NVS Reddy, Managing Director, Hyderabad Metro Rail, speaks to Shashidhar Nanjundaiah at a time when Delhi Metro’s Airport Express, the lone PPP case in Metro rail in India, abruptly shut down at least until August reportedly for “technical and financial†reasons.
Tag: Planning Commission
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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.
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Sibal asked to seek nod from Plan panel
Finance Minister Pranab Mukherjee asked Telecom Minister Kapil Sibal to seek cleaÂrance from Planning Commission for allocating funds to National Optical Fibre Network (NOFN) project under nonPlan category.Telecom minister requested finance ministry to allocate funds for NOFN from nonPlan side to mitigate chances of delays in funding for the scheme which involves approval at various levels.
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The Reasonability of Auction
The 2G spectrum verdict on the astonishing day of 2 February pronounced a cancellation of all 121 permits given after 10 January 2008 by the then Telecom Minister A Raja. There is a fundamental flaw in the principle of first-come-first-served in the distribution of state-owned natural resources,
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Revised proposal for 'no-go' area projects
The Coal Ministry has asked states to give fresh proposals to the Environment Ministry for projects stuck in no-go areas. This would help redeem investment amounting to Rs 40,000 crore in key infrastructure projects in power, cement and steel sectors.
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Plan Panel expects 30 airports in 5 years
The Planning Commission expects that India may require 30 functional airports within the next five years. The CommiÂssion expects passeÂnger terminal capacity in most of the airports to be between 230-240 million in the current year.
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No TAMP extension to non-major ports
The Planning Commission has turned down the Shipping Ministry's proposal to extend the ambit of the Tariff Authority for Major Ports (TAMP) to non-major ports under the proposed Port Regulatory Authority Bill, fearing it will hurt the performance of these ports.
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Power Min seeks scrapping of import duty on coal
In order to tackle the coal price surge, the Power Ministry is pushing for abolition of Customs duty on imported coal. The Ministry is trying to garner the support of the Planning Commission on the issue, which is expected to be countered by the Finance Ministry in light of the revenue implications.
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Mining logistics Motion sickness
A recent mining ministry report recognises logistics as one of the several problems clogging the sector.It's yet another wake up call for the sector.It's raining mining reports out of the Pandora's Box that Justice Santosh Hegde opened.
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Shunglu report: Can SEBs finally breathe easier?
Under pressure from banks, who are refusing to lend, state utilities are poring over the new reports by Shunglu and BK Chaturvedi Committees. Is franchise the best way forward, though? At 31 percent, the national average on AT&C losses are unacceptably high. Quantified, this amounts to nearly Rs 70,000 crore of losses, and the Finance Commission fears that this amount will rise to Rs 1.16 lakh crore by 2014-15.