The Prime Minister's Project Monitoring Group (PMG) chairman Anil Swarup said 40 per cent of the 419 stalled large investment projects in his hand were struck due to environmental clearances.
'Visibly there is a posturing that everything is fine. That creates a bit of a problem.'
Swiss brokerage UBS said Nifty will scale the 8,000-mark by December even though market expectations from government remain "unrealistically" high.
For Swarup, the job would not be just challenging but also tricky, given the negativity attached to the sector.
Suggesting steps to boost the Indian economy, the IMF chief further said the government should focus on fiscal consolidation.
According to the Dun & Bradstreet CFO optimism index, nearly half of the surveyed CFOs expressed optimism regarding the macro economic scenario for the Indian corporate during the April-June quarter of this year.
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
Modi is keen to restart big projects which are stuck for various reasons.
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While 44 per cent of the problems relate to environmental issues, 60-65 per cent under the PMG radar are coal-fired thermal power projects mostly awaiting coal linkages.
The rating agency official did raise concern about the banks' non-performing assets.
Committing to more steps to boost economy, the Finance Ministry said initiatives taken by the government in the past one year will boost investment and revive the sagging growth.
A report card titled '10 Years of Progress and Growth' highlighting achievements of the government led by Prime Minister Manmohan Singh on Friday said 'average GDP growth rate during the period of UPA government (2004-05 to 2013-14) has been 7.7 per cent despite two global slowdown in this period'.
Some 74 projects from Odisha and another 51 projects from Chhattisgarh have lined up before the Project Monitoring Group.
The Prime Minister directed that a special cell be created immediately in the Cabinet Secretariat.
He is known for his paperless style of working.
80-85 per cent of about 700 major infrastructure projects within the Centre's domain have been delayed.
Anil Swarup, who conceived the Rashtriya Swasthya Bima Yojana -- a scheme the United Nations Development Programme and the International Labour Organisation recognised as among the finest -- speaks to Anjuli Bhargava.
Latest official data shows that investment is, in fact, showing signs of a moderate pick-up.
The CAD in 2012-13 was at 4.7 per cent of GDP and in 2013-14 it will only 1.7 per cent, the Finance Minister said.
Non-mineral-rich states will benefit from tariff concessions.
With Prime Minister Narendra Modi emphasising the need to kick-start investment in the country, the project monitoring group (PMG) under the Cabinet Secretariat has asked various government departments to start monitoring projects for which clearances have been facilitated through this mechanism.
Under constant attack from his political opponents, the public and the media, he is said to have withdrawn into a shell, says Anita Katyal
We still have time for this government to take action.
Following is the full text of Congress vice-president Rahul Gandhi's speech at FICCI's 86th annual general meeting on Saturday:
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