Oil Minister Veerappa Moily informed reporters that his ministry was yet to process and finalise its view on a proposal to raise fuel prices, on the lines of the recommendation of Kelkar committee. Raising diesel prices is essential in order to reduce the under-recovery of the three public sector oil mark
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FIPB clears only one FDI proposal out of 14
While considering 14 proposals for Foreign Direct Investment (FDI), the Foreign Investment Promotion Board (FIPB) approved only one proposal worth Rs 27.27 crore, the Finance Ministry said in a statement. Of the remaining proposals, decision on six were deferred while seven other proposals were rejected. Decision of these 14 pending proposals was deferred at its earlier meeting, the Finance Ministry said in
Govt to widen Chamarajanagar’s double road
The Karnataka government has prepared a proposal for widening of B Rachaiah Double Road in Chamarajanagar. Funds have been set aside to shift the water supply pipeline, light poles and UG cables as part of the widening work and clearing illegal compounds.
Kerala Maritime board plan gets cabinet approval
Kerala Minister for Ports and Fisheries K Babu informed that the state cabinet cleared the proposal to set up a maritime board in the state and also approved the draft