Former Pakistan prime minister Nawaz Sharif on Monday hinted that his Pakistan Muslim League- N party may not be averse to an alliance with Benazir Bhutto's Pakistan People's Party in the forthcoming general elections. Sharif said that the PML-N and the PPP can explore the possibility of a coalition government after the elections. the PML-N had decided to boycott elections to express solidarity with the PPP following Bhutto's assassination. But it reversed the decision later.
Infrastructure assets worth over Rs 1.62 lakh crore are expected to be monetised during the current fiscal, Parliament was informed on Monday. The government had last year announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) to unlock value in infrastructure assets across sectors, ranging from power to road and railways in four years till 2025. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said about Rs 97,000 crore worth of public assets were monetised in the last fiscal (2021-22).
Senior Pakistan People's Party leader Raja Parvez Ashraf on Thursday emerged the leading contender for the post of premier despite reservations over his candidature within the ruling party and its allies.
'Similar to the case of the digital payment system where the government created a public platform and others joined in, we are exploring a similar structure to create a PPP platform where the compute required for AI could be accessed by the small player.'
The assumption clearly was that project execution timelines would be adhered to and revenues would flow in as scheduled.
At a luncheon hosted by PPP co-chairman Asif Ali Zardari for newly elected Parliamentarians, leaders of the three parties said they would support each other to form the federal government and to change the establishment to ensure that the military no longer had a role in Pakistan's politics.
Most of the projects face hurdles such as delay in approvals and lack of coordination between state governments and the railways.
The ruling Pakistan Peoples Party on Tuesday asked its workers to remain calm following Prime Minister Yousuf Raza Gilani's disqualification by the Supreme Court as the party leadership decides its future course of action in consultation with its coalition partners.
Senior Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz, the daughter of three-time former prime minister Nawaz Sharif, on Monday, became the first-ever woman chief minister of a province in Pakistan when she was elected to head the Punjab province, describing it as an 'honour' for every woman in the country.
This case is the largest investigated by the Pandemic Response Accountability Committee Fraud Task Force to date, US Attorney for the Northern District of Texas Leigha Simonton said in a press release.
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Many of the PPPs have not evinced interest, Prabhu said.
Former Prime Minister Benazir Bhutto is determined to return to Pakistan from self-exile on October 18, the Pakistan People's Party said in Islamabad on Monday. The government had asked Bhutto to postpone her homecoming till the Supreme Court decides on petitions against President Pervez Musharraf's re-election and a law giving Bhutto amnesty in graft cases. PPP spokesperson Sherry Rehman there was no confusion about the two-time prime minister's return programme.
The ceremony was scheduled to be held on Monday, but President Alvi had refused to administer the oath to the lawmakers, compelling the government to postpone it.
With the D-day for the polls drawing closer, Modi upped the ante against the Siddaramaiah government addressing four back to back rallies at Gadag, Tumakuru, Shivamogga and Mangaluru.
PCB's interim chief Najam Sethi said he will not seek a permanent position in the PCB after pulling out of the race to be its next chairman.
During his first Union Budget in July 2014, former finance minister Arun Jaitley announced the setting up of an institution called 3P India, with an allocation of Rs 500 crore. The intention was to mainstream public-private partnerships (PPPs) in India. The plan was to bring together the capacities of the government and private sector to push PPP projects.
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
The ministry of railways has dropped its proposal for monetisation of stations on public-private partnership mode, and projects are now being taken up under engineering, procurement and construction (EPC) mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite monetisation of other assets, including trains, goodsheds, hill rail, stadiums, railway colonies and railway land parcels among others. "Largest asset class (stations) dropped. Stations earlier proposed on PPP mode are now being taken up under EPC mode," the source said.
After news about the demise of Pakistan's former president General Pervez Musharraf was confirmed, the country's Foreign Minister Bilawal Bhutto Zardari on Sunday changed his Twitter profile picture to a photograph of his mother Benazir Bhutto and the late Nawab Akbar Bugti, in whose murder the former military ruler was named.
Here are some day's snippets of the upcoming Lok Sabha elections:
The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI. "The supervisory reviews undertaken by the Reserve Bank and the feedback and references from members of public have revealed several instances of unreasonable elongation of tenor of floating rate loans by lenders without proper consent and communication to the borrowers," he said.
