Friday 17 Feb '12An inter-ministerial group headed by finance minister Pranab Mukherjee will on March 14 discuss a draft model contract on engineering, procurement and construction projects for building national highways even though disagreement prevails between Planning Commission and prime road project awarding body NHAI on key provisions.
Friday 17 Feb '12The proposed R8-lakh-crore investment for the Railways should be made in five years, in conjuction with the 12th Five Year Plan, a committee headed by Sam Pitroda on modernisation of the national transporter has noted.
Monday 30 Jan '12The shipping ministry is expected to leave 75% of approved outlay in the 11th Five-Year Plan unutilised as delays in awarding projects and poor planning have led to postponement of expenditure.
Thursday 26 Jan '12Capacity expansion plans of the cash-strapped Indian Railways was supposed to hinge on the public-private partnership model, with two former railway ministers — Lalu Prasad and Mamata Banerjee — endorsing it.
Wednesday 25 Jan '12The shipping ministry has rejigged its plan to corporatise the 12 major ports under the Centre’s control by placing the Haldia Dock Complex lower on the corporatisation priority list.
Monday 16 Jan '12In an attempt to bring back investor interest in port projects, the shipping ministry has released a long-term development plan for the sector envisaging investment of more than R2.78 lakh crore by year 2020.
Saturday 31 Dec '11New Year 2012 will bring bad news for certain sections of the industry as the government has decided to impose a 10% service tax on movement of freight through railways from January 1.
Thursday 29 Dec '11DP World, which operates India’s sole transhipment hub at Vallarpadam in Kochi, can breathe easy now as Attorney General of India GE Vahanvati has nullified the very basis of a debate on allowing unrestricted entry of foreign vessels in the country.
Tuesday 27 Dec '11Hoping to benefit from high crude prices, the road transport and highways ministry has proposed that road cess be levied as a percentage of the price of petrol and high-speed diesel sold in the country, rather than as a fixed impost per litre of the fuels as at present. The ministry, which oversees public-private partnership projects in the road sector, told the Planning Commission that since budgetary outlay for road building is likely to shrink due to fiscal stress, an ad valorem cess would help the ministry meet its ends.
Saturday 24 Dec '11Indian Railway Finance Corporation, Housing & Urban Development Corporation, Power Finance Corporation and National Highways Authority of India will together raise R30,000 crore through tax-free bonds by end of January.
Wednesday 21 Dec '11To boost the viability of road products without adding to fiscal stress and in order to attract big corporations into the sector, the government has drawn up a new scheme of ultra mega road projects, where firms will have the right to develop real estate alongside the stretches.
Tuesday 20 Dec '11The government on Monday proposed to cut down the role of babus in overall running of the National Highways Authority of India to ensure efficiency and prevent nexus between bureaucrats and contractors.
Monday 19 Dec '11National highway contractors will start getting pecuniary rewards for early completion of work if a proposal by the Planning Commission is accepted by the road ministry and the National Highways Authority of India
Saturday 17 Dec '11Dedicated Freight Corridor Corporation of India plans to run trains double the size envisaged earlier thus more than tripling the loading capacity and improving its operating margin to 15% from the below 10% from stretches that are exclusively meant for transport of goods.