Private companies are likely to invest Rs 4,250 crore in airports at Chennai, Lucknow, Kolkata, Ahmedabad, Guwahati and Jaipur. The Union government has identified these airports for privatisation in the current financial year.
Tag: Infrastructure Today
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NHAI to spend Rs.11,885 cr
For its many projects, the National Highways Authority of India (NHAI) has set an expenditure target of Rs 11,885 crore for this 2013-14 fiscal. The planned expenditure includes its flagship road building scheme National Highways Development Project (NHDP) as well
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Odisha top investment destination
Latest data released by the Reserve Bank of India (RBI) say that for new projects Odisha has emerged as the hottest investment destination as investor interest in prosperous states such as Maharashtra, Gujarat, Karnataka
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Nabard’s offer to TN infra projects
For developing several infrastructure projects in Tamil Nadu, the National Bank for Agriculture and Rural Development Bank (Nabard) has committed a financial support of Rs 1,500 crore to the state during the current fiscal.
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ADB loan to Rajasthan
To boost Rajasthan's renewable energy capacity and to construct a power transmission system in the state, the Asian Development Bank (ADB) has agreed to provide a loan of $500 million.
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CAD to be under control
RBI Governor, Raghuram G Rajan has said that the current account deficit (CAD), which was going to take the country to crisis, is likely to be under control for the time being.
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Migration policy to aid PPP projects at major ports
To help 15-20 public-private partnership (PPP) projects at major ports in the country, the Union Government is set to announce a 'migration policy'. The new policy will be applicable for PPP projects signed on the basis of 2005 guidelines, the Union Shipping Secretary, Vishwapati Trivedi has said.
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CCEA okays steps to operationalise IDF
The Cabinet Committee on Economic Affairs (CCEA) has approved the following steps to promote the operationalisation of Infrastructure Debt Funds (IDFs): (a) Capping of the annual guarantee fee payable to the concession authority at 0.05 per cent per annum of outstanding debt financed by the IDF NBFCs for the first three years of operation of the IDF NBFCs; and (b) Access to the benefits of Public Financial Institutions (PFI) status to IDFs like permitting IDF NBFCs to file Shelf Prospectus under
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Fresh iron ore mining ban in Goa
Fresh mining of iron ore has been banned in Goa by the new mineral policy in the state. The Goa Mineral Policy was notified on September 28.
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Nod to shale gas, oil exploration
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Ministry of Petroleum and Natural Gas on the policy on exploration and exploitation of shale gas