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    • Govt giving up on Land Bill: A master stroke or copout?

      Sunil Jain of The Financial Express said even before the government had assumed power, Arun Shourie had explained that under Article 245(2) a lot of contentious issues that are also under the purview of states can actually be dealt with by the states, which had happened in labour.

    • Food Security Bill: Bad politics delivering bad economics?

      It's been a long winding road for UPA Chairperson Sonia Gandhi. Her dream of providing food security to the poor saw the light of day today. While the objective is laudable, given India's current fiscal predicament, questions have arisen over its huge financial implications.

    • Banks may get aid if they take basic banking to rural areas

      The government is working on ways to encourage commercial banks to offer rural lending, according to The Financial Express. As part of the financial inclusion project, the finance ministry is looking at ways in which banks can provide some form of financial support in areas which have no banking services.

    • Afcon bags Rs 2598cr Chennai Metro project

      Afcons Infra has bagged a contract worth Rs 2,598 crore for execution of the Chennai Metro Project, reports FE. "In a JV with Russian giant Transtonnelstroy, Afcons Infrastructure, a group company of Shapoorji Pallonji, has secured two landmark metro projects in Chennai, amounting to Rs 2598 crore," the report said quoting an official.

    • Infrastructure output up 6.6% in Dec

      Output of the six core infrastructure industries, which account for 26.68% of India's total industrial output, grew by a healthy 6.6% in December, 2010, indicating that the Indian economy is on a firm wicket, says a report in The Financial Express.

    • TVH launches Rs 800cr township project in Coimbatore

      Leading property developer True Value Homes (TVH) has launched a Rs 800 crore residential and integrated township project in Coimbatore, reports The Financial Express. The multifaceted Aurora Township offers premium villas, high-rise residences, malls and shopping centres and 1600-seat, eight-screen multiplexes.

    • SC imposes Rs 10 lakh fine on litigant

      The Supreme Court has imposed a Rs 10-lakh fine on a land owner for repeatedly approaching courts to scuttle acquisition of land by Karnataka government for the Rs 2,500 crore Bangalore-Mysore Infrastructure Corridor Project, reports The Financial Express.

    • Property prices in Hyderabad languish

      The reigning confusion over Telangana has meant that the real estate market in Hyderabad is caught in a catch-22 situation, a report in The Financial Express pointed out. The city remains doubtful if Hyderabad's (Telangana) loss will become Visakhapatnam's (Andhra) gain.

    • Taxpayers may have to pay Rs 10Kcr for illegal colonies

      Delhi BJP has demanded Rs 10,000 crore in the budget for providing basic amenities to the unauthorised colonies in the national capital, says a report in The Financial Express. "This came into place in an unlawful manner, allegedly by paying bribes to government servants and politicians," the report stated.

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