The Cabinet Committee on Infrastructure (CCI) has been constituted under the chairmanship of the Prime Minister Dr. Manmohan Singh. The constitution of the high powered Committee comes in the wake of government's focus on infrastructure which has been identified as a key priority area.
The loans by the banks would be refinanced by the IDF so that banks have free funds for more lending.
The cabinet committee on infrastructure's clearance to big-ticket aviation projects, including the New Navi Mumbai airport, and plans to develop India as a civil aviation hub will help expedite the implementation of such projects, which are now caught up in challenges such as local opposition and land acquisition problems, say officials and experts.
The Cabinet Committee on Infrastructure, chaired by Prime Minister Manmohan Singh, today accorded in principle approval for the establishment of the National Knowledge Network, which will be implemented by the National Informatics Centre.
The government on Thursday approved the Rs 1,540 crore (Rs 15.40 billion) digitalisation programme for state-owned broadcasters Doordarshan and All India Radio in the 11th Plan to help meeting challenges posed by private operators.
In an attempt to get core sector projects off the ground, the government has constituted a 13-member Cabinet Committee on Infrastructure, which will be headed by Prime Minister Manmohan Singh.
With a view to expedite major infrastructure projects, Prime Minister Manmohan Singh has asked the Plan panel to set up a mechanism to monitor the targets of all important projects on a quarterly basis.
With the aim of speeding up the 2010 Commonwealth Games projects, the Indian Government on Thursday approved about Rs 828 crores funding for Delhi Development Authority (DDA). The DDA has been entrusted with the development of Games Village, competition venues for badminton, squash, table tennis and archery.
A meeting of the Cabinet Committee on Infrastructure, chaired by Prime Minister Manmohan Singh, approved the establishment of the National Knowledge Network at an outlay of Rs 5,990 crore (Rs 59.90 billion) to be implemented by the National Informatics Centre over a period of 10 years, an official spokesperson said.
The projects are to be given out on design, build operate, finance and transfer basis and are part of third phase of the National Highways Development Project, the government's programme to develop road infrastructure across the country.
Suggesting steps to boost the Indian economy, the IMF chief further said the government should focus on fiscal consolidation.
The Prime Minister directed that a special cell be created immediately in the Cabinet Secretariat.
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