Wherever feasible, converting illegal mines to legitimate ones after determining the entrepreneur’s worth will result in better competitiveness, rehabilitation and revenues to the exchequer, says RK Sharma.Obtaining mining approval takes considerable time mainÂly at the state level.
Tag: government
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All we need is a monitoring body, not new laws or technology
Without an enforcement agency to constantly monitor the landscape, mines will continue to be exploited, NN Gautam, Advisor, ACB (India), and former Advisor to Union Ministry of Coal, tells Shashidhar Nanjundaiah.The term illegal means that there is either connÂivance or a laxity in enforcement. This is a governance issue a corruption issue.
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Indian EPC 2011: Driving growth efficiently
As with all ideas that promise (relative) speed, simplicity and quality, Engineering, Procurement and Construction (EPC) has caught on quickly.The order books of the over 150 players in the arena are bulging, and there is increased interest in this sector from experienced foreign players who have made their India foray, new to the sector Indian conglomerates as well as pan-Indian infrastructure developers.
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Extra time for SEZ projects
The government has given more time to as many as 37 special economic zone (SEZ) developers to execute their projects. At a meeting, the Board of Approval (BoA) headed by Commerce Secretary Rahul Khullar also allowed five SEZ developers to surrender their projects
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Given our policies, we are lucky to get investors in India
Problems exist at both policy and execution levels in infrastructure sectors, making the country a high-risk investment destination as policymakers have lost out on India’s big advantage as an investment destination, Nasser Munjee, Chairman, Development Credit Bank Ltd
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Metro and the city
How will upcoming metro rail systems respond to how an integrated system to ensure the city’s traffic and architecture is preserved or enhanced?Metro systems at present are being treÂated stanÂdaÂlone and not as cogs in a mobiÂlity wheel for a city. Cities are not able to integrate the transport serÂvices in the city because their is no single authority to manage all aspects of urban transport.
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Land records digitisation soon
The Central government is set to infuse some urgency into the digitisation of land records at the first meeting of the National Council of Land Reforms.The council, headed by the Prime Minister, will discuss the recommendations of a committee on state agrarian relations set up by the Rural Development Ministry in 2009.
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PM calls for transparency in awarding projects
In the wake of irregularities in allocation of natural resources and award of infrastructure projects, Prime Minister Manmohan Singh called for transparency in awarding highway projects to eliminate the possibility of favouritism or ‘crony capitalism'.
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Policy for low-frills airports
The government is mulling formulating a policy on setting up low-frills airports in the country. Private airport operators and investors have over last five years contemplated setting up airports or terminals dedicated to low-fare airlines, but hasn't materialised.
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We need several $10 bn funds: Montek
FICCI’s infrastructure summit in New Delhi, marked by large participation from all sectors, did not witness remarkable announcements, but for the reiteration that infrastructure is likely to miss the 11th Plan target by more than 10 percent.How do we make banks’ infrastructure lending more long term with less mismatches? Well, create solutions outside bbanks, says Planning Commission’s high profile Deputy Chairman Montek Singh Ahluwalia. Inaugurating the India Infrastructure Summit 2011