The Union Cabinet approved the Mines and Mineral Development and Regulation (MMDR) Bill, 2011. The Bill aimed at curbing illegal mining and bringing more transparency in the allocation of licences for mining.The Bill has provisions for 26 percent profit sharing by coal miners and an amount equivalent to royalty by non-coal miners with project affected people.
Author: admin (Infratructure Today)
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Given our policies, we are lucky to get investors in India
Problems exist at both policy and execution levels in infrastructure sectors, making the country a high-risk investment destination as policymakers have lost out on India’s big advantage as an investment destination, Nasser Munjee, Chairman, Development Credit Bank Ltd
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Metro and the city
How will upcoming metro rail systems respond to how an integrated system to ensure the city’s traffic and architecture is preserved or enhanced?Metro systems at present are being treÂated stanÂdaÂlone and not as cogs in a mobiÂlity wheel for a city. Cities are not able to integrate the transport serÂvices in the city because their is no single authority to manage all aspects of urban transport.
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Land records digitisation soon
The Central government is set to infuse some urgency into the digitisation of land records at the first meeting of the National Council of Land Reforms.The council, headed by the Prime Minister, will discuss the recommendations of a committee on state agrarian relations set up by the Rural Development Ministry in 2009.
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PM calls for transparency in awarding projects
In the wake of irregularities in allocation of natural resources and award of infrastructure projects, Prime Minister Manmohan Singh called for transparency in awarding highway projects to eliminate the possibility of favouritism or ‘crony capitalism'.
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Fin Min clarifies infra definition
Infrastructure will soon have a wider and uniform definition that will encompass some aspects of education and health as well, ensuring asset creation across a number of sectors by making them eligible for various incentives. A panel of secretaries of various ministries is expected to clear the finance ministry's proposal.
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Policy for low-frills airports
The government is mulling formulating a policy on setting up low-frills airports in the country. Private airport operators and investors have over last five years contemplated setting up airports or terminals dedicated to low-fare airlines, but hasn't materialised.
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Infra concerns in India, US comparable: Pressler
India infrastructure investment conference in New York emphasised India’s high investment potential, the need for more liberalisation, and citizens’ role in taking advantage of a democratic system to elect visionary leaders who can ensure continued investment opportunities.
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We need several $10 bn funds: Montek
FICCI’s infrastructure summit in New Delhi, marked by large participation from all sectors, did not witness remarkable announcements, but for the reiteration that infrastructure is likely to miss the 11th Plan target by more than 10 percent.How do we make banks’ infrastructure lending more long term with less mismatches? Well, create solutions outside bbanks, says Planning Commission’s high profile Deputy Chairman Montek Singh Ahluwalia. Inaugurating the India Infrastructure Summit 2011
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Banks' alternative to infra lending: Good step, but…
Finally, banks can get completely rid of their limits imposed by asset-liability mismatch (ALM). Although schemes like take out financing exist and there have been numerous attempts to revive the corporate bond market, most of the schemes and efforts seem to have gone in vain.