Centre releases 209 crore rupees to flood-hit AP, KarnatakaOctober 7th, 2009 NEW DELHI - Centre has released Rs 209.1 crore from the Calamity Relief Fund to flood-hit Andhra Pradesh and Karnataka to tackle the situation. Andhra Pradesh will receive Rs 156.84 crore while Karnataka will get Rs 52.26 crore, an official release said.
Mayawati seeks Rs.1,500 crore to build metalled border roadAugust 17th, 2009 NEW DELHI/LUCKNOW - Uttar Pradesh Chief Minister Mayawati Monday sought from the centre Rs.1,503 crore for building a metalled road along the 600-km porous border the state shares with Nepal, which provides a "safe" conduit to terrorists and Maoists. The demand was raised by her during a meeting with Prime Minister Manmohan Singh at his residence in New Delhi.
MTNL's net profit last fiscal falls 63 percentAugust 3rd, 2009 NEW DELHI - State-run telecom operator Mahanagar Telephone Nigam Limited's (MTNL) net profit nose-dived 63 percent in 2008-09 to Rs.211.7 crore from Rs.586.8 crore the previous fiscal. The public sector undertaking's turnover also fell 1.4 percent to Rs.5,250 crore in the period under review from Rs.5,329.9 crore the year before.
Mid-term review of 11th Plan before next budgetJuly 8th, 2009 NEW DELHI - A mid-term review of the 11th Five-Year Plan (2007-12) will be conducted before the presentation of the budget for fiscal 2010-11, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Wednesday. "I am hopeful that the next budget will address the shortcomings of the mid-term review," Ahluwalia told reporters after the commission's first meeting since the United Progressive Alliance (UPA) government assumed power for a second term.
CBI gets Rs.330 crore budgetary supportJuly 6th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee Monday gave the country's elite investigating agency, the Central Bureau of Investigation (CBI), a Rs.330 crore (Rs.3.3 billion) support in the financial budget for its modernization. The CBI received Rs.71 crore (Rs.710 million) more than the last fiscal when it got Rs.259 crore (Rs.2.59 billion).
Delhi Police allocated Rs.8.43 bn moreJuly 6th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee Monday allocated Rs.30.41 billion to Delhi Police, an increase of Rs.8.43 billion from last year. A total of Rs.400 million has been earmarked for developing traffic and communication network in the national capital region.
Delhi Govt. to focus on transport, urban development and water-sanitationJune 22nd, 2009 NEW DELHI - Delhi Government on Monday revealed through its budget that it would primarily focus its attention on transport sector, urban development and water and sanitation in the year ahead. The highest share in the budget 2009-10 has been earmarked for transport sector which was given Rs 3,069 crore (about 31 per cent) followed by Urban Development with Rs 1,524 crore (15 per cent) and Water and Sanitation with Rs 1,366 crore (14 per cent).
NTPC's annual profit up Rs.786 croreMay 22nd, 2009 NEW DELHI - The state-owned power utility NTPC Ltd, formerly National Thermal Power Corp, posted a net profit after tax of Rs.8,201 crore in 2008-09 against Rs.7,415 crore netted the last fiscal, an increase of Rs.786 crore, the company announced Friday. Total income increased from Rs.40,018 crore 2008-09 to Rs.45,273 crore the previous fiscal, NTPC said in a regulatory statement.
Congress played politics over Bihar floods: Nitish KumarMay 11th, 2009 PATNA - Hitting out at the Congress, Bihar Chief Minister Nitish Kumar, a key ally of the opposition National Democratic Alliance (NDA), Monday accused the party of playing politics over last year's devastating floods in the state. 'The centre had given immediate relief of Rs.1,000 crore (Rs.10 billion) when the Kosi floods devastated Bihar.
Kerala banks post marginal growth in advancesApril 25th, 2009 THIRUVANANTHAPURAM - Banks in Kerala have posted a marginal growth of 6.3 percent in advances from Rs.80,131 crore in June 2008 to Rs.85,174 crore as on Dec 31, according to the State Level Bankers Committee (SLBC). The SLBC in a meeting here said loans given to the education sector reported the biggest jump when it went up from Rs.2,920 crore in June to Rs.4,049 crore in December.
Karnataka CM Yeddyurappa slams Rahul GandhiApril 18th, 2009 BANGALORE - Karnataka Chief Minister B. S. Yeddyurappa on Saturday slammed Congress General Secretary Rahul Gandhi for his announcement that the Central Government would grant Rs.
Government approves Meghalaya's vote-on-accountMarch 30th, 2009 NEW DELHI - The central government Monday approved Meghalaya's Rs.1,540.87-crore vote-on-account for April-July 2009. Meghalaya's budget has to be cleared by the centre as the northeastern state has been under president's rule since March 19 this year.
Airports Authority of India allowed to exercise mini-ratna powersJanuary 12th, 2009 NEW DELHI - The government Tuesday appointed HDFC chairman Deepak Parekh, industrialist Sajjan Jindal and architect Hafiz Contractor as non-official directors of the Airports Authority of India (AAI), allowing it to exercise powers of the 'mini-ratna' status conferred on it last month. With the new appointments, the state-run airports operator can now exercise its powers of autonomy in terms of investment in projects and can also form joint ventures (JVs).
Kolkata airport modernisation to be launched on MondayDecember 28th, 2008 KOLKATA - Civil Aviation Minister Praful Patel will inaugurate the modernisation project of the Netaji Subhash Chandra Bose International Airport here Monday evening. The total cost of the project is around Rs.16.02 billion (Rs.1,602 crore).
Kolkata airport upgrade to be completed by May 2011December 23rd, 2008 KOLKATA - The modernisation work of the Netaji Subhash Chandra Bose International Airport here will be completed by May 2011, a senior official familiar with the projectsaid. Civil aviation minister Praful Patel will lay the foundation stone for the modernisation work Dec 29.