New Delhi: With a view to giving a push to investments and boost growth, the Prime Minister's Office (PMO) on Friday announced a roadmap for implementation of flagship infrastructure projects which include three airports, two major ports and rail corridors schemes. The ministries concerned will be required to complete the formalities for implementation of the projects in a time-bound manner and will also regularly monitor their progress, said a PMO...
04:40 AM, Jul 28, 2012
New Delhi: Problems in the Airport Metro Express have got mired in a blame game with operator Reliance Infrastructure putting the entire onus on Delhi Metro for defects in the civil structure because of which the services had to be suspended. As a joint inspection team of Delhi Metro, Reliance Infrastructure and Indian Railways gave its findings, the Government on Monday appointed a two-member committee to find and fix responsibility...
04:31 AM, Jul 17, 2012
New Delhi: The Urban Development Ministry will meet with officials of Reliance Infrastructure and the DMRC to try and resolve the issue of the Metro Airport Express which has been shut for the time being due to technical problems and safety risks. The ministry is likely to make a statement on Monday afternoon regarding the airport metro suspension. Delhi Metro has sought to shift the blame on Airport Express Metro...
06:46 AM, Jul 16, 2012
Mumbai: The domestic aviation sector first needs sweeping policy reforms, particularly regarding jet fuel taxes and free ticket pricing, before allowing FDI into the sector, an ICICI Securities report said on Wednesday. With passenger traffic moving into single-digit growth, due to higher ticket prices, along with last year's high base effect, the report said that developments at Air India and Kingfisher Airlines have helped other carriers maintain a healthy growth...
01:02 AM, Jun 21, 2012
New Delhi: Claiming that the infrastructure development plan set out at a meeting convened by the Prime Minister will prove to be a "non-starter", BJP on Friday said the government has no resource mobilisation plan for the one trillion dollars needed for implementing these schemes. "The much-hyped meeting for the infrastructure boost will prove a non-starter.... The Prime Minister stressed that one trillion dollars are required to be invested in...
03:47 AM, Jun 09, 2012
Bangalore: Industry captains on Thursday welcomed Prime Minister Manmohan Singh's push to infrastructure by setting an Rs 2 lakh crore investment target in the current fiscal to revert to 9 per cent economic growth. "Any investments and initiatives to spur economy and create jobs is welcome. I feel the PM's announcement is very good. Of course we need to make sure that there is action and get the work done,"...
05:19 AM, Jun 08, 2012
India Inc appreciates Prime Minister Manmohan Singh's move to hold a review meet on infrastructure targets. Singh on Wednesday held a meeting to finalise the targets for infrastructure for the year 2012-13. He also reviewed the targets and approved them. ...
06:03 PM, Jun 07, 2012
New Delhi: Prime Minister Manmohan Singh on Wednesday held a meeting to finalise the targets for infrastructure for the year 2012-13. The Prime Minister reviewed the targets and approved them. In his remarks, he expressed happiness at the level of commitment being shown by his ministerial colleagues and their officers in giving a major push to these important sectors. The Prime Minister felt that the targets set are certainly ambitious...
10:15 PM, Jun 06, 2012
New Delhi: Prime Minister Manmohan Singh has called a meeting of the various ministries, including power and coal, on Wednesday to review the progress of infrastructure projects. Singh would meet the ministers of power, coal, civil aviation, railways and shipping in the evening at his residence, sources said. Various power and road projects are stuck due to environment or financial hurdles. Today's meeting may address these issues, sources said. Many...
02:44 PM, Jun 06, 2012
New Delhi: Against the backdrop of economic slowdown, Prime Minister Manmohan Singh is expected to issue directions for scaling up infrastructure targets when he holds a meeting on Wednesday to take stock of such sectors at a time when projects worth Rs 1.46 lakh crore are pending. The meeting, called as part of an exercise to boost investor sentiment in the country, will be attended by ministers of infrastructure ministries...
02:29 AM, Jun 05, 2012
New Delhi: Prime Minister Manmohan Singh has summoned key ministers to discuss and review infrastructure and the economy of the country, government sources have said. Sources said that the review meeting will take place on Wednesday. Some measures and action to boost growth are expected, sources said. ...
