The redevelopment of stations is good news for construction companies.
The Major Ports Authority Bill, 2020 was passed through ballot votes in the Rajya Sabha on Wednesday with 84 votes in its favour and 44 against it. The Lok Sabha had passed the bill on September 23 last year.
The government has used four methods to value the assets that it is looking to monetise under its Rs 6-trillion National Monetisation Pipeline (NMP). The value of the assets on the block is indicative that the government is expected to realise either in the form of upfront accruals or by the way of private sector investment, NITI Aayog said in its report. Valuations are essentially estimates, so multiple methodologies are useful to get a range, said Manish Agarwal, infrastructure expert and co-founder of AskHowIndia.org. Different valuation methodologies depend on the different assumptions that are being considered for valuing a business, he said.
Aimed at attracting nearly Rs 1 lakh crore private investment, the station redevelopment project envisages infrastructure revamp at platforms and circulating areas.
Fifteen months after taking power, Modi's credibility as an economic manager is on the line.
Kolkata excels in business performance with employee headcount and number of engineering students doubling in the last five years.
The airports chosen for operation, management and development through a public-private partnership model are those in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
The airport would comprise two runways and handle 70 million passengers and 3 million tonnes cargo annually when fully developed.
Union Road Transport & Highways Minister Oscar Fernandes said his ministry has decided to take up and fast track few expressway projects for the benefit of the industry.
Government think tank Niti Aayog has suggested 100 per cent income tax exemption for donations and provision of working capital loans with lower interest rates for not-for-profit hospitals to strengthen healthcare services in India. In a report titled 'Not-for-Profit Hospital Model in India', the Aayog also pitched for involving high performing hospitals in public private partnership (PPP) models for managing primary health care (PHCs), operations of government facilities and PSU hospitals. "Income-tax exemption could be increased from the current 50 per cent exemption to 100 per cent exemption for philanthropy toward the identified not-for-profit hospitals.
Around Rs 2 trillion will flow in over the next five years for development of urban areas across India.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
Indian Railways is currently implementing a project that involves laying of a broad gauge line connecting Nangaldam to Talwara in Himachal Pradesh.
India Inc is encouraged by a determined Budget.
The government's subsidy bill towards oil, fertilisers runs into lakhs of crores of rupees.
The Centre will release Rs 95,082 crore as tax devolution to the states this month after including one advance instalment to help them push their capital expenditure, Finance Minister Nirmala Sitharaman said on Monday. After a meeting with all chief ministers and state finance ministers, Sitharaman said states had said that it would be helpful for them if the tax devolution is front loaded.
Airports hold pride of place in the government's National Monetisation Pipeline (NMP) programme to monetise public assets. Private airport operators, including the Adani group, Fairfax, GMR and Zurich Airport, are expected to evince interest in the next round of public private partnership (PPP) development of state-owned Airport Authority of India (AAI) airports. Industry analysts, however, do not expect bids to be as high as the last round, which saw Adani group gain control of six airports.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
The ministry has also decided to offer station for redevelopment by inviting open bids from companies.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
Surat had bagged the fourth rank under the Smart Cities Mission based on its proposal.
Stocks to watch: BHEL, L&T, IRB Infra and Suzlon
100 smart cities to become a reality as Cabinet approves the project, earmarks Rs 100 trillion for the purpose.
The Adhyayan Quality Standard engages schools in self-review to improve education standards, says Anjuli Bhargava.
The macroeconomic environment has changed dramatically for the better.
This Budget signals a shift from a hand-out to a hand-up economy.
The public-private partnership model is a compulsion, says the minister.
CAG in the audit report on land issues in three IT parks also said 64% land given for IT development remained unutilised since 1990
Though not a blockbuster budget it does not undermine the fact that key issues were addressed and the finance minister certainly did not under-deliver, says Vatsal Srivastava.
Infra sector is neglected by the Modi govt.
CAG may not be the cure-all for the ills that afflict PPP projects and is perhaps a sub-optimal solution to the problem.
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
The success story of Adani's Mundra Port in Gujarat, in terms of efficiency, technology and management, should be replicated at Vizhinjam to ensure that this ambitious project does not fail, say Shehzad Poonawalla and Riya Sinha.
The NDA government announced making of 100 smart cities.
'By 2020 around 34% of India's population will be in the 15-34 age group.' 'More than 70% of them live in rural areas.' 'Their energy and enthusiasm need to be tapped in order to meet their aspirations and transform agriculture and the rural economy,' says P K Joshi.
In a bid to woo foreign investors, the Indian Railways is planning to organise road shows in select countries showcasing opportunities for investment in the rail sector.
The shares could continue to see outperformance if the Budget assumptions are proved correct
Modi govt must bring about reforms to kick-start big-ticket infra projects.
When Nitin Gadkari took charge as Road Transport and Highways Minister in 2014, he had set a target of constructing 40 km a day in two years. But construction at this point is a mere 16 km a day. Megha Manchanda on what ails the road sector.
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