Amid the anxiety and the anticipation awaiting the next Union government, as the country goes into polling mode, the infrastructure sector got some news to cheer about. The decision of the Planning Commission to propose the setting up of a Cabinet committee on transport, a move that could lead to speedy decision making in the sector, is a welcome move.
The Union government has set up the Cabinet Committee on Investments (CCI) with the Prime Minister as the Chairman to promote accelerated and time bound decisions on grant of various licenses, permissions and approvals for implementation of projects.
Can this be the twist in UPA II's tail and the welcome unknotting of India's wound-up growth story? Just over a month after the Prime Minister's Office constituted a monitoring committee in early June this year to troubleshoot stalled infrastructure projects,
The Prime Minister Manmohan Singh headed Cabinet Committee on Investments is expected to speed up Rs 49,000 crore worth power plants of companies like Reliance Power and Essar Power, which have been stuck for want of environment and forest clearances at various levels. The panel will consider diversion of forest land for a coal block attached to Rs 20,852 crore Sasan ultra mega power project.
According to government data, the Cabinet Committee on Investments (CCI), which is headed by Prime Minister Manmohan Singh, helped clear projects worth investments of over $27 billion since it was set up in January. Some observers want the CCI to focus on all the projects instead of focusing on only selected projects. In an interview to a leading media, Naina Lal Kidwai, President of FICCI said the committee must shed its curre
At a recent meeting, the Cabinet Committee on Investments (CCI) urged security agencies to stick to the 12-week timeline, prescribed by the Cabinet Committee on Security. It may be recalled that earlier, the Cabinet Committee on Security decided to adhere to a 12-week timeline for
providing inputs on port development projects that are delayed owing to pending clearances. Following this, the shipp
The Cabinet Committee on Investment (CCI) approved 25 blocks for continued exploration of oil and gas in its latest meeting. These blocks involve a total of over $4.6 billion of investment. Of this, $2.71 billion of investment has already been made and further investment to the extent of $1.9 billion
Since the setting up of the Cabinet Committee on Investment (CCI) in January 2013, mega projects worth a total of Rs 74,000 crore, have been cleared by the body. These projects were stalled because of lack of statutory clearances. Many projects in the oil and gas sector, with a cumulative investment of $13.42 billion, were held up because of of objections raised by the Defe
Exploration project at five oil and gas blocks, which where stuck as the defence ministry had objected to civilian activity, received approval from the Cabinet Committee on Investment (CCI) recently. Oil and gas exploration projects at several regions were affected by the objection of the defence establishment on concerns of security or proximity to sensitive locat
Agency reports indicate that Cabinet Committee on Investment (CCI) may clear around Rs 50,000 crore worth projects by March 2014. In 2013-14, India would see many projects coming on stream. Department of Economic Affairs Secretary Arvind Mayaram is quoted as saying this by a leading news agency