Planning Commission member BK Chaturvedi has said that 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. The National Action Plan on Climate Change has recommended that India generate 10 per cent of its power needs from solar, wind, hydropower and other renewable sources by 2015, and an additional 5 per cent by 2020.
Tag: Union government
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Centre allots Rs 1,300 cr to Post Bank of India
For the proposed Post Bank of India, the Union government has decided to sanction Rs 1,300 crore to meet its capital requirements. Although Post Bank does not intend to open a bank branch in each post office, the plan is to use postmen to meet the financial inclusion goal. According to the plan, Post Bank will have 50 branches in the first year, which will be increased to 150 by the fifth year. The branches will be located in select Head Post Offices in Tier-1-4 centres and select Sub-Post Offic
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Mineral production in May higher than April: Govt
The Union government says that the index of mineral production of mining and quarrying sector in May 2013 was higher by 1.6 per cent compared to that of the preceding month. The mineral sector has shown a negative growth of 5.7 per cent during May 2013 as compared to that of the corresponding month of previous year. The total value of mineral production (excluding atomic & minor minerals) in the country during May 2013 was Rs 18,074 crore.
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Govt may take a call on aviation FDI cap
The Union government's decision to let the Cabinet Committee on Security (CCS) clear FDI proposals beyond 26 per cent in the defence sector technically leaves it open for CCS to even allow 100 per cent foreign investment in what the Defence Ministry will define as 'state-of-the-art' segments with safeguards built in to ensure that the technology and equipment are not shared with other countries.
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Centre clears Rs 961 cr investments in electronics sector
The Union Minister for Communications & IT and Law and Justice Kapil Sibal has said that the Union government has approved investment proposals worth Rs 961 crore from Samsung, Bosch and Sahasra for setting up of electronic systems design and manufacturing (ESDM) facilities in the country. The proposals were received under the Department of Electronics and Information TechnologyÂ’s Modified Special Incentive Package Scheme (M-SIPS), in which the government will provide up to Rs 10,000 crore in fi
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Assembly passes resolution to name terminal after MGR
Tamil Nadu has requested the Union government to name the second domestic terminal at the Chennai Airport after the former Chief Minister and the then popular hero actor MG Ramachandran. To this effect the Tamil Nadu Assembly passed a resolution. The State Chief Minister J Jayalalithaa moved the resolution in the Assembly.
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Funds sanctioned to build 3,500 km roads in Maha, Gujarat
For Maharashtra and Gujarat, the Union government has sanctioned money for building 3,500 km roads in the two states. In 3,500 km roads to be developed in the two states, Maharashtra's share will be 2,620 km. Ramtek MP Mukul Wasnik had conducted a review meeting of Pradhan Mantri Gramin Sadak Yojana (PMGSY) on July 13. He told the Congress workers in Nagpur that Nagpur would be included in the tenth phase.
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AAI to finalise sites of low-cost airports in Punjab
Within a fortnight of the Union government announcing three low-cost airports in Punjab, a high-powered committee of the Airport Authority of India (AAI) has arrived in the state to test the feasibility of the airports. On July 11, the four-member team led by Joint General Manager N Makhija arrived to check the economic and technical feasibility of constructing low-cost domestic airports in Patiala, Ferozepur, Jalandhar and Ludhiana.
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Jet-Etihad deal: Govt insists Jet to adhere to all rules
The Union government will insist that the Jet Airways promises to adhere to all Indian laws, rules and regulations, if it wants approval for selling its 24 per cent stake to Etihad. The insistence from the government comes as it fears that Jet Airways may shift key operations to Abu Dhabi. The government was specifically seeking this assurance as the Jet-Etihad investment proposal says the operations and 'revenue headquarters' of India's largest private airline will be shifted to Abu Dhabi and
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Manipur govt mulls to widen all key roads in state
The Manipur government has sent a proposal to the Union government for upgradation of Jiribam-Churachandpur Road and widen all important roads in the state, the State Works Minister Kh Ratankumar said. The Minister was speaking as chief guest at a foundation laying ceremony for an RCC Bridge which is to be constructed over Khuga River to connect Lamjangphai and Thingchom in Churachandpur district on June 6.