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Infra no more a tearjerker: Govt clears big-ticket investment projects worth Rs 1.1 lakh cr -Vikas Dhoot

-The Economic Times NEW DELHI: Big-ticket investment projects worth Rs 1.1 lakh crore, stuck for years for want of myriad government clearances, have finally got the green signal to start operations. The Centre has unravelled last-mile hurdles holding up 28 such projects at a time Prime Minister Manmohan Singh has identified the government's primary task as reinvigorating confidence in the Indian economy, with domestic players having virtually abandoned fresh investments. The clearances would...

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Onion prices: another case of the great Indian paradox-Pramit Bhattacharya

-Live Mint The absence of genuine competition at mandis and numerous transaction charges are distorting onion prices The joke doing the rounds today is that the spike in onion prices has been a great equalizer, bringing parity between the price of a bottle of beer and a kilo of onion. The humble vegetable has also found pride of place as a gift item to customers at a tyre shop in Jamshedpur,...

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Govt to start new infrastructure projects: PM

-PTI The Government will kick-start a number of new infrastructure projects including 8 new airports and two new sea-ports in the coming months to boost sluggish economic growth, Prime Minister Manmohan Singh said on Thursday. With economic growth slowing to a decade low of 5 per cent, the Congress-led UPA government has further opened the economy to foreign direct investment and now wants to use investments for returning to high growth...

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CAG Raps railways for Not Maintaining Cleanliness

-Outlook The Comptroller and Auditor General has slammed railways for not effectively implementing railway Board's guidelines for mechanised cleaning of major stations and not taking effective pest control measures in coaches. Besides the audit body has observed that railways has failed to provide good quality of linen to passengers which has resulted in increased passenger dissatisfaction. "There was lack of synchronisation between guidelines of railway Ministry on maintenance of cleanliness and availability of...

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Creating durable assets through rural employment: Rubber Board ties up with MGNREGA

-The Economic Times The state-run Rubber Board is turning to the rural employment guarantee programme to increase India's natural rubber output from the present 9 million tonne a year. With rising global demand for rubber, the board is keen to extend the area under cultivation. It has identified 400,000 hectare in the North East, 100,000 hectare in Odisha and 50,000 hectare each in Andhra Pradesh, Jharkhand and Chhattisgarh as areas with potential...

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