e had announced 19 railway projects in the state, mostly in the heavy engineering sector, but none has taken off yet.According to a ministry official, of the 19 projects, only two are more or less finalised — a coach factory at Kanchrapara and an electrical loco component factory at Dankuni with the bidders already shortlisted. In fact,cheaptomsshoessalei.com, the bidders for these two projects were shortlisted last year but the railways couldn’t go for the financial bid since it was cash-strapped and couldn’t provide equity to the projects.With the Indian Railway Finance Corporation (IRFC) selling tax free bonds worth $200 million last month, some of the projects are likely to see the light of day.A railway board member told FE according to the recommendation of the six-member committee that was set up to find means of raising capital to fund socially desirable projects, IRFC has raised $ 200 million or around R10,000 crore through selling five-year bonds on March 28. This has given the railways the capital to provide equity to some of its projects.At the end of the year, the railways in its capital fund had around R3,200 crore, of which it had to withdraw around R2,700- 2,cheap toms,800 crore for maintenance of its existing railway tracks and manufacturing facilities. The railways development fund was left with only R250 crore and this could by no means provide equity to the projects, the official said.source financial express 6:00 pm May 13, 2011 Taps wrote: Dear Rupa,it s good that you brought to light some of the imminent hiccups the incoming State government might have to face when it comes to power in May, 2011. However, it is absolutely unfounded a statement that only Mamata was responsible for the Railways financial losses. It may be needful to mention as to how Prof. Lallu Prasad Yadav (of Harvard fame) had put in place certain unprecedented forms of book-keeping in that department, and how that real face of the profits that he projected for at least two consecutive budgets showed up in future through various modes. A person who could say, chara kha liya to hum kya kar sakte hai (of Fodder scam fame) is least expected not to hobnob with a Cabinet department.Then to your reference of land acquisition problem. You might have slipped out of your modes when you fail to remember even after saying re-industrialization. This implies that the State already has to have a large majority of industrial land that are lying either sick or vacant. I cannot promise, but, can tell you one thing for sure that if only these lands are re-acquired, a major chunk of the acquisition problem would be resolved,toms outlet. CP(I)M s builders and promoters have left very little of these lands in Kolkata itself, but there are still large numbers of sick industries across the Hooghly-Howrah belt that have remained closed for decades now. Now, my final take is on the taxation part. You are probably aware that the industrial taxation is a vital element of a State s exchequer, so as to say, that I am not also suggesting a cut or your so-called pro-people policymaking. A State t Related articles:

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