infra-structure scheme
Perhaps no other country has as many land-related disputes as India, rendering land acquisition painful. Union Ministry of Rural Development Secretary in the Department of Land Resources Anita Chaudhary...
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PPP in rural roads and infra is our aim in 12th Plan
As PURA gains momentum, rural roads are set to rope in private participation through 'bundling' the contracts-mainly, involving longer clusters of roads and of allied activities.