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FM pitches to US investors for infra projects

FM pitches to US investors for infra projects

Finance Minister Pranab Mukherjee has said the country offers huge scope for US firms to participate in its $1 trillion infrastructure development plan. At the USIBC-FICCI round table, Mukherjee infor­med the gathering that his government was working tow­ards building a consensus on a number of pending policy iss­ues, like introduction of Goods and Services Tax, National Manufacturing Policy, liberalisation of FDI policy

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New environment may curb mining, not illegal mining

New environment may curb mining, not illegal mining

The recent mining scams have sounded a wake up call, and yet definitive action to prevent illegal mining has not come forth.Will new laws such as higher taxation and profit sharing help the cause of the government’s efforts to curb illegal mining through technology and strengthened monitoring? Charu Bahri goes beyond the regular headlines of new scams and ends up not being convinced the new law will curb illegal mining.

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Indian EPC 2011: Driving growth efficiently

Indian EPC 2011: Driving growth efficiently

As with all ideas that promise (relative) speed, simplicity and quality, Engineering, Procurement and Construction (EPC) has caught on quickly.The order books of the over 150 players in the arena are bulging, and there is increased interest in this sector from experienced foreign players who have made their India foray, new to the sector Indian conglomerates as well as pan-Indian infrastructure developers.

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Fin Min clarifies infra definition

Fin Min clarifies infra definition

Infrastructure will soon have a wider and uniform definition that will encompass some aspects of education and health as well, ensuring asset creation across a number of sectors by making them eligible for various incentives. A panel of secretaries of various ministries is expected to clear the finance ministry's proposal.

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China bank to fund Indian infra

China bank to fund Indian infra

Just as the world’s largest bank in terms of profit, market capitali­sation, and customer deposits ve­ntured into India last month with plans to fund the infra­structure sector, the Indian gov­ernment also gave its nod to Indian com­panies to raise loans up to $1 billion in Chinese yuan.

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The L-Factor

The L-Factor

It is as though news of the slow growth of 7.7 per cent-the slowest in six quarters-as reported for the quarter ending June, as against a healthy 8.8 per cent in the same period last year, was anticipated with resignation.

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Clean initiatives

Clean initiatives

When Elizabeth Littlefield was appointed by President Obama as the 10th President and CEO of Overseas Private Investment Corporation (OPIC), little was known about her role in providing the much needed support to the clean energy projects in India.