Regulatory issues, land acquisition delay 112 NHAI projects
Posted on 8th August 2016 |
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| NEW DELHI: As many as 112 projects of the National Highways Authority of India (NHAI) are running late on account of factors like delays in land acquisition and regulatory hurdles, Parliament was informed on Monday. "One hundred and twelve projects of NHAI are delayed beyond the scheduled date of completion. These include projects currently under implementation also," Minister of State for Road Transport and Highways Mansukh Lal Mandaviya told the Rajya Sabha in a written reply. The reasons for delay are land acquisition, utility shifting, non-availability of soil/aggregates, poor performance of contractors, delay in statutory clearances, public agitations and disputes, Mandaviya said. The government has permitted one-time funds infusion to revive and physically complete languishing national highway projects under public-private partnership mode and also approved rationalised compensation to concessionaires in cases of delays not attributed to them to address funds crunch, he said. "With a view to ameliorating the shortage of equity and improving liquidity, the government has also securitisation of future cash flow, deferment of premium... harmonious substitution in financially-stressed highway projects and 100 per cent equity divestment after two years of construction of all highway projects under PPP mode," he said. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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