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Six states agree for discom debt rejig package

Six states agree for discom debt rejig package

For the Union governmentÂ’s debt restructuring plan for State-owned power distribution companies, at least six states have agreed to subscribe. The deadline for States to opt for the package has been extended by three months and would now end on March 31. The three-month period would be used to accommodate agreements by more states and ensure consensus building among stakeholders.
Once accepted by all states, the Rs 1.9-lakh-crore package is expected to bail out financially-stressed distribution

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Policy on regional air connectivity

Policy on regional air connectivity

Within the next three months, the Union Government hopes to have a plan ready to promote regional air connectivity, Union Minister for Civil Aviation Ajit Singh said. A committee appointed by the Ministry to give recommendations to promote regional connectivity would submit its report by January 31.The government hopes to have some policy in place in about two months after the report is submitted.

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Policy on regional air connectivity

Policy on regional air connectivity

Within the next three months, the Union Government hopes to have a plan ready to promote regional air connectivity, Union Minister for Civil Aviation Ajit Singh said. A committee appointed by the Ministry to give recommendations to promote regional connectivity would submit its report by January 31.The government hopes to have some policy in place in about two months after the report is submitted.

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Centre eyes stiff road target in Five-year plan

Centre eyes stiff road target in Five-year plan

To get at least 47 per cent investment from the private sector during this 12th Five Year Plan (2012-17) period for construction of highways, the Union government is likely to set a stiff target for Road Transport and Highways Ministry. This is 9 per cent more than what the sector has got during the 11th Five Year Plan.

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Govt’s regulation may push growth in oil & gas sector

Govt’s regulation may push growth in oil & gas sector

The Union government shows signs of addressing the problems of petroleum sector. Investors, though selective, are turning bullish as the government appears to be moving towards market pricing of petro products, though total decontrol may be years away.

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ADF in Mumbai, Delhi to stay at lower sum

ADF in Mumbai, Delhi to stay at lower sum

The Union government is now plans to lower the airport development fees by spreading it over a longer tenure. The Union Ministry of Civil Aviation had on October 16 asked the Airports Authority of India (AAI) to infuse more equity into Delhi and Mumbai airports so that the Airport Development Fee (ADF) that is charged from passengers flying into these airports can be scrapped from January 1.

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Rajasthan Road Project

Rajasthan Road Project

For Rajasthan, the Union Government is likely to approve a Rs 4,355-crore project for construction of 1,300 km roads, Union Minister for Road Transport and Highways, CP Joshi, said. The construction of 1,869-km long roads in the state was completed at a cost of Rs 12,000 crore and work on an additional 1,243-km is underway, he said at a function in Jaipur.

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Rajasthan to get nod for Rs 4,355 cr road project

Rajasthan to get nod for Rs 4,355 cr road project

For Rajasthan, the Union Government is likely to approve a Rs 4,355 crore project for construction of 1,300 km roads, Union Minister for Road Transport and Highways C P Joshi said on November 18. The construction of 1,869-km long roads in the state was completed at a cost of Rs 12,000 crore and work on an additional 1,243-km is underway, he said at a function in Jaipur.