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Not yet out

Not yet out

Despite the current slowdown, the long-term outlook for the port sector continues to be strong, especially because of increasing demand for coal, containers, crude oil and POL, fertilisers, and steel. The government also has taken into cognizance the issues impacting the sector

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PPP Infra, power projects prone to corruption: UN Body

PPP Infra, power projects prone to corruption: UN Body

The United Nations Organisation (UNO) has found that public private partnerships or PPP projects in India's roads and power sectors are most prone to corruption, with private partners' evasion of revenue-share due to the government emerging as the biggest menace. The UN Office on Drugs and Crime (UNODC) has also flagged loopholes in Indian laws' ability to curb such graft, and suggested that private partners in PPPs be designated as public officials to make them accountable under the Right to In

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Turnaround is around the corner

Turnaround is around the corner

The governmentÂ’s sincere attempts to expedite the project clearance of the stalled projects and participation by the private entrepreneurs in PPP projects in infrastructure would lead to enhancement of steel consumption in 2013-14.

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CCEA to decide budget allocation for PPP projects

CCEA to decide budget allocation for PPP projects

Cabinet Committee on Ec­o­nomic Affairs (CCEA) would decide on the proposal to prescribe a suitable cap on budgetary allocations for annuity payments for the PPP projects.If the proposal is cleared, government would set a timeline till which future budgetary options can be foreclosed for making payment to the concessionaire for financing, construction, operation and maintenance of a PPP project.