Rs 2,024 crore revised grant for Kochi Metro
Thiruvananthapuram: Cabinet on Wednesday decided to grant revised administrative sanction worth Rs 2,024 crore for the construction of metro line from Jawahar Lal Nehru Stadium to Kakkanad covering a...
View ArticleDalal Street week ahead: FPIs unlikely to return in a hurry
By Jimeet Modi The domestic stock market opened sharply lower at the beginning of the week on fears that the reforms process will slow down further because of the political setback that the NDA...
View ArticleBig wins for reforms after loss in Bihar; changes fast-tracked by PMO
NEW DELHI: The Narendra Modi government announced a series of changes to India's foreign direct investment (FDI) policy on the eve of Diwali that were described as unprecedented in scope since the...
View ArticleCentre announces 3% interest subsidy scheme to boost exports
Concerned over the decline in exports for the11th consecutive month, the government on Wednesday announced a 3% interest subsidy scheme for exporters to make the labour-intensive exports sector...
View ArticleDisinvestment of 10 percent paid up equity capital in Coal India Limited...
(Source: Ministry of Finance of the Republic of India) Press Information Bureau Government of India Ministry of Finance 18-November-2015 17:32 IST Disinvestment of 10 percent paid up equity capital in...
View ArticleCabinet clears $7-billion reform package to boost discoms
NEW DELHI: The Cabinet has cleared an ambitious $7 billion debt-recast and reform package to revive loss-making state utilities, which have choked the power sector by imposing blackouts on customers...
View ArticleGovt announces 3% interest subsidy to boost exports
NEW DELHI: Concerned over continuous decline in exports, government on Wednesday announced 3 per cent interest subsidy scheme for exporters which will have a financial implication of about Rs 2,700...
View ArticleInitial Public Offer of Cochin Shipyard Limited (Ministry of Shipping of the...
(Source: Ministry of Shipping of the Republic of India) Press Information Bureau Government of India Ministry of Shipping 18-November-2015 15:34 IST Initial Public Offer of Cochin Shipyard Limited The...
View ArticleHighway to growth: Government spending on roads likely to go up by 50 per...
NEW DELHI: The government plans to raise its roads construction target for the next fiscal by a steep 50%, taking the total spend to Rs 1.5 lakh crore. Road, Transport and Highways Minister Nitin...
View ArticleBuilt To Last
One of the sectors worst affected by the economic slump of the last few years has been infrastructure. Star companies of the 2000s - the GMR Group, the GVK Group, or Lanco Infratech - have been reeling...
View ArticleStake sale in coal India to raise Rs 20,000 crore
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved disinvestment of 10 per cent in Coal India Limited that could raise as much as $3 billion. It also gave its approval...
View ArticleCCEA okays production subsidy of Rs 4.5/quintal to cane growers
NEW DELHI: The government today decided to pay a production-linked subsidy of Rs 4.50 per quintal directly to cane farmers in the 2015-16 season to help cash-starved sugar mills clear arrears -- a move...
View ArticleRise in oil consumption hints at likely economic liftoff
MUMBAI: A bunch of key barometers of economic health has shown steady improvement in the past months, an encouraging sign that growth may be finally picking up momentum. Commercial vehicle sales, a key...
View ArticleCabinet approves IPO of Cochin Shipyard, to sell 10% stake
NEW DELHI: Government today approved initial public offer (IPO) for Cochin Shipyard to offload 10 per cent stake in the...
View ArticleGovt approves 10% stake sale in Coal India
The government on Wednesday approved 10 per cent stake sale in the state-owned Coal India. This is expected to garner Rs 20,000 crore as part of government’s aim to raise Rs...
View ArticleNHAI authorised for rationalised compensation for project delays
New Delhi, Nov 18 (IANS) The National Highways Authority of India was on Wednesday authorised to decide on rationalized compensation to concessionaires for delays not attributable to concessionaires...
View ArticleCabinet nod to disinvest 10 percent stake in Coal India
New Delhi, Nov 18 (IANS) The union cabinet on Wednesday approved a further divestment of 10 percent government stake in Coal India Ltd.(CIL). "The disinvestment of 10 percent stake in Coal India Ltd....
View ArticleGovernment to compensate road developers in case of delays
NEW DELHI: In yet another policy decision to fast-track highway building, the government today authorised NHAI to pay...
View ArticleInfrastructure project budgets may exclude land cost for faster clearances
NEW DELHI: The government could soon give the go-ahead to excluding the cost of land while computing the total cost of infrastructure projects, a measure that will allow more ministries to clear their...
View ArticleAuthorizing National Highways Authority of India (NHAI) for rationalized...
(Source: Ministry of Road Transport and Highways of the Republic of India) Press Information Bureau Government of India Ministry of Road Transport & Highways 18-November-2015 15:36 IST Authorizing...
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