NIB on the way, will have power to approve
Some ministries had expressed reservations over setting a timeline or deadline for making decisions, failing which the NIB would take over the matter. Sources said it has now been decided to have different timelines depending on the ministries and the nature of projects. A nuclear power project, for instance, would get more time.
What appears to have swung the deal in favour of the NIB — an idea of Finance Minister P Chidambaram — was the strong backing of the Congress. Senior leaders like Digvijaya Singh had brushed aside naysayers’ objections and supported the NIB.