B Ravi, Chief Financial Officer of Adani Ports and SEZ (APSEZ) informed that the firm has made several representations to the government seeking permission for a new 1,840 hectare multi-product special economic zone. It may be noted that in October 2012, the gove
Tag: norms
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APSEZ seeks nod to re-notify Mundra SEZ
B Ravi, Chief Financial Officer of Adani Ports and SEZ (APSEZ) informed that the firm has made several representations to the government seeking permission for a new 1,840 hectare multi-product special economic zone. It may be noted that in October 2012, the gove
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Minister wants easing of norms for road projects
The Union Road Transport and Highways Ministry wants norms to be eased to facilitate midway transfer of contracts by one developer to another as a high number of road projects being stuck for want of equity.
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Cabinet to decide on proposed bank holding company
According to government sources, the cabinet would consider the proposal for setting up a bank holding company for state-run banks soon. The holding company is intended to enable state-run banks to raise capital from the market instead of seeking funds
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Ministry gets request for full tax break on provisioning
At a pre-Budget meeting with Finance Minister P Chidambaram, several banks have sought full deduction for income-tax purposes on the provisions made by them for bad and doubtful debts. If the request is accepted by the government, it would benefit banks in a big way at a time when non-perfo
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RBI may soon release final norms on bank licences
Anand Sinha, Deputy Governor of the Reserve Bank of India (RBI) informed media persons that the central bank would soon release the final guidelines on new banking licences. He said this while speaking to reporters on the sideli
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RBI may soon release final norms on bank licences
Anand Sinha, Deputy Governor of the Reserve Bank of India (RBI) informed media persons that the central bank would soon release the final guidelines on new banking licences. He said this while speaking to reporters on the sideli
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Govt announces new norms on security nod
Union shipping ministry has simplified security clearance rules for companies who wish to take up port projects. According to the new rules, security clearances issued by the ministry to a company would be valid for three years. The move is intended to fast-track port projects
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Govt to decide on funding for state-run banks
Financial Services Secretary DK Mittal informed that the government would soon decide on allocation of funding to boost the capital base of public sector banks. He also said that boards of each of the banks that need capital would have to decide whether they want to infuse capital through a rights issue. Leading public sector banks that need capital infusion are
India
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Ministry to study impact of cabotage law relaxation
According to a source-based information, union shipping ministry may not rush to relax cabotage laws for other ports in the country. This follows the demand from different ports, including JN Port and Vishakhapatnam for similar relaxations. The ministry may first study the impact of relaxation of the laws for international container transhipment terminal (ICTT) at Vallarpadam Kochi before relaxing it in other ports