The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the continuation and revamping of the scheme for financial support to public-private partnerships (PPPs) in the infrastructure viability gap funding (VGF) Scheme till 2024-25 with a total outlay of Rs 81 billion.
Tag: public-private partnerships
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Government amends norms for financial support to PPP
The Government has approved amendments to the Public-Private Partnerships (PPP) guidelines to enhance financial support to projects in infrastructure sector.
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Transport: Convergence & Connectivity
Lack of funds and investor confidence are two factors that are hurting the infrastructure sector. Efforts are needed to bring back the faith and money in the sector. FICCI´s India Infrastructure Summit 2014 focused on the theme ´Transport sector: Convergence & Connectivity
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A balancing act
The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is an Act of Indian Parliament that regulates land acquisition and lays down rules for granting compensation,
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West Bengal govt to rope in pvt sector for infra development
West Bengal government plans to build and improve 4,000 km of highways on public-private partnerships (PPP) mode, the state's Industrial and Investment Policy, 2013 shows. The move is part of the state government's plan to build physical infrastructure in the state rapidly to promote large-scale industries
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WB govt to rope in pvt sector
West Bengal government plans to build and improve 4,000 km of highways on public-private partnerships (PPP) mode, the state's Industrial and Investment Policy, 2013 shows
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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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Experts call for mechanism to rework PPP contracts
International experts on public-private partnerships (PPP) projects suggest the government to devise mechanisms to permit contract renegotiations during the term of the concession. Experts said this at a FICCI conference on PPP held recently in Delhi. According to a study by the World Bank, 55 per cent of (PPP) contracts in the transport sector were renegotiated across the world during 1985-2000