Industry watchers feel that the target for project implementation given by Finance Minister P Chidambaram to the shipping ministry for 2012-13 is unrealistic. The finance ministry gave a target of achieving a total investment of Rs 35,000 crore and a capacity addition of 244 million tonne during the year. The shipping ministry has managed to achieve 18 per cent of the targeted inves
Tag: implementation
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RBI defers Basel norms for currency derivatives
In a notification, the Reserve Bank of India (RBI) said it delayed the implementation of Basel-III regulations for currency derivatives segment to January 2014. The central bank postponed the implementation for the segment pending resolution of norms regarding trade settlement. But the RBI said the new capital adequacy requirements will be implemented from April 1. In view of the shift in the start date of Basel III implementation, all ins
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Port capacity may rise 114 mn t due to new projects
The total number of port projects awarded in 2012-13 may raise capacity of the country's ports by 114 million tonne (mn t) pa. The shipping ministry awarded in all 26 projects so far in 2012-13 and out of this 14 are Public Private Partnership (PPP) projects. The 14 PPP projects would bring in an additional capacity of 80 mn t per annum at an investment of Rs 5,600 crore
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Sreedharan asks Gujarat govt to rethink metro rail project
India's Metro Man E Sreedharan suggested Gujarat government to rethink its approach to the Ahmedabad-Gandhinagar metro rail project. Speaking at MS University's 61st annual convocation in Vadodara, Sreedharan said Gujarat has lost the chance to get funding from Japanese government for the project. Sreedharan, who was the former managing director of Delhi
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Govt awarded only 1,010 km road project so far
Minister of State for Road Transport and Highways (RTH) Sarvey Sathyanarayana informed Lok Sabha that the government awarded 1,010 km of national highways (NH) so far in 2012-13. This is hardly 11.5 per cent of the target of 8,800 km under National Highways Development Project (NHDP) for this
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J&K govt reviews progress of pipeline project
Jammu and Kashmir Chief Minister Omar Abdullah
reviewed the status of progress of the proposed 328 km Bhatinda-Jammu-Srinagar Gas Pipeline Project at a meeting of high level officers and emphasised on early start of work. During the meeting, the chief minister received appraisal of the roadmap prepared to start the work on the proje
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Posco determined to set up world-class plant
YW Yoon, CMD of Posco India, the local arm of South Korean steel major Posco, remarked that the firm was determined to move ahead and construct a world class steel facility for the benefit of all stakeholders in Odisha. POSCO will do its best efforts to construct a state-of- the-art steel plant in Odisha, Yoon said, while awarding the POSCO Asia Fellowship on behalf of POSCO TJ Park Foundation at
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Posco determined to set up world-class plant
YW Yoon, CMD of Posco India, the local arm of South Korean steel major Posco, remarked that the firm was determined to move ahead and construct a world class steel facility for the benefit of all stakeholders in Odisha. POSCO will do its best efforts to construct a state-of- the-art steel plant in Odisha, Yoon said, while awarding the POSCO Asia Fellowship on behalf of POSCO TJ Park Foundation at
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Jaipur metro project faces land acquisition issue
Reports suggest that the phase-II work of the Jaipur Metro Rail Project, which is likely to commence may face delay because of issues with land