Month: July 2012

Reliance Infra Commences 4 Lane Salem-Ulunderpet Toll Road

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Reliance Infrastructure (RInfra), part of Reliance Group, through its special purpose vehicle (SPV) – SU Toll Road, has commenced its seventh road project from Salem to Ulundurpet in Tamil Nadu. The four lanning of Salem-Ulundurpet (SU) road has been completed and toll collection started.

The project is executed on build operate transfer (BOT) pattern under the aegis of National Highways Authority of India. The company has been awarded the contract to operate and maintain the road for a concession period of 25 years.

The project is built at a cost of

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Spectrum Auction – Congress Govt Unable to Decide on – Reserve Price + Renewal + One Time Charge

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The PM of India, Dr. Singh, the silent witness to the Largest Scam Globally – Telecom Spectrum Scam in India is neither able to decide on the Reserve price for Spectrum Auction as mandated by the Supreme Court nor is able to come out with any transparency on Spectrum Renewal Charges and One Time Fees for existing Spectrum Holders.

The so called EGOM (Empowered group of ministers) made the following key recommendations: 1) Base spectrum price is fixed between Rs 140-160 bn (TRAI reco was Rs 180 bn); 2) Spectrum usage charge is fixed

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Can the Congress led UPA Government Deliver on the Economic Front from here On ?

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Weak fundamentals on the macro front have been exacerbated by a lack of policy decisiveness and the diminishing popularity of the incumbent UPA, as seen in recent state elections. Allegations of corruption have been negative for sentiment and investment projects. Concerns are rising that the dual leadership model of the Congress that worked well in the past may not prove very successful this time around.

With the former FM Pranab Mukherjee now contesting Presidential election, PM Manmohan Singh has taken over charge of the Finance Ministry which is in a very bad shape.

Inheriting a slowing economy with elevated inflation

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