News for 'Private Partnership'

We may consider interim bail to Kejriwal ahead of LS polls, SC tells ED

We may consider interim bail to Kejriwal ahead of LS polls, SC tells ED

Rediff.com3 May 2024

A bench of justices Sanjiv Khanna and Dipankar Datta told Additional Solicitor General SV Raju, appearing for the Enforcement Directorate, that the hearing on Kejriwal's plea against arrest is likely to take time and therefore, the court was considering hearing the probe agency on interim bail to him.

India, US ink pact to boost cooperation among startups, promote innovation

India, US ink pact to boost cooperation among startups, promote innovation

Rediff.com15 Nov 2023

India and the US have signed an agreement to promote innovation through increasing cooperation among startups, address regulatory hurdles and share best practices on fundraising by entrepreneurs, an official statement said on Wednesday. The memorandum of understanding (MoU) on enhancing innovation ecosystems through an innovation handshake under the framework of India-US Commercial Dialogue was signed on November 14 in San Francisco. Commerce and Industry Minister Piyush Goyal is in San Francisco.

Lack of valuation comfort may enhance gains in capital goods sector

Lack of valuation comfort may enhance gains in capital goods sector

Rediff.com12 Dec 2023

Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.

Aviation majors in fray to operate copter taxis in Uttar Pradesh

Aviation majors in fray to operate copter taxis in Uttar Pradesh

Rediff.com9 Aug 2022

After launching expressway projects worth almost Rs 1 trillion, the Uttar Pradesh government is now betting big on the aviation sector to propel the state's economic growth. Air travel, comprising both business and leisure, is expected to give a fillip to the socioeconomic landscape by attracting fresh investment. It would also ramp up infrastructure and create jobs.

Govt to promote Kisan Drones, chemical-free farming

Govt to promote Kisan Drones, chemical-free farming

Rediff.com1 Feb 2022

The Centre will promote Kisan Drones, chemical-free natural farming, public-private partnerships for the delivery of digital and high-tech services to farmers across the country during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Budget 2022-23 in Parliament, Sitharaman said the inclusive development is one of the four priorities of the government moving forward. As part of the inclusive development, the government will promote the use of 'Kisan Drones' for crop assessment, digitisation of land records and spraying of insecticides. The government will also facilitate a fund with blended capital raised under the co-investment model through Nabard to finance agri start-ups and rural enterprises, she said.

Bharat Biotech's Covaxin shipped to 11 cities in India

Bharat Biotech's Covaxin shipped to 11 cities in India

Rediff.com13 Jan 2021

After having received the government purchase order for 55 lakh doses, Bharat Biotech shipped the first batch of vaccines (each vial containing 20 doses) to Gannavaram (Vijayawada), Guwahati, Patna, Delhi, Kurukshetra, Bangalore, Pune, Bhubaneswar, Jaipur, Chennai and Lucknow.

First US Navy ship arrives at TN port for repairs after Indo-US pact

First US Navy ship arrives at TN port for repairs after Indo-US pact

Rediff.com10 Jul 2023

The USNS Salvor was welcomed with a ceremony at the shipyard on Monday, and it is the first ship to arrive after the signing of the MSRA.

Sitharaman asks ministries to front-load their capital expenditure

Sitharaman asks ministries to front-load their capital expenditure

Rediff.com4 Jun 2021

Finance Minister Nirmala Sitharaman on Friday pitched for front loading of capital expenditure, saying it is critical for revitalisting the economy post the coronavirus pandemic. During a virtual meeting with senior government officials to discuss the infrastructure roadmap ahead, she also asked ministries to aim to achieve more than their capital expenditure (capex) targets. The Union Budget 2021-22 provided a capital outlay of Rs.5.54 lakh crore, a sharp increase of 34.5 per cent over the Budget Estimate of 2020-21.

Corruption in public sector banks: Who pays the price?

Corruption in public sector banks: Who pays the price?

Rediff.com4 Feb 2014

The inefficient public sector with higher costs offers a lobbying cover for the entire sector, which confers even greater benefits on the private sector.

Govt to focus on domestic production of arms: MoS Home

Govt to focus on domestic production of arms: MoS Home

Rediff.com10 Jun 2020

"Now the gof India has decided to soon initiate procurement from local industries to reduce import dependence," he said. Reddy, the Union Minister of State for Home, said for many years India was dependent on worldwide Original Equipment Manufacturers (OEMs) for procuring arms and ammunition.

'No second thoughts on Great Nicobar Port'

'No second thoughts on Great Nicobar Port'

Rediff.com11 Apr 2023

'An area of land has already been earmarked for their protected habitation.' 'There are also steps being taken to take care of the coral zone and mangroves.'

PPP in railways allowed for better connectivity

PPP in railways allowed for better connectivity

Rediff.com23 Nov 2012

The railways, whose performance in public-private partnership projects has been dismal, will try five different models for inviting private sector participation for last-mile connectivity projects.

