The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
Tag: Cabinet Committee on Economic Affairs
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Minimal stress on states’ fiscal consolidation path
The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
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Union cabinet to decide on land policy
A new land policy, that may clear land acquisition hurdle for existing and new infrastructure projects, would go to the union cabinet for approval. Land acquisition remains a major concern. Last year, a ban was imposed on the transfer of government land to other entities. If any department had to implement a project that required alienation of land (through lease, licence or rent), it had to seek the approval of the cabinet.
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Banks shy of funding PPP projects in highways
Reports suggest that petroleum and natural gas and highways sectors witnessed maximum number of delayed projects owing to lack of funding or issues like statutory clearaÂnces.
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Govt allows FDI FOR GMR
The Cabinet Committee on Economic Affairs has cleared GMR Airports Holdings' proposal to raise further foreign investment of $200 million from Mauritius-based entities.