CST Mumbai, Pune, Nagpur, Howrah, Sealdah, Thiruvanathapuram, Chennai, Bhopal, Madhura Junction, New Jalpaiguri and Kochi are some of the stations that will be modernised.
The innovation universities are part of the ministry of human resource development's brain gain policy.
The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.
The government on Thursday said it would expeditiously clear pending proposals in the infrastructure sector under the public-private partnership (PPP) mode while making regulations, governing this area, investment friendly.
To be set up under the PPP model, the 20 institutes will offer undergraduate, masters and PhD programmes.
Bids for the proposed Rs 1,290-crore (Rs 12.9 billion) Madhepura electric locomotive factory in Bihar will be opened next week, say railway ministry officials.
The airport express line of Delhi Metro, the country's first public-private-partnership project in the rail sector, would formally open for general public in a month, Delhi Chief Minister Shiela Dikshit said.
Although a detailed blueprint is yet to be created, sources familiar with thedevelopments said companies would initially be roped in to augment the basic rail infrastructure in industrial areas such as mining zones.
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 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.
The new concessionaire will be appointed by the end of April and the groundwork for the project is expected to begin in October.
Consortium of 10 banks, led by the State Bank of India, has sanctioned the entire debt requirement of Rs. 11.480 crore for the project.
RSS-aligned Bharatiya Mazdoor Sangh (BMS) on Monday expressed disappointment over the government's budget proposals with regard to divestment and foreign direct investment, especially in the insurance sector. The BMS, however, lauded the government for its current efforts on the massive vaccination programme, a special scheme for tea workers in West Bengal and Assam, labour oriented push on infrastructure projects in construction sector and development of five major fishing harbours viz. Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat as hubs for economic activities etc. On other Budget proposals, it said in a statement that "mixing the beautiful concept of Aatmanirbhar Bharat with FDI and disinvestment in the Union Budget is disappointing for the employees".
The government's ambitious highway projects under the public-private partnership mode are in serious trouble. Construction companies have either not put in bids or have withdrawn from 20 such projects, which fall under the build, operate and transfer scheme.
India has initiated steps to build its first indigenous civilian transport aircraft under a public-private partnership project that will be undertaken in a national mission mode.
The home ministry's mega housing project will be implemented through the Public Private Partnership mode as the pace of construction of old projects, being done by Central Public Works Department, has been less than satisfactory.
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.
The aim to ensure a steady revenue and corporate sponsorship for sports, besides keeping infrastructure in use.
Despite higher allocations, core sector likely to see reduced profitability.
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.
The company aims to be part of all smart city programmes in the country directly or indirectly and has come up with a host of India-specific products. Karan Choudhury reports.
The projects include six-laning of highway stretches in Rajasthan, Gujarat and Andhra Pradesh, four-laning of highway stretches in Gujarat, Maharashtra and Madhya Pradesh and two-laning with paved shoulders of stretches in Punjab and Rajasthan.
MSD Wellcome Trust Hilleman Laboratories, the joint venture to develop affordable vaccines for low-income countries, will take off by next year.
It is a Budget 'high on promises but low on design,' the agency said.
The government may consider a public-private partnership (PPP) mode for setting up national gas highways to ensure distribution across the country.
Privatising the railways is not on her agenda. But the minister wants to earn revenue for the government by all means possible, and also do social good. railway Railway Minister Mamata Banerjee talks of her pet public-private partnership and Vision 2020. Edited excerpts:
Finance Minister Arun Jaitley announced slew of reforms for the masses.
A division bench headed by chief justice A P Shah dismissed a bunch of petitions that alleged that both the Delhi International Airport Ltd and the Mumbai International Airport Ltd were collecting ADF in an illegal manner, without having any authority.
Finance Minister Pranab Mukherjee, who took additional charge of the finance ministry recently, has rejected a Planning Commission proposal to increase the upper limit for Viability Gap Funding (VGF) for infrastructure projects coming up under the public-private partnership model.
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.
The meeting is a prelude to the framing of a public private partnership policy for the railways.
Tech is also being used to stem resignations, which have recorded a rise amid COVID-19.
After the infrastructure sector, the public-private partnership model will be extended to rural job generation as well.
FDI inflow of $14.6 billion in the first five months of 2008-09 showed an impressive growth of 124 per cent over the same period last year. Earlier, in October the government had expressed optimism saying India would exceed its target of $35 billion this fiscal. Sectors that attracted maximum FDI in 2007-08 were services, telecom, housing, construction activities, real estate, electrical equipment, computer software and hardware.
India needs long-term thinking for long-term projects and a better handling of PPPs, says Business Standard.
If the Indian Railways, therefore, wishes to implement its expenditure plans as outlined in the Interim Railway Budget, it has to look for alternative sources of funding. One option under study is to adopt the PPP route to implement new projects. Mamata Banerjee's first Railway Budget in the United Progressive Alliance government, therefore, may outline major PPP initiatives for several new projects, say railway officials.
'This will have a multiplier effect in generating more jobs.'
A tribunal consented with the decision of the newly constituted board of the IL&FS and observed that the initiation of bankruptcy proceedings was the best option for the two firms.
The government had planned to complete the bidding process and award the final contract for these projects by December 2008. An official from the National Highway Authority of India said, "Now that PPPAC had given approval to these 21 highway projects, we will be speeding up the bidding process."
The Karnataka government will soon select a consortium bidder for the 35-km high-speed rail transport between Bangalore International Airport at Devanahalli and the city centre, a top official said in Bangalore.