Centre's new regulations bring cheer to owners of vintage cars in India

Centre's new regulations bring cheer to owners of vintage cars in India

Rediff.com11 Mar 2024

On Sunday morning, the sun shone brightly on vintage cars parked in symmetry on the grounds of ITC Maurya in New Delhi. The owners were making sure the old beauties turned up spick and span for a rally organised by ITC Hotels in partnership with the Heritage Motoring Club of India. The rally would end at ITC Grand Bharat in Gurugram, Haryana, later in the day.

Of power, privatisation and politics

Of power, privatisation and politics

Rediff.com26 Aug 2021

As the Centre pushes reforms in the power sector, especially for the beleaguered electricity distribution segment, several states, especially those ruled by Opposition parties, are clamouring against it. Maharashtra, West Bengal, Tamil Nadu, and Kerela have voiced their reservations against the proposed amendments to the Electricity Act, 2003. The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply. The proposed Bill was slated to be placed on the floor of Parliament in the Monsoon session. But it still awaits Cabinet approval amid several states complaining that they have been not consulted on the issue.

'We are looking at flying an Indian into space'

'We are looking at flying an Indian into space'

Rediff.com8 Dec 2023

'It's vital that over the next 10 years, that India, the US and the Artemis Accords family of nations come together to ensure that we not only return humanity to the moon, but that we build the technology that will allow us stay there permanently.' 'And then go on to Mars.'

Govt mulls Rs 1-lakh-cr road financing corp

Govt mulls Rs 1-lakh-cr road financing corp

Rediff.com25 Jun 2014

Move to accelerate investments; Japan to have a share in corpus

New IIITs to be autonomous

New IIITs to be autonomous

Rediff.com28 Aug 2008

As per the detailed project report, submitted to the Union HRD Ministry by National Association of Software and Service Companies, each new IIITs will come up in partnership with a group of private companies. Each IIIT will have a capital base in which the government's contribution will be less than that of the partnering companies.

Envoy met 8 Indians on death row in Qatar on Dec 3

Envoy met 8 Indians on death row in Qatar on Dec 3

Rediff.com7 Dec 2023

The Indian ambassador to Qatar met eight former Indian Navy personnel on death row four days back and two hearings took place on an appeal filed against the capital punishment handed down to them by a Qatari court.

Hospital chain plans to put expectant parents on cloud nine

Hospital chain plans to put expectant parents on cloud nine

Rediff.com1 Apr 2022

No expecting mother ever needs to travel for more than 30 minutes to reach one of their hospitals, believes the Cloudnine group.

C-295 fleet will become backbone of tactical airlift capability: Ex-IAF chief

C-295 fleet will become backbone of tactical airlift capability: Ex-IAF chief

Rediff.com25 Sep 2023

Former IAF chief Bhadauria said this aircraft is "state-of-the-art" and "hugely capable".

Parliament panel tightens ambit of land takeover Bill

Parliament panel tightens ambit of land takeover Bill

Rediff.com18 May 2012

Parliament's standing committee report on the government's land acquisition Bill has sought a thorough tightening of the provisions to ensure involvement of local institutions and an "informed and transparent process".

PM calls for greater role of PPP

PM calls for greater role of PPP

Rediff.com1 Sep 2009

While the private sector has been involved in a small way in upgrading government-owned Industrial Training Institutes and certain health initiatives, the PPP projects have not really taken off in a big way in these areas, PM said.

PM Modi's US visit: India's entry into critical mineral alliance on table

PM Modi's US visit: India's entry into critical mineral alliance on table

Rediff.com21 Jun 2023

Prime Minister Narendra Modi's state visit to the US is expected to see discussion on India's possible entry into a US-led global alliance on critical minerals, officials told Business Standard. In June last year, the US, the European Union, and other G7 partners launched the Minerals Security Partnership to ensure that China did not further strengthen its grip on supplies of critical minerals the world over. Various ministries, including the Ministry of Finance, have communicated to the Ministry of External Affairs to explore the possibility of India joining the partnership, officials said.

Entrepreneurs, $20 Bn Is Waiting For You

Entrepreneurs, $20 Bn Is Waiting For You

Rediff.com22 Dec 2023

'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'

RBI Governor Wants Bankers To Be Like Dravid

RBI Governor Wants Bankers To Be Like Dravid

Rediff.com20 Nov 2023

The governor made it clear that the RBI is aware of what's happening and acts accordingly, but doesn't make a noise about that, points out Tamal Bandyopadhyay.

Mamata asks India Inc to join hands with Railways

Mamata asks India Inc to join hands with Railways

Rediff.com24 Feb 2010

Presenting the Railway Budget for 2010-11 in the Lok Sabha on Wednesday, Railway Minister Mamata Banerjee said that it is time for private partnership in Indian Railways, but said that the railways will not be privatised.

InterGlobe plans to launch electric air taxi service in India in 2026

InterGlobe plans to launch electric air taxi service in India in 2026

Rediff.com9 Nov 2023

InterGlobe Enterprises on Thursday said it along with Archer Aviation plans to launch an all-electric air taxi service across India in 2026. Once launched, the InterGlobe-Archer flight will aim to take passengers from Connaught Place in the national capital to Gurugram in Haryana in approximately 7 minutes whereas by road, the 27-kilometre-long trip will take 60-90 minutes, according to a release. Both companies have entered into a Memorandum of Understanding (MoU) with the goal of partnering to launch and operate an all-electric air taxi service in India, subject to appropriate regulatory approvals and clearances.

