During 2012-13, the Indian Railways have carried 1.009 billion tonne of revenue earning freight traffic compared to 969.78 million tonne in the previous year. This represents an increase of 39.95 million tonne or 4.12 per cent over 2011-12. In March 2013, the revenue earning freight traffic carried by Indian Railways was 98.20 million tonne. There is an increase of 4.35 million tonne over the actual freight traffi
Tag: infrastructure
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Gas pipeline infra requires Rs 6 tn investment
Union Petroleum Secretary Vivek Rae said the country needs at least an additional 100,000 km length of gas pipeline network across the country. In order to lay this length of pipeline, the country needs
at least Rs 600,000 crore at the rate of Rs 6 crore per km in the next 15-20 years, he said while addressing a sem
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Bank credit to infra projects may suffer under Basel III
A recent report by ratings agency Icra said bank credit to infrastructure sector may be affected by the norms of the Basel- III regulation. Credit to infrastructure is long-term in nature, while the deposits of banks is short-term to medium-term. This raises asset-liability mismatch. According to the Basel-III norms, banks must maintain a strict net stable funding ratio (NSFR), which is designed to ensure that long-term assets are funded with
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TN govt seeks Rs 1 bn for solid waste project
Tamil Nadu Chief Minister J Jayalalithaa informed that her government was expecting Rs 100 crore from the central government for implementing solid waste management system across certain areas in the state. Meanwhile, the state government raised the construction cost of green houses given to its beneficiaries from
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Govt to clear hurdles in project implementation
The government would clear bottlenecks hindering implementation of over 340 projects, including 125 new projects, Panning Commission Deputy Chairman Montek Singh Ahluwalia informed. These projects are struck mainly because of lack of regulatory clearances, shortage of fuel, land acquisition problem etc. These issues need to be addressed at political levels, he said
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Govt to clear hurdles in project implementation
The government would clear bottlenecks hindering implementation of over 340 projects, including 125 new projects, Panning Commission Deputy Chairman Montek Singh Ahluwalia informed. These projects are struck mainly because of lack of regulatory clearances, shortage of fuel, land acquisition problem etc. These issues need to be addressed at political levels, he said
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Ministry to meet banks, firms to address stalled projects
It is learnt that the union finance ministry would hold meeting with banks and companies to address the issue of stalled projects. Data available with the finance ministry shows that 215 projects, each with value of Rs 250 crore or more, have been identified as stalled. These projects are mostly financed by
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PM says govt takes steps to revive investment climate
Prime Minister, Manmohan Singh said the government was addressing many impediments affecting the implementation of infrastructure projects in order to revive the investment climate domestically. He said this during his address at the CII National Conference and Annual General Meeting, in
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Cement firms bet big on govt projects ahead of election
Some industry players and analysts feel that demand for cement may rise in the coming months as government expedite key construction projects ahead of Lok Sabha election. VP Sharma, Chief Operating Officer of Dalmia Cement said the oversupply situation still persists but since elections are next year, a slew of measures by the government may turn
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Gujarat govt to clear town planning schemes for Surat
Reports indicate that the Gujarat government has given preliminary approval for 27 town planning schemes in Surat and a final approval would be given soon. The others are in different stages of approval, reports indicate. Reports also indicate that the state government was slow in giving approval for the TP schemes in the city.