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Mazagon Dock, Pipavav JV on hold

Mazagon Dock, Pipavav JV on hold

The Defence Ministry has decided to put on hold a joint venture (JV) between Mazagon Dock and Pipavav Defence and Offshore Ltd, saying it would wait till a policy on JVs is put in place by the gov­e­r­n­ment.

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Infra projects on fast track

Infra projects on fast track

Worried by the looming European economic crisis and the slow progress of some major public sector infrastructure projects worth Rs 30,000 crore, which could impact the already sluggish economic growth, the Government has decided to put them on fast track, by addressing logistical and environmental concerns.

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18,500-cr boost to DMIC

18,500-cr boost to DMIC

The Union Cabinet has cle­ared the proposal for infusion of Rs 18,500 crore in the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC). The 1,483-km project running through seven states will come up along the proposed Delhi-Mumbai dedicated rail freight corridor.

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FM pitches to US investors for infra projects

FM pitches to US investors for infra projects

Finance Minister Pranab Mukherjee has said the country offers huge scope for US firms to participate in its $1 trillion infrastructure development plan. At the USIBC-FICCI round table, Mukherjee infor­med the gathering that his government was working tow­ards building a consensus on a number of pending policy iss­ues, like introduction of Goods and Services Tax, National Manufacturing Policy, liberalisation of FDI policy

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New environment may curb mining, not illegal mining

New environment may curb mining, not illegal mining

The recent mining scams have sounded a wake up call, and yet definitive action to prevent illegal mining has not come forth.Will new laws such as higher taxation and profit sharing help the cause of the government’s efforts to curb illegal mining through technology and strengthened monitoring? Charu Bahri goes beyond the regular headlines of new scams and ends up not being convinced the new law will curb illegal mining.

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Karnataka mining in limbo

Karnataka mining in limbo

In the state that produces more than 35 million tonne of iron ore every year, accounting for more about 25 percent of the nation’s output, mining and exports of iron ore from the state have come to a complete standstill National Minerals Development Corporation (NMDC)