Keeping in mind the difficult terrain and dominance of rebels in Jharkhand, the government has decided to provide roads to even those villages which have a population of more than 100, said Union Rural Development Minister Jairam Ramesh on March 23. He promised road connectivity to even the remotest village in Jharkhand, taking the initial steps to usher development in these parts of the country.
Tag: government
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TN gets World Bank’s aid for road project
For the second phase of Tamil Nadu Road Sector Project, the State government has obtained approval of the World Bank and the Central government, said Finance Minister O Panneerselvam, while presenting the State budget for 2013-14 in Chennai on March 21. Under this project, a total of 1,678 km of roads will be strengthened and widened.
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Delhi govt to spend Rs 374 bn in 2013-14
Delhi Chief Minister Sheila Dikshit presented the budget for 2013-14 which pegged the overall outlay for the financial year at Rs 37,450 crore. While the state government allocated Rs 16,000 crore for plan expenditure, the total non plan expenditure has been proposed at Rs 21,000 crore
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Govt to sell Rs 150 bn worth bonds every week
According to the government borrowing calendar for Apr-Sep 2013, the centre would issue Rs 150 billion worth bonds on an average every week during the six months. Thus, in the first six months of the next financial year, the government would borrow Rs 3.49 trillion or 60 percent of the full-year gross target. On a net basis, the g
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Etihad, Jet Airways yet to approach govt for deal
Commerce and Industry Minister Anand Sharma on March 14 said neither Jet Airways nor Etihad Airways has approached the government with a formal investment proposal. Sharma said that the government has so far not received a formal proposal from Etihad for investing in Jet Airways. Jet has been in talks with Etihad to sell 24 per cent stake for the past few months for around $300 million.
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Air Asia, Tata JV seeks nod for aircraft leasing
For renting and leasing of aircraft, besides carrying of air freight Air Asia and Tata Group have sought approval from the government. The two firms, along with Arun Bhatia of Telestra Tradeplace, have proposed to set up a domestic airline. According to sources, in its application to the FIPB, the partners have also sought permission for engaging in ancillary activities.
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Jet Airways seeks govt’s nod to buy 6 KFA’s slots
With the government withdrawing Kingfisher Airlines' international flying rights and domestic slots, the Jet Airways has approached the Aviation Ministry to acquire six of the vacant slots. The airline company has applied to the government to acquire six slots from Mumbai. Of these, it is looking at four domestic and two international routes, Jet Airways sources said in Mumbai.
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Roads in rural Delhi areas will be developed: CM
Delhi Chief Minister Sheila Dikshit on March 2 stated on March 2 that the government has decided to improve all major road networks in rural areas including those in villages before the monsoon season. Dikshit said this after launching a road improvement project in Bawana area of North-West Delhi.
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India’s no-frill carriers plan buying smaller aircraft
India's no-frill carriers have started thinking of buying smaller aircraft with IndiGo even evaluating launching a regional subsidiary. The move follows the government focusing more on improving regional connectivity, a leading aviation consultancy firm has said. IndiGo is also evaluating the possibility of placing an ATR (turboprop aircraft) order to establish a regional subsidiary, the Centre for Asia Pacific Aviation (CAPA) said in a latest report.
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Govt to infuse Rs 5,000 cr equity into AI
The government on February 28 announced Rs 5,000 crore additional equity infusion for debt-ridden national carrier Air India in the next fiscal as part of its turn around plan. Rs 5,000 crore (has been marked) for equity infusion in National Aviation Company of India (now Air India), according to Budget documents.