Bharat Petroleum and Hindustan Petroleum will lose a whopping Rs 177,562 crore on selling fuel at government-controlled rates this fiscal, 68 per cent more than what they lost in high-cost 2008-09.
Tag: Pranab Mukherjee
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Tax holiday extended to 2012
In a bid to boost power capacity, Finance Minister Pranab Mukherjee said tax holiday for power sector would be extended till 31 March 2012.
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GoI to standardise infra definition
In order to bring about uniformity and target concessions to the right segments, the government will decide on the segments that will be classified under infrastructure sector.
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Cold storage: the chain gets hotter
After making the right noises for four years, the current Budget finally makes a bolder move in making agricultural storage more scientific, more structured and more viable.
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Power cos' tax holiday extended to Mar 2012
In a bid to boost power capacity, Union Budget 2011-12 extended tax holiday for power sector projects including Ultra Mega Power Projects which take off this fiscal.
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Govt monitoring crude oil prices: Mukherjee
Expressing concern over the rise in crude oil prices in international markets due to turmoil in the Middle East, Finance Minister Pranab Mukherjee said the government is monitoring the situation and will manage it.
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British India Infrastructure Group (BIIG) launched
The Britain India Infrastructure Group (BIIG) was launched in UK to facilitate the development of infrastructure in India with the involvement of senior officials from both sides and the major private sector players in infrastructure development.
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Draft mining bill gets GoM nod
In November, our cover story debated the draft Mines and Minerals (Development and Regulation) Act, 2010 that will provide 26 per cent of company profit to the locals.
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PPP for those unable to pay
Finance Minister Pranab Mukherjee indicated that public-private-partnership (PPP) projects should be directed to people who cannot pay for infrastructure services as it would ensure inclusive growth.