The Union government is confident of meeting the Rs 54,000 crore disinvestment target for 2013-14, the government said on September 23. The government has set a target of Rs 40,000 crore for its stake sale in public sector units (PSUs) and Rs 14,000 crore from selling its shares in private companies.
Tag: government
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Govt to meet Rs 54,000 cr disinvestment target
The Union government is confident of meeting the Rs 54,000 crore disinvestment target for 2013-14, the government said on September 23. The government has set a target of Rs 40,000 crore for its stake sale in public sector units (PSUs) and Rs 14,000 crore from selling its shares in private companies.
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Govt proposes to cut toll tax on delayed road projects
The Union Road Secretary Vijay Chibber has said that the toll tax should be reduced on the proposed highway projects if they are delayed and there is reduction in quality of roads and also in the available space for the commuters.
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Report ready on Amritsar-Delhi-Kolkata Industrial Corridor
The Inter Ministerial Group (IMG) in the Union government has completed its preparatory work for setting up a Amritsar-Delhi-Kolkata Corridor (ADKIC) and submitted its report to the government.
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Govt to infuse Rs 14,000 cr into banks, SBI looks for Rs 4,000-cr
India's largest State-owned bank, State Bank of India (SBI) on September 16 stated that it has recommended a cut in the cash reserve ratio (CRR), the amount of funds that the banks have to keep with the Reserve Bank of India (RBI) as well as in repo rate, the discount rate at which RBI repurchases government securities from the commercial banks. SBI said that it is expecting Rs 4,000-crore capital infusion from the government to shore up its capital.
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Plea to Kerala govt for completion of new bridge in Kalady
In Ernakulam district of Kerala, MLAs Jose Thettayil and Saju Paul have asked the government to speed up construction of a new bridge on MC Road at Kalady in the district. The MLAs said in Kochi that the Chief Minister Oommen Chandy should convene a meeting for the timely completion of the bridge.
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Govt plans bond buy for $4.3 bn World Bank loans
The Union Finance Ministry has proposed to the government allow the country to borrow an additional $4.3 billion from the World Bank by investing in special bonds. The Union Cabinet is to consider the proposal on September 12.
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Gurgaon E’way: Banks may take a Rs 1,400 cr haircut
When the government takes over the Delhi-Gurgaon Expressway from the concessionaire DS Construction, the lender banks to the project might be forced to take a haircut of more than Rs 1,400 crore. Why because the National Highways Authority of India (NHAI) has informed the consortium of banks, led by IDFC Bank, that the Authority would pay the lenders only Rs 175-200 crore if it takes over the project.
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Plea for restoration of Chouzuba-Phek road
In Nagaland, the District Planning and Development Board (DPDB) Phek has requested the government authority concerned to clear landslide on Chouzuba-Phek road and restore the road for traffic immediately.
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Proposal to stop toll collection on incomplete roads
A proposal has been made to the government to stop private developers from collecting toll on highway widening projects during the construction phase, if the project falls behind schedule. The proposal has been made by the National Highways Authority of India (NHAI) and it is being studied by the Union Ministry for Road Transport and Highways.