These could include strengthening the public-private partnership (PPP) dispute resolution mechanism, uniform PPP institutional framework, easier terms for infrastructure companies accessing bond markets, and tax sops, Business Standard has learnt. Investment in infrastructure projects with high multiplier effect has been the Centre's main plank to revive the economy, create employment and boost consumption.
The government has fixed an indicative value for Delhi's iconic 'The Ashok' hotel at Rs 7,409 crore under the national monetisation programme, according to sources. The Ashok and the adjacent hotel Samrat are among the eight India Tourism Development Corp assets listed under the National Monetisation Pipeline (NMP) announced by Finance Minister Nirmala Sitharaman last year. The sources said investor consultation has already been undertaken and a cabinet note for the sale of the sprawling 25-acre property in the heart of the national capital is under consideration.
In order to achieve $5 trillion GDP by FY'25, India needs to spend about $1.4 trillion over this period on infrastructure, according to the Economic Survey. During financial years 2008-17, India pumped in about $1.1 trillion on infrastructure. However, the challenge is to step up infrastructure investment substantially, the Economic Survey 2021-22 said.
'This plan is basically to allow some of the government assets for rent, and surely not for sale.' 'There is a difference between selling a house and renting out a house.'
The PTI government lost the majority in the lower house of the parliament following the late-night development ahead of the no-confidence motion against Imran Khan on April 3.
E-commerce players may soon rent out drones, so you can use them the way you book a cab on an app, and test viable use-cases for last-mile delivery.
As many as 174 members voted in favour of the motion in the 342-member House while members of the ruling Pakistan Tehreek-e-Insaf were absent during the voting.
Latif claimed that 72-year-old Nawaz will face the cases as per the law and the Constitution, reiterating that PML-N believes in court and will accept its verdict.
The meeting between the three top Opposition leaders took place at the Bilawal House in Islamabad, hours after they ousted Imran Khan as the prime minister after the cricketer-turned-politician lost the no-confidence vote in the National Assembly.
'The Modi visit will prove to be the watershed where India and the United States commenced technology trade and transfer.'
The Opposition PPP on Thursday alleged that the PTI-led government was planning an assault on the Sindh House in the federal capital.
'Worshippers weren't killed during prayers even in India or Israel but it happened in Pakistan'
The doctors' bodies said that the two sides reached consensus during talks with the state government agreeing to keep private hospitals that have not availed land at subsidised rates or other benefits from it outside the ambit of the proposed law.
The Supreme Court on Monday dismissed a petition filed by the Kerala government against the state high court verdict rejecting the pleas challenging the Centre's decision to lease out Thiruvananthapuram International Airport to Adani Enterprises Ltd.
Following are the highlights of the Economic Survey 2022-23 tabled in Parliament on Tuesday
A day after the RBI raised the benchmark lending rate by 35 basis points, Kotak Mahindra Bank Managing Director Uday Kotak on Thursday said the central bank may go for one more rate hike to bring inflation below its upper tolerance level of 6 per cent. Yesterday, the RBI indicated that it wants inflation to be within the band first and then move towards the target of 4 per cent, Kotak said at the CII Global Economic Policy Summit 2022. "My sense is that there could be one more rate hike and that may be the time for thinking about a pivot, but we got to watch very closely the data, and maybe around 6.5 per cent as it looks today, subject to what happens to the world, subject to what happens to oil, subject to what happens to many other things," he said.
Demonstrators took to the streets to protest against what they called the rigged election in which Pakistan ruling party is said to be winning, and erected barricades to block the movement, Dawn reported.
The JSW Group has expressed interest to develop a 900 MW pumped storage hydel power project and a state of the art rolling shop for steel in West Bengal, company chairman Sajjan Jindal said on Wednesday. He announced the projects while addressing the inaugural session of the Bengal Global Business Summit, organised by the state government, in Kolkata. "We are keenly pursuing a 900 MW hydro pumped storage project. "This will bring clean energy to the state and we hope to receive this prestigious project through a nomination from the state government," Jindal said.
Khan, who faced his toughest political test since assuming office in 2018 due to defections in his party and cracks in the ruling coalition, in a surprise announcement during an address to the nation on Sunday said he had advised the president to 'dissolve assemblies'.
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