Connect with us

Business

Indian Railways signs MOU with Telangana

Published

8 years ago

on

Hyderabad: The memorandum of understanding has been signed between the Telangana government and Indian Railways to focus on the enhancement of railway infrastructure in the state.

The deal was signed by railways’ executive director, works, Ved Prakash, and Telangana’s Roads and Buildings Secretary Sunil Sharma.

This is latest in the series of MoUs the ministry of railways is signing with states to form joint venture companies to execute railway projects.

As per the MoU, the state government will bear 51 percent cost of the projects while railways will contribute 49 percent. According to a statement from the chief minister’s office, the agreement will expedite the railway projects in the state.

Railways have already signed MoUs for joint ventures with 17 states.

Railways Minister Suresh Prabhu had last year announced setting up of joint ventures with states for focused project development, resource mobilisation, land acquisition, project implementation and monitoring of critical rail projects.

The joint venture companies, to be fully-owned by the government, will primarily identify projects and possible financing avenues in addition to the central and the state governments.

After finances for a project are tied up, project-specific special purpose vehicles shall be formed. These SPVs can have other stake holders from industries, central and state public sector undertakings but the JV companies shall be mandatory stake holders with minimum 26 percent shares in them.

The ministry will sign a concession agreement of 30 years with the project SPV for safe and sound operation, revenue sharing and providing technical and marketing logistics to the SPV.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending