The finance ministry has given an in-principle approval to a new mechanism in which all regulatory clearances are to be obtained by the government before coal blocks are auctioned to state run or private companies, thus concluding the debate on the ‘go’ and ‘no-go’ areas for mining of coal.
RAMAKANT JHA charts out the path of transformation for Gift City. Everyone recognises India as a great growth story. However, the infrastructure bottlenecks at times limit the country´s growth potential.
Hyatt Hotels & Resorts and SAMHI hotels have launched the Hyatt Place Gurgaon/Udyog Vihar. This is the second Hyatt Place hotel in India and has 176 rooms with an approximate investment of Rs 172 crore.
The KPMG- Infrastructure Today awards 2010 were held recently in New Delhi. The awards organised by ASAPP Media Information Group and KPMG, awards honoured 10 companies, three ministries and two individuals across various categories.
International Finance Corporation (IFC), a mem-¡ber of the World Bank Group has announced to lend $50 mn to two wholly-owned subsidiaries of Continuum Wind Energy (India) to expand access to clean energy, and help reduce greenhouse gas emissions. The cor-¡pora-¡tion has also helped mobilise a loan of $100 mn for the project from YES Bank.