(LiveMint) With bank credit drying up for large infrastructure projects, the National Democratic Alliance (NDA) government is exploring a plan to raise Rs10 trillion from retirees and provident fund beneficiaries, said transport minister Nitin Gadkari. The plan aims to raise money in tranches of Rs10,000 crore by selling 10-year bonds at a coupon of 7.25-7.75%. Each tranche will be meant for a specific project. India plans to invest as much as Rs3.96 trillion in the current financial year to bankroll its new integrated infrastructure programme which involves building of roads, railways, waterways and airports. Gadkari, who also holds the charge of the…
Author: Aruna Sharma
(TT) The proposed Dehradun-Rishikesh-Haridwar metro project is expected to undergo changes after the Central government gave its nod to the Public-Private-Partnership model in the New Metro Policy approved on August 16.The Dehradun-Rishikesh-Haridwar metro project was approved before the Centre approved the new policy, which entails 50-50 partnership between the Centre and the state. The Centre and the state came up with 15 percent equity each and the remaining 70 percent came through institutors and foreign lending agencies. “The Delhi Metro rail has been assigned the job for preparing the DPRs, all these issues will be discussed when the DPRs are finalised,” said…
(AU) देखते ही देखते पेट्रोल का दाम 70 रुपये प्रति लीटर हो गया और लोगों को पता तक नहीं चला। रोजाना अपडेट किए जा रहे पेट्रोल डीजल के दामों के कारण ऐसा हुआ है। शुक्रवार को 30 पैसे की बढ़ोतरी के साथ यूटी में पेट्रोल का दाम 70.03 रुपये हो गया है। जबकि 20 पैसे की बढ़ोतरी डीजल में हुई और दाम 58.60 रुपये प्रति लीटर हो गया। हैरानी की बात तो यह है कि कच्चे तेल की कीमतें बेहद कम हैं। ऐसे में पेट्रोल डीजल के दाम घटने चाहिए थे। जानकारों का कहना है कि मुताबिक चार साल पहले…
(TH) Consumers will continue to pay higher taxes on petrol and diesel as the government has no plans to lower the excise duty on fuel. This is because notwithstanding the robust collections from the Goods and Services Tax, the Centre continues to remain vigilant about its fiscal health. “There is no proposal to lower the excise duties on petrol and diesel. We are not looking at anything of the sort at the moment,” said a senior government official. While the dividend payment from the Reserve Bank of India at ₹30,659 crore is lower than estimated ₹58,000 crore and uncertainty over the projected…
(The Tribune) The state government will soon start the process of slope stabilisation and treatment of landslide prone areas. This was stated by Amit Negi, Secretary, Disaster Management.He said that WAPCOS and THDC were selected by the World Bank to prepare detail projects for 20 landslide prone areas where stabilisation techniques would be used. “After the 2013 natural disaster, a study was undertaken for identifying chronic landslide prone areas. Now the DPRs are almost ready, after which treatment will be started,” said Negi at a workshop. Techniques such as bio-engineering construction of retaining walls are increasingly being used to give…
(NDTV) The Centre is confident of starting the Ahmedabad-Mumbai bullet train on August 15, 2022 to commemorate the 75th year of India’s Independence, a year ahead of its schedule, a senior official of the railway ministry said on Monday. The official, who in-charge of the bullet train project, said that while the deadline to launch the train will remain 2023, the railways is focused to start it keeping in view the Independence Day celebrations in 2022. Railway Minister Piyush Goyal said that the scheduled date of starting the bullet train is 2023, according to the Japanese. “Prime Minister Narendra Modi…
(HT) The Indian basket of imported crude oils gained nearly $3.50 a barrel during last week even as petrol prices in the country touched their highest levels since Prime Minister Narendra Modi assumed office three years ago, official data showed on Monday. The Indian basket, comprising 73% sour-grade Dubai and Oman crudes, and the balance in sweet-grade Brent, closed trade on the weekend on Friday at $53.63 per barrel, according to the petroleum ministry. The oil basket had gained over a dollar at the start of last week on Monday to close at $51.34 for a barrel of 159 litres.…
(NDTV) A top minister in Uttar Pradesh has warned officials against corruption but his statement has become controversial. At a function on Sunday, Keshav Prasad Maurya, one of the state’s two deputy Chief Ministers, said: “Earn, but only as much as the amount of salt you would have in your food…” To many, it appeared that Mr Maurya was recommending bribe-taking in moderation. His aides say the comments cannot be taken out of context and twisted, and that the minister was clearly talking about fighting corruption. What Mr Maurya said was this: “Nobody says now that the contractor will make money. We…
(NDTV) More than a dozen properties worth around Rs. 165 crores spread across Delhi and Bihar — allegedly belonging to the family of Bihar’s veteran politician Lalu Yadav – has been seized by the Income Tax department, which is investigating assets cases against the family in several cities. The properties include a house in posh South Delhi and a farm in the outskirts of the city; a dozen plots in and around Patna, among which is the 3.5 acres on which a mall is being built. The beneficiary of most – including the plots in Bihar and the house in Delhi -…
(DJ) बीते हफ्ते नॉर्थ कोरिया के छठे न्यूक्लियर टेस्ट के बाद पैदा हुए जियो पॉलिटिकल टेंशन से सोने की कीमतों बड़ा उतार-चढ़ाव देखने को मिला। शुक्रवार को सोने की कीमतों में 900 रुपए से ज्यादा की तेजी आ गई, वहीं शनिवार को भाव 840 रुपए तक टूट गए। दो दिन में आए इस 1800 रुपए के उतार-चढ़ाव के बाद विशेषज्ञ मान रहे हैं कि मौजूदा घरेलू और अंतरराष्ट्रीय समीकरणों के बीच आने वाले दिनों में सोने के भाव और बढ़ सकते हैं। इस तेजी में सोना दिवाली तक 31500 से 32000 रुपए तक के स्तर भी छू सकता है। केडिया…