The Union government intends to boost investment in port infrastructure. By allowing port operators to tweak freight handling tariff for new public- private partnerships projects in the 12 government-owned ports. It's a clarion call for more investment in port infrastructure. The government's new guidelines for future port projects will allow port operators to annually increase, upto a set limit, cargo handling rates, on the basis of market forces.
Tag: Union government
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Govt aims to build Rs 33,688 cr road projects in 3-yrs
Under the Special Accelerated Road Development Programme, the Union government has set a target to complete Rs 33,688 crore projects by June 2016 to improve infrastructure in the country's North Eastern region. The phase A of SARDP-NE including Arunachal Package covers 6,418 km at an estimated cost of Rs 33,688 crore. The project is targeted for completion by June, 2016, the Road Transport and Highways (RTH) Ministry said. The projects are being executed by the States Public Work Departments, Bo
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Govt aims to build Rs 33,688 cr road projects in 3-yrs
Under the Special Accelerated Road Development Programme, the Union government has set a target to complete Rs 33,688 crore projects by June 2016 to improve infrastructure in the country's North Eastern region. The phase A of SARDP-NE including Arunachal Package covers 6,418 km at an estimated cost of Rs 33,688 crore. The project is targeted for completion by June, 2016, the Road Transport and Highways (RTH) Ministry said. The projects are being executed by the States Public Work Departments, Bo
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Govt eyes Rs 3,750 cr via 10 per cent stake sale in Indian Oil
The Union government, which holds 78.92 per cent stake in Indian Oil Corporation (IOC), will sell 10 per cent stake in IOC. Through the stake sale the government expects to garner around Rs 3,750 crore to the exchequer at the current market price. The Union Cabinet on August 1 cleared the proposal in this regard. At current market price, the sale of 10 per cent stake or 19.16 crore shares would fetch the government Rs 3,750 crore. The disinvestment department of the government has already select
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Govt to raise Rs 350 cr via stake sale in NLC
The Union government's 3.56 per cent stake sale of Neyveli Lignite Corporation (NLC) through the institutional placement route was scheduled to hit the markets on August 2 and is expected to fetch around Rs 350 crore to the exchequer. The government is selling 3.56 per cent stake or over 5.58 crore shares in NLC through an institutional placement programme (IPP) in which the Tamil Nadu based state entities would be given preference while allotment of shares.
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Govt relaxes policy on FDI in multi-branded retail trade
The Union government on August 1 approved the amendment or relaxation of the foreign direct investment (FDI) policy on multi-brand retail trading (MBRT), by easing main contentious riders on such money. These three riders, added as conditions to last yearÂ’s decision to open FDI in this segment, were on a mandatory 30 per cent sourcing from small domestic industries, 50 per cent of the investment to be in back-end infrastructure and outlets to be opened only in cities with population of more than
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Haryana’s Hisar, Karnal to have domestic airports
The Union government has cleared two domestic airports at Karnal and Hisar in Haryana. The Union government said the airport sites were selected on account of technical feasibility, security, aviation needs and other logistics. Both Hisar and Karnal already have flying clubs and the state would not find it difficult to expand them into full-fledged domestic airports. Other locations were also considered, but rejected on account of difficulties in acquiring land and also since the flight path wou
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FDI relaxation in multi-branded retail
The Union government approved the relaxation of the foreign direct investment (FDI) policy on multi-brand retail trading (MBRT), by easing main contentious riders on such money.
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Separate grid for solar, wind projects
The Union Government would set up a green corridor to generate power from solar and wind capacities that were established at a cost of Rs 50,000 crore, Planning Commission member BK Chaturvedi has said
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Govt invites bids from PSUs for 5 lignite blocks
The Union government has called bids from public sector undertakings (PSUs) for 5 lignite blocks with an estimated 156 million tonne of reserves. The lignite blocks in Gujarat and Rajasthan will be awarded to State-run companies depending on various factors like location of the end use project and preparedness of the end use project, a government notice said.