The Bill also envisages ushering in a regime of royalty concessions for the first time in the country.
The immediate trigger is the environment ministry's latest policy of asking corporates to mandatorily commit five per cent of project investments in environment protection measures.
The heightened activity on permissions to power and mining projects, which had been stuck for long, coincides with the run-up to a likely reshuffle of the council of ministers this month.
The railways buy an average of 2.4 billion litres of diesel every year spending around Rs 4,500 crore (Rs 45 billion) annually on diesel fuel expenses for operating locomotives.
The new Bengal government is not ready to give over even half the required land.
The sector attracted foreign investments to the tune of $1,252 million during the year, a 12.8 per cent decline compared to $1,437 million registered in the previous year, according to latest data released by the Department of Industrial Policy and Promotion (see table).
Schneider Electric, the $20-billion French engineering major, has identified India's perennial power shortage as a major business opportunity.
Work on the much-delayed dedicated railway freight corridor is expected to begin with contracts worth Rs 10,000 crore (Rs 100 billion) to be awarded before the end of the current financial year.
With Trinamool Congress (TMC) chief Mamata Banerjee's landslide victory in West Bengal, the Union railways ministry is set to have a new minister soon and a revamped board.
It is now looking at a solution from the Unique Identification Authority of India for ensuring accurate identification of the beneficiaries of its low-cost services.
Fund balances for the current financial year have already been revised downwards by the ministry from the budgeted Rs 5,062 crore to Rs 3,100 crore.
The huge reduction in the government's support for Bhavini has brought down the overall budgetary allocation for nuclear power schemes by 20 per cent.
In a move to help quicken the flagging pace of distribution reforms in the power sector, the Union finance ministry has approved the creation of a Rs 50,000-crore National Electricity Fund - first mooted in the 2008-09 Budget - for attracting investment in this area.
As Partha S Bhattacharyya steps down as CMD, the search for a successor is being keenly watched.
Plans 'complete' agricultural solution in mining areas
At present, the auto sector accounts for about 60 per cent of India's current machine tool demand.
The Reliance Anil Dhirubhai Ambani Group's Delhi Airport Express Pvt Ltd (DAMEPL) would run and maintain the line, which would reduce travel time between the heart of the capital and the Indira Gandhi International Airport to 20 minutes.
This forms about 7.5 per cent of India's projected investment of Rs 5,28,316 crore (Rs 5,283.16 billion) in overall infrastructure during the next financial year and over a fourth of the Rs 1,59,000-crore (Rs 1,590-billion) investment to be made in the electricity sector alone in 2011-12, the terminal year of the current Plan period.
Favours stricter impact mitigation rules, monitoring.
Tata had signed a memorandum of understanding with Bangladesh in 2004 for one of the largest foreign direct investment in that country.
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