Chhattisgarh Plan for 2013-14 Finalized
The Annual Plan for 2013-14 for the State of Chhattisgarh was finalised today at a meeting between ShriMontek Singh Ahluwalia, Deputy Chairman, Planning Commission and Dr. Raman Singh, Chief Minister of Chhattisgarh. The Plan size has been agreed at Rs.25,250crore which includes the central assistance to the State Plan of about Rs.2,574 crore. In addition,… Read More
Tags: Chhattisgarh, Five-year plans of the People's Republic of China, Government of India, India, Planning Commission, Public–private partnership, Raman Singh, State Government
Direct Tax incentives to promote Skill Development – National Manufacturing Policy
The National Manufacturing Policy (NMP) 2011 proposed to provide inter alia, the following direct taxes incentives to promote skill development: Weighted deduction of 150% of the expenditure (other than land or building) incurred in Public Private Partnership (PPP) projects for skill development in manufacturing sector in separate facilities in coordination with National Skill Development Corporation… Read More
Tags: Business, Finance Act, Income Tax Act 1961, Nazi Party, Public–private partnership, Skill, Taxation in India, Vocational Education
Modified Industrial Infrastructure Upgradation Scheme (MIIUS)
The Cabinet Committee on Economic Affairs has approved the Modified Industrial Infrastructure Upgradation Scheme (MIIUS) with an approved outlay of Rs.1030 crore for the 12th Five Year Plan period consisting of Rs. 450 crore for committed liability and the remaining Rs. 580 crore for taking up 14 to16 new projects including a minimum 2 projects in… Read More
Tags: Cost, Council for the Curriculum Examinations & Assessment, Five-year plans of the People's Republic of China, MIIUS, PMA, Project management, Public–private partnership, Rupee
CCEA Approves changes in Delegation of powers for approval and appraisal of National Highways projects
The Cabinet Committee on Economic Affairs (CCEA) approved the proposal for a change in the delegation of powers for appraisal and approval of National Highways projects. This will simplify the appraisal and approval of the National Highway projects. At present, projects of Rs.500 crore or above require investment approval of the CCEA but projects below Rs.… Read More
Tags: CCEA, Council for the Curriculum Examinations & Assessment, Minister (government), Ministry of Road Transport & Highways, National Highway, Planning Commission, Public–private partnership, Secretary of State for Economic Affairs
CCI advises Security Agencies to adhere to approved timelines for grant of security clearances
The Cabinet Committee on Investment today directed various security agencies to adhere to the timeline of 12 weeks already approved by the Cabinet Committee on Security, for grant of security clearances for port infrastructure improvement projects. In the year 2012-13, 32 projects were awarded resulting in capacity addition of 136.75 MTPA and involving an investment… Read More
Tags: Cabinet Committee, Government of India, India, Public–private partnership, Purchasing power parity, Security clearance, Shipping Ministry
Cabinet Committee on Investment resolves bottlenecks in road development sector
The Cabinet Committee on Investment was informed today that some of the bottlenecks identified by the Ministry of Road Transport and Highways (MoRTH) for the fast-track implementation of National Highways Development Project (NHDP) have now been removed as a result of the efforts made by the Ministry. Other unresolved issues fall in the domain of other… Read More
Tags: Cabinet Committee, Environment, India, National Highways Development Project, Planning Commission, PPP, Public–private partnership
PM directs Planning Commission to formulate Draft Bill on Dispute Resolution in Public Contracts
The Prime Minister has tasked the Planning Commission to formulate a draft Bill on Dispute Resolution in public contracts in consultation with all stakeholders and Ministries. Dispute resolution in large public contracts is an area of growing concern and the Prime Minister has initiated the first steps in improving the institutional arrangement for dispute settlement.… Read More
Tags: Contract, Dispute resolution, India, Institution, Planning Commission, PPP, Public–private partnership, Purchasing power parity
CCEA Approves Upgradation of Vizag Port
The Cabinet Committee on Economic Affairs has approved the project for upgradation of existing facility and creation of a new facility at Visakhapatnam Port Trust for iron ore handling in two phases on Design, Build, Finance, Operate and Transfer (DBFOT) basis at an estimated cost of Rs. 845.41 crore. The project will be taken up… Read More
Tags: Cabinet Committee on Economic Affairs, DBFOT, Iron ore, PPP, Private Public Partnership, Public–private partnership, Purchasing power parity, Visakhapatnam Port
Setting up of new major ports in the states of West Bengal and Andhra Pradesh
The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal of the Ministry of Shipping for: (i) setting up a new major port at Sagar Island in West Bengal through the Public Private Partnership (PPP) mode by following the extant procedures for project appraisal/approval, including obtaining environmental clearances, etc. (ii) appointing the transaction advisers… Read More
Tags: Andhra Pradesh, Council for the Curriculum Examinations & Assessment, Haldia, Hooghly River, Public–private partnership, Sagar Island, Visakhapatnam Port, West Bengal
Empowered Committee Approves PPP Project for Viability Gap Funding
The Empowered Committee at its Seventeenth Meeting on May 6, 2013, chaired by the Secretary, Department of Economic Affairs, Ministry of Finance, Government of India accorded final approval for viability gap funding of Rs. 1458 crore (12.35 percent of Total Project Cost of Rs. 11,814 crore) under the Viability Gap Funding (VFG) Scheme to the project from Government of Andhra… Read More
Tags: Andhra Pradesh, Finance Ministry, Government of Andhra Pradesh, Hyderabad Metro, Hyderabad Metro Rail, India, Public–private partnership, Secretary of State for Economic Affairs
Infrastructure Projects Debts under PPP and Model Concession Agreements to be Treated as Secured Lending
On 18th March 2013, Reserve Bank of India (RBI) has eased the norms for treating bank loans as secured finance by notifying that the debt due to the lenders in case of Public Private Partnership (PPP) projects may be considered as secured by the respective Banks to the extent assured by the Project Authority in… Read More
Tags: Concession Agreement, Loan, PPP, Public–private partnership, Purchasing power parity, rbi, Reserve Bank of India, Run batted in
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