June 18, 2013
The Union Coal Ministry on June 11 issued show-cause notices to 12 companies for failing to develop coal mines according to schedule. If the companies are unable to convince the inter-ministerial group looking into the issue then there is a possibility of de-allocation.
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Power |
June 18, 2013
For building 42 modern silos or foodgrain storage facilities countrywide, the Food Corporation of India (FCI) will soon invite bids, FCI said on June 17. In a pre-bidding meeting organised recently, FCI received 'overwhelming' response from the private stakeholders for creation of modern storage silos, it said in a statement.
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Real Estate |
June 18, 2013
West Bengal is likely to witness a huge growth in demand for affordable housing units as a government's task force has suggested revisions in the eligibility criteria for affordable housing schemes. Already the state has an estimated shortage of 12 lakh residential units for economically weaker section and medium income groups.
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Real Estate |
June 18, 2013
In West Bengal, power plants this year have comfortable stocks of coal when compared to the same time last year. The power plants in the same time last year were struggling for coal with stock down to critical limit of four days. This year though, the scene is strikingly different with record coal stock at most units. The power situation in the state hasn't been this reassuring during summer for a long time.
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Power |
June 18, 2013
Under the Centre's debt restructuring scheme, Tamil Nadu has become the first state to issue bonds worth Rs 6,144 crore in the first phase. With this, through faced initial hiccups, the Centre's debt restructuring scheme for power distribution companies has taken off.
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Power |
June 18, 2013
Ashwani Kumar, Chairman and Managing Director of the state-run Dena Bank said the bank decided to set its footprint in the eastern part of the country especially in West Bengal and Bihar. The state-run bank, which is predominantly present in the western part of the country, is turning to east as the region appears less crowded and shows opportunity
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Banking & Finance |
June 17, 2013
The Prime Minister Manmohan Singh has approved the commencement of preparatory work on creating an Amritsar-Delhi-Kolkata Industrial Corridor to give a boost to industrial development in the densely populated states of Northern India.
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Roads/Highways/Bridges |
June 13, 2013
Bangladesh government refused to allow India to access Chittagong port unless the latter resolves Teesta river issue. Giving access to Chittagong would benefit trade and development in India’s northeast region, as well as to Bangladesh. India had been asking for access to this port for over a decade. An agreement to this effect was supposed to be signed during Prime Minister Manmohan Singh’s visit to the country in September. But this could not happen because West
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Posted in
Ports |
June 12, 2013
Twelve companies received show cause notice from the union coal ministry for not developing the allocated coal blocks within the stipulated timeframe. The 12 companies, which include NTPC, SAIL, Damodar Valley Corporation, Bhushan Steel and Power, were asked to explain why their failure to develop the block on time should not be held as violation of the terms and conditions
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Coal |
June 11, 2013
As scarcity of coal continued to haunt electricity generation, India witnessed a peak power shortage of over 9,000 mw in April this year. Peak power deficit, or shortage in electricity supply when the demand is at its highest, stood at 6.9 per cent or 9,020 mw in the month of April, according to latest data by the Central Electricity Autority (CEA).
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Posted in
Power |
June 11, 2013
Owing to shortage of fuel like coal and natural gas, the country faced a peak power shortage of over 9,000 mw in April 2013. Latest data by the Central Electricity Authority (CEA) shows peak power deficit, or shortage in electricity supply when the demand is at its highest, stood at 6.9 per cent or 9,020 mw in April 2013. Of the peak power demand of 130,676 mw in April 2013, 121,656 mw was met. According to CEA, as man
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Posted in
Power |
June 10, 2013
Kolkata-based jeweller Senco Gold plans to expand with retail outlets in the northern and central parts of the country. The first such outlet was recently opened in Delhi. The Rs 1,200-crore group is a dominant player in Kolkata with 44 outlets in West Bengal, Jharkhand, Odisha and Assam. Plans are now afoot to double the retail network in next five years.
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Posted in
Retail |