Corporate investments, which stood at Rs 263,400 crore in 2012-13, may fall in the current financial year, Reserve Bank of India (RBI) said in its monthly bulletin for September. The capital expenditure intentions of the companies in private and joint business sectors were captured in the repo
Tag: investment
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Experts advocate proper pricing policy
Experts remark that oil and gas exploration business is a risky venture which depends on the vagaries of geological conditions and hence the government must incentivise investment in the sector through attractive pricing policy. Experts argue that the whole cycle of discovery to development of hydrocarbons may take 10 years. Yet, when
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Govt to set up 17 airports in 12th plan
In the 12th five-year plan period (2012-17), union government plans to set up 17 airports. Specifically, the government plans to build airports in Gulbarga, Bijapur, Hassan, Shimoga, Aranmula, Kannur, Karaikal. In addition, three new airports are planned in Maharashtra, including one each at Sindhudurg and Navi Mumb
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FIPB receives application from Axis Bank
Foreign Investment Promotion Board (FIPB) received an application from Axis Bank for hiking its foreign shareholding limit. As on June 30, 2013, the foreign shareholding in the bank stood at 48.96 percent. This includes inve
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SAIL invests Rs 421 bn on capacity expansion plan
Till July 2013, state-run firm Steel Authority of India (SAIL) invested Rs 42,101 crore out of the proposed Rs 61,870 crore it plans to spend on modernisation and expansion of its existing facilities. Through this investment, the company plans to raise its crude steel production capacity to 21.4 million tonne per annum (mn tpa) from 12.8 mn tpa now
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Govt wooes American investment in infra fund
The Indian government wooed American firms and other entities to invest in infrastructure debt fund (IDF). Recently, Commerce and Industry Minister Anand Sharma discussed the matter with his US counterpart Michael Froman. Specifically, Sharma sought investments from US pension funds and insurance firms in IDF. In June 2013, gove
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Govt wooes American investment in infra fund
The Indian government wooed American firms and other entities to invest in infrastructure debt fund (IDF). Recently, Commerce and Industry Minister Anand Sharma discussed the matter with his US counterpart Michael Froman. Specifically, Sharma sought investments from US pension funds and insurance firms in IDF. In June 2013, gove
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Govt to take steps to protect investors
With regard to the National Spot Exchange (NSEL) crisis, the government is planning to introduce all possible measures to ensure investors, particularly the small ones, get back their money. The government plans to disband the NSEL board, appoint an administrator and attach the exchange's prop
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Centre receives proposals for monorail projects
The Tamil Nadu government sent a proposal to the central government for a Chennai City mono rail project. The state government decided to implement Phase 1 of the Chennai Monorail Project of a total length of 57.09 km
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Locals complain against Vizhinjam port project
Fishermen in the adjacent areas of the Vizhinjam port project in Kerala complained that the proposed project would threaten their livelihood. Fishermen raised their concerns at the recent public hearing of the environmental impact assessment report. Besides the concerns of the fishermen, complaints were also raised about the possible adverse impact or chan