Reserve Bank of India (RBI) sold Rs 140 billion worth bonds of various tenure on behalf of government. The central bank sold 2020 bond, 2025 bond, 2032 bond and 2035 bond through a recent auction. The central bank set a cut-off price of Rs 104.22, yielding 7.6598 percent for the 8.20 percent 2025 bond. For the 8.12 per cent, 2020 bond, the RBI set a cut-off price
Tag: government
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Govt redrafts master plan for Jodhpur
Rajasthan government redrafted the Jodhpur master plan taking into account the fact that a stretch of the Delhi-Mumbai industrial Corridor (DMIC) would fall in the city. The state government has reportedly included several different provisions in the existing master plan taking into account the fact that the DMIC would pass through Jodhpur
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Govt submits Maritime Board Bill for President assent
R Mohan, director of Ports and Inland Water Transport at Karnataka government said the Karnataka Maritime Board Bill is awaiting the approval of the President of India. The state legislature passed the Bill in 2011 and it was submitted to the President for assent, he said. With a view to take up various developmental projects and to maintain ports along the 300-km-long coastline of Karnataka, the state government wants to set u
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PPMAI seeks removal of import duty
Process Plant and Machinery Association of India (PPMAI) wants government to abolish import duty on on stainless steel and special steels which are used by the manufacturers of Process Plant machineries. Specifically, the industry demands removal of import duties on import of stainless steel hot rolled sheets, coils and cold rolled products. The association seeks removal of duty because of the steep depreciation of rupee against the dollar and also because of the fact that some of the steel prod
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ASSOCHAM opposes relaxation of export ban on ore
Industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the Odisha government oppose the centre's possible move to relax the export ban imposed earlier on iron ore. In fact, Odisha governments wants the centre to ban ore export completely as it argues that a number of industries in the state are facing shortage of the raw materia
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High Court clears land acquisition for metro project
The transport department of the West Bengal government received clearance from the Calcutta High Court for the land acquired to implement a part of the East-West Metro project. The department acquired land for construction of Central Station at Bowbazar in the city under the metro rail project. However, residents of the area opposed the land acquisition arguing that the state government failed to anno
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51 mining leases cancelled by Karnataka govt
According to the order of the Supreme Court, the Karnataka government has cancelled 51 iron ore mining leases in Category C. Holders of these mines were charged of carrying out rampant mining illegally outside the lease area and hence the Supreme Court ordered for cancellation of the mining leases some months
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CAG report finds fault at AP govt’s PPP contracts
The report of the Comptroller and Auditor General (CAG) of India on the public private partnership (PPP) port projects implemented by the Andhra Pradesh government was tabled in the State Legislative Assembly recently. The report identified some key faults on the part of the state government in designing the contracts
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State govt acquires land for highway widening project
Karnataka government is reportedly in the process of acquiring land for the proposed six-laning of the Bangalore-Mysore highway, which is currently a four-lane stretch. The state Public works department would place the proposal for the project before the National Highways Authority of India (NHAI). The existing 4-lane stretch is not sufficient to carry about 70,000 vehicles that ferry through the route daily
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State govt acquires land for highway widening project
Karnataka government is reportedly in the process of acquiring land for the proposed six-laning of the Bangalore-Mysore highway, which is currently a four-lane stretch. The state Public works department would place the proposal for the project before the National Highways Authority of India (NHAI). The existing 4-lane stretch is not sufficient to carry about 70,000 vehicles that ferry through the route daily