Union Budget 2013-14 is expected to boost growth in the infrastructure sector as it has announced several new initiatives. For example, the budget proposed taking up two new cities -" Dholera in Maharashtra and Shendra Bidkin in Gujarat -" under the Delhi Mumbai Industrial Corridor Project. Finance Minister P Chidambaram said the government will provide additional funds for the project in 20
Tag: infrastructure
Post
Post
Survey calls for clarity in NELP
Economic Survey 2012-13 called for clarity in terms of the New Exploration Licensing Policy (NELP) in order to remove impediments to implementation of projects in infrastructure, especially in the area of energy. While the Survey did not elaborate on what clarity was needed in NELP, it said the long term strategy should focus on issues like... petroleum price distortion (and) natural gas
Post
Bad loans of banks rises
According to the Economic Survey 2012-13, overall non-performing assets (NPAs) of the banking sector rose from 2.36 per cent of total credit in March 2011 to 3.57 per cent in September 2012. Slowdown and the high leverage levels have caused loans to a few industry and infrastructure sectors turning NPAs, the survey notes. Sectors particularly under
Post
Mumbai Port takes steps to offload Lanco equipments
Reports indicate that Mumbai Port Trust is taking steps to auction boiler, turbine and generator (BTG) imported from China or Singapore by Lanco Infratech for its 1,320 mw Wardha power project in Maharashtra. It may be noted that the company had neither paid custom duty nor port charges towards the imported items for past many months, which had forced the port to take
Post
Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God
Post
Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God
Post
DDA works on land pooling policy
Delhi Development Authority (DDA), which proposes to set up three five more sub-cities, is working on a new 'land pooling' policy and it has suggested three different models on which the policy can be based. The suggestion was made by the authority to the union urban ministry at a recent meeting. It may be noted that the authority developed three sub-cities to date
Post
Govt may widen scope of infrastructure definition
Media reports suggest that while tabling the budget 2013-14, the finance minister may announce the expansion of the definition of infrastructure sector so that growth across wider range of sectors is boosted. It may be noted that some sectors like telecom, housing, shipping, education are seeking infrastructure status. On February 28, Finance Minister P Chidambaram will p
Post
Govt may widen scope of infrastructure definition
Media reports suggest that while tabling the budget 2013-14, the finance minister may announce the expansion of the definition of infrastructure sector so that growth across wider range of sectors is boosted. It may be noted that some sectors like telecom, housing, shipping, education are seeking infrastructure status. On February 28, Finance Minister P Chidambaram will p
Post
Care expects banks to recast Rs 577 bn worth loan
According to a report by ratings agency Care, banks in the country would restructure new loan worth Rs 57,782 crore and this would raise the total recast loan book to Rs 312,022 crore next fiscal (2013-14). The report expects banks to carry out most of the restructuring in pipeline during the fourth quarter of this fiscal and through next fiscal if the draft RBI guidelines on re