The Supreme Court directed Vodafone India to deposit Rs.2,000 crore with the department of telecommunications, paving the way for the phone company to go ahead with a three-year-old process to merge six group units amid a plan to revive an initial public offering (IPO).
Tag: Supreme Court
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EPC contractual issues
One of the major costs in an infrastructure project is the tax cost that a project has to bear on account of various indirect taxes, viz., the value added tax, works contract tax, service tax and many other similar taxes. Typically, in most of the infrastructure projects, the owner awards a turnkey contract to one party known as the engineering, procurement and construction (EPC) contractor.
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Steely growth
India is putting in place measures to fast-track economic growth. Core industries like steel will play a substantial part in this growth if the next decade has to really belong to India.
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Legal Aspects of Mumbai Metro Fare Hike
The long gestation period of the project coupled with price rises led to a bid to increase the Mumbai Metro fares. Legislative changes at that juncture brought into conflict the concessioning authority and the Central Government on this issue.
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Metro under SC scanner in up
The nine km elevated Metro project from Dilshad Garden to Ghaziabad came under scrutiny of the Supreme Court which directed DMRC to place all records before it to show that no undue favour was granted to any company in awarding the Rs 600 crore contract.
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We will reach the target of 1 billion tonne per annum by 2020
It will be a game changer in the sense of providing a platform for transparent auctions of coal blocks. These blocks were earlier allocated in such a manner that the Supreme Court and other agencies had concerns over its allocations, leading to its cancellation.
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Power Play
The power sector had been facing serious challenges over the past few years. The key issues pertain to shortfall in supply of coal and gas, delay in clearances for projects and the declining financial health of electricity distribution utilities.
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India is not short of coal
My initial focus is totally on the follow-up on the Supreme Court decision. The SC had cancelled the 204 blocks and we are now attempting through a legislation to see that at least in those 42 blocks where the SC had given time till 31st March, we have somebody in position to take over those mines.
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The infrastructure story is waiting to unfold
Infrastructure is the backbone on which the economic and social wellbeing of any country hinges. Though India has emerged as the third largest economy, its GDP growth rate slowed down to less than 5 per cent in FY 13-14, as against a CAGR of 8.4 per cent during 2003 - 2010.
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Stocks & Barrels
ItĂÂŽs raining good news for the Indian economy. Credit Suisse has said that India will witness the fastest dollar nominal growth in 2015. And falling oil prices are proving to be a major windfall for the country.