Three months after the government decided to cap the number of subsidised liquefied petroleum gas (LPG) cylinders and allowed oil marketing companies to raise diesel prices, Indian Oil Corp is finding the going tough. The companyÂ’s Chairman and Managing Director, RS Butola told a business newspaper that the cap and direct cash transfer are indicators of better-functioning markets.
Tag: government
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Govt proposes to collect toll on two-lane roads
With an eye on attracting investment and generating more revenue for the highways sector, the government is planning to charge toll for plying on a majority of two-laned roads.
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Govt to decide on funding for state-run banks
Financial Services Secretary DK Mittal informed that the government would soon decide on allocation of funding to boost the capital base of public sector banks. He also said that boards of each of the banks that need capital would have to decide whether they want to infuse capital through a rights issue. Leading public sector banks that need capital infusion are
India
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Govt to give more powers to banks in road projects
Banks in India are going to be given more functional and supervisory powers by the government with regard to road projects.
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‘No scheme from states to fund national highways’
The Union government has taken up development of National Highways (NHs) under the National Highways Development Project (NHDP) & Non-NHDP, said the Union Minister of Road Transport and Highways Sarvey Sathyanarayana. He added that there is no scheme for development of NHs with funding assistance from the State Governments.
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‘No scheme from states to fund national highways’
The Union government has taken up development of National Highways (NHs) under the National Highways Development Project (NHDP) & Non-NHDP, said the Union Minister of Road Transport and Highways Sarvey Sathyanarayana. He added that there is no scheme for development of NHs with funding assistance from the State Governments.
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NHAI meets 6% road contracts target till Oct
The Union government would target construction of 17,000 km of roads over the next two years, Prime Minister Manmohan Singh said on November 3.
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Govt sticks to revised fiscal deficit target
Economic Affairs Secretary Arvind Mayaram informed that the government would not overshoot its revised fiscal deficit target of 5.3 percent in 2012-13. Earlier, Finance Minister P Chidambaram said this year fiscal deficit will be 5.3 per cent, instead of the budget estimate of 5.1 percent.
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Madhya Pradesh govt mulls air cargo hub
Madhya Pradesh government may use public private partnership (PPP) model to set up an air cargo hub either at Bhopal or at Indore on over 500 hectare.
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Innovative means to infra finance
Over the past few years, the government has changed its policy strategy from establishing institutions to creating mechanisms. Innovative methods can unlock financial potential better for the infrastructure sector, writes Dhruba Purkayastha. The much-hyped one trillion dollar investment required for infrastructure sector in India has been publicised well by the government as a huge investment opportunity.