The Rajiv Gandhi International Airport, which is being developed by GMR on the outskirts of Hyderabad, will be the first greenfield public-private partnership (PPP) airport to be operational in March 16.
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.
Next year, India will become one of the world's 10 biggest economies.
The Public Private Partnership Approval Committee (PPPAC), chaired by Economic Affairs Secretary R Gopalan, had granted approval to the six proposals of the ministry of road transport and highways spread across five states, an official statement said.
Plans to offer up to 10% of project cost as bonus to highway contractors, compared to 5% at present
Govt keen to revive business sentiment in india.
New Land Bill is aimed at reviving investment climate.
Such a disruption will take the clock back by many years - in terms of passengers handled - for these airports, thus raising questions among some of the airport operators over a delay in expansion plans.
Scouting for resources to meet its fund crunch, Railways is open to the idea of even 100 per cent FDI in its infrastructure development but would keep train operations out of its ambit.
India must improve business climate.
The government has made clear that the Airports Authority of India will closely monitor the cost of airports built through the PPP route.
Mamata Banerjee's Railway Budget evoked mixed reactions. While corporate India welcomed the moves made by the railway minister, opposition political parties flayed the budget calling it a fantasy and opoortunistic. Read on...
Aimed at attracting nearly Rs 1 lakh crore private investment, the station redevelopment project envisages infrastructure revamp at platforms and circulating areas.
The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, says TCS
Former rural development minister Jairam Ramesh tells Sanjeeb Mukherjee that the Ordinance to amend the land acquisition Act (2013) opens the door for forcible acquisition and undermines the spirit and the substance of the legislation.
India needs long-term thinking for long-term projects and a better handling of PPPs, says Business Standard.
The opposition in Lok Sabha on Monday tore into the controversial Land Acquisition Bill
The NDA government announced making of 100 smart cities.
The centres will be set up under a pilot project on PPP (public-private partnership) mode across the country, principal advisor (skill development mission) of Planning Commission Jayati Chandra said, adding that these are expected to come up by the middle of the year.
There is a need to set up independent regulatory authorities on energy, transport and urban infrastructure at the state level to ensure smooth implementation of infrastructure projects, especially those which are taken up on the PPP (public private partnership) model, said Vinayak Chatterjee, co-chairman of the CII National Council on Infrastructure and chairman of Feedback Ventures Limited.
'When the government wants to sell these assets, even if one set of assets gets caught in any quagmire, the whole process will fail.' 'The entire world is watching us.'
India, World Bank ink $375 mn deal to help develop country's first waterway
Under constant attack from his political opponents, the public and the media, he is said to have withdrawn into a shell, says Anita Katyal
Railways initiate project for ad revenues of Rs 4,000 cr.
Planning Commission Deputy Chairman Montek Singh Ahluwalia made a case on Wednesday for setting up a credible regulatory environment to attract funds for infrastructure development in the country. There are opportunities for private sector participation in infrastructure projects, which are being developed under the PPP mode, like on roads, ports and power, Ahluwalia told global investors.
Outlook for the Economic Survey (2006-07) also suggests a promising improvement in infrastructure development.
India has promised to reduce the emission intensity of its growth by 33-35 per cent from 2005 levels by 2030.
The Niti Aayog vice chairman noted that green shoots of recovery are already visible in multiple sectors. In 15-16 sectors, businesses are coming back to pre-COVID levels," he said.
Long-term funding was a requirement for infrastructure projects, and asset-liability mismatch in the banking system, impacts the access to finance for infrastructure projects. One of the key challenges would, however, be to get private sector back into investing.
The ones chosen for operation, management and development through a public-private partnership model are Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
Sensex, Nifty under pressure on weak global cues.
The shares could continue to see outperformance if the Budget assumptions are proved correct
The first Railway Budget of this Bharatiya Janata Party-led National Democratic Alliance government is a cosmetic exercise, high on rhetoric and low in substance, the CPI-M said.
The redevelopment of stations is good news for construction companies.
Govt must take few steps to improve business environment.
'If I am angry, then I do not have the right to be in the Cabinet. Whatever I have done, I have ensured that farmers' interests are protected,' Rural Development Minister Chaudhary Birender Singh, who 'abstained' from a meeting with the President on the ordinance, tells Rashme Sehgal.
Surat had bagged the fourth rank under the Smart Cities Mission based on its proposal.
The two major railway unions have proposed to the government an unprecedented alternative to privatisation or inviting foreign investment, to help raise funds and improve revenue.
Given the broken balance sheet and the limited fiscal room, the government has to kick off investment: Vikas Khemani & Stephen Gallagher.
Fifteen months after taking power, Modi's credibility as an economic manager is on the line.
