Some reports criticised the Chennai Municipal Corporation and the state government for making wrong choice of roads for repair projects. Residents complain that the civic body chose good roads for repair projects while neglecting poor quality roads for such projects. For example, the civic body chose Gandhi Nagar that already has good roads and pavements
Tag: project
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Govt to upgrade Juhu airport for Rs 20 bn
Media reports indicate that the union government approved a Rs 2,000 crore project to extend the runway of Juhu airport in Mumbai by 650 metre into the sea. The project, which is part of the overall plan to redevelop the airport, is intended to begin operation of private jet and small turboprop and ATR in
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PM wants ADB to devise novel ways for financing infrastructure
For the long-term infrastructure needs of the region, Prime Minister Manmohan Singh asked the Asian Development Bank (ADB) to introduce innovative instruments. Speaking at the multilateral lending body's annual meeting in New Delhi, Singh said the ADB must find innovative ways to channelise global savings into infra
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IMF deputy head expects 5.8 per cent economic growth
In 2013-14, the Indian economy may expand 5.8 per cent and in 2014-15 it may grow 6.3 per cent, Naoyuki Shinohara, Deputy Managing Director of the IMF said. This compares to an average growth rate of 8.7 per cent for the five years prior to the global financial crisis, he said
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IMF deputy head expects 5.8% economic growth
In 2013-14, the Indian economy may expand 5.8 per cent and in 2014-15 it may grow 6.3 per cent, Naoyuki Shinohara, Deputy Managing Director of the IMF said. This compares to an average growth rate of 8.7 per cent for the five years prior to the global financial crisis, he said
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ADB commits $10 bn for projects in India
Takehiko Nakao, the new President of the Asian Development Bank (ADB) informed that the multilateral lending agency would maintain its annual lending at $10 billion (Rs 54,000 crore) to India over the next three years. He said this to media persons at the end of the ADB's 46th annual meeting in New Delhi. He also informed that the bank was facing resource constraints and it wou
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Govt envisages Rs 5 trillion investment in power sector
Union Power Minister Jyotiraditya Scindia outlined the need to resolve all the issues faced by the power sector in order to achieve the total installed capacity target of almost 315 gigawatts by 2016-17. In order to realise this target, the government envisages an investment of about Rs five lakh crore during this
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Task force suggests renewal of 11 MoUs
The Odisha government's task force on steel recommended renewal of memorandum of understanding (MoUs) of 11 steel companies in the state based on milestones achieved. The 11 MoUs are part of a list of 15 steel projects whose field verification has been completed by Ipicol. The draft MoUs of the 11 steel companies are prepared by the state steel & mines department. Ipicol will take the views of other concerned departments on the MoU, said steel & min
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Govt to upgrade roads under PMGSY phase II
The union government decided to upgrade the roads already built for village connectivity under the Pradhan Mantri Gramin Sadak Yojna (PMGSY) phase I. The roads would be upgraded under the phase II of the ambitious scheme. Meanwhile, the centre will continue the pending work on the phase I of PMGSY. The union cabinet recently cleared the plan of the Rural Development Minister Jairam Ramesh to introduce the
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Govt to upgrade roads under PMGSY phase II
The union government decided to upgrade the roads already built for village connectivity under the Pradhan Mantri Gramin Sadak Yojna (PMGSY) phase I. The roads would be upgraded under the phase II of the ambitious scheme. Meanwhile, the centre will continue the pending work on the phase I of PMGSY. The union cabinet recently cleared the plan of the Rural Development Minister Jairam Ramesh to introduce the