Tweet: Bold step cum signal: Govt decision to release 75% of arbitration award to pvt cos exp to infuse R30,000 crs to battered constrn sector.
Tweet: Release of 75% arbitration amount: More than liquidity, the signal to sarkari systems to respect commercial principles BIG game changer.
Construction sector gets a liquidity boost: Private sector contractors can expect faster disbursement of funds that are tied up in arbitration processes and the award is in favour of private sector. Nearly 75% of award amount is expected to be released immediately by government agencies. This will help clear liabilities including outstandings to banks.
Tweet: Appears that PMG under PMO is quietly doing good work. Data released shows 276 stalled projects de-jammed, involving inv of R10 lac crores.
Making progress on stalled projects: The Project Monitoring Group has cleared 276 projects and is set to clear another 258 projects with investments of R10 lakh crore soon. Roughly half of the projects are in the public sector and the rest in the private sector.
Tweet: Fuday: Good move by Power Ministry to help states revamp & install intelligent electric “FEEDERs” for real time data & impact on T&D.
Upgrading discom infrastructure: State-of-the-art electric feeders will be installed to ensure robustness and reliability of power supply data. The move is expected to help discoms reduce their technical and commercial (AT&C) losses.
Tweet: It’s infra projects like Chenab Bridge (featured in ET), rail links, road tunnels, hydro et al that go a long way to warmly embrace J&K.
Bridge of hope: The Chenab Bridge, being constructed at a cost of R1,198 crore, will be the tallest bridge in the world, once completed two years from now. It will link two sides of the River Chenab and narrow the gap between Jammu and the Kashmir Valley.
Tweet: Supreme Court judgement on Singur land acquisition clear message that might of state machinery cannot be deployed for unjustified land acq.
Landmark judgment on Singur land acquisition: The Supreme Court has set aside the acquisition of 997 acres of land in Singur in 2006 by the then Left Front-led West Bengal government. The court has directed the state government to take possession of the land and redistribute it to landowners within 12 weeks.
Tweet: Recognition of reality??: Metroman Sreedharan says Indian engineering institutes are producing engineers of “very substandard quality”
Crisis of engineering skills: The much respected ‘Metro Man’ E Sreedharan has thrown light on the substandard quality of engineers being produced by Indian engineering institutes. According to a recent study done among 300 engineering colleges, 48% of engineers are unemployable.
Tweet: Space Infra on a high: ISRO Chairman says India has reached a level where it can launch 1 satellite every month—rising soon to 2/month
ISRO speeds up on its satellite launches: ISRO has plans of launching 1-2 satellites every month for providing effective solutions to the country and its government in the areas of communication, observation, navigation and related services. Two launches are scheduled in September to carry five satellites, including two Indian (INSAT-3DR & ScatSat) and three foreign satellites.
Tweet: NITI Aayog runs the risk of being busy with a misc bunch of uncoordinated activities—latest being developing 10 of India’s 1300 islands.
Islands of development: The premier planning body of the nation is creating plans for the development of 10 islands as potential tourist destinations. Among the ones it has identified are Smith Island, Ross Island, Avis Island and Long Island from Andaman & Nicobar.
—Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly selection of the author’s tweets—
with a brief backgrounder—in the infra space, by Adite Banerjie