Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Nov 22, 2012

Cabinet approves proposals for infrastructure development

Seeking to give a push to the infrastructure sector, government today approved private participation to improve rail connectivity, modernisation of 1.55 lakh post offices and developing of additional facilities at Kandla port to enhance capacity for import of crude.

New Delhi:

Seeking to give a push to the infrastructure sector, government today approved private participation to improve rail connectivity, modernisation of 1.55 lakh post offices and developing of additional facilities at Kandla port to enhance capacity for import of crude.

The Cabinet Committee on Economic Affairs, at a meeting chaired by Prime Minister Manmohan Singh, also approved additional funds for the development of the Netaji Subhas Chandra Bose International Airport at Kolkata. The government also relaxed norms to connect as many as 2687 unconnected habitations in tribal areas at a cost of Rs 5929 crore under its ambitious rural roads scheme.

All 1.55 lakh post offices across the country will be modernised at a cost of Rs 4,909 crore over the next two years, as per the proposal of the Department of Posts approved by the CCEA.

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

This will enable the Department to provide facilities similar to core banking system, efficient delivery of services, disbursal of government subsidies, seamless access of its services across any branch by citizens. The Cabinet Committee on Infrastructure approved the policy framework for private participation in rail connectivity and capacity augmentation projects.

The decision is expected to provide much-needed impetus to building of critical missing links in railway network and evacuation from ports, mines, big  industrial units and plants. The CCI also approved development of Single Point Mooring (SPM) and allied facilities for the import of crude oil at Kandla Port in Gujarat.

 

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com