Better stick to equity diversified funds, says Larisssa Fernand
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
Besides facilitating travel by easing the traffic bottlenecks, the approved lines would help the upcoming industries in the region.
UAE's promise of $50-bn investment in Indian infra won't be included.
The Union Cabinet on Monday cleared the proposal to set up Cabinet Committee on Investment under the Chairmanship of Prime Minister Manmohan Singh to accord expeditious approval to projects of over Rs 1,000 crore (Rs 10 billion).
In an attempt to get core sector projects off the ground, the government has constituted a 13-member Cabinet Committee on Infrastructure, which will be headed by Prime Minister Manmohan Singh.
Spectrum qualifies for the infrastructure criteria, say ministry officials.
In his letter to the Congress National President, Mallikarjun Kharge, Lovely said that all unanimous decisions taken by the senior Delhi Congress leaders have been unilaterally vetoed by the AICC general secretary (Delhi in-charge).
With a view to expedite major infrastructure projects, Prime Minister Manmohan Singh has asked the Plan panel to set up a mechanism to monitor the targets of all important projects on a quarterly basis.
The projects are to be given out on design, build operate, finance and transfer basis and are part of third phase of the National Highways Development Project, the government's programme to develop road infrastructure across the country.
While the new Strike Corps is being raised, equipped and trained, the government must make vigorous efforts to speed up the completion of infrastructure projects. Otherwise, the army will have a new Strike Corps and not be able to launch it effectively, says Gurmeet Kanwal
Call to hike the limit for investment approval from CCEA to Rs 1,500 crore.
Telecom equipment from China may face fresh curbs after the Cabinet on Wednesday cleared a proposal to secure telecom infrastructure by designating a "trusted source" for the purchase of equipment by service providers. Briefing reporters after the meeting of the Cabinet Committee on Security headed by Prime Minister Narendra Modi, Law, Telecom and IT Minister Ravi Shankar Prasad said a National Security Directive on Telecommunication Sector has been framed keeping in mind the national security.
The cabinet committee on infrastructure's clearance to big-ticket aviation projects, including the New Navi Mumbai airport, and plans to develop India as a civil aviation hub will help expedite the implementation of such projects, which are now caught up in challenges such as local opposition and land acquisition problems, say officials and experts.
A key beneficiary of the CCI impetus has been the petroleum sector, where investments worth $13.42 billion for exploration and production activities in 40 oil blocks were held up.
The 15 proposals were cleared following recommendations by Foreign Investment Promotion Board.
The Cabinet Committee on Infrastructure, chaired by Prime Minister Manmohan Singh, today accorded in principle approval for the establishment of the National Knowledge Network, which will be implemented by the National Informatics Centre.
The government on Thursday approved the Rs 1,540 crore (Rs 15.40 billion) digitalisation programme for state-owned broadcasters Doordarshan and All India Radio in the 11th Plan to help meeting challenges posed by private operators.
The Indira Gandhi Matritva Sahyog Yojana was approved by the Cabinet Committee on Economic Affairs on a pilot basis in 52 select districts for the remaining period of the XIth five year plan.
With the aim of speeding up the 2010 Commonwealth Games projects, the Indian Government on Thursday approved about Rs 828 crores funding for Delhi Development Authority (DDA). The DDA has been entrusted with the development of Games Village, competition venues for badminton, squash, table tennis and archery.
A meeting of the Cabinet Committee on Infrastructure, chaired by Prime Minister Manmohan Singh, approved the establishment of the National Knowledge Network at an outlay of Rs 5,990 crore (Rs 59.90 billion) to be implemented by the National Informatics Centre over a period of 10 years, an official spokesperson said.
The defence ministry said 10 helicopters will be for the Indian Air Force and five will be for the Indian Army.
S P Singh Baghel and B L Verma who made it to the Union council of ministers on Wednesday are two prominent Other Backward Classes leaders from Uttar Pradesh.
The establishment of these medical colleges will add at least 15,700 MBBS seats in the country.
Three countries share a common interest in warding off cyber attacks from various agencies PLA is developing and training in China.
The Appointments Committee of Cabinet has named Ravneet Kaur, a Punjab cadre IAS officer of 1988 batch, as chairperson of the Competition Commission of India (CCI). Kaur will hold the post for five years or until attaining the age of 65. She is the second woman to serve in an 'economic regulator' role after Madhabi Puri Buch, who was appointed chairperson of the Securities and Exchange Board of India last year and the first woman to head the country's chief national competition regulator.
FDI in real estate will now be through the automatic route and not through the Foreign Investment Promotion Board.
FDI of $500 million will come into the country with the Cabinet Committee on Economic Affairs clearing a proposal of the GVK Power and Infrastructure Ltd to issue over 78 lakh shares to NRI shareholders of its sister concern GVK Industries Ltd.
The Union cabinet on Saturday recommended re-promulgation of the controversial land acquisition ordinance. The land ordinance will be issued for the third time.
The government on Monday cleared a Rs 1,718 crore (Rs 17.18 billion) project to set five centres for automotive testing and homologation throughout the country over the next six years.
A top Home Ministry official said no note has been prepared yet to be placed before tomorrow's scheduled meeting of the Cabinet to be chaired by Prime Minister Manmohan Singh.
Private sector firms need to be re-engaged for better infra planning.
The Prime Minister's Office has clarified that the total sanctioned strength of the PMO has been around 525 in the period 2011-14. As against this, the actual strength of the PMO in the years 2011, 2012 and 2013 was in the range of 407 to 411. The number has now declined to 385.
The finance ministry is believed to have objected to some provisions of the policy.
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Likely to set the ball rolling for Rs 1.72-lakh-cr projects today
The Karnataka Cabinet on Monday decided to rechristen 'Mumbai-Karnataka' region consisting of seven districts as 'Kittur Karnataka.'
After attacking the Jet-Etihad deal, Janata Party President Subramanian Swamy on Wednesday trained his guns on the Air Asia proposal to set up an Indian carrier, saying the FIPB clearance to it was "not legally valid".
Industry chamber Ficci has sought details from the government about the "actual progress" of the mega infrastructure projects cleared by Cabinet Committee on Investment.
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