Industry analysts share their views on the bills that are pending in the Parliament and how they will impact once they take the shape of a law. The Coal Regulatory Authority of India Bill (CRAI) is a much needed piece of legislation.
Tag: regulatory
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Waiting in the wings
There is a perennial need for regulatory and institutional changes to keep in step with the social and infrastructural development. It often seems that the law is playing catch up with situations that evolve and many a times it is possible to trace in new or amended legislation the exact gap or mischief it is trying to plug.
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Infra Insights
Long-term financing is what the Indian infrastructure sector needs to attain the projected growth. And Infrastructure Debt Funds (IDFs), which the government had in 2011-12 fiscal under Finance Minister P Chidambaram allowed to form to step up investment in the infrastructure sector, which requires $ 1 trillion in the 12th Plan.
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Experts want govt to create competition by amending act
Experts feel that unless the Coal Nationalisation Act is amended to allow mining by private companies, the government cannot create competition in the coal sector. The union cabinet recently approved the coal regulatory authority bill which envisages that the regulator would create regulations that bring in a level-playing field and more competition in the sector
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Contract renegotiation in highways
The change in bidding conditions, including that by altering the timing of bid premiums, goes against the grain of bidding process. The level of success of PPP in India has been a function of contract design, regulations, and implementation framework in the respective sectors.