The participants of a one-day summit on the Coastal Shipping and IWT (inland water transport) in Kerala demanded the government to take steps to promote the sector. Specifically, the participants want the government to grant infrastructure status to coastal shipping on the lines of inland water transport
Tag: investment
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Transmission of RBI policy signals is asymmetrical
A research paper from Reserve Bank of India (RBI) shows that transmission of monetary policy signals to financial markets in India is asymmetrical. It is asymmetrical because the transmission is faster and persistent when the monetary system is in deficit mode, than when it is in expansionary phase, the paper argu
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SAIL undertakes expansion project
The Minister of Steel, Beni Prasad Verma informed that the Steel Authority of India Limited (SAIL) has undertaken modernisation and expansion plan at its five integrated steel plants Bhilai Steel Plant (BSP) at Bhilai, Bokaro Steel Plant (BSL) at Bokaro, Rourkela Steel Plant (RSP) at Rourkela, Durgapur Steel Plant (DSP) at Durgapur and IISCO Steel Plant (ISP) at Burnpur and Spe
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RIL asked to clarify certain things in revised plan
Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi informed Rajya Sabha that the government sought clarifications from Reliance Industries (RIL) on the revised field development plan (RFDP). It may be noted that the company submitted RFDP for D1 & D3 fields, the main gas producing fields in the eastern offshore KG-D6 block, with downward revision in reserves
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Railways takes steps to strengthen financial position
Railways have taken various measures to improve its financial condition, which inter alia, include rationalization of the fare and freight structure taking into account the cost of inputs, introduction of dynamic Fuel Adjustment Component (FAC) in its tariff, proposed setting up of rail Tariff Regulatory Authority (RTRA), prioritizing the projects for better resources utilization, setti
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IMF deputy head expects 5.8 per cent economic growth
In 2013-14, the Indian economy may expand 5.8 per cent and in 2014-15 it may grow 6.3 per cent, Naoyuki Shinohara, Deputy Managing Director of the IMF said. This compares to an average growth rate of 8.7 per cent for the five years prior to the global financial crisis, he said
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Andhra CM clears Rs 12 bn worth road projects
Andhra Pradesh Chief Minister N Kiran Kumar Reddy cleared Rs 1,200 crore worth road projects in and around Hyderabad at a recent official-level meeting. The Rs 1,200 crore project involves development of 16 radial roads with a combined length of 195 km to connect the inner ring road and outer ring road in the city
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IMF deputy head expects 5.8% economic growth
In 2013-14, the Indian economy may expand 5.8 per cent and in 2014-15 it may grow 6.3 per cent, Naoyuki Shinohara, Deputy Managing Director of the IMF said. This compares to an average growth rate of 8.7 per cent for the five years prior to the global financial crisis, he said
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Govt envisages Rs 5 trillion investment in power sector
Union Power Minister Jyotiraditya Scindia outlined the need to resolve all the issues faced by the power sector in order to achieve the total installed capacity target of almost 315 gigawatts by 2016-17. In order to realise this target, the government envisages an investment of about Rs five lakh crore during this
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Govt to upgrade roads under PMGSY phase II
The union government decided to upgrade the roads already built for village connectivity under the Pradhan Mantri Gramin Sadak Yojna (PMGSY) phase I. The roads would be upgraded under the phase II of the ambitious scheme. Meanwhile, the centre will continue the pending work on the phase I of PMGSY. The union cabinet recently cleared the plan of the Rural Development Minister Jairam Ramesh to introduce the