The Cabinet Committee on Economic Affairs (CCEA) has approved the following steps to promote the operationalisation of Infrastructure Debt Funds (IDFs): (a) Capping of the annual guarantee fee payable to the concession authority at 0.05 per cent per annum of outstanding debt financed by the IDF NBFCs for the first three years of operation of the IDF NBFCs; and (b) Access to the benefits of Public Financial Institutions (PFI) status to IDFs like permitting IDF NBFCs to file Shelf Prospectus under
Tag: October
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Migration policy to aid PPP projects at major ports
To help 15-20 public-private partnership (PPP) projects at major ports in the country, the Union Government is set to announce a 'migration policy'. The new policy will be applicable for PPP projects signed on the basis of 2005 guidelines, the Union Shipping Secretary, Vishwapati Trivedi has said.
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ADB loan to Rajasthan
To boost Rajasthan's renewable energy capacity and to construct a power transmission system in the state, the Asian Development Bank (ADB) has agreed to provide a loan of $500 million.
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RCF Kapurthala wins Excellence Award
Rail Coach Factory (RCF) Kapurthala, a production unit under the Ministry of India will receive 'Par Excellence Award' from Quality Circle Forum of India (QCFI).
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Domino effects of stuck cash
NPAs are at best symptomatic of a deeper problem among infrastructure projects in particular, among those on public-private partnership (PPP).
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Level crossings to be removed along DFC
In order to make freight movement seamless on the Dedicated Freight Corridor (DFC), Railways will eliminate 27 level crossings along the 625 km long route between Rewari and Iqbalgarh
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Railways to switch over to LNG
Indian Railways' Research Design & Standard Organisation (RDSO) is developing locomotive prototype which will run on LNG
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More airports to adopt SITA services
The Airports Authority of India (AAI) has chosen world's leading specialist in air transport communications and information technology SITA's next generation airport management system to transform operations at 10 airports across India.
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Railways produces worlds first 5,500-hp locomotive
Indian Railways has produced the prototype 5,500 hp diesel locomotives (WDG5) which are already running as a pilot project in North Central Railway. This loco is developed by Diesel Locomotive Works (DLW), Varanasi, a production unit of Indian Railways.
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Cargo terminal for Imphal airport
The Union Ministry of Commerce and Industries has given its approval for setting up a cargo terminal at Imphal airport.