The Cabinet Committee on Economic Affairs (CCEA) has approved the following steps to promote the operationalisation of Infrastructure Debt Funds (IDFs): (a) Capping of the annual guarantee fee payable to the concession authority at 0.05 per cent per annum of outstanding debt financed by the IDF NBFCs for the first three years of operation of the IDF NBFCs; and (b) Access to the benefits of Public Financial Institutions (PFI) status to IDFs like permitting IDF NBFCs to file Shelf Prospectus under
Author: admin (Infratructure Today)
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Fresh iron ore mining ban in Goa
Fresh mining of iron ore has been banned in Goa by the new mineral policy in the state. The Goa Mineral Policy was notified on September 28.
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Nod to shale gas, oil exploration
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Ministry of Petroleum and Natural Gas on the policy on exploration and exploitation of shale gas
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PM underlines G-20 role in reviving growth
The Prime Minister Manmohan Singh at G-20 Summit at St. Petersburg called for extensive consultations within the G-20 countries to tackle the current currency crisis.
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Coal block auction policy cleared
The Union Coal Minister Sriprakash Jaiswal said that the governm
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Bill for speedy dispute resolution
For speedy resolution of the public-private partnership (PPP) disputes, a draft bill is being prepared by the Planning Commission. The Commission will soon finalise the bill to place it before the Cabinet for approval, reports indicate.
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Jaipur Metro to get Central funding
The Union Urban Development Secretary Sudhir Krishna said that the Union government is to make equity investment in Jaipur Metro, which till now, was funded by the state government. The proposal will be put forth Union Cabinet soon, he said without revealing further details.
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Nod to projects worth Rs.1.2 lakh cr on Delhi-Mumbai corridor
Entailing an investment of Rs 1.2 lakh crore, the Delhi-Mumbai Industrial Corridor Trust has approved nine projects. Industrial townships and logistic hubs are included in the projects. The Union government, state governments and private firms would fund the projects.
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Orissa highway development
Orissa is to repair its state highways at a cost of Rs 3,000 crore in the next four years. The state government has started process for tenders for road works of 381 km in the first phase at a cost of Rs 633 crore.
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NHAI to meet banks before lending
Feeling that banks are misguided over lending to road developers, the National Highways Authority of India (NHAI) has asked the banks to hold joint meetings with it before lending to road projects.