A high-powered committee of the Bangladesh government is studying the proposals received from various foreign governments and overseas private sector companies for funding and constructing the proposed deep-sea port at Sonadia in Cox's Bazar. The committee will examine the strengths and expertise of the companies and governments who submitted proposal for assisting the
Tag: government
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Odisha govt’s resolution does not pass legal scrutiny
Media reports indicate that the Odisha government may withdraw its earlier decision to mandate mine lessees in the state without end-use plants to sell at least 50 per cent of their output to local industries. On December 5, 2012, the steel & mines department notified the resolution to this effect. However, the law department of the state government has not cleared the resolution as it feels the move may not p
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Punjab govt allots Rs 25 bn for various projects
In order to implement various projects in the sewerage, water supply, road, housing and other sectors in Ludhiana, Punjab government allocated Rs 2,499.74 crore. The amount includes Rs 1,352.20-crore to upgrade road infrastructure, including 8 laning of Ferozepur Road from Sidhwan Canal to MC limit, among others. The government allotted Rs 398.35 crore for upgrade of Ham
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Odisha govt to introduce e-auction after conducting study
Odisha government plans to conduct e-auction of iron ore in the state after studying the same in Karnataka. For this purpose, two officials from Odisha steel and mines department and one from CSM technology would visit Karnataka and study iron ore e auction patterns, modalities and challenges in the state. Following a Supreme Court order in 2011, e-auction of minerals is being conducted in Karnataka and this in
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Odisha govt to introduce e-auction after conducting study
Odisha government plans to conduct e-auction of iron ore in the state after studying the same in Karnataka. For this purpose, two officials from Odisha steel and mines department and one from CSM technology would visit Karnataka and study iron ore e auction patterns, modalities and challenges in the state. Following a Supreme Court order in 2011, e-auction of minerals is being conducted in Karnataka and this in
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Experts want govt to create competition by amending act
Experts feel that unless the Coal Nationalisation Act is amended to allow mining by private companies, the government cannot create competition in the coal sector. The union cabinet recently approved the coal regulatory authority bill which envisages that the regulator would create regulations that bring in a level-playing field and more competition in the sector
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Govt may adopt SPV model for proposed port projects
According to some media reports, central government plans to develop two major ports, one each in Andhra Pradesh and West Bengal, through special purpose vehicle (SPV)-based model. The central government may contribute Rs 5,000 crore as equity for the two projects. Reports indicate that the central government may contribute 74 percent of the total project cost, while the respective state gove
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Import bill for crude oil set to rise
India's import bill for crude oil is expected to rise sharply despite the fall in the international price of the fuel in recent months, because of depreciation in rupee. The global price of crude oil declined almost 10 percent since January 2013. However, the import bill of the country may rise because of depreciation rupee against the dollar, reports indicate
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Govt to develop key infrastructure in Jaipur
Rajasthan government would focus on upgrading key infrastructure like drainage lines, roads and drinking water across Jaipur as the city has become a counter-magnet area. This would be part of the state government's proposals related to the infrastructure development in the city. The government is preparing the proposal and would submit the same to National Capital Region Plann
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SEBI to decide on TN govt’s proposal
Securities and Exchange Board of India (SEBI) would decide whether the Undertakings of Government of Tamil Nadu can buy the 5 per cent equity of Neyveli Lignite Corporation (NLC). The decision to offload the central government's 5 per cent equity in NLC was taken at a meeting of the Cabinet Committee on Economic Affairs on June 21. The union government plans to mop up around Rs 700 crore