The government is set to give a big push to the development of hydro power plants in border areas by giving fast-track clearances to projects that are delayed in the last several years due to a complex approval mechanism. An empowered group of ministers, headed by finance minister P Chidambaram will meet soon to take stock of hydro power projects and associated infrastructure in border states, particularly Arunachal Pradesh.
Pipeline trouble for IOC at new Paradip refinery
Indian Oil Corporation’s R30,000-crore Paradip refinery will be deprived of a pipeline to transport its products to consumers in eastern India for well over a year after its scheduled commissioning in March 2014. A frustrating four-year delay in securing forest clearance for the 1,100-km pipeline has now necessitated the issue of fresh tenders for laying the long segments of the pipeline. Until this crucial infrastructure is in place, IOC will have to rely on the more expensive railway network and roads to transport fuels.
Govt identifies 255 stalled projects for faster clearances
The government has identified 255 stalled projects involving an investment of R10 lakh crore and initiated the process of unclogging the projects that are brought before the Cabinet Committee on Investment (CCI), according to Ajit Kumar Seth, cabinet secretary. He said the CCI was going the whole hog to ensure that the stalled projects in public and private sector take off by expediting clearances and creating conditions conducive to execution of such projects. The CCI has already created a portal for resolution of 287 projects which are now poised to take off, he said.
Railways get supplementary grant of R70,759 crore
The Lok Sabha has adopted the supplementary demand for grants (railways) 2013-14, thus, approving the government’s proposal to spend over R70,759 crore on works like railway electrification, setting up a workshop to manufacture bogies and build several over-bridges in the current fiscal. The demands included a proposal of R22,926 crore for electrification of Katwa-Azimganj,Nalhati-Azimganj, Tildanga-New Farakka by-pass lines in West Bengal.
Steel companiesto get more iron ore from Goa
Steel companies such as JSW Steel, JSPL and Essar Steel could get more iron ore from Goa than expected before. Against the earlier estimate of 11.5 million tonne of mined iron ore lying idle, more than 15 mt of such ore is expected to be sold through e-auction. The quantity of ore estimated by the Supreme Court-appointed committee for e-auction is enough to support annual steel