Budget 2021: In a big boost, road transport and highways ministry receives its highest allocation ever in Union Budget
Union Budget 2021: The FY22 capital allocation for MoRTH at `1,08,230 crore is the highest-ever for the ministry — in FY21, this stood at `81,975 crore, and in FY20, at `68,373 crore (actual).
JSL to finalise plan to nearly double capacity at Jajpur plant
“Currently, the Jajpur plant has 1.1 mtpa capacity. We will start working on the expansion sometime this year to increase the capacity to two mtpa in three years,” JSL’s managing director Abhyuday Jindal said.
Mines ministry proposes policy changes to spur iron ore production
In case, the lessee fails to maintain the minimum dispatch criteria for three consecutive quarters, “the state government may terminate such lease after giving a reasonable opportunity of being heard.”
NHAI’s fifth TOT bundle: At least six firms submit bids
Under the fifth round of TOT, NHAI is offering a 20-year lease period for two bundles with a total length of 159.5 km. The last date for submission of the bids for both the bundles was January 18.
NHAI sets ambitious project awards target for Q4
A senior NHAI official said total highway project awards in the current fiscal could be in the range of 4,800-5,200 km, higher than the 4,500-km orignal target the authority had set for itself for the current fiscal.
WFH norms may apply to manufacturing sector too
“Let the comments come,” labour secretary Apurva Chandra said when asked whether the government will pay heed to suggestions that some activity under the manufacturing sector should also be given flexibility to work from
Centre wants states to review labour laws for harmony with new central codes
Sources said the union labour ministry has decided to appoint legal advisors soon, mandating them to examine whether the state laws are in sync with the central codes. If the harmony is found to be lacking, then states will b
Deep mining: Over 500 non-coal mineral blocks up for grabs
Sources said the Cabinet also gave the go-ahead for reallocation of several non-producing blocks of the state-run companies, a move that could also enthuse the private players as many of these blocks have abundant proven reso
NHAI to set up performance threshold for highway bidders
Anything less than the cut-off mark, which is yet to be decided, on these parameters will mean the bidding process to be out of bounds for the aspiring investor.
‘India’s structural steel consumption poised for big growth’
With 10 plants producing around 2.5 million tonnes per annum, APL Apollo Tube is the largest producer of structural steel tubes in the country.
New work from home rules in 2021? Govt readies proposal to formalise WFH facility for services sector
For the manufacturing sector, the standing order governing work conditions was applicable in organisations having 100 or more workers until last year.
Soma Mondal to take over the reins of SAIL as its first woman chairperson
The saving grace for the new chairperson, currently the company’s director-commercial, however, is the sharp rise in steel prices and its possibility of holding at the elevated level on the back of higher demand and iron or
Facing flak from different quarters, steel manufacturers defend price hikes in letter to PMO
Gadkari has been vocal against the steel firms for raising prices by 55% in the last six months. The minister had also written to the Prime Minister Narendra Modi seeking his intervention to arrest the trend.
NHAI’s debt to cross Rs 3 lakh crore by March, touch Rs 3.7 lakh crore by FY22-end
On the construction front, the authority’s target for the current fiscal is 4,500 km compared with a record of 3,979 km construction in the last fiscal.
Delhi-Mumbai expressway: NHAI arm to raise Rs 46,000-crore debt in 2-3 years
This fiscal, we (the SPV) need to borrow a little less than Rs 10,000 crore, but we already have got offers for Rs 29,000 crore from banks and financial institutions. It shows the success of the SPV model. We will see who off
Steel prices hiked for the second time in a week
A second hike during the month, on the back of buoyant domestic demand, was largely anticipated since the domestic HRC prices, even after the first hike in December, were at a 6% discount to import parity prices from China. A
Scant cover: Hospitals in a mess, ESIC blames state governments
In 2018-19, ESIC spent Rs 8,721 crore on extending medical benefits, Rs 1,171 crore on cash benefit payments and Rs 1,156 crore was administrative expenses.
