The developers, Reliance Sea Link One Pvt Ltd -- a joint venture between the Anil Dhirubhai Ambani group's Reliance Infrastructure and Hyundai Engineering -- is ready with the financial closure for the project after MSRDC submitted a no-objection certificate from its bond holders to the joint venture company.
The Congress party has not only distanced itself from Maharashtra Chief Minister Prithviraj Chavan but also made him clarify his recent statement that the party's decision to give the home ministry to the Nationalist Congress Party -- its ally in the state -- was a mistake. Both the central leadership and the state unit of the Congress preferred not to offer any comment but indicated that it was Chavan's personal remark that came after the July 13 blasts.
The Mumbai police believe that while selecting a crowded area in the vicinity of Kabutarkhana and Shiv Sena headquarters in Dadar for triggering blasts, the terrorists had a twin objective -- to create trouble in an area dominated by the Marathi-speaking middle-class and destabilise political equations. The headquarters of the Maharashtra Navnirman Sena and the residence of its chief Raj Thackeray were also situated a few minutes away from the blast site.
Finance ministry officials said they were scrutinising many deals, but the actual tax liability would depend on many factors, including the kind of payment (royalty, interest, stake sale) and the Double Tax Avoidance Agreement with the country where the foreign company was based.
Two years after IHCL - one of Asia's biggest hotel chains which runs the Taj chain of hotels and resorts in addition to three other brands - had clinched the deal and subsequently demolished the multi-storey 434-room Hotel Sea Rock, it is now awaiting clearance to start construction.
BSNL has just launched a closed user group plan for Other Backward classes (OBCs) in Maharashtra. It has tied up with the Satyashodhak OBC Parishad, a non-political organisation, for a prepaid talk time plan at nominal charges.
If June 2010 diesel price is taken as the base, then the increase is a mere 2 per cent. By contrast, petrol prices have gone up by 23 per cent in the same period.
Maharashtra govt refuses to release viability gap funding of Rs 1,392 crore.
MPCB said Indiabulls had started the construction work at the IT Park project in violation of consent to establish and without complying with its directions issued on January 27.
State-run City and Industrial Development Corporation (Cidco) plans to issue a request for qualification (RFQ) for the Navi Mumbai international airport in the middle of next month.
Getting compensated for at least 90 per cent of losses without government subsidy appears difficult.
The government indecisiveness on petroleum price rise, coupled with late release of cash subsidy, has sent the borrowings of three government-controlled oil marketing companies to an all-time high of around Rs 118,000 crore (Rs 1,180 billion).
The turnaround has been possible due to availability of domestic gas on priority.
Girish Chandra Chaturvedi (57), a 1977 batch Indian Administrative officer from the UP cadre, took charge as the new petroleum secretary on May 3.
The ministry had recently promised these dealers to increase their commission by Rs 397 per kilolitre (kl) on petrol and Rs 170 per kl on diesel. Dealers now get a commission of Rs 1,230 per kl on petrol and Rs 730 per kl on diesel.
RGPPL has signed a power purchase agreement with the government of Daman and Diu for selling about 98 Mw of power from July.
The report, submitted to the government last week, says the slow pace of field development is the reason production has fallen to 50 million standard cubic metres a day (mscmd) from a peak of 60 mscmd last year.
The state-run City & Industrial Development Corporation (Cidco), nodal agency for the proposed Navi Mumbai international airport, has asked the New Delhi-based National Institute of Disaster Management (NIDM) to prepare a risk assessment and disaster management plan for the project.
Worli-Haji Ali sea link project was awarded by Maharashtra State Road Development Corporation to the company in February 2010.
IEA has forecast that in 2011 demand will grow by 1.4 million bpd to 89.4 million bpd.
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