Pointing to the need to go for integrated urbanization, Maharashtra Chief minister Prithviraj Chavan said his government plans a new legislation to set new rules in this regard. He said this while addressing a gathering after inaugurating a conference. He said over 50 percent of the
Tag: infrastructure
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Experts suggest raising limit on FII investment in bonds
Some experts suggest the government to raise investment limit of foreign institutional investors (FIIs) in corporate bonds help investment in the infrastructure sector. They also want the government to raise investment limit of FIIs in government bonds as this would help in brin
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Panel suggests allowing banks to issue fixed rate bonds
An expert panel suggested Reserve Bank of India (RBI) to allow banks to issue long-term bonds which carry fixed interest rate in order to mop up resources for lending to infrastructure sector. The panel headed by KK Vohra, Chief General Manager, internal debt management department, RBI, suggested that banks can issue long term bonds with minim
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NHAI feels cost overrun as reason for exit from projects
RP Singh, Chairman of the National Highway Authority of India (NHAI) claimed that the change in the economic scenario and escalation of cost prompted two highway developers to exit mega projects recently. It may be recalled that GMR Infrastructure terminated the contract for the Rs 5,700 crore Kishangarh-Udaipur-Ahmedabad Expressway with NHAI on g
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Delhi govt seeks more central govt funds
Delhi Chief Minister Sheila Dikshit requested the central government to increase the size of grant to the state considering its huge expenditure on development of infrastructure and implementation of schemes through the direct cash transfer scheme. She said 65 per cent of the state government's budget is allocated to social sector schemes
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RBI deputy chief for widening investor base in bonds
HR Khan, Deputy Governor, Reserve Bank of India (RBI) called for steps to encourage insurance companies, pension funds, provident funds, and other institutional investors to invest in bonds issued by infrastructure firms. Presently, the insurance and pension funds are legally required to invest a substantial proportion of their fund
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Steel sector witnesses subdued growth in consumption
Data from the union steel ministry shows that consumption of finished steel in the country rose a mere 3.9 per cent to 54.8 million tonne (mn t) in Apr-Dec 2012 from 52.7 mn t in the year-ago period. Industry watchers attribute the muted growth in steel consumption to the subdued demand from the end-use
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Experts urge oil firms to step up production
Experts and industry observers urge oil and gas companies to accelerate engineering and production activities in order to bridge the demand-supply gap in crude oil. The country depends on import for over 70 percent of its crude oil requirement and this puts huge pressure on India's import bill
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Proposed wharf project may cost Rs 44.5 cr
The proposed wharf project at at Mangalore Old Port is estimated to cost around Rs 44.5 crore, Lakshadweep MP Muhammad Hamdullah Sayeed informed reporters. The Lakshadweep government proposed to construct the wharf at the port and expects to begin work on it once the Karnataka government clears the proposal
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Lakshadweep proposes wharf project at Old Mangalore Port
The Lakshadweep union territory government has sent a draft proposal to the Karnataka government to set up a 300-metre-long dedicated wharf at Old Mangalore Port for the benefit of the Lakshadweep administration. Hamdulla Sayeed, Member of Parliament from Lakshadweep informed this when he visited the Old Mang