The recent mining scams have sounded a wake up call, and yet definitive action to prevent illegal mining has not come forth.Will new laws such as higher taxation and profit sharing help the cause of the governmentââŹâ˘s efforts to curb illegal mining through technology and strengthened monitoring? Charu Bahri goes beyond the regular headlines of new scams and ends up not being convinced the new law will curb illegal mining.
Tag: infrastructure
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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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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 IndiaââŹâ˘s big advantage as an investment destination, Nasser Munjee, Chairman, Development Credit Bank Ltd
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Fin Min clarifies infra definition
Infrastructure will soon have a wider and uniform definition that will encompass some aspects of education and health as well, ensuring asset creation across a number of sectors by making them eligible for various incentives. A panel of secretaries of various ministries is expected to clear the finance ministry's proposal.
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China bank to fund Indian infra
Just as the worldââŹâ˘s largest bank in terms of profit, market capitaliĂÂsation, and customer deposits veĂÂntured into India last month with plans to fund the infraĂÂstructure sector, the Indian govĂÂernment also gave its nod to Indian comĂÂpanies to raise loans up to $1 billion in Chinese yuan.
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The L-Factor
It is as though news of the slow growth of 7.7 per cent-the slowest in six quarters-as reported for the quarter ending June, as against a healthy 8.8 per cent in the same period last year, was anticipated with resignation.
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Banks to offload infra portfolio to IIFCL
The government will ask banks to sell their infrastructure portfolio to state-run Indian Infrastructure Finance Company (IIFCL) to free up funds and reviving a crucial scheme for long-gestation projects.
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The fact that bidders believe in good growth over a period of 20-30 years is a vote of confidence
The net present value of the bids NHAI has received this FY from NVGF from 12 projects on DBFOT is to the tune of Rs 16,500 crore. JN Singh, Member (Finance), NHAI, explains to Shashidhar Nanjundaiah why this limited revenue stream will go a long way in all-round road development.
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Clean initiatives
When Elizabeth Littlefield was appointed by President Obama as the 10th President and CEO of Overseas Private Investment Corporation (OPIC), little was known about her role in providing the much needed support to the clean energy projects in India.
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Expertspeak: How to determine premium
Planning and projection will be in sharp focus in an increasingly competitive environment while determining costs and benefits in NVGF road projects.