Uttar Pradesh Chief Minister Akhilesh Yadav laid foundation stone for infrastructural projects worth over Rs 3,300 crore. These include Rs 2,200 crore roads and bridges projects, besides power transmission and distribution projects worth over Rs 1,100 crore. Speaking to reporters after laying foundation, Yadav promised that his government would go full throttle in
Tag: Uttar Pradesh
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Panel proposes 50% funding from centre for metro project
Uttar Pradesh government-appointed panel has proposed to implement the Rs 1,800 crore metro rail project in Lucknow by securing 50 percent funding from the central government. The state government appointed a high-level committee headed by Chief Secretary Jawed Usmani to work out the details of the project
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Jindal, IL&FS keen to partner NMDC for UP power plant
Jindal Power and IL&FS Energy Development Company have individually evinced interest to partner NMDC in setting up a 2X250 mw thermal power plant in Uttar Pradesh at an estimated cost of Rs 2,000 crore. Jindal Power and IL&FS Energy Development Company have shown interest to be a joint venture partner of NMDC for its proposed power plant in Uttar Pradesh.
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MFIs exercise caution on lending to MLMs
Microfinance institutions (MFIs) in the country have reportedly started scrutinising the investment of their large borrowers following the Saradha chit-fund scam. While so far MFIs were verifying the client profile mostly through word-of-mouth from group members, now they are seeking data on investments from borrowers who invested in multi-level-marketing (MLM) companies. Som
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UP govt urges LDA to expedite riverfront project
Uttar Pradesh government has been urging the Lucknow Development Authority (LDA) to expedite work on the Gomti river front project. Lack of coordination between different authorities caused undue delay in the project, which is planned on the lines of the Sabarmati riverfront development proje
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UP govt takes steps for Kanpur airport project
Uttar Pradesh government urged its officials to expedite the preparation of an action plan for the proposed new airport project in Kanpur. The state government plans to find a land in Kanpur Dehat district for the project. Further, the state chief secretary Ja
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MFIs improve access to financial services in Bihar, UP
Reports suggest that some microfinance institutions (MFIs) like Cashpor and Utkarsh are successfully meeting the financial service needs of rural areas in north India, especially Bihar and Uttar Pradesh. Some reports suggest that in the next few years, people in Eastern Uttar Pradesh and Northern Bihar will have
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Utkarsh may get funding from existing investors
Utkarsh Micro Finance may receive capital infusion from its existing investors in order to support its business expansion plan in the low-income states of Uttar Pradesh and Bihar. International Finance Corporation (IFC), Aavishkaar Fund II and Norwegian Microfinance Initiative are the existing investors in the microfinance
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HC asks NHAI to explain stand on encroachments
In Uttar Pradesh, the Lucknow bench of the Allahabad high court has expressed concern over rampant encroachment along the national highway on the 15-km stretch from the engineering college on Sitapur Road to the Barabanki border on Faizabad Road. The high court on April 2 issued a notice to the National Highway Authority of India for reply and fixed April 9 for next hearing.
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Yamuna Expressway project has opened plethora of opportunities for the state
Yamuna Expressway project is a classic example of how a huge tract of land can be utilised to develop industries of so many types, facilities of all kinds and much more.