I am delighted to be here today to inaugurate the CII annual meeting for 2013. I have always believed that both government and business have to be partners in writing the story of development of this ancient land of ours, and CII has been a greatly valued partner over the past many years.
Tag: government
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Experts want govt to allow pvt participation in coal sector
In order to increase coal production in the country, experts suggest government to end the monopoly of Coal India (CIL) and its subsidiaries in the sector. They suggest the government to amend laws to allow more private participation in the space. They want the government to allow foreign and local mining comp
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Highway construction reaches 15 km a day
Construction and expansion of national highways touched 15 km a day during 2012-13, registering an increase of over 4 km per day. Though this is much less than the government's commitment to construct 20 km per day, it has come as a relief to the Union Highways Ministry and National Highways Authority of India (NHAI) in light of very few projects on public-private-partnership (PPP) being bagged by highway developers.
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Steel sector may grow at least 7-8% in 2013-14
Institute for Steel Development & Growth (INSDAG) is a non-profit making member based organization established by the central government in line with Steel Construction Institute (SCI), UK.
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GMR ready to re-take road project if govt cuts premium
GMR Infrastructure now says that it is ready to take up the 555-km Kishangarh-Udaipur-Ahmedabad highway project again if there is a cut in the initial premium it owes to the government. GMR had withdrawn from the Rs 5,700 crore highway project owing to inconsistencies on environment clearance.
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Navayuga Road Projects to invest Rs 357.60 cr
The Government has approved six foreign direct investment (FDI) proposals worth over Rs 732 crore based on the Foreign Investment Promotion BoardÂ’s recommendations. The two largest proposals notified by the Finance Ministry include Hyderabad-based Navayuga Road ProjectsÂ’ plans to make downstream investments in its Special Purpose Companies worth Rs 357.60 crore and SIDBI Social Venture TrustÂ’s submission to bring in foreign investment worth Rs 285 crore by allotting some units of the Fund.
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Rs 1.14 trillion budget passed in Gujarat Assembly
The Rs 114,450 crore budget of Gujarat government for the year 2013-14 was recently passed at the state assembly with majority voice vote. The budget levies new taxes of Rs 289 crore, while it gives tax relief of Rs 245 crore in different sectors. The budget proposes to generate surplus of Rs 840.45 crore. The state government presented the budget on February 12, 2013. The budget focuses on development of so
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Goa govt prepares draft investment policy
Goa government prepared a draft investment-cum-industrial polic, which laid a special thrust on development of Special Investment Regions (SIRs). The SIRs will attract large investments, economies of scale and world class infrastructure arrangements. SIRs involves special areas demarcated for development with their own industrial, social and urban infras
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Govt canÂ’t regulate airfares: CCI
Competition Commission of India (CCI) Chairman Ashok Chawla has said the government cannot fix the maximum retail price (MRP) of airfares like other consumer items as fares are decided by market forces of demand and supply. This order effectively bars the government from regulating airfares.
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Kerala govt assures court to bear liability
Adovcate General of Kerala government assured the Kerala High court that the state government would bear the liability of oil marketing companies if the petition filed by Kerala State Transport Corporation was finally dismissed. Following this, the court restrained oil companies from increasing the price of diesel being supplied to cash