On June 1, 2010, under Indian Ports Act, 1908, govt declared Port Blair as 13th major port in India
The highest ever average daily construction rate of 130 km has been achieved for rural roads
While they have restructured loans, there is still question mark over the success of such a work-out
Some may lose competitiveness due to higher compliance costs
A task force, under the chairmanship of the secretary (tourism), with the secretary (shipping) as co-chairperson, has been constituted to promote cruise tourism in the country, reports Megha Manchanda.
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
This amount is just about 10% of the previous IDS
Bharti may look at gaining market share pre-merger and benefit from a lower capex intensity
This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries
Parks would cut transport cost by 10% for industries, allow freight movement on larger trucks and rail.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
'He is positive and likes to get work done,' is how a retired bureaucrat described him. 'I assume he will push the reform agenda with strength.'
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
At a time when major economies have increased spending, India will have to do the same.
When Nitin Gadkari took charge as Road Transport and Highways Minister in 2014, he had set a target of constructing 40 km a day in two years. But construction at this point is a mere 16 km a day. Megha Manchanda on what ails the road sector.
Road ministry identified bike-sharing, carpooling and e-rickshaws as ways to deal with rising pollution in major cities.
Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
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