Tag: Uttar Pradesh

UP Govt releases Rs 66 cr for Ganga Canal road

29/06/2016 09:47

Uttar Pradesh Government has said that it has released Rs 66 crore for the expansion of the Ganga Canal road to double lane.

Commenting on the issue, the executive engineer of PWD Department Dharam Prakash told the media that the 108 km-long Ganga canal road would be expanded to double lane fom the existing single lane.

He said funds to the tune of Rs 165 crore had been sanctioned for the project. The road connects Uttarakhand and Muradnagar in the state.

As per reports, this project, which would be competed in 2017, would facilitate easy passage of the ‘Kawad’ pilgrims and reduce the traffic burden on Delhi-Haridwar National Highway. Construction work on the project has been started.

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Cardamom drops 0.09% on waning demand

Cardamom drops 0.09% on waning demand

03/06/2016 11:15

Cardamom prices fell by 0.09 per cent on Friday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh. At MCX, Cardamom futures for June 2016 contract were trading at Rs. 810 per kg, down by 0.09 per cent, after opening at Rs. 810 against the previous closing price of Rs. 810.70. It touched the intra-day low of Rs. 807 till the trading. (At 10.50 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity.

Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while about 90 per cent of the produce is consumed within the nation. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.

NCRPB to support transport infra projects worth Rs 7,838 cr in UP, Haryana

20/01/2016 08:50

In a major decision, the National Capital Region Planning Board (NCRPB) on Tuesday decided to support 9 transport infrastructure projects in Uttar Pradesh and Haryana that will substantially improve traffic flow besides reducing pollution benefitting Delhi and adjoining areas.

“The project sanctioning & monitoring group of NCRPB chaired by Madhusudhan Prasad, Secretary, Ministry of Urban Development today discussed these projects costing Rs.7,838 cr and decided to support them with a total loan assistance of Rs.3,113 cr,” Ministry of Urban Development said in a statement.

According to B.K.Tripathy, Member-Secretary, NCRPB, this was the highest loan assistance approved in a single meeting of the Board.

Two infrastructure projects in Uttar Pradesh will cost Rs.6,681 cr for which NCRPB will provide a loan of Rs.2,287 cr. Haryana has proposed projects 7 projects at a total cost of Rs.1,157 cr and will get a loan of Rs.726 cr.