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.
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.
The government is trying to promote infrastructure development through PPP projects and has suggested the state should pick projects under this mode in a big way.
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.
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.
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 Finance Minister's concerns come at a time when delays in 110 central infra projects due to regulatory hurdle issues have resulted in over Rs 1.57 lakh crore cost overruns.
The idea of modernising railway stations under a PPP arrangement was aired several years ago by the then railway minister, Lalu Prasad, who visualised attracting Rs 15,000 crore (Rs 150 billion) investment in 22 stations.
The controversial Land Acquisition Bill was on Thursday cleared by the Union Cabinet, making mandatory the consent of 80 per cent of people whose land is taken for private projects.
As domestic opportunities diminish, investors look abroad for these projects.
The six Pinaka Regiments comprise of 114 Launchers with automated gun aiming and positioning system and 45 command posts to be procured from M/s TPCL and M/s L&T, and 330 vehicles to be procured from M/s BEML.
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
After lagging behind the broader market over the past three and six months, defence sector stocks have regained ground, reversing their performance from the past month. Concerns about slowing order inflows, execution hurdles, supply chain disruptions, and high valuations had weighed on the sector.
The Union agriculture ministry plans to invite private investment in its project to promote hybrid rice to increase output, particularly in eastern states.
Familiarity with the alphabet is important to understand the language of the country's most controversial sector.
If India had a road regulator in the late nineties, the capacity-building model based on public-private partnerships would not have been in tatters.
After the successful launch of the monorail project in Mumbai on Sunday, Tamil Nadu is gearing up to implement a similar project in Chennai.
Railway Minister Laloo Prasad Yadav asked private investors on Thursday to avail of the liberalised policies announced by his ministry under public private partnership concept for faster growth of the railways.
The meeting is a prelude to the framing of a public private partnership policy for the railways.
While the country needs at least 200 functional airports, 85 have been made ready so far for complete operations.
The Competition Commission of India has asked the government to amend existing rules to allow more competition in maintenance of highways and airports under the public-private-partnership model.
To increase the inbound tourist inflow, the tourism ministry has also given a proposal to the home ministry.
His outburst has to rank among the most bizarre episodes of two arms of the government fighting in public.
The Bombay Stock Exchange says it will train 6.5 million people in the next 10 years to work in the BFSI (banking, financial services and insurance) sector, the largest employer in the Indian private sector.
The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.
The PPP framework for these projects, like building hospitals and schools, will be different from the existing regime for infrastructure.
AIADMK leader Edappadi K Palaniswami is under pressure from his party as his unclear stand on the BJP alliance has brought back fears among party workers that the party may lose its identity, be forced into an unwanted coalition, and be taken over by the BJP later, observes N Sathiya Moorthy.
Delhi Metro's Airport Express, the country's first corridor to come up on Public-Private- Partnership mode, will roll out for public on Wednesday, turning Delhiites' dream of a hassle-free ride to the Indira Gandhi International Airport into a reality.
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.
If trained staff is employed, this revenue stream can be a big source of income for municipalities.
We need to equip the Indian Armed Forces, not 'commercial' as Trump wants, but 'operationally' looking at growing Chinese military capabilities, asserts Lieutenant General Prakash Katoch (retd).
Despite strong private sector interest and a Rs 750-crore (Rs 7.5 billion) Budget allocation, not a single agreement has been signed between the government and the private sector to upgrade 300 Industrial Training Institutes (ITIs) to centres of excellence within the target of this fiscal, which has three and a half months to run.
Alleging that there has been an enormous cost escalation in the Mumbai Metro Rail project, Bharatiya Janata Party (BJP) has demanded that Maharashtra government should conduct a special audit to find out the `real cost'.
The GMR group-run Delhi and Hyderabad airports have not only been gleaming examples of successful public-private partnerships, but they are also among the country's favourites.
United States Agency for International Development's Administrator Dr Raj Shah has said the public-private partnerships the USAID has been pushing for in India has overcome much of the notorious entrenched bureaucratic hurdles and red tape that has hitherto been a bane to development, particularly in alleviating acute health care deficiencies in the system.
The ministry said the 'multi-mode' hand grenades will replace the "World War II vintage" grenades being used by the Indian Army.
Employment exchanges will not remain mere places where people register their names and begin an endless wait for a call for an interview for a job which, most often, may never happen.
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.
Within the next two years the national capital will have its own IT hub aiming to foster industry-institute partnership in the areas of advanced technology research in the city.
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.
