The Union Government, plans to re-negotiate contracts worth Rs 99,000 crore with some of the private developers to give them payment concessions, instead of imposing penalties.
Tag: October
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NHAI to meet banks before lending
Feeling that banks are misguided over lending to road developers, the National Highways Authority of India (NHAI) has asked the banks to hold joint meetings with it before lending to road projects.
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Orissa highway development
Orissa is to repair its state highways at a cost of Rs 3,000 crore in the next four years. The state government has started process for tenders for road works of 381 km in the first phase at a cost of Rs 633 crore.
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Nod to projects worth Rs.1.2 lakh cr on Delhi-Mumbai corridor
Entailing an investment of Rs 1.2 lakh crore, the Delhi-Mumbai Industrial Corridor Trust has approved nine projects. Industrial townships and logistic hubs are included in the projects. The Union government, state governments and private firms would fund the projects.
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Jaipur Metro to get Central funding
The Union Urban Development Secretary Sudhir Krishna said that the Union government is to make equity investment in Jaipur Metro, which till now, was funded by the state government. The proposal will be put forth Union Cabinet soon, he said without revealing further details.
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Bill for speedy dispute resolution
For speedy resolution of the public-private partnership (PPP) disputes, a draft bill is being prepared by the Planning Commission. The Commission will soon finalise the bill to place it before the Cabinet for approval, reports indicate.
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Coal block auction policy cleared
The Union Coal Minister Sriprakash Jaiswal said that the governm
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PM underlines G-20 role in reviving growth
The Prime Minister Manmohan Singh at G-20 Summit at St. Petersburg called for extensive consultations within the G-20 countries to tackle the current currency crisis.
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Nod to shale gas, oil exploration
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Ministry of Petroleum and Natural Gas on the policy on exploration and exploitation of shale gas
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Fresh iron ore mining ban in Goa
Fresh mining of iron ore has been banned in Goa by the new mineral policy in the state. The Goa Mineral Policy was notified on September 28.