The 12-odd states located in the eastern region were lagging in terms of mutual fund (MF) investments as compared to other parts of the country, a SEBI official said.
These projects include creation of sub-stations in Delhi at an estimated cost of Rs 1,394.52 crore, to be commissioned in 26 months from the date of investment.
Turnover of eastern region of heavy engineering public-sector unit BHEL increased 24% at Rs 2,700 crore during the financial year 2011-12, a company official said.
In an interview with CNBC-TV18, AB Mazumdar, MET says, yesterday, monsoon has advanced over Kerala, few days before normal date. “Our prediction was May 31 with an error of plus-minus four days,” he adds.
Seeking to usher in a Green Revolution in the Eastern region, including Finance Minister Pranab Mukherjee's home state West Bengal, the Union Budget today announced an additional Rs 400 crore for the purpose.