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New buses to ply on Tricity roads

The Union Territory administration on May 23 decided to to focus on better transport for Tricity-Chandigarh, Panchkula and Mohali by replacing old buses with new ones and upgrading primary education with future population growth in mind. The progress of various projects was assessed at a meeting convened by UT administrator Shivraj Patil to discuss the schemes undertaken by the administration during the current financial year.

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Govt to pace up rescheduling of road developers' premium

The Union Road Trasnport and Highway Ministry has decided to speed up its proposal to allow premium rescheduling of road development projects awarded two-three years ago. The government took the decision by facing a situation that may jeopardise the fate of many road projects. The proposal will then be referred to an inter-Ministerial group headed by the Cabinet Secretary.

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Govt offered 17 blocks to PSUs

The government offered 17 coal blocks for allocation to government companies and identified six more explored coal blocks to allocate to private sector through competitive bidding. The government said this in its 'Report to the People' released by Prime Minister Manmohan Singh and Congress President Sonia Gandhi on the fourth anniversary of UPA-II

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CEC may discuss re-allotment of mining lease

The proposed re-allotment of mining lease areas in the Bellary, Tumkur and Chitradurga districts of Karnataka may be discussed by the Supreme Court-appointed Central Empowered Committee (CEC) soon. The mining lease may be alloted through international competitive bidding which may fetch several thousand crore rupees to the state. Meanwhile, the panel discussed reclamation and rehabilitation (R&R) plan for mining regions in these distr

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Price of copper rises due to plant shut down

Price of copper and copper products rose owing to shortage of the metal on the back of shut-down of the two largest manufacturing plants in the country. While Hindalco stopped operation at its Birla smelter recently for routine maintenance, a plant of Sterlite Industries was shut on March 30 after local residents com

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Sandvik optimistic on India operation

Reports indicate that the total turnover of Sandvik Asia is around Rs 2,800 crore and the mining vertical is the largest contributor to the turnover. It may be noted that Sandvik Asia is a subsidiary of the Swedish equipment company Sandvik AB. The company expects three-fold growth in this segment by 2015. Sandvik?s mining vertical consists of bolte

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Kerala takes up major road projects for Kochi city

Kerala government has taken up four major road and building projects that would contribute to the development of Kochi city. Work on the projects were scheduled to begin on May 22. This will include the Rs 660-crore Seaport-Airport Road second phase development, four-laning of the present road; construction of the Roads and Bridges Development Corporation Kerala office and shopping mall and the construction of the first concrete road.

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CIL may exceed output target in FY14

A leading media quoted Coal Minister Sriprakash Jaiswal as saying that the state-run miner Coal India (CIL) may exceed the output target of 482 million tonne (mn t) in 2013-14. In 2012-13, it produced 452 mn t of the fuel. If it exceeds the target, the output of the firm would be at a five-year high, reports suggest. In 2013-14, CIL's output growth would be more than 6.7 per cent. The

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Coal ministry counters charges of NTPC

Union coal ministry refuted the charges levelled by union power ministry and NTPC that Coal India (CIL) was supplying inferior quality coal to the power producer. The power ministry took its grievances against CIL to the Cabinet Committee on Investments (CCI) and this move irked the union coal ministry

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Coal price may rise in global market

Some reports indicate that price of coal in the global market may rise by atleast $2-3 per tonne in the coming months because of decline in supply and rise in demand from India. Current going rate of 3,800 kcal per kg GAR and 4,200 kcal per kg GAR is $37-37.50 per tonne FOB and about $43.75 per tonne FOB respectively