The Union Cabinet on June 27 cleared a proposal that will allow the construction of highways of up to 100-km length and 40-m width without seeking an environment clearance. So far, environment clearance was mandatory for building any highway stretch that was over 30-km long and more than 20 metre wide.
Tag: proposal
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Now, Road Ministry can okay projects upto Rs 500 cr
The Union Cabinet Committee on Economic Affairs has approved the proposal to delegate powers for appraisal and approval of national highways projects of upto Rs 500 crore to the Ministry of Road Transport & Highways.
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APL in the process of delisting its shares
Loss-making Assam Petrochemicals (APL) is in the process of de-listing the company from the Bombay Stock Exchange (BSE) amidst the proposal of Oil India to buy stake in the firm. State-run OIL is in talks with Assam government, which is holding 88.2 per cent stake in APL, for buying 49 per cent equity in the company. Domestic institutions and others hold the remaining stake in
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Task force recommends projects worth over Rs 100 bn
The Odisha government's State Level Task Force on Steel recommended approval for investment proposals worth over Rs 10,000 crore in the steel sector. In a recent meeting, the task force decided that the investment would be approved by the Single Window Clearance Committee (SWLC) headed by Chief secretary
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Kerala govt addresses hurdles in Vizhinjam project
Kerala Chief Minister Oommen Chandy said that the state government was sorting out several obstacles including getting environmental clearance for the Vizhinjam International Seaport project. He said this while denying the allegation that the state government was trying to delay the project. He further informed that the state government set a time line for each proc
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DIPP clears RBI proposal on FDI
In order to protect the interests of foreign investors, the department of industrial policy and promotion (DIPP) approved the proposal to route the foreign direct investment (FDI) in shares of Indian companies through an escrow account. The proposal was mooted by the Reserve Bank of India (RBI) as it found that some Indian companies, who receive FDI, failed to issue shares till the deadline of 180 days near
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Govt officials not in favour of limiting FII investment
Government officials are not in favour of the proposal of Reserve Bank of India (RBI) to restrict the investment of foreign institutional investors (FIIs) to the secondary market. At a recent meeting, Department of Economic Affairs Secretary Arvind Mayaram, discussed the issue with
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Proposal to expand Bhopal-Nagpur highway rejected
The Union Environment Ministry has rejected a National Highway Authority of India's (NHAI) proposal seeking expansion of a road connecting Bhopal and Nagpur that cuts through a proposed tiger reserve in Madhya Pradesh. The Standing Committee of National Board for Wildlife, chaired by Environment Minister Jayanthi Natarajan, has accepted an expert panel report which said that four-laning of NH-69 within the Ratapani Wildlife Sanctuary cannot be permitted currently" as tigers and other wild animal
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Proposal to expand Bhopal-Nagpur highway rejected
The Union Environment Ministry has rejected a National Highway Authority of India's (NHAI) proposal seeking expansion of a road connecting Bhopal and Nagpur that cuts through a proposed tiger reserve in Madhya Pradesh. The Standing Committee of National Board for Wildlife, chaired by Environment Minister Jayanthi Natarajan, has accepted an expert panel report which said that four-laning of NH-69 within the Ratapani Wildlife Sanctuary cannot be permitted currently" as tigers and other wild animal
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Rajasthan govt studies proposed CGD venture
Rajasthan government is evaluating the proposal of Cairn India to partner with Rajasthan State Petroleum Corporation (RSPCL) and Gail to launch city gas distribution service in the state, reports indicate. The state government may take a final decision by this month-end, according to some media reports. The company could be a good fit as the original contours of the J