The Cabinet Committee on Investment (CCI) was informed that some of the bottlenecks identified by the Ministry of Road Transport and Highways (MoRTH) for the fast-track implementation of National Highways Development Project
Tag: 2013
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Ministry studies models proposed by Plan panel
Union coal ministry is studying two-three models proposed by the finance ministry and the Planning Commission for carrying out coal mining projects on the public-private partnership (PPP) mode.
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Clarity on lease tenure
Oil and gas exploration companies are seeking clarity from the government on the tenure of leases issued under the existing production-sharing contracts (PSCs). Following this, the government set up an inter-ministerial committee led by the Union oil ministry.
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Coal regulatory bill
The Cabinet Committee on Economic Affairs (CCEA) would decide on clearing the draft coal regulatory authority bill in a month as the bill received the approval of the Group of Ministers (GoM)
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Ambiguity on FDI policy
Government is reportedly working on removing ambiguities in the definition of foreign direct investment (FDI) and foreign institutional investment (FII) and it is expected to issue clarification on the same.
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Civil nuclear pact
India and Japan agreed to speed up talks on a deal to allow Japan to export nuclear plants and to strengthen security cooperation as both countries keep a wary eye on China's military clout.
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PM asks SEBI to support fund flow to infrastructure
Securities and Exchange Board of India (SEBI) received a request from Prime Minister Manmohan Singh to promote infra debt funds (IDFs) in order to boost funding to the infrastructure sector.
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Ministry wants banks to ease land norms for road projects
Banks have been asked by the union finance ministry to disburse loan to road projects developers who have acquired 80 per cent of the required land instead of the existing norm of 100 per cent.
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Govt to introduce new norms for CPSE investment
The government is rationalising and consolidating the existing norms on the investment of excess cash by the Central Public Sector Enterprises (CPSEs). A committee appointed to review the investment norms for CPSEs submitted its report the finance ministry.
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Govt expects 50% infra investment to come from private sector
Sudhir Krishna, Secretary, Union Urban Development Ministry, informed that the government expects the share of private investment in infrastructure sector to rise to almost 50 per cent in the 12th Five Year Plan (2012-17).