Steel prices may rise again this month
Icra’s Jayanta Roy said that HRC prices have strengthened in the international market by nearly 18% in the last two months leading to a significant rise in the Indian steel prices.
Steel makers hike hot-rolled coil prices by 6%
Even after the price hike, domestic steel would be cheaper by around 4-5% compared with the landed cost of imports from Korea, a country with which India has free trade agreement (FTA) pact, providing domestic firms scope to
Rural jobs scheme: Demand for work falls in November
The big jump shows the high efficacy of the popular scheme to avert a rural distress in the pandemic period that saw tens of thousands of migrant workers returning to their rural homes from cities.
Steelmakers mull another price hike in December, watching ore market
NMDC’s chairman-cum-managing director Sumit Deb declined to comment on the probability of an increase in ore prices in December.
‘User industry is unnecessarily exaggerating iron ore shortage’
JSPL’s managing director VR Sharma clarifies in a conversation with Surya Sarathi Ray.
MGNREGS: High demand for work reflects economic slump
The demand for work under the rural employment scheme (MGNREGS) jumped in May as the lockdown was eased, peaked in June, but continued to remain at elevated levels through October, according to official data
More women in the workplace, shows EPFO data
Moreover, in contrast with earlier months, when new women subscribers to the EPFO were typically from the 22-25 years age bracket, in September more than one lakh or 38% of the new women subscribers were over 35 years of age.
Arcelor Mittal-Nippon Steel lays out large expansion plan, seeks support
The company is primarily evaluating the option of a large green-field facility in eastern India, but may also opt for further expansion through the inorganic route.
Labour welfare: Appointment letter, free health check-up must for factory, construction workers over 45 yrs of age
While Code itself caps the work time in a week at 48 hours, the draft rules have stated that, “The period of work of a worker shall be so arranged that inclusive of his intervals for rest, shall not spread over for more tha
Highway construction to get on fast track! HAM projects get new lease of life
With the govt addressing concerns pertaining to its execution, the model is expected to draw road developers once again
Advertisement
Most Read
- Coinbase Listing on Nasdaq! Largest US cryptocurrency exchange debuts on Wall Street
- Infosys declares Rs 15 per share final dividend; Q4 results meet estimates, net profit up 17% on-yr
- Why is Liquid Fund no longer a preferred alternative to FDs?
- Corona LIVE: Massive jump of 17,282 cases in Delhi; Rajasthan announces curfew in cities
- 10 crucial mistakes to avoid while buying a term insurance plan
- WhatsApp disappearing messages feature to be extended to all members of WhatsApp groups
- Samsung to launch its 'most powerful Galaxy' product on April 28 at Unpacked 2021 virtual event, Galaxy Book laptops expected
- COVID-19 impact: Employment in India on way to recovery, but still a long way to go, shows study
- MSME jobs: Growth in small businesses' intent to hire during Q1 FY22 drops amid Covid
- Over 1.57 lakh Maruti Suzuki CNG cars sold in FY2020-21: Alto, Celerio & more form highest-ever tally
Advertisement
Top News
- Coinbase Listing on Nasdaq! Largest US cryptocurrency exchange debuts on Wall Street
- Infosys declares Rs 15 per share final dividend; Q4 results meet estimates, net profit up 17% on-yr
- Why is Liquid Fund no longer a preferred alternative to FDs?
- Corona LIVE: Massive jump of 17,282 cases in Delhi; Rajasthan announces curfew in cities
- 10 crucial mistakes to avoid while buying a term insurance plan
- WhatsApp disappearing messages feature to be extended to all members of WhatsApp groups
- Samsung to launch its 'most powerful Galaxy' product on April 28 at Unpacked 2021 virtual event, Galaxy Book laptops expected
- COVID-19 impact: Employment in India on way to recovery, but still a long way to go, shows study
- MSME jobs: Growth in small businesses' intent to hire during Q1 FY22 drops amid Covid
- Over 1.57 lakh Maruti Suzuki CNG cars sold in FY2020-21: Alto, Celerio & more form highest-ever tally
Advertisement
