A committee had been constituted by the Department of Economic Affairs, under the Chairmanship of Ratan P Watal, former Finance Secretary and Principal Adviser, Niti Aayog, in August 2016 to review medium term measures necessary to promote digital payment systems in the country. This Committee on Digital Payments has recommended structural reforms in the payment ecosystem, including amendments to the Payment and Settlement Systems Act, 2007.

Rating agency ICRA Ltd has announced the country’s new credit rating system for the infrastructure sector, in line with the announcement made in the Budget 2016 document.

A Guarantee Agreement for World Bank (IBRD) lending of $650 million to the Dedicated Freight Corridor Corporation of India Ltd for the Eastern Dedicated Freight Corridor

A Guarantee Agreement for World Bank (IBRD) lending of $650 million to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) for the Eastern Dedicated Freight Corridor-III (EDFC-III) Project has been signed between the Government of India and the World Bank in the national capital.

Indeed. From the mid-1990s, where we started with private sector involvement with power generation, and subsequently into mobile telephony and transport sector in the mid-2010s, we are easily the world´s largest PPP market. India has travelled a long way.

After liberalisation, the government´s primary focus was on reducing the fiscal deficit to restore macroeconomic stability, reforming trade and exchange rate policies and liberalising foreign investment policy. Infrastructure was never a growth constraint in the short term, considering the low utilisation of the existing infrastructure then.

Deepak Shetty, DG, Shipping & Additional Secretary, Government of India, Ministry of Shipping, tells Rouhan Sharma that the framework of a hub and spoke model under the Sagar Mala project

The Asian Development Bank (ADB) and the Government of India signed an $80 million loan agreement to continue improving infrastructure in two North Eastern State Capital cities.

The Union Ministry of Finance on 28 December 2015 released the report of the Committee on Revisiting and Revitalising Public Private Partnership (PPP) Model.