The Cabinet cleared setting up mobile towers at cost of around Rs 3,046 crore in nine states affected by naxal violence to improve communication. State-owned BSNL will set up towers at 2,199 locations in the nine states in next 12 months, Finance Minister P Chidambaram said after a Cabinet meeting.
Tag: P Chidambaram
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Ambiguity on FDI policy
Government is reportedly working on removing ambiguities in the definition of foreign direct investment (FDI) and foreign institutional investment (FII) and it is expected to issue clarification on the same.
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Chidambaram in favour of merging public sector banks
Union Finance Minister P Chidambaram has stated that the 26 State-owned lenders may be better to be merged.
Some banks, including among the 26 public sector banks that the country has, may be better off merging, Chidambaram said in his inaugural lecture on the occasion of Annual Day of Competition Commission of India. The need for two or three world-sized banks in an economy that is poised to become one among the five largest in the world is rather obvious, he added.
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FM meets bankers, industrialists to speed up projects
Union Finance Minister P Chidambaram on May 14 met top bank executives and leading industrialists in Bangalore on speeding up execution of infrastructure projects by addressing procedural and structural issues.
The finance minister has assured the industrialists all help in executing pending projects and kick-starting new projects to spur growth and attract more investments in the infrastructure sector, especially power, roads, highways and ports, a leading industrialist who participated in the
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Action: Bric by bric
The Cabinet Committee on Investment is moving steadily in the direction of unwinding gridlocks. After the last meeting this month with banks P Chidambaram has initiated them to highlight the funded projects which are stuck due to clearances. The banks have moved with alacrity and their first such meeting took place in Bangalore hosted by Canara Bank
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Action: Bric by bric
The Cabinet Committee on Investment is moving steadily in the direction of unwinding gridlocks. After the last meeting this month with banks P Chidambaram has initiated them to highlight the funded projects which are stuck due to clearances. The banks have moved with alacrity and their first such meeting took place in Bangalore hosted by Canara Bank
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Centre to set up road regulatory authority
Union Finance Minister P Chidambaram on March 28 announced the proposal to set up a road regulatory authority to address issues such as financial stress, construction risk and contract management in the sector.
The Minister said the independent regulatory authority will be set up in 2014 to address all issues faced by the road sector.
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Bankers begin initiative to move stalled infra projects
Taking note of Finance Minister P ChidambaramÂ’s suggestion, chiefs of public sector banks (PSBs) and State-owned financial institutions on March 18, banks have begun the process of region-wise stock-taking of new and stalled infrastructure projects. The first meeting of bankers, organised by Canara Bank, was held in Bangalore last week.
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Bankers begin initiative to move stalled infra projects
Taking note of Finance Minister P ChidambaramÂ’s suggestion, chiefs of public sector banks (PSBs) and State-owned financial institutions on March 18, banks have begun the process of region-wise stock-taking of new and stalled infrastructure projects. The first meeting of bankers, organised by Canara Bank, was held in Bangalore last week.
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Govt to declare sixth waterway
India has five inland waterways and the Central Government is in the process of dec¡laring the Lakhipur-Bhanga stretch of river Barak in Assam as the sixth National Waterway. The Minister of Water Resources will move a Bill in Parliament for declaring