We are planning to formulate a Renewable Energy Act as currently, all the electricity activities come under the Electricity Act, 2003. The new Act will not only help in streamlining many aspects like power generation, supply and tariff, but will also assist in attracting investments.
Tag: Union cabinet
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Cell for IranĂ´s Chabahar port project
The government has set up a cell to speed work and monitor the setting up of the Chabahar port in Iran within a deadline. The Jawaharlal Nehru Port Trust (JNPT) has nominated four officers for coordinating the work.
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Panel to check traffic
To ascertain the accuracy of road developersĂ´ claims of financial stress due to lower toll revenues, a Union government panel has called for a traffic survey on 47 highways. The panel has been appointed by the Union Cabinet to examine bailout demands of highway developers. The panel is headed by C Rangarajan, Chairman of the Prime MinisterĂ´s Economic Advisory Council.
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Highway developers can collect only 75% toll during work
Road developers in the country will be allowed to charge only 75 per cent toll during the work on six-laning of highway stretches. This was decided by the Union Cabinet last week. To ensure that developers don't delay construction, the Union government also allowed tolling to be suspended for failure to meet the deadline.
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Nod to Universal Electronic Accessibility policy
The Union Cabinet recently approved the National Policy on Universal Electronic Accessibility that recognises the need to eliminate discrimination on the basis of disabilities as well as to facilitate equal access to electronics and Information and Communication Technologies (ICTs).
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Rajasthan to get refinery-cum petrochemical complex
The Union Cabinet has recently approved the proposal of Hindustan Petroleum Corporation (HPCL), a Public Sector Undertaking to set up a 9 mmtpa greenfield Refinery cum Petrochemical Complex in Barmer District in Rajasthan, as a Joint Venture (JV) with Government of Rajasthan under the name HPCL-Rajasthan Refinery Limited( HRRL).
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Nod to licensing of land to developers of 4 major ports
The Union Cabinet has approved a proposal to license land to developers of projects at four major ports under public-private partnership (PPP) mode to strengthen the ports' capacity. It cleared one project on lease basis for setting up a cement bagging plant at Cochin Port.
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Govt plans bond buy for $4.3 bn World Bank loans
The Union Finance Ministry has proposed to the government allow the country to borrow an additional $4.3 billion from the World Bank by investing in special bonds. The Union Cabinet is to consider the proposal on September 12.
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Land transfer to metro rail firms
The Union Cabinet recently approved the proposal for treating 50:50 joint ownership metro rail companies like DMRC at par with CPSUs for transfer of land. This will allow to transfer/alienation of land including defence land to metro rail companies having 50:50 partnership between the Government of India
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Cabinet for large project approvals
Union cabinet may consider approval for several largeĂÂĄ-sized infrastructure projects, costing at least Rs 1,000 crore, to ensure expeditious clearances. Union finance ministry is learnt to have sought specific comments from the concerned ministries on pending approvals.