Air India takeover: Montek bats for the Tatas

Air India takeover: Montek bats for the Tatas

Rediff.com7 Oct 2021

No other corporate house in India is in a better position than Tata group for the takeover of debt-laden airline Air India, former deputy chairman of erstwhile Planning Commission Montek Singh Ahluwalia said on Thursday. Tata Sons has emerged as the top bidder for the takeover of the state-run airline but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah. "You can't have a better corporate, with a better position than the Tatas, we can hand it (state-run airline Air India) over," he said while replying to a question in a virtual event.

Infra Brushstrokes For The Budget

Infra Brushstrokes For The Budget

Rediff.com30 Jan 2023

7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.

Plan panel against CAG scrutiny of PPP projects

Plan panel against CAG scrutiny of PPP projects

Rediff.com12 Sep 2011

"The performance of the public part of the (PPP) project should be subject to proper scrutiny but obviously where the private sector (is given) flexibility ... you cannot subject that to CAG scrutiny," Montek Singh, Planning Commission Deputy Chairman said when asked whether there is case for CAG scrutiny of PPP projects.

Leasing Jaipur, Guwahati, Thiruvananthapuram airports gets Cabinet nod

Leasing Jaipur, Guwahati, Thiruvananthapuram airports gets Cabinet nod

Rediff.com19 Aug 2020

The Union Cabinet on Wednesday approved the proposal for leasing out airports at Jaipur, Guwahati and Thiruvananthapuram through public-private partnership (PPP).

India working on small, factory-built N-reactors, nod for 10 under 'fleet mode'

India working on small, factory-built N-reactors, nod for 10 under 'fleet mode'

Rediff.com23 May 2023

India is working on new technologies such as the small modular reactors that can be factory-built and help make clean energy transition, Science and Technology Minister Jitendra Singh said in New Delhi.

Controversial Land Acquisition bill cleared by GoM

Controversial Land Acquisition bill cleared by GoM

Rediff.com16 Oct 2012

The final draft of the bill now proposes consent of two-third of "land losers" (from whom land would be purchased) for acquiring land for public-private-partnership and private projects, sources said.

Modi, Biden discuss N-energy, 6G and AI; vow to 'deepen, diversity' defence ties

Modi, Biden discuss N-energy, 6G and AI; vow to 'deepen, diversity' defence ties

Rediff.com9 Sep 2023

In a post on X, Modi said, "Happy to have welcomed @POTUS @JoeBiden to 7, Lok Kalyan Marg. Our meeting was very productive."

CBI books GVK chairman, son for defrauding Mumbai airport

CBI books GVK chairman, son for defrauding Mumbai airport

Rediff.com2 Jul 2020

The Central Bureau of Investigation has booked Venkata Krishna Reddy Gunupati, chairman of the GVK group of companies, and his son G V Sanjay Reddy, managing director of Mumbai International Airport Ltd, among others for alleged irregularities to the tune of Rs 705 crore in running of the airport, officials said.

Bill Gates lauds Digital India initiatives

Bill Gates lauds Digital India initiatives

Rediff.com1 Mar 2023

India's sprawling digital public infrastructure received a glowing endorsement from billionaire philanthropist Bill Gates on Wednesday as he praised the country's "great" digital network, reliable and low-cost connectivity, and said this will be the cheapest 5G market. Under the G20 presidency of India, a session on 'Building resilient and inclusive economies- the Promise of Digital Public Infrastructure' was held on Wednesday in New Delhi, where the Microsoft co-founder spoke of India's digital identity Aadhaar, its payment infrastructure, and rapid strides that the country has taken in bringing more people into formal banking system. "India in particular, by laying the groundwork for digital public infrastucture starting with identity system, allows people to build on top of that.

Who will build India's infrastructure?

Who will build India's infrastructure?

Rediff.com14 Sep 2012

The private sector accounted for 30 per cent of all investment in infrastructure in the last Plan period and is supposed to mobilise 50 per cent ($500 billion) of the planned infrastructure spending for 2012-17.

Why CAG's numbers on Delhi airport are misleading

Why CAG's numbers on Delhi airport are misleading

Rediff.com20 Aug 2012

The Comptroller and Auditor-General's report on the Delhi International Airport Ltd (DIAL) as a public-private partnership (PPP) project makes several valid points, but presents a seemingly factual but fundamentally misleading picture of the total financial outcome.

Pannun 'Plot': 'Biden has received a wake up call'

Pannun 'Plot': 'Biden has received a wake up call'

Rediff.com4 Dec 2023

'US officials must grapple with the possibility that one of its closest partners attempted an extrajudicial killing on its soil.' 'This is not something that friends typically do to friends.'

'Technology' appears 44 times in Modi-Biden statement, up from 5 three years ago

'Technology' appears 44 times in Modi-Biden statement, up from 5 three years ago

Rediff.com24 Jun 2023

From the seas to the stars, this partnership will now be deepened by the defining role of technology, the statement said.