It is as though news of the slow growth of 7.7 per cent-the slowest in six quarters-as reported for the quarter ending June, as against a healthy 8.8 per cent in the same period last year, was anticipated with resignation.
Tag: Update
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RIL withdraws from Oman
Reliance Industries (RIL) has withdrawn from an offshore oil exploration block in the Sea of Oman.
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India committed to IPI proj
Indian government is keen to pursue the ambitious Iran-Pakistan-India (IPI) gas pipeline project.
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Rs 1.5 tn facelift for ports
The Ministry of Shipping has drawn out an investment plan of Rs 155,455 crore for modernisation and expansion of ports during the 12th Five Year Plan.
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Banks to offload infra portfolio to IIFCL
The government will ask banks to sell their infrastructure portfolio to state-run Indian Infrastructure Finance Company (IIFCL) to free up funds and reviving a crucial scheme for long-gestation projects.
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Global bids for Kochi ship repair yard
Having failed to rope in its neighbouring public sector shipyard, the Cochin Port Trust has decided to go in for a global tender to choose a partner for its proposed ship repair yard.
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Separate dept for IWT in west Bengal
Inland water transport (IWT) system in West Bengal will soon be carved out into a separate department.
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Coal transportation norms
Union Ministry of Environment and Forest (MoEF) is planning to reduce the distance of carrying the coal having more than 34 per cent ash content to the power plant from 1,000 km to 500 km from the pit-head.
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Draft telecom security policy
A telecom security policy mandating that at least 50 per cent of all 'core telecom network equipment' be indigenously developed or manufactured is being proposed.
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Power capacity grew
During the 11th Plan, 40,781 MW of power capacity has been added which is nearly double the capacity added in the entire Tenth Plan, Union Minister of Power Sushilkumar Shinde said.