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Ministry proposes 50% grant for dredging projects

Ministry proposes 50% grant for dredging projects

The union shipping ministry made a proposal to give up to 50 per cent of the capital dredging costs of ports as grants from the centre. Currently, there are no standard norms for budgetary support for dredging to ports. As a result, some ports get budgetary support, while some fund dredging from thei

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NHAI’s plea to PMO to help finance delayed road projects

NHAI’s plea to PMO to help finance delayed road projects

For delayed road projects, a financial revival package from the government has been sought by the National Highways Authority of India (NHAI). Proposing the financial solution, NHAI has sought urgent intervention of the Prime Minister's Office (PMO) on a host of matters related to highway projects.

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NHAI’s plea to PMO to help finance delayed road projects

NHAI’s plea to PMO to help finance delayed road projects

For delayed road projects, a financial revival package from the government has been sought by the National Highways Authority of India (NHAI). Proposing the financial solution, NHAI has sought urgent intervention of the Prime Minister's Office (PMO) on a host of matters related to highway projects.

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Govt may privatise Chennai airport’s cargo operation

Govt may privatise Chennai airport’s cargo operation

Airport Authority of India (AAI) has said that the Government could give the entire air cargo operation to a private company in the proposed second phase of the Chennai airport modernisation plan. GK Chaukiyal, Member (Operations), Airport Authority of India said that AAI is open to the idea of outsourcing the entire air cargo operations in the second phase when a new cargo facility is to be built in the old terminal.

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Govt may privatise Chennai airport’s cargo operation

Govt may privatise Chennai airport’s cargo operation

Airport Authority of India (AAI) has said that the Government could give the entire air cargo operation to a private company in the proposed second phase of the Chennai airport modernisation plan. GK Chaukiyal, Member (Operations), Airport Authority of India said that AAI is open to the idea of outsourcing the entire air cargo operations in the second phase when a new cargo facility is to be built in the old terminal.

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Indian delegation signs LoI with Brazil govt

Indian delegation signs LoI with Brazil govt

An Indian delegation led by union steel ministry signed
a letter of intent (LoI) with Brazilian government to strengthen cooperation between the two nations in steel and mining sectors. Executive Secretary (Mines and Energy), Government of Brazil signed the agreement on behalf of that country. The two countries have emerged as large markets after China in terms of their growth potential among the dev

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Gujarat govt seeks gas at equal price

Gujarat govt seeks gas at equal price

During his meeting with Prime Minister Manmohan Singh, Gujarat Chief Minister Narendra Modi demanded provision of natural gas to the state at the same rate as places like Delhi and Mumbai. Both the Gujarat government and the central government are locked in a legal battle on allocation of natu

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ADB plans to lend $10 bn to public sector

ADB plans to lend $10 bn to public sector

Reports suggest that Asian Development Bank (ADB), the Manila-based multilateral development bank, plans to lend around $10 billion to the Indian public sector between 2012-2017 and $2 billion to the private sector in this period. It is also learnt that the bank is holding talks with the central government on its country strategy paper for India

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Experts call for transparency in allocation of mining assets

Experts call for transparency in allocation of mining assets

Experts and industry observers call for a transparent process to allocate mining assets to private players in the wake of a series of irregularities in the mining sector in Odisha, Goa and Karnataka. Whether the mining blocks are allocated by the state government or the central government, the zone of discretion should be minimised, said RV Shahi, a form

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Coal transportation contract of Durgapur Projects

Coal transportation contract of Durgapur Projects

The West Bengal government founded Durgapur Projects Ltd aims to develop infrastructure for various large, medium and small scale industries in and around Durgapur and also at other places within the state. Incorporated on September 6, 1961, the body consists of coke oven batteries, bye-products plant, gas grid project, thermal power plant