A resolute Reserve Bank of India (RBI) refrained from reducing policy repo rate in its mid-quarter review of monetary policy on 17 June 2013 citing the persistently high food inflation even though general inflation has declined.
Tag: India
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Dena Bank to strengthen in east
Ashwani Kumar, Chairman and Managing Director of Dena Bank said the bank decided to strengthen its footprint in the eastern part of the country especially in West Bengal and Bihar.
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J&K gets grant for rural roads
Rural road projects in Jammu and Kashmir (J&K) received a grant of Rs 710 crore from the Central Government. The grant would enable completion of Pradhan Mantri Gram Sadak Yojana (PMGSY) projects, which are delayed because of issues in land acquisition.
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DP World signs concession agreement with JNPT for gateway terminal
DP World and Jawaharlal Nehru Port Trus (JNPT) held a ceremonial signing of the concession awarded to DP World to construct and operate a new container terminal at the port. DP World received the Letter of Award for the new Nhava Sheva (India) Gateway Terminal project in November last year.
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Project delay in Kolkata port
Industry observers raise concern about delay in the slew of port projects proposed in the Kolkata port. For the last 10 years, authorities have been proposing to set up cargo handling facilities at Sagar Island closer to sea.
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India to have 51 new low-cost airports
To develop civil aviation sector and increase air connectivity to Tier-II and Tier-III cities in India, the Union government on June 28 decided to set up 51 new low-cost airports. The State-owned airport operator, Airports Authority of India (AAI), would set up the low-cost airports in 51 cities in 10 states
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Mumbai Metro Line-3 gets approval
The Union government gave its approval for the construction of a 33.5 km-long metro corridor in Mumbai which would run from Colaba to Santacruz Electronics Export Processing Zone (SEEPZ) via Bandra.
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ISL-Gati coastal service
ISL-Gati Express, a newly launched coastal service by International Shipping and Logistics (ISL) and GATI Ship successfully completed its maiden voyage on 17 June 2013 from Kandla to Vallarpadam.
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Defence ministry provides land for airport terminal project
Union Defence Ministry agreed to provide 50 to 70 acre of land to the civil aviation ministry to build a new terminal building in the Agra airport.
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Push to Amritsar-Delhi-Kolkata Industrial Corridor
The Prime Minister Manmohan Singh has approved the commencement of preparatory work on creating an Amritsar-Delhi-Kolkata Industrial Corridor to give a boost to industrial development in the densely populated states of Northern India.