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Credit flow to industry falls, infra gains most
Despite the economy seeing revival, credit flow to the industrial sector moderated to 14.2 per cent on a year-on-year basis as of November 20, 2009, as against 37 per cent a year ago.
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Govt to invite bids for 10 mega highway projects soon

The government will soon invite bids for 10 mega highway projects under, pubic-private partnership, and is in the process of making feasibility reports. - IIM-A submits report on CAT, test still disrupted on 4th day - Credit offtake growth slows to 9.8% - Govt likely to meet $500-bn infra investment target by FY15 - Govt okays 17 FDI proposals worth Rs 4,551 cr - Govt examining 11-digit mobile numbers - Govt to take up $2.97 bn loan with World Bank chief "The National Highways Authority of India (NHAI) has made initial identification of 10 mega projects in various states for implementation in a phased manner," Minister of State for Road Transport and Highways R P N Singh told the Lok Sabha today. Sources said that these mega projects, under the public-private partnership (PPP), entails an investment of Rs 45,000 crore to build more than 4,800 km of modern highways. "The process of invitation of bids for these mega projects is linked to preparation of the feasibility reports and their appraisal for implementation on PPP basis after following the laid down procedures," the minister said in a written reply. The projects include six-laning of highway stretches in Rajasthan, Gujarat and Andhra Pradesh, four-laning of highway stretches in Gujarat, Maharashtra and Madhya Pradesh and two-laning with paved shoulders of stretches in Punjab and Rajasthan. The other stretches to be build under the mega projects are in Goa, Bihar and West Bengal. The formulation of the mega projects is in initial stages, Singh said.


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