Life Insurance Corporation of India (LIC) plans to hold 10 per cent stake in the proposed $2 billion infrastructure debt fund (IDF) that it would set up in coordination with IL&FS.
Tag: government
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16.5 gw projects in JK
Jammu and Kashmir government has estimated potential of 20,000 mw electricity out of which 16,471 mw has been identified for harnessing during the 12th plan.
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The Predictability Issue
There are many ways in which private developers and contractors can (and do) jeopardise their own balance sheets. But given that the private sector works on profits and viability, it depends on the government in PPP
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Divining intervention
Nearly a fifth of the country’s land is rich in commercially viable mineral deposits, but without proper prospecting policies, mining has not always been scientific. The government is now wooing foreign players into prospecting and mining in India,
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The element of certainty
The new Mining Bill encourages private players to enter prospecting. However, if the result is zero after the recce, who will compensate them? So far, prospecting in India has been a business of the government, and has been happening at a much slower pace than required,
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Mining of minor minerals
The Supreme Court has directed the Centre and state governments to implement strict regulations within six months to govern mining of minor minerals as recommended by the Ministry of Environment and Forests.The order could affect the construction sector as it uses minor minerals such as sand, gravel and boulders.
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AP plans policy on regional airports
The Andhra Pradesh government plans to unveil a policy for development of regional green field airports in the state by June, according to the Minister for Infrastructure, Ganta Srinivasa Rao.The policy would deal with single-window clearance, connectivity both rail and road, incentives for development and issues relating to land allocation for the new projects.
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Study to streamline upstream regulatory system
In order to revamp the regulatory system of the country’s upstream oil companies, the government plans to commission a study of 10 upstream regulatory agencies from various countries in different continents and suggest steps to design the most suitable for India.
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ONGC stake sale
Finance Minister Pranab Mukherjee said the government raised Rs 12,666 crore from the auction of its 5 percent stake in ONGC.The minister said auction route to sell government stake in a PSU was a “highly experimental option†and added that the auction was a great success.The final demand was for 42.04 crore shares against an offer of 42.77 crore shares.
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Govt may provide soft loans for PPP projects
Ajay Saxena of Asian Development Bank informed that government might consider proÂviding soft loans to developers of projects on public private partnership (PPP) basis if there is a shortfall in revenue.The government would provide the loan as per the draft rule on PPP projects on revenue support released by the Planning Commission.