Government of India
Employees’ provident fund organization (EPFO), is gearing up to gather the information about the number of new workers coming under its ambit. There has been a proposed hike to the ceiling for provident fund coverage to a monthly salary of Rs 15,000, as against Rs 6,500 now. Special stress has been laid on the construction [...] Continue Reading »
Tata Housing Development Co. Ltd had been conferred with the prestigious IMC’s Ramakrishna Bajaj National Quality (RBNQ) Business Excellence Award – 2013 in the Services Category. The dignitaries from the whole Industry attended the awards ceremony was held on 19th March, 2014, at YB Chavan Center, Mumbai. Tata Housing was declared the winner on the [...] Continue Reading »
The Software Technology Parks of India (STPI) has requested the state government for reintroduction of provision of zero rated sales under Odisha VAT act for the IT and ESDM (Electronic System Design and Manufacturing) units of the state to make them competitive in the world market in the draft Industrial Policy Resolution (IPR). Earlier, under section-18, the [...] Continue Reading »
Mumbai Metro Rail Corporation (MMRCL) will issue detailed tenders for Metro Phase-3 by July 2014. The contract will be awarded to bidders by October 2014. The construction of this project of 32.5 Km long Colaba-Bandra-SEEPZ underground metro corridor is likely to start from January 2015. Mr. Sanjay Sethi, Managing Director, MMRCL and Additional Metropolitan Commissioner, [...] Continue Reading »
The Mumbai Metro Rail Corporation (MMRCL) plans to issue detailed tenders for the 32.5-km Metro-3 by July 2014 and award the project by October 2014. The cost of this project is around Rs 23,136 crore. The development of the Colaba-Bandra-SEEPZ underground metro corridor will be awarded on EPC (engineering, procurement and construction) which is expected [...] Continue Reading »
The Government of India has signed a $125 million loan agreement with Asian Development Bank (ADB). The amount would be utilized for upgrading of roads in North Eastern states.’ The North Eastern States Roads Investment Program’, as it is known, is designed to reconstruct roads in the North Eastern states of Assam, Manipur, Mizoram, Tripura, Meghalaya, and Sikkim, thereby cutting [...] Continue Reading »
The World Bank and the government of India signed a loan pact on Wednesday as per which USD 175 million will be provided by the multi-lateral lending institution to fund a second highways project in the state of Gujarat. As per a Finance Ministry release, “The loan agreement for World Bank (IBRD) assistance of USD 175 million for second [...] Continue Reading »
The Union minister for urban development (UD), Kamal Nath, accorded an in-principle approval for the Pune metro project on Wednesday, helping the project move a step further towards realization. The project is planned to cover a 31.51 km stretch along two corridors—PCMC building to Swargate and Vanaz to Ramwadi. The approval will enable the state to fast track [...] Continue Reading »
New Delhi- The government of India has made a budgetary provision to promote setting up of waste-to-energy (WTE) plants in this year’s budget. Following the government’s measure on funding WTE plants, a debate has been started whether this was really needed or not. Waste management has become a muddle across many cities of India nowadays. In [...] Continue Reading »
While the government of India forcing leading real estate developers to cater to the needs of buyers of economically weaker section (EWS) through developing affordable housing projects, the developers are concerned about the loss of incentives for being in the business of building affordable houses. Developers claim that there is no difference in the amount [...] Continue Reading »
