'You peel one layer, then another layer, then another, but in the end, you will see that there is no onion inside.' 'This package has been packaged well, but there is nothing much inside the package!'
The definition of affected family includes farm labourers, tenants, sharecroppers and workers in the area for three years prior to acquisition.
Learning perhaps from the Kargil debacle, Musharraf tried hard to evolve as a statesman in his dealings with India, recalls Rana Banerji, who headed the Pakistan desk at RA&W.
"In the coming days if we see a political or constitutional upheaval in Pakistan, or an increase in instability, then we cannot rule out the possibility of another coup in the country," said defence expert Sanjeev Srivastava.
Finance Minister Nirmala Sitharaman announced on Monday a record sum of Rs 1.10 lakh crore for the Railways, out of which Rs 1.07 lakh crore is for capital expenditure, and said the national transporter would monetise the dedicated freight corridors after its commissioning. Presenting the Union Budget 2021-22, Sitharaman also applauded the services provided by the Railways to transport essential goods across the country during the coronavirus lockdown.
'This will have a multiplier effect in generating more jobs.'
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.
After the successful launch of the monorail project in Mumbai on Sunday, Tamil Nadu is gearing up to implement a similar project in Chennai.
Inviting private investment, Railways Minister Suresh Prabhu on Friday said a transparent system is being put in place to facilitate it and moves are afoot to revamp the ministry's public-private-partnership (PPP) cell.
It is likely to have a similar tax efficient pass through status, for PPP and other infrastructure projects.
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.
Reserve Bank allowed banks to invest in long-term infrastructure bonds.
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The railway minister said that one-third studies have already been done.
Railway Budget has not discriminated against any state.
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.
India is better positioned to face external shocks emanating from increasing geopolitical tensions, the aftermath of the COVID pandemic and the inevitability of climate change, Reserve Bank Deputy Governor Michael Debabrata Patra said on Monday. Relative to macroeconomic configurations in 2013 when India was described as one of the fragile five countries, he said, "India is better positioned currently, as its macroeconomic fundamentals have improved significantly, and external sector indicators point to the availability of enough cushions to manage external shocks." He was speaking at a conference on 'Growth And Development in the BRICS Economies' organised by the Delhi School of Economics (DSE) and the Indian Statistical Institute (ISI).
Prime Minister Manmohan Singh today set an investment target of Rs 1.15 lakh crore in PPP (public private partnership) projects across infrastructure sectors in rail, port and power in the next six months.
The National Highways Authority of India on Wednesday said it needs to borrow up to Rs 20,000 crore (Rs 200 billion) per year for the next 15 years to implement Rs 9 lakh crore (Rs 9 trillion) worth of road projects in the PPP mode till 2031-32.
Finance Minister Arun Jaitley announced slew of reforms for the masses.
Over the past two years, some 30 mid-career bureaucrats are said to have joined the private sector as COOs, CEOs and partners in consultancies.
The central government's view of exploring public-private partnership (PPP) in the establishment of new institutes of higher learning has a private hand, right from the first step.
Anil Dhirubhai Ambani Group firm says it is financially unviable.
India is capable of developing GM crops, Randy Hautea, global coordinator for International Service for the Acquisition of Agri-Biotech Applications, tells Kanika Datta.
'The economy needed 3 or 4 major fixes. The major one was, of course, the direct tax structure, but we ended up complicating the existing convoluted tax structure,' says M R Venkatesh, chartered accountant and lawyer.
According to the guidelines approved by the government, 100 per cent FDI can be utilised in facilities like cleaning up trains and installation of bio-toilets in passenger coaches and setting up of mechanised laundry services.
The party wants to focus on urbanisation with newer and eco-friendly technologies.
This is the second project in the country in which a metro rail project is being undertaken through a PPP model after the 71-kilometre Hyderabad metro project was won by Maytas Infrastructure. According to industry sources, infrastructure major Larsen & Toubro had also initially shown interest for the project, but backed out finally.
The government will launch a project for modernising employment exchanges, which will help the youth to get jobs by registering themselves online at any exchange in the country.
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
Rashtriya Janata Dal chief Lalu Prasad on Wednesday described the railway budget as 'disappointing' and said the ministry's attempt to attract private firms to fund the rail projects is like 'chasing a dream'.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a five-year-long reform-based result-linked power distribution scheme worth Rs 3.03 lakh crore, for strengthening system of utilities to improve efficiency. Briefing after the CCEA meet here, Power and New & Renewable Energy Minister R K Singh said, "We have done a lot for power distribution reforms. It needs to be strengthened. Today, the Cabinet has approved the new scheme worth Rs 3.03 lakh crore, including Rs 97,000 crore central outlay." He said the funds would be given to power distribution companies (discoms) to strengthen their system.
The airport would comprise two runways and handle 70 million passengers and 3 million tonnes cargo annually when fully developed.
'It's like the BJP is mocking people: Do what you want, we'll still win.'
Move to accelerate investments; Japan to have a share in corpus
Modi reached out to farmers, telling them that "lies" are being spread over the measure for "political reasons" to create confusion among the farming community.
Will help in reviving the economy and push investment.
'We hope there shall be more focus on existing projects and their completion rather than new projects.' 'Any new project announcements should be largely for decongesting the existing lines rather than new lines.'
The US is likely to have per capita GDP of $57,455, about 20 times India's, indicative of how far India will stand in about a decade.
Seeking an interim stay of the high court's verdict, the plea filed through lawyer C K Sasi said that it has challenged the 'arbitrary and illegal action' of the Airports Authority of India in attempting to prefer a particular private concessionaire, Adani Enterprises Ltd, for the operation, management and development of Thiruvananthapuram International Airport.
'Saying the private industry will come and transform India's space programme is real moonshine!'