02:11 PM, Jun 04, 2012
Jamshedpur: Tata's JUSCO is a company that takes its Corporate Social Responsibility very seriously. It is the equivalent of a municipal corporation for Jamshedpur, providing 24-hour portable drinking water, uninterrupted power supply and infrastructure for the local population. For the not-so-privileged of Jamshepdur, a regular day begins stocking up drinking water from a tanker. A free service by the Jamshedpur Utilities and Services Company Limited, popularly called JUSCO, the TATA...
09:50 AM, Jun 01, 2012
New Delhi: Commuters travelling on the Delhi Metro's Airport Express line managed by Reliance Infrastructure can now have uninterrupted mobile phone connectivity, a company official said here Monday. "Reliance Infrastructure constantly works towards enhancing commuter comfort and convenience. A complete bouquet of Reliance Commmunication, Vodafone, Airtel, Idea and Aircel services will now be available at all the stations of the Airport Express line," a Reliance Infrastructure spokesperson said. According to...
12:31 PM, May 01, 2012
New Delhi: In a bid to strengthen the commercial ties between the two countries, India and Japan on Monday agreed to boost cooperation in infrastructure projects in DMIC, railways and energy sectors at their first Economic Dialogue. Besides the Delhi-Mumbai Industrial Corridor, the two countries also agreed to accelerate cooperation in infrastructure development in the areas along the Chennai-Bengaluru Industrial Corridor. "We discussed the entire gamut of issues in which...
03:58 AM, May 01, 2012
New Delhi: The New Delhi airport will become the world's most expensive, with its operator GMR Infrastructure Ltd permitted to raise charges, hurting the airport's ambition to become an aviation hub, an airline industry body said. Earlier on Wednesday, GMR, which received a regulatory approval to raise the airport charges from May 15, called the increase "inadequate" to cover its costs. Air ticket prices for international flights operating from the...
01:30 AM, Apr 26, 2012
Chennai: A week after condemning the continued reduction in Central funds for modernisation of the Tamil Nadu Police, Chief Minister J Jayalalithaa on Tuesday announced a number of measures to give a fillip to the force, including a package of Rs 1,000-crore to develop the department's infrastructure over the next four years, of which Rs 250 crore would be allocated this year. Other steps announced by the CM in the...
09:29 AM, Apr 25, 2012
Beijing/New Delhi: Power Construction Corporation of China has signed a $2.4 billion contract to build four generators of 660 mw capacity each in the second phase of a coal-fired power plant in South India. The deal was signed with India's Infrastructure Leasing and Financial Services Limited (IL&FS) to set up the massive coal fired generators, according to a statement posted on the state-owned company's website. The deal is an EPC...
01:39 AM, Apr 14, 2012
New Delhi: In an embarrassment for BJP president Nitin Gadkari, a CAG report tabled in the Chhattisgarh Assembly says coal blocks were allocated to his key aide Ajay Sancheti at throwaway prices. Accessed by CNN-IBN, the CAG report accuses Raman Singh administration of causing a loss of over 1000 Rs crore by allocating a coal block in 2007 to SMS infrastructure, a company owned by Sancheti himself. The report states...
06:10 PM, Apr 09, 2012
Muktsar: Punjab Chief Minister Parkash Singh Badal on Friday said his government will make all efforts to transform the state into a developed one in the next two years. "The state government is fully committed to fulfill the aspirations of the people who have given historic mandate in favour of the development policies and programmes of the SAD-BJP alliance government," he told a gathering in his home district. To ensure...
03:40 AM, Apr 07, 2012
New Delhi: Showing signs of recovery, the eight core infrastructure industries in February grew by 6.8 per cent - the highest rate in the past seven months - on account of healthy coal and power output, up from a dismal performance of 0.5 per cent a month ago. The growth rate was 6.4 per cent in February last year. The eight industries - crude oil, petroleum refinery products, natural gas,...
08:10 PM, Mar 29, 2012
