Union Shipping Minister GK Vasan informed a parliamentary consultative committee in Mumbai that the ministry aims to award 30 projects worth Rs 24,633 crore in 2013-14. These projects may increase capacity of ports in the country by 288.48 million tonne, the minister said. Further, the minister pointed out that the achie
Tag: ministry
Post
Post
Govt demands dividend from banks
State-run banks received a directive from the union finance ministry to declare a minimum 20 percent of their capital or net profit, whichever is higher, as dividend for 2012-13. The move by the ministry has not gone down well with these banks, who are already facing strain on their balance sheet owing to the rise in the non performing asse
Post
Ministry wants panel to discuss gas supply to power plants
Union Power Minister Jyotiraditya Scindia asked AK Antony, Chairman of the Empowered Group of Ministers (EGoM) on 'Gas Pricing and Commercial Utilisation of Gas' to convene a meeting of the panel to restore natural gas supply to power plants. Scindia has called for the meeting as around 13 power plants with an aggregate electricity generation capacity of 5,200 megawatt are closed because of lack of g
Post
Deregulation of tariff may attract pvt investment
Media reports indicate that the shipping ministry's move to deregulate tariff at the existing container terminals at major ports may instill confidence in private sector players to invest in port projects. According to the tariff regime introduced in 2005, the Tariff Authority for Major Ports (TAMP) decides the rate that can be charged by the existing terminals at major ports
Post
Ministry to meet banks, firms to address stalled projects
It is learnt that the union finance ministry would hold meeting with banks and companies to address the issue of stalled projects. Data available with the finance ministry shows that 215 projects, each with value of Rs 250 crore or more, have been identified as stalled. These projects are mostly financed by
Post
DDA approves land pooling policy
The Delhi Development Authority (DDA) cleared land pooling policy in order to give fillip to the residential projects in the city. The policy is expected to address housing problems, particularly for the economically weaker sections. Before notifying the policy, the authority would invite suggestions and objections. Presently, DDA acquires land directly from farmers or land holders. Lack of ad
Post
Projects worth Rs 63 bn awarded so far in 2012-13
Agency reports indicate that the union shipping ministry awarded 27 projects worth Rs 6,302.31 crore between April 1, 2012 and March 19, 2013. It may be recalled that the ministry aimed to award 42 projects entailing Rs 14,500-crore investment in 2012-13. The targeted 42 projects were to raise the capacity of major ports by 245 million tonne (mn t). However, the a
Post
NHAI wants CAG to advise on changing concession agreement
National Highways Authority of India (NHAI) has sought advice from the Comptroller and Auditor General (CAG) on how to modify the concession agreement for the stalled project to widen the Kishangarh-Udaipur-Ahmedabad highway to six lanes. NHAI Chairman RP Singh wrote a letter to CAG Vinod Rai asking the latter to deliberate on modification of th
Post
Indian airports need Rs 670 bn investment in 5 yrs
Civil Aviation Minister Ajit Singh informed reporters that according to current estimates, Indian airports would require an investment of about Rs 67,000 crore during the next five years alone of which 75 per cent is likely to be contributed by the private sector. It may be noted that the government approved 15 more airports under the Greenfield Airports policy with majority of them being developed under the public priva
Post
Railways to boost coal mine connectivity with Rs 40 bn investment
As part of its initiative to boost railway connectivity, the railway ministry plans to spend about Rs 4,000 crore to upgrade rail connectivity to coal mines. The investment, once materialises, would boost fuel supplies to power projects. Many power projects are suffering insufficient coal supply because of lack of rail conn